Reuters US Business

By Christine Chen SYDNEY (Reuters) -Australia’s internet watchdog has said the world’s biggest social media firms are still “turning a blind eye” to online child sex abuse material on their platforms, and said YouTube in particular had been unresponsive to its enquiries. In a report released on Wednesday, the eSafety Commissioner said YouTube, along with …

Australia regulator says YouTube, others ‘turning a blind eye’ to child abuse material Read More »

By Anton Bridge TOKYO (Reuters) -Seven & i Holdings’ planned listing of its North American operations would enable the Japanese convenience store operator to take on additional debt for more aggressive growth than currently planned, its chief executive said on Wednesday. The listing, billed for the second half of 2026, would allow for faster store …

Seven & i’s North American business IPO to fund quicker growth, says CEO Read More »

By Patrick Wingrove and Andrea Shalal WASHINGTON (Reuters) -President Donald Trump said on Tuesday that the United States would initially place a “small tariff” on pharmaceutical imports before hiking it to 150% within 18 months and eventually to 250% in an effort to boost domestic production. “In one year, one and a half years maximum, …

US to initially impose ‘small tariff’ on pharma imports, Trump says Read More »

SAO PAULO (Reuters) – Brazilian planemaker Embraer on Tuesday reaffirmed its 2025 outlook and said U.S. tariffs did not significantly affect its second-quarter results, even as it described the levies as a “major concern” amid ongoing trade uncertainties. The company avoided a potential setback last week when U.S. President Donald Trump exempted aircraft from a …

Embraer keeps 2025 outlook, US tariffs had limited impact on quarterly results Read More »

By Karen Freifeld (Reuters) -Two Chinese nationals in California were arrested and charged with illegally shipping tens of millions of dollars’ worth of AI chips to China, including Nvidia H100s, the U.S. Justice Department said on Tuesday. Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte, exported the advanced Nvidia chips and …

Two Chinese nationals in California accused of illegally shipping Nvidia AI chips to China Read More »

By Akash Sriram, Abhirup Roy and Zaheer Kachwala (Reuters) -Rivian and Lucid posted disappointing quarterly earnings on Tuesday and provided a grim outlook for the year as the electric vehicle makers take a hit from policy shifts and trade tensions that have disrupted the industry. Shares of Rivian fell about 4% after the bell, while …

Rivian, Lucid warn of bumpy road ahead as policy changes hurt Read More »

By Anna Tong and Greg Bensinger SAN FRANCISCO (Reuters) -OpenAI said on Tuesday it has released two open-weight language models that excel in advanced reasoning and are optimized to run on laptops with performance levels similar to its smaller proprietary reasoning models. An open-weight language model’s trained parameters or weights are publicly accessible, which can …

OpenAI releases open-weight reasoning models optimized for running on laptops Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after Yum Brands and other companies cited trade duties in their results or outlooks. The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, and the trade gap with China shrank …

Wall Street ends lower as investors consider tariff impact on results, economy Read More »