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(Reuters) -Billionaire Richard Li’s efforts to expand his insurance business into mainland China have been put on hold after Beijing reacted with fury to his father Li Ka-shing’s plan to sell a suite of global ports to BlackRock, Bloomberg News reported on Thursday. Richard, business tycoon Li Ka-shing’s younger son, was in advanced talks to …

Richard Li’s China insurance expansion talks stall amid backlash to father’s port sale plan, Bloomberg News reports Read More »

By Anna Hirtenstein and Alexander Marrow LONDON (Reuters) -A U.S.-owned canned food company seized by Russia to safeguard domestic food supplies is planning to boost dwindling sales with exports to China and North Korea, according to documents reviewed by Reuters and people familiar with the matter. Washington has said the treatment of Glavprodukt, the only …

Exclusive-US-owned company seized to feed Russia planning to supply China, North Korea instead Read More »

By Abhirup Roy SAN FRANCISCO (Reuters) -Tesla will expand its robotaxi service to the San Francisco Bay Area “in a month or two”, depending on regulatory approvals, CEO Elon Musk said on Wednesday. Tesla last month rolled out a test of the long-promised service in a limited area of Austin, Texas, with about a dozen …

Tesla to expand robotaxis to San Francisco area within two months, Musk says Read More »

By Kenrick Cai, Krystal Hu and Anna Tong SAN FRANCISCO (Reuters) -OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet’s market-dominating Google Chrome, three people familiar with the matter told Reuters. The browser is slated to launch in the coming weeks, three of the people said, and aims to use artificial …

Exclusive-OpenAI to release web browser in challenge to Google Chrome Read More »

(Reuters) -Starbucks CEO Brian Niccol earned a reputation on Wall Street as a miracle worker for wounded restaurant brands like Taco Bell and Chipotle. Nine months into his Starbucks tenure, investors are unsure if lightning will strike a third time. Shares jumped more than 21% on August 13, the day Niccol was named CEO, on hopes …

Nine months in, Starbucks CEO faces tall order in turnaround Read More »

(Reuters) -EnergyX, the lithium technology startup backed by General Motors, has bought 35,000 acres (14,164 hectares) in the Smackover formation from Pantera Lithium, the latest deal for access to the U.S. brine formation teeming with supplies of the battery metal. The deal boosts the holdings of privately held EnergyX to roughly 47,500 acres in the …

GM-backed EnergyX buys lithium-rich acreage in US Smackover formation Read More »

By Sinéad Carew and Pranav Kashyap (Reuters) -Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump’s tariffs would not derail interest rate cuts this year. The minutes for the mid-June meeting …

Wall Street rises as Fed minutes put rate cuts in focus, Nvidia hits $4 trillion milestone Read More »