SAO PAULO (Reuters) -Brazilian planemaker Embraer is competing to supply Moroccan airline Royal Air Maroc with its aircraft, a source familiar with the negotiations told Reuters on Wednesday. The African carrier is looking to expand and renew its fleet in three size categories, and Embraer is fighting to tie up an order in the smallest, …
Royal Air Maroc in talks to buy Embraer aircraft, source says Read More »
(Reuters) – Australia’s Qantas Airways said on Wednesday more than a million customers had their phone number, birth date or home address accessed in one of the country’s biggest cyber breaches in years. The airline operator said that another four million customers had just their name and email address taken during the hack. After disclosing …
Qantas confirms personal data of over a million customers leaked in breach Read More »
(Reuters) -Social media posts on the X account of the Grok chatbot developed by Elon Musk’s company xAI were removed on Tuesday after complaints from X users and the Anti-Defamation League that Grok produced content with antisemitic tropes and praise for Adolf Hitler. Issues of political biases, hate speech and accuracy of AI chatbots have …
X removes posts by Musk chatbot Grok after antisemitism complaints Read More »
By Sabrina Valle and Christy Santhosh (Reuters) -Merck said on Wednesday it will acquire UK-based Verona Pharma for about $10 billion, gaining a promising respiratory treatment as it faces pressure to diversify beyond its blockbuster cancer drug Keytruda. Merck is set to lose revenue from Keytruda, the world’s top-selling drug with nearly $30 billion in …
Merck shells out $10 billion for Verona in bid to diversify beyond Keytruda Read More »
By Lewis Krauskopf NEW YORK (Reuters) -The stunning rise of Nvidia Corp to become the first publicly traded company valued at $4 trillion underscores the massive importance to the stock market of the AI chipmaker and the technology sector. Reaching the lofty milestone caps a massive run for Nvidia’s stock price, which has soared some …
Nvidia’s $4 trillion milestone caps rise of stock market behemoth Read More »
– TRADING DAY -Making sense of the forces driving global markets By Alden Bentley, Editor in Charge, Americas Finance and Markets Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what markets were focused on today and why investors shifted their focus from tariffs …
Trading Day: Nvidia becomes first $4 trillion stock Read More »
By Fergal Smith (Reuters) -Canada’s main stock index rose on Wednesday, with the materials group leading a broad-based advance as gains for U.S. technology shares fed recent investor exuberence. The S&P/TSX composite index .GSPTSE ended up 68.75 points, or 0.3%, at 26,972.32, moving closer to Friday’s record closing high. “It’s still a momentum driven market,” …
TSX moves closer to record peak as gold mining shares rally Read More »
By Helen Reid and Siddharth Cavale LONDON/NEW YORK (Reuters) -The value of apparel imports from China to the U.S. fell in May to its lowest monthly level in 22 years, according to latest trade data, highlighting the impact of steep U.S. tariffs. China has for years been the biggest exporter of clothes to the U.S., …
Tariffs drive US clothing imports from China to 22-year low in May Read More »
By Raphael Satter WASHINGTON (Reuters) -American officials have quietly been grading Chinese artificial intelligence programs on their ability to mold their output to the Chinese Communist Party’s official line, according to a memo reviewed by Reuters. U.S. State and Commerce Department officials are working together on the effort, which operates by feeding the programs standardized …
US scrutinizes Chinese AI for ideological bias, memo shows Read More »
By Daina Beth Solomon, Fabian Cambero and Ana Isabel Martinez SANTIAGO/MEXICO CITY (Reuters) -Top officials in Chile and Mexico said on Wednesday they could seek markets elsewhere to avoid tariffs from the Trump administration, a day after U.S. President Donald Trump said he would soon announce a 50% tariff on the red metal. Mexico and …
Chile, Mexico look to new markets ahead of Trump copper tariffs Read More »
