(Reuters) -Micron Technology shares rose 2% in premarket trading on Thursday, after a robust forecast from the chipmaker for fourth-quarter revenue on booming demand for its memory chips that power AI data centers. The company saw a nearly 50% jump in sales of high-bandwidth memory (HBM) chips for the third quarter compared to the previous …
Micron shares rise on bets of strong demand for AI-related memory chips Read More »
(Reuters) -Palantir Technologies on Thursday said it was teaming up with a nuclear deployment company to develop an artificial intelligence-driven software system built for the construction of nuclear reactors. Nuclear energy has garnered renewed interest from investors and companies, as it is considered to be a cleaner source of fuel and more reliable than wind …
Palantir partners to develop AI software for nuclear construction Read More »
By Christine Chen SYDNEY (Reuters) – Australia is suing a Chinese-linked company and a former associate over a breach of foreign investment laws linked with rare earths miner Northern Minerals, the national treasurer said on Thursday, adding it was the first case of its kind. Indian Ocean International Shipping and Service Company was one of …
Australia sues China-linked rare earths investors Read More »
By Gianluca Lo Nostro and Mathieu Rosemain (Reuters) -Worldline investor Bpifrance backs the payments group’s position on risk management but expects greater board-level oversight, an executive director said on Thursday after fraud allegations cut 500 million euros ($586.3 million) from its market value. A group of 21 European media outlets on Wednesday alleged Worldline continued …
Worldline backed by investor Bpifrance as tighter board oversight looms Read More »
By David Lawder and Kylie Madry (Reuters) -The U.S. Treasury on Wednesday prohibited certain transactions with Mexico-based financial institutions CIBanco, Intercam Banco and Vector Casa de Bolsa as part of its new fentanyl sanctions. The actions by the Treasury-run Financial Crimes Enforcement Network (FinCEN) to declare the three institutions “as primary money laundering concerns” mark …
US targets three Mexican financial institutions under fentanyl sanctions Read More »
By Michelle Conlin (Reuters) -Zak Folkman, the co-founder of U.S. President Donald Trump’s cryptocurrency platform World Liberty Financial, said on Wednesday that the company will issue an audit of its stablecoin “within days” and that it planned a new app. Folkman also hinted that WLF’s governance token, known as WLFI, could soon become tradable in …
Trump-backed crypto firm is planning stablecoin audit, new app Read More »
(Reuters) -GM is recalling 62,468 vehicles over the risk that a fault in the brake pressure sensor assembly may allow fluid to leak, increasing chances of an electrical short, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday. An electrical short can generate excessive heat and could result in a fire, risking injury, …
GM to recall over 62,000 US vehicles over fire risk from brake assembly Read More »
BEIJING (Reuters) -Chinese AI chip startup Biren Technology has raised about 1.5 billion yuan ($207 million) in fresh funding and is preparing for a Hong Kong initial public offering, people familiar with the matter said. The funding round and IPO plan come as China seeks to develop domestic alternatives to U.S. semiconductors amid escalating export …
China AI chip firm Biren raises new funds, plans Hong Kong IPO, say sources Read More »
(Reuters) -Nestle USA said on Wednesday that it would fully eliminate synthetic food colors from its U.S. food and beverage portfolio by mid-2026. The DiGiorno pizza maker said that the transition will be completed within the next 12 months, adding that more than 90% of its current categories already do not contain synthetic colors. The …
Nestle USA to phase out use of synthetic food colors by mid-2026 Read More »
(Reuters) -U.S. coal producer Peabody Energy is extending a lockout at one of its New South Wales mines, Australia’s Mining and Energy Union (MEU) said on Thursday, after its workers staged a protest, demanding improved wages and job protection. Peabody notified MEU members on Wednesday night that it would continue the lockout at Helensburgh underground …
Peabody extends lockout at Helensburgh coal mine in Australia Read More »
