A look at the day ahead in European and global markets from Ankur Banerjee Just as investor sentiment was recovering from the latest geopolitical jolt, buoyed by the Israel-Iran ceasefire, President Donald Trump rattled markets again with an attack on the Fed chair that revived worries over the central bank’s independence. The result has been …
Morning Bid: Trump punches at Powell, dollar recoils Read More »
By Duncan Miriri NAIROBI (Reuters) -China’s practice of securing its loans to low-income nations through commodity revenue streams and cash held in restricted escrow accounts is curbing their ability to manage their finances effectively, a study published on Thursday showed. China has lent hundreds of billions of dollars for infrastructure and projects in developing countries, …
(Reuters) -Meta CEO Mark Zuckerberg has hired three OpenAI researchers to join his “superintelligence” team, the Wall Street Journal reported on Wednesday, days after OpenAI CEO Sam Altman accused the Facebook owner of trying to poach its employees. An OpenAI spokesperson confirmed the departure of the three employees from the company, without giving further details. …
Meta poaches three OpenAI researchers, WSJ reports Read More »
(Reuters) -Private equity-backed Jefferson Capital and its existing investors raised $150 million in a Nasdaq initial public offering after pricing its shares at the lower end of the projected range, the firm said in a statement on Wednesday. Minneapolis, Minnesota-based Jefferson sold roughly 10 million shares, at $15 apiece, as it looks to capitalize on …
Jefferson Capital, existing shareholders raise $150 million in US IPO Read More »
SYDNEY (Reuters) -Job vacancies in Australia rebounded in the May quarter, led by openings in the construction and professional sectors, data showed on Thursday, in a sign demand for labour remained resilient despite a soft economy. Figures from the Australian Bureau of Statistics (ABS) showed vacancies bounced 2.9% in the three months to May, partly …
Australia job vacancies bounce 2.9% in May quarter, ABS data shows Read More »
(Reuters) -Blue Origin founder Jeff Bezos spoke to U.S. President Donald Trump at least twice this month as he tries to capitalize on a feud between rival SpaceX founder Musk and Trump and bag more government contracts, the Wall Street Journal reported on Wednesday. The CEO of Blue Origin, Dave Limp, also made a trip …
By Blake Brittain (Reuters) -A federal judge ruled on Wednesday for Meta Platforms against a group of authors who had argued that its use of their books without permission to train its artificial intelligence system infringed their copyrights. U.S. District Judge Vince Chhabria, in San Francisco, said in his decision that the authors had not …
Meta fends off authors’ US copyright lawsuit over AI Read More »
(Reuters) -Microsoft and OpenAI are at odds over a contractual provision related to artificial general intelligence, The Information reported on Wednesday. Under the current terms, when OpenAI achieves AGI, Microsoft’s access to such a technology would be void. Microsoft wants OpenAI to remove that clause but so far OpenAI has refused, the report said. “We …
NEW YORK (Reuters) -Business leaders in New York City voiced concerns on Wednesday, following progressive Democrat Zohran Mamdani’s likely victory in the city’s hotly contested primary for mayor the day before. New York, the nation’s preeminent financial center, boasts an annual GDP of more than $1 trillion and more residents than any city in the …
Mamdani lead in New York mayoral Democratic primary leaves businesses on edge Read More »
(Reuters) -The U.S. Federal Trade Commission said on Wednesday that candy giant Mars’ proposed $36 billion takeover of Pringles maker Kellanova did not meet the standard for an anticompetitive merger and that the regulator was ending its review of the deal. “Our job is to determine whether there is a violation of American law that …
US FTC says Mars’ $36 billion Kellanova deal is not anticompetitive Read More »
