By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – The Brazilian government has shelved a proposal to tax big tech firms, due in part to concerns that the move could be seen as a response to U.S. President Donald Trump’s tariff threats, two officials with knowledge of the matter told Reuters. Instead the sources, who …
Brazil holds off big tech tax amid Trump tariff talks, say sources Read More »
BEIJING (Reuters) – Stellantis’ Chinese partner Leapmotor plans to roll out vehicles equipped with its smart-driving technologies in Europe next year, the company’s senior vice president said on Wednesday. That is the first timeline announced by a Chinese automaker for advanced driver-assistance technologies outside China and comes as the manufacturers scramble for an edge in …
China’s Leapmotor aims for Europe smart-driving rollout in 2026 Read More »
By Blake Brittain (Reuters) -Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S. District Judge Eumi Lee said that the publishers’ request was too broad and …
Anthropic wins early round in music publishers’ AI copyright case Read More »
TAIPEI (Reuters) – Taiwan’s central bank on Wednesday defended the island’s trade and currency record ahead of possible tariffs from U.S. President Donald Trump, saying the high current account surplus was a structural problem and Washington understood that. Trump officials, including Treasury Secretary Scott Bessent, have said that much of the reciprocal tariff focus, to …
Taiwan defends trade, currency record ahead of possible US tariffs Read More »
(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee said he expected interest rates to be “a fair bit lower” in 12-18 months but added that it may take longer than anticipated for the next cut because of economic uncertainty, according to a Financial Times interview published Wednesday. Goolsbee, a voting member of Fed’s rate-setting committee …
By Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) – Japan’s economic fundamentals suggest the yen’s real value is closer to 120-130 per dollar rather than the current 150 levels, senior lawmaker told Reuters, as the ruling party considers steps to help reverse capital outflows. “I believe 120 to 130 levels to the dollar are seen …
Japan lawmaker says yen undervalued, eyes steps to reverse outflows Read More »
PANAMA CITY (Reuters) – Panama has not authorized visits to First Quantum’s shuttered Cobre Panama mine, the country’s Ministry of Commerce and Industry said in a statement on Tuesday. “Any entry of third parties to those facilities has been managed unilaterally by the company, without the participation or endorsement of the National Government,” the ministry …
Panama has not authorized visits to the Cobre Panama copper mine Read More »
(Reuters) – GameStop said on Tuesday that its board has unanimously approved the addition of bitcoin as a treasury reserve asset. The decision echoes that of Strategy, the largest corporate holder of bitcoin, which in February dropped the word “Micro” from its name and unveiled a new logo, to emphasize its commitment to the cryptocurrency …
(Reuters) – Canada has frozen all rebate payments for Tesla and banned the electric-vehicle maker from future EV rebate programs, Transport Minister Chrystia Freeland said on Tuesday. No rebate payments will be made until each claim is individually investigated and determined to be valid, Freeland said in an emailed statement shared by her office. Freeland …
By Karl Plume CHICAGO (Reuters) -Archer-Daniels-Midland Co CEO Juan Luciano earned $21.6 million in 2024, down from $24.4 million the prior year, a securities filing on Tuesday showed, as the U.S. grains trader faced accounting problems and cost pressures that triggered layoffs and sent its shares plummeting. The Chicago-based company was forced to revise six …
ADM CEO’s 2024 compensation dips amid accounting issues, job cuts Read More »
