Reuters US Business

By Promit Mukherjee OTTAWA (Reuters) -Canada’s annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month pushed prices higher amid an already broad-based increase, data showed on Tuesday. Higher-than-expected inflation highlights the difficult position Canada’s economy is in as …

Canada’s inflation jumps to eight-month high as sales tax break ends Read More »

By Jonathan Saul LONDON (Reuters) – The cost of shipping goods through the Red Sea is expected to remain firm after the United States carried out further airstrikes on Yemen on Monday, adding to fears of new attacks on ships by the Iran-aligned Houthis targeted by Washington, industry sources said. Responding to the Houthi movement’s …

Red Sea insurance rates to stay firm as US airstrikes raise fears for ships Read More »

BEIJING/SHANGHAI (Reuters) – China’s Xiaomi on Tuesday reported an almost 50% jump in fourth-quarter revenue, beating analyst estimates, and raised its target for electric vehicle deliveries this year to 350,000 from 300,000. The world’s third-largest smartphone maker, whose product lines extend to home appliances and cars, also said it planned to expand its store network …

Xiaomi raises EV sales target, plans new overseas stores as Q4 revenue jumps Read More »

-Alphabet will buy cybersecurity startup Wiz for $32 billion, in a deal that represents the Google parent’s biggest acquisition ever. The deal value is much higher than the roughly $23 billion Google had offered for Wiz last year before antitrust worries forced the startup to shelve the deal. Here’s a look at the Google parent’s …

Factbox-Google parent Alphabet’s biggest ever buyouts Read More »

By Krystal Hu and Zaheer Kachwala (Reuters) -Google-parent Alphabet is in advanced negotiations to buy Israeli cybersecurity company Wiz with an offer of more than $30 billion, according to a source familiar with the matter, marking its largest potential acquisition to date. Alphabet’s latest offer is higher by roughly a third of the $23 billion …

Alphabet back in talks to buy Israel’s Wiz for over $30 billion, source says Read More »