(Reuters) – Rogers Communications Inc said on Sunday it will invest C$10 billion ($7.74 billion) over the next three years in Artificial Intelligence (AI), and more testing and oversight, just weeks after the company reported network issues that caused widespread disruptions across the country. Chief Executive Officer Tony Staffieri said the Canadian telecom operator has…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and acknowledged there was the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC’s “Meet the Press”, said strong U.S. hiring numbers and consumer spending showed the U.S. economy is not…
By Elizabeth Piper and Mathieu Rosemain LONDON/PARIS (Reuters) -French satellite company Eutelsat is poised to buy British rival OneWeb in a deal that could be announced as early as Monday, two sources close to the negotiations said on Sunday. OneWeb was valued at $3.4 billion in its most recent funding round, one of the sources…
LONDON/PARIS (Reuters) – French satellite company Eutelsat is poised to buy British rival OneWeb in a deal that could be announced as early as Monday, two sources close to the negotiations said on Sunday. The combination of the two companies would strengthen their position in the race to build a constellation of low-orbit satellites, challenging…
TUNIS (Reuters) – Public finances are under strain and prices are soaring in Tunisia, presenting big economic challenges to President Kais Saied as he plans to overhaul the political system in a constitutional referendum on Monday. Here are some of the troubles affecting the economy, which was hit particularly hard by the COVID-19 pandemic due…
ZURICH (Reuters) – Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources. “The numbers are catastrophic,” an unnamed senior banker told the newspaper, adding that staff morale is very low. Managers and the board of directors are…
By RachnaManojkumar Dhanrajani and Lisa Baertlein (Reuters) – Independent truckers who have been protesting at California’s busy Oakland seaport over the past week against a new state law known as the “gig-worker” law took a break on Saturday, when the port business slowed to a crawl. But some truckers said protests may resume on Monday…
BUENOS AIRES (Reuters) – Argentina’s newly appointed economy minister Silvina Batakis will meet on Monday with the head of the International Monetary Fund in Washington, the government said, as Argentina’s economy struggles with spiraling inflation. Argentina is the IMF’s largest debtor with a $44 billion program that was approved by the board in late March….
SHANGHAI (Reuters) – China’s homegrown C919 narrow-body jet, designed to challenge the Airbus-Boeing duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company said on Saturday. The state-owned manufacturer Commercial Aircraft Corp of China (COMAC) said on its official social media account that the six test planes have…
By Mathieu Rosemain and Aislinn Laing PARIS/MADRID (Reuters) – Orange and MasMovil have signed a binding agreement to combine operations in Spain in a deal valuing the merged entity at close to $19 billion, the two telecoms firms said in a statement on Saturday. The merger creates a heavyweight spanning mobile and broadband, posing a…
