By Alexandra Alper WASHINGTON (Reuters) – U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments to the blacklisted company, a draft report by a government contractor shows. The Biden administration has been considering limiting the items it authorizes…
(Reuters) – The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper. The Biden administration’s work on the new rules would in practice largely deal…
(Reuters) – Italy is close to granting preliminary approval to a multibillion-euro offer by state lender CDP and Macquarie Group for Telecom Italia’s landline network, Bloomberg News reported on Saturday citing people familiar with the matter. Acceptance of the bid by CDP and Australia’s Macquarie could be announced this month, the report said, adding that…
By Luc Cohen NEW YORK (Reuters) – U.S. prosecutors on Friday urged a judge to sentence former Goldman Sachs banker Roger Ng to 15 years in prison after he was convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund. A jury in Brooklyn federal court had last April found Ng, Goldman’s…
By Kanishka Singh WASHINGTON (Reuters) -Google on Friday released an audit that examined how its policies and services impacted civil rights, and recommended the tech giant take steps to tackle misinformation and hate speech, following pressure by advocates to hold such a review. The disclosure by the company came after the Washington Post reported earlier…
By Hannah Lang and Akriti Sharma (Reuters) – Silvergate Capital Corp said on Friday it made a “risk-based decision” to discontinue the Silvergate Exchange Network, its crypto payments network, two days after the digital asset-focused bank raised doubts about its viability. “Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange…
By Stephen Culp NEW YORK (Reuters) – Wall Street rallied on Friday to end a volatile week, as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will have to keep its restrictive policy in place until late in the year. All three major U.S. stock…
(Reuters) – Bitcoin dropped 5.2% to $22,253 at 2204 GMT on Friday, losing $1,213 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 11.9% from the year’s high of $25,270 on Feb. 16. Ether, the coin linked to the ethereum blockchain network, dropped 5.3% to $1,560.9 on Friday, losing $87.1 from…
(Reuters) -Apple Inc’s top executive Michael Abbott, who is in charge of cloud services, is leaving the company in April, Bloomberg News reported on Friday citing people familiar with the matter. The iPhone maker did not immediately respond to a Reuters request for comment. Abbott, who joined Apple in 2018, heads the iCloud service and…
(Corrects paragraph 1 and headline to show the production target is a possibility) (Reuters) -Electric-vehicle maker Rivian Automotive Inc told staff that producing 62,000 units this year is possible, Bloomberg News reported on Friday, citing people familiar with the matter. Earlier this week, Rivian said it aimed to produce 50,000 cars this year, compared with…
