By Stephen Nellis SAN FRANCISCO (Reuters) – Amazon Web Services, the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters. The remarks came during an AMD event where the chip company outlined its strategy…
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months on Thursday, after it lowered two key short-term policy rates, a Reuters poll showed. The People’s Bank of China (PBOC) cut its seven-day reverse repo rate and standing lending facility…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand needs to keep increasing the supply of houses to address housing affordability, which is still a concern, the International Monetary Fund said on Wednesday, adding that land should be freed up to promote investment. “The cyclical downturn in (house) prices does not imply that the structural housing…
By Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Tuesday denounced racism in the United States and said the Juneteenth holiday was meant to help underscore American values that he said were under threat. Speaking at the White House’s first big Juneteenth celebration, a concert that featured performances by singers Jennifer Hudson,…
By Sarah N. Lynch (Reuters) – Former U.S. President Donald Trump has become the most high-profile person ever to face criminal charges under the Espionage Act for the unlawful retention of sensitive national defense records. In all, Trump faces 37 criminal counts, 31 of which relate to secret or top secret classified documents. He is…
TOKYO (Reuters) – Toyota Motor shareholders gather on Wednesday for the Japanese automaker’s first annual general meeting (AGM) under new CEO Koji Sato, a day after the firm announced a roadmap for solid-state batteries and other electric vehicle (EV) tech. The roadmap could help the world’s top-selling automaker make its case to investors at the…
By Melanie Burton MELBOURNE (Reuters) – Australian lender ANZ Group is looking at opportunities to invest more in the critical minerals sector as part of its efforts to support decarbonisation and has recently backed its first stand-alone lithium deal, an executive said on Wednesday. ANZ has traditionally supported long-life, low-risk mine projects for Australia’s staple…
By Daniel Leussink TOYOTA CITY, Japan (Reuters) -Shareholders of Japan’s Toyota were set to vote for an unprecedented resolution on the automaker’s climate lobbying at an annual general (AGM) meeting on Wednesday, a day after it announced a radical roadmap for electric vehicle (EV) tech. The roadmap amounted to a strong signal to investors that…
(Reuters) -Tesla Inc slightly increased the price of its Model Y electric vehicle in the United States on Tuesday, according to its website. The company increased the price of the variant by a mere $250, bringing it to $47,740, the website showed, while the prices for the other variants remained unchanged in the U.S. This…
SEOUL (Reuters) – South Korea’s jobless rate fell in May to a record low, official data showed on Wednesday, indicating a still robust labour market although conditions were softer in the manufacturing sector amid slowing economic growth. The employment report provides a brighter backdrop to the country as it navigates external challenges from tighter monetary…
