(Reuters) – Chip designer Nvidia closed Tuesday with a trillion-dollar market value for the first time, part of a steady climb in the stock’s price in recent months on the back of the artificial intelligence (AI) boom. Here’s an explainer on Nvidia and its role in powering the radical new technology. HOW BIG IS NVIDIA…
By Elvira Pollina and Mathieu Rosemain MILAN (Reuters) – Merger and acquisition speculation has lifted shares in MFE, the late Silvio Berlusconi’s TV business, following his death, but a number of obstacles stand in the way of any rapid deal. With a 19.8% MFE stake, Vivendi is widely seen as the natural buyer for MFE….
By Lidia Kelly and Andrew Osborn (Reuters) – Belarusian President Alexander Lukashenko has said his country has started taking delivery of Russian tactical nuclear weapons, some of which he said were three times more powerful than the atomic bombs the US dropped on Hiroshima and Nagasaki in 1945. The deployment is Moscow’s first move of…
NEW DELHI (Reuters) – Most G20 member nations are of the view that banking systems and regulations in their countries are steady, India’s chief economic advisor said on Wednesday. “Most country members who spoke expressed the view or the hope that their individual country regulations and banking systems were sound, and they don’t anticipate any…
By Amanda Cooper LONDON (Reuters) -The dollar hovered around multi-week lows against the euro and sterling on Wednesday, after unexpectedly soft U.S. inflation data cemented the view that the Federal Reserve will not raise interest rates later in the day. China’s yuan sagged to its weakest in over six months after the central bank cut…
By Richa Naidu LONDON (Reuters) – As a new European Union zero-tolerance deforestation law looms, several major investors told Reuters they are concerned about their exposure to the issue, with some saying they could quit consumer goods makers with “risky” supply chains. The EU agreed in December a new rule to prevent companies from selling…
(Reuters) – Vodafone and CK Hutchison unveiled the merger of their British operations, creating the country’s largest mobile operator. Hutchison will own 49% and Vodafone 51% of the combined group, which will be led by current Vodafone UK boss Ahmed Essam. Here are some details on UK operations of both the companies: CUSTOMERS Vodafone had…
By Frank Pingue (Reuters) -The Vegas Golden Knights hit the ultimate National Hockey League jackpot on Tuesday by crushing the visiting Florida Panthers 9-3 to win the Stanley Cup for the first time in the expansion franchise’s six-year history. With the victory, the Western Conference’s top-seeded Golden Knights closed out the best-of-seven championship series 4-1,…
By Tom Sims FRANKFURT (Reuters) – Climate activists on Wednesday targeted two of the globe’s biggest banks – Deutsche Bank and JPMorgan – for their fossil fuel investment policies with separate protests in Germany’s financial capital, Frankfurt. Greenpeace activists scaled Deutsche Bank’s headquarters shortly after dawn and strung up a large yellow banner to protest…
By Martin Coulter and Hakan Ersen (Reuters) -Hundreds of social media moderators in Germany – who remove harmful content from platforms such as Facebook and TikTok – are calling on lawmakers to improve their working conditions, citing tough targets and mental health issues. Cengiz Haksöz, who has worked as a content moderator at outsourcer TELUS…
