By David Shepardson (Reuters) -Kia said on Wednesday it will invest more than $200 million in its assembly plant in the U.S. state of Georgia to begin production of its electric EV9 SUV next year. The Korean automaker said the company will add about 200 jobs to build the three-row SUV alongside four other models…
By Diane Bartz WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) said on Wednesday it was appealing a federal judge’s ruling that Microsoft could go forward with its $69 billion purchase of “Call of Duty” maker Activision Blizzard. Microsoft’s victory in court on Tuesday, and a subsequent climbdown by Britain’s competition authority, brought the tech…
(This story has been refiled to remove the extraneous word ‘valuation’ in paragraph 1) By Abigail Summerville and Krystal Hu (Reuters) – Investment firm Wellington Management is in talks to lead a new funding round for Skims, which could value the underwear clothing company owned by Kim Kardashian at about $4 billion, according to people…
By James Pomfret and Jessie Pang (Reuters) -For Anna Kwok, a Washington-based Hong Kong activist, the imposition of a Hong Kong police bounty for her arrest has underscored the urgency of her bid for political asylum at a time of growing tensions between the United States and China. The Hong Kong native, who left the…
By Sheila Dang AUSTIN (Reuters) – Rapid advancements in artificial intelligence have the potential to exacerbate societal problems and even pose an existential threat to human life, increasing the need for global regulation, AI experts told the Reuters MOMENTUM conference this week. The explosion of generative AI – which can create text, photos and videos…
By James Pearson and Christopher Bing WASHINGTON/LONDON (Reuters) – Chinese state-linked hackers since May have secretly accessed email accounts at around 25 organizations, including at least two U.S. government agencies, Microsoft and U.S. officials said on Wednesday. The United States detected a breach of federal government accounts “fairly rapidly” and managed to prevent further breaches,…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets could not be in better spirits going into the latest South Korean interest rate decision and Chinese trade data on Thursday, thanks to the dollar’s slump and global market rally on Wednesday sparked…
By Steve Holland, Andrew Gray, John Irish and Sabine Siebold VILNIUS (Reuters) -President Joe Biden accused Russian President Vladimir Putin of having a “craven lust for land and power” at the end of a NATO summit on Wednesday where Ukraine won new security assurances from the U.S. and its allies for its defence against Moscow….
By Lisa Richwine and Danielle Broadway LOS ANGELES (Reuters) -HBO drama “Succession,” the story of a cutthroat fight for control of a family’s media empire, led the nominees for television’s Emmy awards on Wednesday with 27 nods for the show’s final season. Nominations for the highest honors in television were announced as Hollywood was in…
(Reuters) -Demand for power in Texas hit a record high on Wednesday as homes and business cranked up air conditioners during a lingering heatwave, according to data from the state’s power grid operator. ERCOT said power use reached a preliminary 81,351 megawatts (MW) at 6 p.m. CST (2300 GMT), topping the grid’s previous record of…
