(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…
By Phil Stewart and David Brunnstrom WASHINGTON (Reuters) -China’s ambassador to the United States held a rare meeting at the Pentagon on Wednesday with the top U.S. defense official for Asia, the Pentagon said, in talks that followed U.S. criticism of Chinese reluctance to engage in military communications. A brief Pentagon statement said Chinese Ambassador…
By Foo Yun Chee BRUSSELS (Reuters) – Facebook owner Meta will contest EU antitrust charges at a closed hearing on Thursday in a bid to stave off a possible hefty fine after regulators charged it with tying its classified advertisements service to its social network, people familiar with the matter said. The European Commission sent…
