By Anirban Sen NEW YORK (Reuters) – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, according to people familiar with the matter. Details of the transaction will be unveiled on Monday…
GENEVA (Reuters) – Sea levels in the South-West Pacific are rising faster than the global average, threatening low-lying islands while heat damages marine ecosystems, the U.N. meteorological agency said on Friday. In its State of the Climate in the South-West Pacific 2022 report, the World Meteorological Organization (WMO) said water levels were rising about 4…
By Pablo Mayo Cerqueiro LONDON (Reuters) – Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said, as investors boost exposure to the asset class. The company established the Allianz Global Diversified…
By Diane Bartz WASHINGTON (Reuters) – The California attorney general’s office is probing whether Kroger’s $24.6 billion plan to buy rival grocer Albertsons will make it harder for people in poorer parts of cities or rural areas to buy medicines, according to two people familiar with the review. Food deserts, which are better known, are…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday ruled that former President Donald Trump had filed a “frivolous” appeal of his decision not to dismiss the first of writer E. Jean Carroll’s two defamation lawsuits stemming from her claim that he raped her. U.S. District Judge Lewis Kaplan in Manhattan also denied…
By Shashwat Chauhan and Ankika Biswas (Reuters) -European shares sank to their lowest level in six weeks on Friday, dragged down by financials and healthcare as concern over interest rates staying higher for longer globally and China’s dwindling growth prospects hit investor sentiment. The pan-European STOXX 600 closed 0.6% lower, falling for the fourth straight…
By Richa Naidu and Martin Coulter LONDON (Reuters) – Some of the world’s biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say. But many companies remain wary of security and copyright risks as well…
By Bianca Flowers and Shivansh Tiwary (Reuters) -Deere & Co breezed past Wall Street estimates for third-quarter profit on Friday and raised its full-year guidance, but investor concerns over slower sales going forward sent shares down as much as 5%. The Moline, Illinois-based company posted a 60% rise in quarterly profit, yet investors were seemingly…
MOSCOW (Reuters) -A Ukrainian drone smashed into a building in central Moscow on Friday after Russian air defences shot it down, disrupting air traffic at all the civilian airports of the Russian capital, Russian officials said. A Reuters witness who was in the area described hearing “a powerful explosion”. Reuters images showed workers and emergency…
By Will Dunham WASHINGTON – Former U.S. Senator James Buckley, a premier conservative voice in Washington in the 1970s who successfully challenged limits on spending by political candidates while championing student privacy rights, died on Friday in Washington at age 100, the Washington Post reported. His son Peter Buckley confirmed the death but did not…
