By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden will meet Chinese President Xi Jinping face-to-face for the first time in a year on Wednesday, the White House said, in high-stakes diplomacy aimed at curbing tensions between the world’s two superpowers. The closely watched interaction, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in…
By David Morgan WASHINGTON (Reuters) -U.S. House of Representatives Republicans aim to release a stopgap measure to avert a partial government shutdown on Saturday, the morning after the Moody’s credit agency lowered its outlook on the government’s credit ratings to “negative.” A knowledgeable source, who spoke on condition of anonymity, said plans for the release…
By Krystal Hu (Reuters) – Alphabet’s Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast growing artificial intelligence chatbot startup seeks capital to train models and keep up with user demand, two sources briefed on the matter told Reuters. The investment, which could be structured as convertible notes,…
By James Pearson LONDON (Reuters) -Internal data from Boeing, one of the world’s largest defence and space contractors, was published online on Friday by Lockbit, a cybercrime gang which extorts its victims by stealing and releasing data unless a ransom is paid. The hackers in October said they had obtained “a tremendous amount” of sensitive data…
(This Nov. 9 story has been corrected to say Avery Klemmer is an investor, not a partner, in paragraph 7) By Krystal Hu (Reuters) – OpenAI’s announcement on artificial intelligence “apps” do not spell the death knell for nascent startups building AI products, two OpenAI investors said at a Reuters NEXT conference on Thursday. Investors…
By Brijesh Patel and Ashitha Shivaprasad (Reuters) – Palladium prices have tumbled to five-year lows below $1,000 an ounce this week, hastening a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper platinum for their autocatalysts. Prices of the metal, used by automakers in engine exhausts…
By Suzanne McGee (Reuters) -Asset management giant BlackRock registered to create an ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest digital token. BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Nasdaq also filed a proposal on Thursday to list…
By Ann Saphir (Reuters) -Richmond Federal Reserve Bank President Thomas Barkin on Thursday said that while there’s been “real progress” on inflation, he is still unsure if the U.S. central bank will need to push its policy rate higher to finish the job. “I do anticipate some sort of a slowdown, as I just have…
By Foo Yun Chee and Bart H. Meijer LUXEMBOURG (Reuters) -An EU tribunal made legal errors when it ruled in favour of Apple over a 13-billion-euro ($14 billion) tax order and should review the case again, an adviser to Europe’s top court said on Thursday, in a potential setback for the iPhone maker. The tax…
By Maggie Fick and Ludwig Burger LONDON (Reuters) -Eli Lilly on Thursday said it has not yet gained approval in Britain for the injection pen it plans to use for its Mounjaro drug against obesity and diabetes, adding to uncertainty over timing of the product’s launch. The drug itself was cleared for weight loss by…
