BEIJING (Reuters) – Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country. “We hope to continue to cooperate with China,” Huang said in a meeting with Ren Hongbin, head of the…
BEIJING (Reuters) -China’s shipbuilders on Saturday blasted as “short-sighted” U.S. port fees announced by President Donald Trump’s administration on China-linked ships, a measure aimed at the nation’s shipbuilding industry. Trump signed an order on Wednesday aimed at reviving U.S. shipbuilding and reducing China’s grip on the global shipping industry. His government the next day watered…
(Reuters) -Russian President Vladimir Putin declared a unilateral Easter ceasefire in Ukraine, ordering his forces to end hostilities at 6 p.m. Moscow time (1500 GMT) on Saturday until the end of Sunday. President Volodymyr Zelenskiy said Ukrainian air defence units were repelling an attack by Russian drones on Saturday, saying that showed true Moscow’s attitude…
(Reuters) -Alphabet’s Google plans to appeal against the “adverse” portion of the court decision in the U.S. Department of Justice’s monopoly case against the technology giant. On Thursday U.S. District Judge Leonie Brinkema found Google liable for “willfully acquiring and maintaining monopoly power” in markets for publisher ad servers and ad exchanges. Publisher ad servers…
MOSCOW (Reuters) – Iran believes reaching an agreement on its nuclear programme with the United States is possible as long as Washington is realistic, Foreign Minister Abbas Araqchi said on Friday on the eve of a second round of talks with the Trump administration. “If they demonstrate seriousness of intent and do not make unrealistic…
By Che Pan and Brenda Goh BEIJING (Reuters) -Apple’s shipments of smartphones in China slumped 9% in the first quarter from a year earlier and it was the only major manufacturer to see a decline, according to data from research firm IDC. Apple, which ranks fifth in China’s smartphone market, saw shipments fall to 9.8…
By Chris Prentice and Saeed Azhar NEW YORK (Reuters) -U.S. banking regulators said on Friday they approved Capital One’s $35.3 billion purchase of Discover Financial Services , paving the way for the combined firms to become the nation’s eighth-largest bank. The deal has been closely watched by financial executives, who see it as a litmus…
(Reuters) -Caterpillar said on Tuesday that Chief Operating Officer Joe Creed would succeed Jim Umpleby as CEO, a move that comes as the construction equipment maker braces for an economic downturn brought on by President Donald Trump’s tariffs. Umpleby, who has been with the company for more than four decades, held the top job for…
By Tatiana Bautzer and Arasu Kannagi Basil NEW YORK (Reuters) – Citigroup beat Wall Street estimates for first-quarter profit on Tuesday as its traders reaped a windfall from volatile markets that fueled client activity. The third-largest U.S. lender’s earnings echoed those of Wall Street rivals, including JPMorgan Chase, Bank of America, and Morgan Stanley, whose…
(Reuters) – Barclays on Tuesday downgraded U.S. autos and mobility sector to “negative” from “neutral”, warning that President Donald Trump’s tariffs could pressure automakers’ earnings and curb investments. The comments echo those cited by Goldman Sachs last week, when the U.S. brokerage cut its estimate for automobile sales in the country for this year by…
