By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service it made widely available this week, an executive said Tuesday. In an interview with Reuters at a semiconductor conference in San Francisco,…
By Phil Stewart and Patricia Zengerle WASHINGTON (Reuters) -President Joe Biden’s nominee to become the top U.S. general warned on Tuesday that a Republican senator’s blockade of military promotions could have a far-reaching impact across the U.S. armed forces, affecting troops and their families. “We will lose talent,” General Charles “CQ” Brown, the outgoing Air…
By Echo Wang NEW YORK (Reuters) -ByteDance, the Chinese owner of short video app TikTok, will allow shares owned by U.S. employees to vest without waiting for the company to list in the stock market, thereby letting them cash out, according to people familiar with the matter. The move is aimed at appeasing restless employees…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The mood across Asia at the midpoint of the week is increasingly upbeat, as a growing consensus that the U.S. central bank is near the end of its policy tightening cycle continues to weigh on…
By Valerie Volcovici and Kanishka Singh WASHINGTON (Reuters) – U.S. climate envoy John Kerry on Monday will become the Biden administration’s third senior official to visit China in recent weeks after trips by Treasury Secretary Janet Yellen and Secretary of State Antony Blinken. A U.S. official said on Tuesday that Kerry would visit from Monday…
By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers asked the Milwaukee Tool unit of Hong Kong-based Techtronic Industries to examine whether its products had links to forced labor, citing a recent media report that some were made by Chinese prisoners. In a letter sent Tuesday and signed by Republican Representative…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar declined to a two-month low against a major currency index on Tuesday after Federal Reserve officials signaled that the U.S. central bank is near the end of its tightening cycle, while sterling hit a 15-month high after pay growth exceeded expectations. Against the yen, the dollar…
By Lawrence Delevingne and Amanda Cooper (Reuters) -Global shares rose and the dollar pulled back on Tuesday, a day ahead of U.S. inflation data that could warrant a quicker end to Federal Reserve rate hikes, while the prospect of China propping up growth helped to lift oil and other commodities. Wall Street posted gains across…
By Steve Holland and Justyna Pawlak VILNIUS (Reuters) -U.S. President Joe Biden’s administration will move ahead with the transfer of F-16 fighter jets to Turkey in consultation with Congress, national security adviser Jake Sullivan said on Tuesday, a day after Ankara gave the green light for Sweden to join NATO. Turkey, which had been the…
By Nelson Acosta HAVANA (Reuters) -Cuban authorities on Tuesday said the U.S. recently had a nuclear-powered submarine at its military base at Guantanamo Bay and called the action a “provocative escalation” of tensions weeks after Washington alleged that there was a Chinese spy base on the island. “The presence of a nuclear submarine there at…
