By Diane Bartz WASHINGTON (Reuters) -The judge hearing the U.S. Federal Trade Commission’s fight against Microsoft’s planned purchase of “Call of Duty” maker Activision Blizzard on Thursday pressed government lawyers about the data behind their arguments and asked why there was so much fuss over “a shooter video game.” The Federal Trade Commission has asked…
SANTIAGO (Reuters) – An electrical accident at Codelco’s El Teniente mine in central Chile, the company’s largest copper mine, left one dead, the state-owned mining giant said in a statement on Thursday. Codelco said the accident happened at the mine’s Andes Norte expansion project at about 3 p.m. (1900 GMT) when Osvaldo Bustamante Frias, a…
By Heekyong Yang and Ju-min Park SEOUL (Reuters) – A South Korean chip executive imprisoned over industrial espionage charges rejected allegations he had sought to build a copycat chip factory in China with sensitive information developed by Samsung Electronics. In a handwritten letter to Reuters, his first comments to media since he was detained on…
WASHINGTON (Reuters) – U.S. Senator Michael Bennet, a Democrat who is active in artificial-intelligence issues, wrote to leading tech firms on Thursday to urge them to label AI-generated content and limit the spread of material aimed at misleading users. In the letter to the chief executives of OpenAI, which released ChatGPT, and its partner Microsoft…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – The Dow and the S&P 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve’s annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank. Stronger than expected economic data pushed…
TOKYO (Reuters) – Japan’s jobless rate was flat at 2.6% in May from the previous month, government data showed on Friday. The seasonally adjusted unemployment rate also matched economists’ median forecast of 2.6% in a Reuters poll. The jobs-to-applicants ratio slipped to 1.31 from 1.32 in April, separate labour ministry data showed. For a table…
(Reuters) – Circor International said on Thursday that KKR & Co had raised its offer for the industrial machinery maker by $5 to $56 per share in cash, as the investment firm looks to fend off a rival bid from Arcline Investment Management. The new offer includes a ticking fee of $1 per share if…
By Manya Saini and Chibuike Oguh (Reuters) – U.S. bank stocks rose on Thursday after the Federal Reserve’s annual health checks showed lenders could weather an economic slump, easing investor fears after Silicon Valley Bank and two other lenders failed this year. But analysts remained skeptical the strong performance would lead to bigger dividends and…
By Karen Freifeld (Reuters) -The United States and the Netherlands are set to deliver a one-two punch to China’s chipmakers this summer by further restricting sales of chipmaking equipment, part of the countries’ ongoing effort to prevent their technology from being used to strengthen China’s military. While the Dutch are planning to curb certain equipment…
(Reuters) -Paysafe Payment Solutions, Binance’s European banking partner, said on Thursday it will cease offering its embedded wallet solution to the U.S. cryptocurrency exchange across the European Economic Area (EEA) from Sept. 25. “Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few…
