Microsoft developing its own AI chip – The Information
(Reuters) – Microsoft Corp is developing its own artificial intelligence chip code-named “Athena” that will power the technology behind AI…
Economy
Russian central bank official sees 2023 growth close to 1%
MOSCOW (Reuters) – Russia’s economic growth this year is likely to come in at the top end of the central…
BNY Mellon beats profit estimates as higher rates boost interest income
(Reuters) – Bank of New York Mellon Corp beat first-quarter profit estimates on Tuesday, benefiting from the Federal Reserve’s rate…
Exclusive-Fed’s Bullard discounts recession talk, favors more rate hikes
By Howard Schneider ST. LOUIS (Reuters) – The U.S. central bank should continue raising interest rates on the back of…
Lordstown Motors resumes production, deliveries after snafu
(Reuters) – Electric-vehicle company Lordstown Motors Corp said on Tuesday production and deliveries of its Endurance electric pick-up truck resumed…
Norway wealth fund positive on unlisted equity review
By Gwladys Fouche and Victoria Klesty OSLO (Reuters) – Norway’s $1.4 trillion sovereign wealth fund on Tuesday welcomed a government…
Former Latham M&A co-chair Gerstein joins PJT Partners
By Anirban Sen NEW YORK (Reuters) – Mark Gerstein, a veteran dealmaker who stepped down from law firm Latham &…
Volkswagen to launch 1-billion euro electric vehicle R&D, procurement centre in China
BERLIN/SHANGHAI (Reuters) – Volkswagen is investing around 1 billion euros ($1.10 billion) in a new development and procurement centre for…
Czech government must dig deeper with budget consolidation – watchdog
By Robert Muller PRAGUE (Reuters) – The Czech government needs to dig deeper than it plans to shore up the…
Strong UK pay growth boosts chance of Bank of England rate rise
By David Milliken LONDON (Reuters) -British wages rose faster than anticipated last month, in a move that economists judge may…