By Liangping Gao, Ellen Zhang and Kevin Yao BEIJING (Reuters) – China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich. Whether the world’s second-largest economy chugs ahead at 3-4% annually or flirts, as some economists expect, with Japan-like “lost decades” of stagnation, it looks set…
By Anna Tong and Jeffrey Dastin Around a decade after virtual assistants like Siri and Alexa burst onto the scene, a new wave of AI helpers with greater autonomy is raising the stakes, powered by the latest version of the technology behind ChatGPT and its rivals. Experimental systems that run on GPT-4 or similar models…
By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission is considering its options after stinging losses last week in its bid to stop Microsoft’s $69 billion deal to buy Activision, a source told Reuters on Monday amid expectations the agency’s fight is nearing the end. After two court losses last week, the agency’s…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway sold 70% of its investment in Activision Blizzard in the second quarter, appearing to miss out on some gains when a federal judge said Microsoft can complete its $68.7 billion purchase of the video game maker. In a regulatory filing on Monday, Berkshire said it owned…
By Philip Pullella and Costas Pitas VATICAN CITY (Reuters) – Italian Cardinal Matteo Zuppi, assigned by Pope Francis to help bring peace to Ukraine, will discuss repatriating children who Kyiv and others say have been deported by Russia with U.S. President Joe Biden in Washington as part of a three-day visit. Zuppi will meet Biden…
By Jorge Garcia and Brad Brooks DEATH VALLEY, California (Reuters) – An extreme heatwave peaked in the western United States on Sunday, with temperatures reaching 128 Fahrenheit (53 Celsius) in the California desert, while flash flooding continued to menace the Northeast, killing at least five people. Nearly a quarter of the U.S. population fell under…
By Rachel Nostrant (Reuters) – Three years after the police killing of George Floyd in Minneapolis and a month after federal investigators found widespread racial discrimination by city law enforcement officers, a Minnesota judge has approved a reform agreement between the state human rights department and the city’s police. The agreement approved July 13 by…
By Mike Scarcella (Reuters) – Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating U.S. antitrust law in its dealings with clothing manufacturers, escalating a legal clash for dominance in the fast-fashion market. Temu, represented by prominent U.S. law firm Boies Schiller Flexner, filed the new case on Friday in Boston…
By Michael S. Derby (Reuters) – Americans are increasingly getting shot down when they seek out loans, new data from the New York Fed, released Monday, said. The bank reported that in June, across a number of fronts, credit was the hardest to get in years, with fewer people seeking out loans, at least for…
By Samrhitha A (Reuters) – Netflix investors will assess risks from the ongoing strike in Hollywood when the company reports quarterly results on Wednesday, but analysts said it was well positioned due to its solid pipeline of shows and international production crew. Striking Hollywood actors have joined film and television writers on picket lines, forcing…
