JERUSALEM (Reuters) – OpenAI is considering investment opportunities in Israel, Microsoft Israel R&D center quoted the company’s CEO, Sam Altman, as saying during a visit to the country on Monday. Microsoft, an OpenAI backer, hosted Altman at its Israel headquarters. (This story has been refiled to add a more specific attribution from Microsoft in paragraph…
By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court has delivered the latest in a series of rulings undercutting organized labor, with some legal experts predicting that the decision will make unions that engage in strikes more vulnerable to lawsuits while others see a more modest impact. An 8-1 ruling on Thursday authored by…
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022…
By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment. In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan’s ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card…
RIYADH (Reuters) – Venezuelan President Nicolas Maduro arrived in Saudi Arabia on Monday, state media reported, as the kingdom continues to expand its diplomatic outreach beyond traditional Western alliances. Maduro was received at the airport of the Saudi Red Sea city of Jeddah by Deputy Governor of Mecca region Prince Badr bin Sultan and other…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets retained a warm afterglow from Friday’s shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia’s output cut clouding the picture. A forecast-busting May payrolls gain, coupled with signs of cooling wage growth, provided…
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Monday that revenue in May fell 9.5% year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$450.7…
By Shristi Achar A and Johann M Cherian (Reuters) – Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to private equity players flush with unspent funds of nearly a trillion dollars. Central banks have been battling high prices by hiking borrowing costs for…
(Reuters) – California’s attorney general is investigating whether the government of the state of Florida played any role in sending more than a dozen migrants to the California capital of Sacramento without advance notice. Representatives of Florida Governor Ron DeSantis did not immediately respond on Sunday to a request for comment. DeSantis last year arranged…
By Trevor Hunnicutt WASHINGTON (Reuters) -President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default with just two days to spare. The House of Representatives and the Senate passed the legislation this week after Biden and House of Representatives Speaker…
