TAIPEI (Reuters) -Software problems are delaying the delivery to Taiwan of 66 advanced new F-16V fighter jets from the United States but the island still expects the full order to arrive by 2026, Defence Minister Chiu Kuo-cheng said on Thursday. The United States in 2019 approved an $8 billion sale of Lockheed Martin Corp F-16…
By Rosalba O’Brien (Reuters) – When Eric Gaillard first went to photograph the Cannes Film Festival in 1981, it was a smaller, more intimate affair – the kind of place where you could see the greats from Hollywood’s Golden Age like Lauren Bacall or Ava Gardner wandering alone on the esplanade or having fun on…
By David Shepardson (Reuters) – Ford Motor Co CEO Jim Farley said on Thursday Chinese electric vehicle makers are its main rivals in the sector, but the company has hurdles competing on cost at a smaller scale. “I think we see the Chinese as the main competitor, not GM or Toyota,” Farley said at the…
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Gap Inc on Thursday reported a surprise profit in the first quarter, and its shares jumped 16% in extended trading as the apparel retailer cited restructuring efforts and easing supply chain costs. U.S. companies are starting to see some relief from sky-high costs of freight and…
By Hyunjoo Jin, David Shepardson and Abhirup Roy (Reuters) -Ford Motor Co said on Thursday it has agreed with Tesla Inc to allow its electric vehicle owners to gain access to more than 12,000 Tesla Superchargers in North America in early 2024. The tie-up between the rivals makes Ford the first major automaker to embrace…
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street ended sharply higher on Thursday after a blowout forecast from Nvidia sent the chipmaker’s stock soaring and fueled a rally in AI-related companies, while investors watched for signs of progress in U.S. debt ceiling talks. Nvidia Corp soared 24% to a record high close after…
By David Lawder DETROIT (Reuters) – U.S. Trade Representative Katherine Tai on Thursday called on Asia Pacific Economic Cooperation (APEC) trade ministers to “think creatively” for solutions to overcome a host of challenges from fragile supply chains, a worsening climate crisis and growing inequality. Launching a two-day meeting of the ministers under a cloud of…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks could be poised to end a volatile and dramatic week on a strong note on Friday, especially tech, lifted by the Nasdaq’s best day in three weeks on Thursday and hope that U.S. lawmakers are close…
By Patricia Zengerle WASHINGTON (Reuters) – A Republican senator’s hold on military nominations will apply to Democratic President Joe Biden’s selection of Air Force chief General Charles Q. Brown as the country’s top military officer, who was chosen amid mounting U.S. concern over security threats from Russia and China. A spokesman for Senator Tommy Tuberville…
By Greg Bensinger (Reuters) -OpenAI, the startup behind the popular ChatGPT artificial intelligence chatbot, said Thursday it will award 10 equal grants from a fund of $1 million for experiments in democratic processes to determine how AI software should be governed to address bias and other factors. The $100,000 grants will go to recipients who…
