By Max A. Cherney (Reuters) – Nvidia’s supremacy in building computer chips for artificial intelligence has chilled venture funding for would-be rivals, investors said, with the number of U.S. deals this quarter falling 80% from a year ago. The Santa Clara, California company dominates the market for chips that work with massive amounts of language…
By Nathan Gomes (Reuters) -The United Auto Workers (UAW) union expects to go on strike against the Detroit Three automakers later this week if no agreement is reached over new contracts, setting the stage for one of the largest worker actions this year. The current contracts at General Motors, Ford and Chrysler parent Stellantis are…
The United States and Saudi Arabia are proactively engaging in collaborative discussions to harness vital metals from Africa. These metals will play a significant role in bolstering their energy transitions, as per insights shared by informed sources. This collaborative initiative involves a Saudi state-supported venture strategically investing in mining assets, estimated to be worth $15…
By Nandita Bose and Trevor Hunnicutt HANOI (Reuters) – U.S. President Joe Biden said on Sunday he held his highest level talks with Chinese leadership in months, adding that Beijing’s economic wobbles would not lead it to invade Taiwan. Biden said he met with Chinese President Xi Jinping’s No.2, Chinese Premier Li Qiang, at the…
By Nandita Bose, Francesco Guarascio and Trevor Hunnicutt HANOI/WASHINGTON (Reuters) -U.S. President Joe Biden on Sunday secured deals with Vietnam on semiconductors and minerals as the strategic Southeast Asian nation lifted Washington to Hanoi’s highest diplomatic status alongside China and Russia. The U.S. has been pushing for the upgrade for months as it sees the…
By Nandita Bose, Sarita Chaganti Singh and Katya Golubkova NEW DELHI (Reuters) – The Group of 20 adopted a consensus declaration at a summit on Saturday that avoided condemning Russia for the war in Ukraine but called on all states not to use force to grab territory. Indian Prime Minister Narendra Modi announced that the…
By Dawn Chmielewski (Reuters) – Football fans will be the next biggest losers if an epic battle between Walt Disney and Charter Communications fails to settle before the kickoff of Monday Night Football next week. ESPN and other Disney channels disappeared from Charter’s Spectrum cable service on Aug. 31, as contract negotiations reached an impasse….
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Top U.S. semiconductors and digital companies including Intel, GlobalFoundries and Google are expected to attend a business meeting on Monday in Hanoi as President Joe Biden visits Vietnam to boost ties, two people familiar with the plan said. The meeting, which is still being arranged, would…
By Brenda Goh and Ben Blanchard SHANGHAI/TAIPEI (Reuters) -China’s widening curbs on iPhone use by government staff intensified a sell-off in global tech stocks on Friday on fears Apple and its suppliers could take a hit from rising Sino-U.S. tensions and growing competition from Huawei. Apple shares tumbled 6.4% in the previous two days, wiping…
By David Morgan WASHINGTON (Reuters) -The U.S. House of Representatives is scheduled to consider fiscal 2024 defense spending legislation next week, Majority Leader Steve Scalise said on Friday. The Republican-controlled House, which returns to Washington on Tuesday from its August recess, will consider an appropriations bill covering defense spending, according to Scalise’s weekly floor schedule….
