(Reuters) -China’s Huawei Technologies is preparing to test its newest and most powerful artificial-intelligence processor, hoping to replace some higher-end products of U.S. chip giant Nvidia, the Wall Street Journal reported on Sunday. Huawei has approached some Chinese tech companies about testing the technical feasibility of the new chip, called the Ascend 910D, the report…
By Matt Spetalnick, John Geddie, Lili Bayer WASHINGTON/TOKYO/BRUSSELS (Reuters) -He has launched an unprecedented global tariff war and slashed U.S. foreign aid. He has disparaged NATO allies and embraced Russia’s narrative about its invasion of Ukraine. And he has spoken about annexing Greenland, retaking the Panama Canal and making Canada the 51st state. In the…
(Reuters) -T-Mobile’s prepaid unit unveiled four new plans on Tuesday that provide a five-year price guarantee and monthly charges as low as $25 per line, as the company seeks to shield its market share from competition amid economic uncertainty. WHY IT’S IMPORTANTThe launch by T-Mobile’s unit, Metro, comes at a time when consumers are becoming…
By Rajesh Kumar Singh CHICAGO (Reuters) -GE Aerospace CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Civil Aircraft Agreement when he met with U.S. President Donald Trump. In an interview with Reuters, Culp said the company’s position was “understood” by the administration, adding that…
COPENHAGEN (Reuters) – Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday. Countries bordering the Baltic Sea are on high alert after a number of outages of power cables, telecom…
By Ashitha Shivaprasad and Anjana Anil (Reuters) -Gold’s remarkable run higher is reaching new heights, with the market touching $3,500 per ounce as confidence in the U.S. economy further erodes after President Donald Trump’s renewed attack on the Federal Reserve chair. Spot gold was trading around $3,428 per ounce by 1417 GMT, after hitting a record $3,500.05…
(Reuters) -India’s competition regulator said on Monday it has approved the settlement proposal of Alphabet’s Google in the Android TV case, under which it had charged the company over anticompetitive practices. The Competition Commission of India had said the U.S. tech giant abused its Android operating system’s position in the smart television market in the…
By Sheila Dang HOUSTON (Reuters) -Chevron has started oil and gas production from a project in the U.S. Gulf of Mexico, the oil major said on Monday, bringing the company a step closer toward its goal of growing production from the ocean basin by 50% this year. The $1.6 billion project called Ballymore, located about…
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds last week dumped the so-called Magnificent Seven megacap stocks, bringing their exposure to the group to a two-year low just ahead of their earnings, according to a Morgan Stanley note to clients seen by Reuters. The bank said the Magnificent Seven stocks accounted for more than…
(Reuters) -Wall Street’s main indexes each slid to more than one-week lows on Monday after U.S. President Donald Trump doubled down on attacks against Federal Reserve Chair Jerome Powell, amplifying concerns about the central bank’s autonomy and rattling markets. Trump repeated his criticism of Powell, saying in a Truth Social post that the economy could…
