By Shashwat Chauhan and Purvi Agarwal (Reuters) – Latin American markets soared on Wednesday, with Mexico’s peso regaining more of its tariff-driven losses as investors hoped for some relief from U.S. tariffs, while a weaker dollar also provided a lift. In the latest move, U.S. President Donald Trump said he would exempt automakers from the…
(Reuters) – Elon Musk’s satellite company SpaceX said Wednesday its Starlink unit has no intent to take over any Federal Communications Commission telecommunications contract, rejecting media reports. “Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to ‘take over’ any existing contract,” SpaceX wrote on X….
By David Shepardson WASHINGTON (Reuters) -Billionaire Elon Musk, who is advising President Donald Trump on plans to radically shrink the U.S. government said Wednesday that the U.S. Postal Service and passenger railroad Amtrak should be privatized. “I think logically we should privatize anything that can reasonably be privatized,” Musk said at a Morgan Stanley conference….
By AJ Vicens and Raphael Satter DETROIT (Reuters) – U.S. authorities have in recent weeks begun releasing seized Chinese-made equipment used for cryptocurrency mining, two industry executives told Reuters. Cryptocurrency miners – basically souped-up computers with advanced chips – compete with one another to solve mathematical puzzles, a process which helps build the blockchains underpinning…
By Medha Singh and Kanchana Chakravarty (Reuters) -Shares of U.S. companies have come under pressure from the latest escalation in Washington’s trade war, with the newest tariffs on Canada and Mexico expected to hit earnings in several sectors, including automakers, retailers and raw materials. President Donald Trump imposed 25% tariffs on imports from Mexico and…
(Reuters) -Amazon’s cloud services provider, Amazon Web Services, will invest about $8.2 billion in India’s western state of Maharashtra over the next few years, the information technology ministry said on Monday. India has been stepping up its efforts to pilot local cloud data storage. According to a report by International Data Corporation, the country’s cloud…
LONDON/PARIS (Reuters) – U.S. Vice President JD Vance denied on Tuesday disrespecting Britain and France by describing a planned peacekeeping force in Ukraine as 20,000 troops from some “random country that has not fought a war in 30 or 40 years”. Vance’s comments about the planned British- and French-led European peacekeeping force caused politicians and…
By Vladimir Soldatkin and Andrew Osborn MOSCOW (Reuters) -Russia’s President Vladimir Putin hailed expanding ties with ally Myanmar at talks with its military junta chief on Tuesday and thanked him for gifting Moscow six elephants. Military analysts have dubbed the present, which coincided with Russia’s completing delivery of six fighter jets to Myanmar, as part…
(Reuters) – Analog Devices topped first-quarter Wall Street expectations for revenue and profit on Wednesday, driven by a recovery in chip demand, particularly in the consumer segment, sending its shares up 5% in premarket trading. The company provides semiconductors to a variety of industries, including aerospace, automotive, communications, digital healthcare and industrial automation. Wilmington, Massachusetts-based…
BUENOS AIRES (Reuters) – Argentina’s presidential spokesperson Manuel Adorni said on Tuesday that it was “insulting” to speculate that bribes where involved in the case of libertarian President Javier Milei promoting a cryptocurrency that rapidly slumped. “We understand there was no attitude that went against public ethics,” Adorni said in a press conference, saying there…