BEIJING (Reuters) – China’s central bank will set up a 500 billion yuan ($70 billion) re-lending programme to support the country’s science and technology sectors, according to a statement released on Sunday. The programme will offer loans via 21 banks to small and midsize technology companies at an interest rate of 1.75%. The one-year loans…
By Alexandra Ulmer (Reuters) – Republican presidential candidate Donald Trump’s campaign said a major fundraiser in Florida on Saturday raked in a massive $50.5 million as the former president seeks to replenish diminished coffers in his rematch against Democrat Joe Biden. The event, his biggest fundraiser yet, is a much-needed boost for Trump, who has…
By Joseph White DETROIT (Reuters) -Henry Ford democratized car ownership with his ultra-cheap, mass-produced Model T, and Elon Musk once promised to do the same for electric cars with a Tesla that could sell for $25,000. Now, sources have told Reuters Musk is putting aside the idea of bargain-priced Tesla for the masses in favor…
WASHINGTON (Reuters) -U.S. military officials met their Chinese counterparts earlier this week for a series of meetings in Hawaii focused on how the two countries can operate safely, U.S. officials said on Friday. U.S. President Joe Biden sought to manage tensions over the South China Sea in a call with Chinese President Xi Jinping on…
(Reuters) -A deal between Paramount Global and Skydance Media could see the media conglomerate acquire the independent studio in an all-stock transaction valued at around $5 billion, the Wall Street Journal reported on Friday. Under the terms being discussed, National Amusements, which controls Paramount, would receive over $2 billion in cash in the first step…
By Blake Brittain (Reuters) – Apple urged a U.S. appeals court on Friday to overturn a U.S. trade tribunal’s decision to ban imports of some Apple Watches in a patent dispute with medical-monitoring technology company Masimo. Apple told the U.S. Court of Appeals for the Federal Circuit that the U.S. International Trade Commission’s decision was…
By Andrew Goudsward WASHINGTON (Reuters) -Donald Trump suffered a pair of legal setbacks on Thursday as judges spurned his calls to dismiss criminal charges over the former U.S. president’s efforts to overturn his 2020 loss in Georgia and his keeping classified records after leaving office. Separately, one of the Republican presidential candidate’s allies, former Justice…
WASHINGTON (Reuters) -Alaska Air Group said on Thursday that Boeing had paid about $160 million to the airline in the first quarter as initial compensation to address the hit from the temporary grounding of 737 MAX 9 jets. The payment is equivalent to lost profits in the quarter, the carrier said in a filing, adding…
By Clara Denina and Veronica Brown LONDON (Reuters) – Sigma Lithium’s chief executive won’t sell the miner at current lithium price levels and is concentrating on its near-term expansion plans, she told Reuters in an interview. The Vancouver-based company, whose main business is a hard rock lithium project at Brazil’s Grota do Cirilo, started scouting…
By Anirban Sen and Milana Vinn (Reuters) -Google parent Alphabet has been talking to its advisers about the possibility of making an offer for HubSpot, an online marketing software company with a market value of $35 billion, people familiar with the matter said. If Alphabet moves ahead with a bid, it would be a rare…