SHENZHEN, China (Reuters) – Chinese rocket maker Space Epoch is working with Alibaba’s online shopping platform Taobao to make reusable rockets for express deliveries that could arrive globally in an hour, Space Epoch announced on Sunday. The project is in early trial stages and aims to develop a rocket that can carry up to ten…
By Humeyra Pamuk and Idrees Ali WASHINGTON (Reuters) -The U.S. in recent days authorized the transfer of billions of dollars worth of bombs and fighter jets to Israel, two sources familiar with the effort said on Friday, even as Washington publicly expresses concerns about an anticipated Israeli military offensive in Rafah. The new arms packages…
By Pavel Polityuk KYIV (Reuters) -Massive Russian missile and drone attacks hit thermal and hydro power plants in central and western Ukraine overnight, officials said on Friday, in the latest barrage targeting the country’s already damaged power infrastructure. Kaniv hydropower plant was among the targets along with Dnister plant, which is located on the Dnister…
WASHINGTON (Reuters) -The Biden administration on Friday revised rules aimed at making it harder for China to access U.S. artificial intelligence (AI) chips and chipmaking tools, part of an effort to hobble Beijing’s chipmaking industry over national security concerns. The rules, released in October, seek to halt shipments to China of more advanced AI chips…
(Reuters) -The U.S. House of Representatives has set a strict ban on congressional staffers’ use of Microsoft’s Copilot generative AI assistant, Axios reported on Friday. “The Microsoft Copilot application has been deemed by the Office of Cybersecurity to be a risk to users due to the threat of leaking House data to non-House approved cloud…
SANTIAGO (Reuters) -Chilean copper giant Codelco reported gross profit of $3.12 billion for 2023, the state-owned producer said in a filing on Thursday, a 34% dip from a year earlier after the state firm faced operational and production challenges. Codelco, the world’s top copper miner, posted production of 1.325 million metric tons for the year…
By Granth Vanaik and Doyinsola Oladipo (Reuters) -Cruise operator Carnival said on Wednesday it will probably not be sailing through the Red Sea region for the rest of this year and early next year given persistent hostilities across the key shipping route. Even though 2024 is expected to be a record year for cruise travel,…
By Shariq Khan NEW YORK (Reuters) -Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline stocks. Brent crude futures for May shed 16 cents, or 0.2%, to settle at $86.09 a barrel while the more actively traded June…
By Foo Yun Chee and Inti Landauro BRUSSELS (Reuters) -Amazon on Wednesday lost its fight to suspend a requirement regarding its online advertising under EU tech rules after Europe’s top court backed EU regulators, saying EU interests outweigh the U.S. online retailer’s material interests. Under the Digital Services Act (DSA) which kicked in last year,…
By Jonathan Stempel NEW YORK (Reuters) -Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices. The antitrust settlement announced on Tuesday is one of the largest in U.S. history, and if it receives…