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News
Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
16+ hour, 25+ min ago (374+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
Exclusive-Major Novartis shareholder calls for board shake-up after drug trial setbacks
3+ day, 19+ hour ago (526+ words) By Oliver Hirt and Marleen Kaesebier ZURICH, Sept 10 (Reuters) – A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker’s board to improve corporate governance after its shares suffered a record fall this week following back-to-back trial…...
Factbox-Sweden election: what you need to know
3+ day, 23+ hour ago (565+ words) Sept 10 (Reuters) – Sweden will hold a parliamentary election on September 13 with the centre-left opposition holding a slim lead in opinion polls over Prime Minister Ulf Kristersson’s ruling right-wing bloc. Kristersson is seeking to form a majority government with his existing…...
Nvidia teams up with Australian partners to build AI factory capacity
4+ day, 32+ min ago (74+ words) whbl.com Nvidia teams up with Australian partners to build AI factory capacity Sept 9 (Reuters) – Nvidia said on Wednesday it is working with a group of Australian cloud and data center firms to expand infrastructure for artificial intelligence computing, with…...
Kenya to get some $400 million emergency World Bank funds within six weeks, source says
3+ day, 19+ hour ago (392+ words) (Changes to million not mln in headline and second bullet point) NAIROBI, Sept 10 (Reuters) – Kenya is expected to receive about $400 million in emergency financing from the World Bank within six weeks to help address risks including an Ebola outbreak in…...
DOJ probes Nvidia’s licensing deal with AI startup Groq, NYT reports
4+ day, 6+ hour ago (171+ words) Sept 9 (Reuters) – The U.S. Justice Department is investigating whether Nvidia structured its licensing deal with AI chip startup Groq to avoid antitrust scrutiny, the New York Times reported on Wednesday, citing two people familiar with the matter. Nvidia announced a…...
Exclusive-India’s Serious Fraud Office recommends ‘detailed’ probe into Xiaomi’s business in country
4+ day, 22+ hour ago (801+ words) NEW DELHI, Sept 9 (Reuters) – India’s Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows. China’s Xiaomi was…...
Australian data centre operator NEXTDC to raise $795 million for AI infrastructure
4+ day, 22+ hour ago (323+ words) Sept 9 (Reuters) – Australia’s NEXTDC said on Wednesday it seeks to raise A$1.1 billion ($795.63 million) through convertible notes, its third fundraising in just over four months, as the data centre operator ramps up investment in AI infrastructure. Here are some details:…...
Amazon will raise $5.8 billion in first sterling bond sale, lead managers say
4+ day, 20+ hour ago (331+ words) LONDON, Sept 9 (Reuters) – Amazon will raise £4.25 billion ($5.76 billion) in its first-ever sterling bond sale, more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom. The deal,…...
Tencent-backed Enflame to debut in Shanghai on Friday in $912 million IPO
4+ day, 20+ hour ago (237+ words) BEIJING, Sept 9 (Reuters) – Tencent-backed AI chipmaker Shanghai Enflame Technology will make its Shanghai stock market debut on September 11, an exchange filing showed on Wednesday. Enflame, one of China’s leading AI chip startups known locally as the “four little GPU dragons…...