(Reuters) -Elon Musk’s xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter. The transaction would value the company at more than $120 billion, the report said, citing one...
By Jonathan Stempel NEW YORK (Reuters) -Unilever on Friday rejected the claim it tried to oust former Ben & Jerry’s chief executive Dave Stever for supporting his company’s progressive social activism, saying it offered him a bigger role and more pay but he chose to resign. In a court filing, Unilever also sought the dismissal...
Welcome to this week’s edition of top stock market highlights. City Developments Limited (SGX: C09) City Developments Limited, or CDL, held its 2024 annual general meeting (AGM) on 23 April. During the meeting, CEO Sherman Kwek said that the blue-chip property group needs to shed at least S$600 million worth of assets this year. According...
US and EU not close to deal on tariffs – EU’s Dombrovskis Jan Strupczewski Fri, April 25, 2025 at 10:56 PM UTC 3 min read FILE PHOTO: U.S. Secretary of State Antony Blinken visits Leuven By Jan Strupczewski WASHINGTON (Reuters) -The United States and the European Union still need a lot of work to reach...
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor Daniel Loeb’s hedge fund Third Point is building a stake in Kenvue, sources familiar with the matter said on Friday, as some investors are pushing for strategic changes at the consumer healthcare company. News of Third Point’s investment in the $44 billion Summit, New Jersey-headquartered maker of...
By Abhirup Roy and Deborah Mary Sophia SAN FRANCISCO (Reuters) -Alphabet’s Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States. Waymo, which started as a small self-driving...
SINGAPORE (Reuters) – Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first weekly rise in more than a month as investors have welcomed an apparent softening of the White House stance on China, despite no signal of detente. U.S. tech giant and Google parent Alphabet...
China’s data protection rules prompt pause from major European research funders Andrew Silver Fri, April 25, 2025 at 2:24 AM UTC 5 min read Illustration shows a laptop with binary codes displayed in front of the Chinese flag By Andrew Silver SHANGHAI (Reuters) -Several of Europe’s biggest funders of scientific collaboration with China, in fields...
BEIJING (Reuters) -Chinese search engine giant Baidu launched its latest artificial intelligence model, Ernie 4.5 Turbo, on Friday, as it ramps up AI product offerings amid mounting competition in the Chinese AI market. It also launched its new reasoning model Ernie X1 Turbo. (Reporting by Che Pan and Brenda Goh; Editing by Himani Sarkar) ,,,
By Lisa Barrington SEOUL (Reuters) -Boeing’s Chinese customers are refusing delivery of new planes built for them due to tariffs, the U.S. planemaker has confirmed, as a third Boeing jet started returning to the U.S. on Thursday. “Due to the tariffs, many of our customers in China have indicated that they will not take delivery,”...
