Business
Prices at the Pumps: An up and down week at the pumps
Exclusive-Microsoft's OpenAI partnership could face EU antitrust probe, sources say
By Foo Yun Chee BRUSSELS (Reuters) - Microsoft's $13 billion investment in OpenAI could face an EU antitrust investigation as regulators are building the case for such a move, people familiar with the matter said on Thursday. Microsoft's OpenAI ...
G20 to review multilateral development banks reform roadmap in October, says Brazil
WASHINGTON (Reuters) - Brazil's presidency of the G20 will submit a roadmap for reforming multilateral development banks for approval by member countries at the finance track meetings scheduled for October, focused on expanding their efficiency ...
UK wage growth and services inflation too high for rate cut, BoE's Greene says
(Reuters) -Britain's latest wage growth and services price inflation data is too high for the Bank of England to consider cutting interest rates, BoE policymaker Megan Greene said on Thursday. "The numbers that we're seeing in terms of wage growth ...
IMF chief says productivity, Chinese consumer spending key to boosting global growth
By David Lawder and Andrea Shalal WASHINGTON (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva bemoaned the slow pace of global growth on Thursday, saying that Europe needed to do more to boost productivity and China ...
Seeking edge over rivals, Intel first to assemble ASML's next-gen chip tool
By Toby Sterling AMSTERDAM (Reuters) - Intel said on Thursday it had become the first company to assemble one of Dutch tech group ASML's new "High NA EUV" lithography tools, an important part of the U.S. computer chip maker's drive to outshine ...
Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi
(Reuters) - Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns over the electric automaker's increasing focus on its autonomous vehicle products when profit is under pressure. The Elon Musk-led ...
TSMC estimates losses of $92.4 million due to Taiwan earthquake
BEIJING (Reuters) - Taiwan chipmaker TSMC said the biggest earthquake in at least 25 years that struck the island on April 3 caused estimated losses of T$3 billion ($92.44 million) to the company in the second quarter. The quake is also expected ...
Fed's Williams doesn't see urgent need to cut interest rates
By Michael S. Derby NEW YORK (Reuters) - New York Federal Reserve President John Williams said on Thursday the strong state of the U.S. economy means there's no pressing case to lower interest rates right now. "I definitely don't feel urgency to ...
Exclusive-Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system
By Joey Roulette and Marisa Taylor WASHINGTON (Reuters) - Aerospace and defense company Northrop Grumman is working with SpaceX, the space venture of billionaire entrepreneur Elon Musk, on a classified spy satellite project already capturing ...
IMF tells Asian central banks not to follow Fed too closely
By Leika Kihara WASHINGTON (Reuters) - The International Monetary Fund urged Asian central banks to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve. Receding ...