WASHINGTON (Reuters) – The United States strengthened restrictions on advanced computing semiconductors on Wednesday to prevent the diversion to China of high-end chips, the Commerce Department said. The new rules impose broader licensing requirements for chip factories and packaging companies seeking to export certain advanced chips, it said. They build on earlier measures aimed at…
NEW YORK (Reuters) – Goldman Sachs’ credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday. “We have a contract with Apple to run that partnership until 2030, although there’s some possibility that it won’t continue until that time frame,” Solomon told analysts on an…
By Nidal al-Mughrabi CAIRO (Reuters) – Palestinians burst into celebration across the Gaza Strip on Wednesday at news of a ceasefire between Israel and Hamas, with some shedding years of joy and others whistling, clapping and chanting “Allahu akbar” (God is greatest). “I am happy, yes, I am crying, but those are tears of joy,”…
NEW YORK (Reuters) -Wall Street CEOs voiced confidence on Wednesday that the incoming U.S. administration would be business-friendly and good for banks as they reported a profits surge after dealmaking and trading picked up. The market environment has already been favorable for banks, with buoyant equity markets and anticipation that President-elect Donald Trump will usher…
By David Shepardson WASHINGTON (Reuters) – President-elect Donald Trump’s nominee to head the Transportation Department said he would allow an ongoing government probe into Tesla’s advanced driver assistance system to continue. The National Highway Traffic Safety Administration in October opened an investigation into 2.4 million Tesla vehicles equipped with Full Self-Driving (FSD) software after four…
By Matt Spetalnick WASHINGTON (Reuters) – U.S. President Joe Biden’s national security adviser Jake Sullivan described the Middle East in late September 2023 as “quieter” than it had been in two decades. That assessment did not age well. Just eight days later, Hamas launched a deadly surprise attack from Gaza into Israel, triggering a war…
By Mike Stone WASHINGTON (Reuters) – The CEO of one of the world’s biggest defense contractors, L3Harris Technologies, told President-elect Donald Trump’s government efficiency panel in a letter on Wednesday that the Pentagon’s huge contracting system is too slow and bureaucratic to meet threats posed by China and Iran and needs to be reformed. The…
LONDON (Reuters) – Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the tech giants to remove resellers of new Apple products from Amazon’s website, a tribunal ruled on Tuesday. The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers…
By Eduardo Baptista, Katie Paul and Krystal Hu (Reuters) – New users have piled in to Chinese social media app RedNote just days before a proposed U.S. ban on the popular social media app TikTok, as the lesser-known company rushes to capitalize on the sudden influx while walking a delicate line of moderating English-language content,…
(Reuters) – Microsoft is planning to halt hiring in part of its consulting business in the U.S. in a bid to cut costs, CNBC reported on Tuesday, citing an internal memo. The tech giant is looking to manage overall expenses as it looks to continue investments in its artificial intelligence (AI) efforts. Earlier this month,…
