MOSCOW (Reuters) – Russia’s weekly inflation, an important gauge closely watched by the central bank, slowed to the lowest level since the start of the year, according to statistical data released on Wednesday ahead of the regulator’s rate-setting meeting on March 21. The data showed the Consumer Price Index (CPI) rose 0.06% in the week…
By Kalea Hall and Abhirup Roy (Reuters) – General Motors will use artificial intelligence chips and software from Nvidia to develop autonomous vehicle technology for its vehicles and improve workflow at its factories, the companies said on Tuesday. Traditional automakers have struggled to commercialize autonomous technology that has been more challenging and expensive than expected…
SANTIAGO (Reuters) – Chile’s economy slowed in the fourth quarter of 2024 from the previous three months but gained steam compared to a year earlier and full-year growth exceeded official estimates, data released by the central bank showed on Tuesday. The figures were published ahead of a key interest rate-setting meeting on March 21 at…
(Reuters) -Pfizer will sell its remaining stake in British consumer healthcare group Haleon, the companies said on Tuesday. Pfizer will sell about 662 million ordinary shares, or 7.3%, of Haleon, created in a merger of GSK and Pfizer’s consumer healthcare businesses in 2019, and spun off in 2022. Under the deal, the Sensodyne maker has…
By Brendan Pierson (Reuters) – A federal judge on Tuesday blocked billionaire Elon Musk and his Department of Government Efficiency from taking any more steps to shut down the U.S. Agency for International Development, saying their efforts to close the agency likely violated the U.S. Constitution. In a preliminary ruling, U.S. District Judge Theodore Chuang…
(Reuters) -Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, a source familiar with the matter said on Monday, potentially marking the tech giant’s largest deal to date. The deal hasn’t been signed and could still change, the person said. Alphabet and Wiz did not immediately reply to Reuters…
By Gram Slattery and Trevor Hunnicutt (Reuters) – U.S. President Donald Trump on Monday suggested that Chinese President Xi Jinping may visit the United States “in the not-too-distant future” for talks as economic tensions escalate between the powers. Trump has slapped 20% levies on all imports from China since taking office in January, faulting Beijing…
By Lisa Pauline Mattackal (Reuters) – Shares of quantum computing and artificial intelligence companies rose on Monday, as investors hoped that Nvidia would blow some life back into the beaten-down sectors with new announcements at its annual conference. The five-day GTC AI conference, which was already underway, will devote an entire day to quantum computing…
By Jonathan Stempel (Reuters) -A U.S. judge dismissed a lawsuit accusing Amazon.com of defrauding shareholders about its treatment of third-party sellers and plans to expand capacity, culminating in a Federal Trade Commission antitrust case against the online retail giant. Monday’s dismissal by U.S. District Judge John Chun in Seattle was with prejudice, meaning the proposed…
(Reuters) – Swedish fintech firm Klarna disclosed on Friday that its revenue jumped 24% in 2024 as the buy now, pay later pioneer made public its filing for a much-anticipated U.S. stock market listing. The company, which reshaped online shopping through its short-term financing model, drew investor attention as its valuation soared from $5.5 billion…
