ZURICH (Reuters) – Switzerland should not set rules for its banking sector that put it at a disadvantage, UBS CEO Sergio Ermotti was quoted as saying on Monday, as the country prepares to overhaul regulation following his bank’s takeover of Credit Suisse. Swiss authorities are in the coming weeks due to put forward stricter banking…
(Reuters) – Contracts to buy U.S. previously owned homes rose more than expected in November, notching a fourth straight month of gains as buyers focused on taking advantage of improved inventory despite stubbornly high mortgage rates. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, rose…
HELSINKI (Reuters) – The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said on Monday. Finnish police and coast guard officials boarded the Cook Islands-registered…
(Reuters) – Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout. The European Commission granted unconditional approval to Nvidia’s $700 million bid for Run:ai, which helps developers optimize infrastructure for AI, earlier in December after saying in October that the deal would…
(Reuters) – A Mega Millions ticket holder in California woke up much richer on Saturday after they matched all six numbers in the lottery hours before to win an estimated $1.3 billion, the fifth largest jackpot in the game’s history. The winning ticket that matched the numbers 3, 7, 37, 49 and 55, plus the…
(Reuters) -NASA said on Friday that its Parker Solar Probe was “safe” and operating normally after successfully completing the closest-ever approach to the Sun by any human-made object. The spacecraft passed 3.8 million miles (6.1 million km) from the solar surface on Dec. 24, flying into the sun’s outer atmosphere called the corona, on a…
By Jaspreet Singh and Rishi Kant (Reuters) – OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies such as Google. OpenAI’s new structure aims to potentially make a more investor-friendly…
(Reuters) – Big Lots said on Friday that it has agreed with Gordon Brothers Retail Partners to sell its stores, distribution centers and intellectual property to retailers, including Variety Wholesalers, in an attempt to maintain its brand and secure some outlets and jobs. The privately-owned Variety Wholesalers plans to acquire acquire 200 to 400 Big…
BERLIN (Reuters) – U.S. billionaire Elon Musk backed Germany’s Alternative for Germany (AfD) in a guest opinion piece for Germany’s Welt am Sonntag newspaper published online on Saturday that prompted the commentary editor to resign in protest. In the commentary, published in German by the flagship paper of the Axel Springer media group, Musk expanded…
By AJ Vicens (Reuters) – U.S. officials have added a ninth telecommunications company to the list of entities compromised by a sweeping Chinese-linked cyberespionage operation known as Salt Typhoon, a top White House official said Friday. Anne Neuberger, the U.S. deputy national security advisor for cyber and emerging technology, told reporters on a call that…
