Dec 17 (Reuters) – Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid, citing lack of financing assurances. The decision to recommit to Netflix’s buyout offer marked the latest twist in the race for assets that include Warner Bros’ storied film and TV studio and its extensive film and television library. Here is…
By Abigail Summerville and Johann M Cherian Dec 16 (Reuters) – The Nasdaq recovered on Tuesday to close higher while the S&P 500 and the Dow closed lower, impacted by declines in healthcare and energy stocks. Investors evaluated delayed economic data to gauge the Federal Reserve’s monetary policy outlook for next year. A Labor Department…
By Naw Betty Han and Shoon Naing Dec 16 (Reuters) – For seven days, rebel fighter Khant and his comrades held the line as Myanmar’s military pounded their positions with artillery and drone strikes. Khant is a veteran of numerous battles against Myanmar’s junta since it seized power in a 2021 coup, but he had…
By Milana Vinn Dec 15 (Reuters) – Goldman Sachs is restructuring its influential technology, media, and telecom (TMT) investment banking group with an eye toward infrastructure deals and artificial intelligence, creating two new teams with new leaders, according to the internal memo seen by Reuters. The bank is combining its telecom and “CoreTech” teams to…
By Christine Chen and Cordelia Hsu SYDNEY, Dec 15 (Reuters) – Donations for a Sydney man who wrestled a gun from one of the alleged attackers during a mass shooting at Bondi Beach have surged past A$1.1 million ($744,000), as he recovers in hospital after surgery for bullet wounds. Forty-three-year-old Ahmed al Ahmed, a Muslim…
FRANKFURT, Dec 15 (Reuters) – Euro zone industrial output growth accelerated in October, bolstering views that the bloc is picking up momentum as trade uncertainty is dissipating, the labour market remains tight and consumption is inching up. Industry expanded by 0.8% on the month after a 0.2% increase in September, in line with expectations, data…
By Kirsty Needham SYDNEY, Dec 12 (Reuters) – Alphabet’s Google will build three subsea cables in Papua New Guinea, which the largest Pacific Island nation said was funded by Australia under a mutual defence treaty, in a key upgrade to its digital backbone. Australian and U.S. military strategists view resource-rich but largely under-developed Papua New…
By John O’Donnell and Padraic Halpin DUBLIN, Dec 12 (Reuters) – Ireland’s planned curbs on trade with Israeli settlements will be limited strictly to goods, a minister told Reuters, offering the first clear signal on the scope of the contested legislation and rejecting accusations that the country is antisemitic. Ireland has been preparing a law…
Dec 12 (Reuters) – The Kirin 9030, the chip that powers Huawei Technologies’ latest flagship Mate 80 series handset, has been manufactured by China’s top foundry SMIC with an improved version of 7 nanometres, which is still behind TSMC and Samsung, Canadian research firm TechInsights said. The Kirin 9030 is manufactured using SMIC’s N+3 process,…
By Joey Roulette and Gursimran Mehar Dec 13 (Reuters) – SpaceX is preparing to go public next year and has opened a secondary share sale that would value the company at $800 billion, according to a letter to shareholders sent by the company’s CFO Bret Johnsen and reviewed by Reuters. The Elon Musk-led company’s move…
