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…
OTTAWA, Dec 10 (Reuters) – The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: “Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s monetary policy decision. “Today, Governing Council maintained the policy interest rate at 2.25%. “We have three main messages. “First, steep…
Dec 11 (Reuters) – The Federal Reserve on Thursday said 11 of its regional bank presidents had been reappointed to their positions with the unanimous agreement of the U.S. central bank’s Board of Governors, wrapping up an ordinarily routine process that had come under heightened scrutiny amid pressure from President Donald Trump and his administration….
Dec 12 (Reuters) – Shares of Rivian Automotive surged 18% on Friday as analysts issued bullish commentary on the electric pickup truck and SUV maker’s efforts to develop a custom chip for self-driving features and its integration of artificial intelligence. The stock had closed about 6% lower on Thursday after the company’s announcements at its…
