(Reuters) -Broadcom said on Monday it was launching a new share buyback program of up to $10 billion, set to run through the end of the year. Shares of the chipmaker rose nearly 3% in extended trading. During buybacks, firms buy their own shares on the stock exchange, reducing the proportion of shares held by…
CERNOBBIO, Italy (Reuters) – The euro zone economy’s long standing structural headwinds have been exacerbated by a surge in uncertainty which may get even worse in the wake of U.S. trade tariffs, European Central Bank policy maker Isabel Schnabel said on Saturday. Speaking at an economic forum in northern Italy, Schnabel said the ECB would…
By Allison Lampert and Tim Hepher (Reuters) – Howmet Aerospace, which supplies parts for planes built by Airbus and Boeing, may halt some shipments if they are impacted by tariffs announced by U.S. President Donald Trump, according to a letter seen by Reuters. Pittsburgh-based Howmet said in the letter to customers that it has declared…
By Ana Mano SAO PAULO (Reuters) – Indigenous protests and poor roads have disrupted shipping of Brazil’s bumper soybean crop in recent days via the river port of Miritituba in the Amazon rainforest, worrying global companies including Cargill and Bunge which have important operations. Abiove, an association representing grain handlers, said on Friday road access…
By Antoni Slodkowski BEIJING (Reuters) – China’s state-run media has taken to the internet with AI-generated videos, featuring dancing robots and fraught consumers, to chide U.S. President Donald Trump and tariffs they say threaten high inflation and economic distress for Americans. “‘Liberation Day’, you promised us the stars. But tariffs killed our cheap Chinese cars,”…
By David Lawder WASHINGTON (Reuters) – U.S. customs agents began collecting President Donald Trump’s unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week. The initial 10% “baseline” tariff took effect at U.S. seaports, airports and customs warehouses at…
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, posted its highest first-quarter revenue ever on strong demand for artificial intelligence products but said it would need to closely watch global politics. Revenue for Apple’s biggest iPhone assembler jumped 24.2% year-on-year to T$1.64 trillion ($49.5 billion), Foxconn said in a statement on Saturday, just…
By Anna Tong OAKLAND (Reuters) – – Billionaire Elon Musk’s lawsuit against OpenAI will go to a jury trial in spring 2026, the federal judge presiding over the case decided on Friday. Last month, OpenAI and Musk agreed to fast-track a trial over OpenAI’s for-profit shift, the latest turn in a grudge match between the world’s richest…
By Kanishka Singh (Reuters) – Microsoft AI CEO Mustafa Suleyman’s remarks were interrupted by a pro-Palestinian protesting employee during the technology company’s 50th anniversary celebration on Friday over the firm’s ties with Israel. “You are a war profiteer. Stop using AI for genocide,” Microsoft employee Ibtihal Aboussad said at the event in Redmond, Washington, while…
By Krystal Hu SandboxAQ, a startup drawing on quantum computing techniques to develop quantitative artificial intelligence models for enterprises, said it has raised $150 million from new investors including Google, Nvidia and BNP Paribas. The investment has increased SandboxAQ’s Series E round to $450 million, valuing the startup at $5.75 billion. With this, SandboxAQ’s total…
