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…
CERNOBBIO, Italy (Reuters) – Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni’s top executive Francesco Gattei said on Friday. He added that energy groups could react to the possibility of tariffs denting global…
By Kalea Hall DETROIT (Reuters) – London-based INEOS Automotive is increasing prices on its premium vehicles as a result of the new 25% tariff on auto imports, the company said Friday. While the smaller automaker said it’s “doing all it can” to prevent prices on its France-built vehicles from increasing, it will be raising prices…
(Reuters) – U.S. tech heavyweights, banks and oil majors extended losses on Friday after Beijing retaliated with additional duties of 34% on U.S. goods, amplifying investor concerns over an escalating global trade war that has stoked fears of a recession. Beijing’s tariffs are set to go into effect April 10. The country also announced controls…
By Juveria Tabassum (Reuters) – President Donald Trump’s move to impose sweeping tariffs on U.S. imports could force major retailers to raise prices on products ranging from apparel and footwear to electronics as supply hubs Vietnam, Cambodia and Bangladesh reel from fresh levies. Here are some of the Asia suppliers for retailers. WALMART Walmart remains…
By Ange Kasongo (Reuters) -The United States is in talks to invest billions of dollars in mineral-rich Congo and wants to help end a conflict raging in the country’s east, President Donald Trump’s senior adviser for Africa said during a visit on Thursday. Democratic Republic of Congo, which has vast reserves of cobalt, lithium and…
(Reuters) – Capital One Financial Corp got a greenlight from the Justice Department for its proposed acquisition of Discover Financial Services after the DOJ told other regulators looking into the merger that it doesn’t see sufficient competition concerns to block the deal, the New York Times reported on Thursday. The Office of the Comptroller of…
