By Sheila Dang and Krystal Hu (Reuters) – U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. McCourt, who formerly owned the Los Angeles Dodgers baseball team, said he has received verbal funding commitments…
NEW YORK (Reuters) – FIFA and Netflix have signed a deal to broadcast the 2027 and 2031 editions of the Women’s World Cup in the United States, world soccer’s governing body said on Friday. FIFA said the Women’s World Cup will be the first competition to be acquired in full by Netflix and U.S.-based fans…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of…
LVIV, Ukraine (Reuters) – The possible deployment of foreign peacekeeping troops in Ukraine could be raised at a meeting of European leaders in Brussels on Wednesday, President Volodymyr Zelenskiy said on Tuesday. The meeting to discuss support for Ukraine, almost three years after Russia’s full-scale invasion, will gather the leaders of Germany, France, Poland and…
By Krystal Hu and Niket Nishant (Reuters) -Databricks has secured a $62 billion valuation after raising $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for AI-focused startups. The round, led by Joshua Kushner’s Thrive Capital, drew commitments from elite investors including Andreessen Horowitz, DST Global, GIC,…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Tuesday it has finalized $406 million in government grants to Taiwan’s GlobalWafers to significantly increase production of silicon wafers in the United States. The funds for projects in Texas and Missouri will establish the first high-volume U.S. production of 300-mm wafers for advanced semiconductors…
BERLIN (Reuters) – NATO has taken over coordination of Western military aid to Ukraine from the United States as planned, a source said on Tuesday, in a move widely seen as aiming to safeguard the support mechanism against NATO sceptic U.S. President-elect Donald Trump. The step, coming after a delay of several months, gives NATO…
By Ann Saphir WASHINGTON (Reuters) -Since Donald Trump’s election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the U.S. president-elect’s yet-to-be-detailed policies into forecasts. But eight years ago Powell as a Fed governor joined the majority of his colleagues in doing…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased more than expected in November as households stepped up purchases of motor vehicles and online merchandise, consistent with strong underlying momentum in the economy as the year winds down. The report from the Commerce Department on Tuesday had no impact on expectations that the Federal Reserve…
By Harry Robertson LONDON (Reuters) – Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally allowed central banks to lower interest rates, pushing investors to lock in the relatively high yields available…
