Business News

By Jane Lanhee Lee (Reuters) – Silicon Valley artificial intelligence (AI) computing startup SambaNova Systems said on Monday it delivered eight units of its latest AI system to the U.S. …

By Julie Zhu HONG KONG (Reuters) -The consumer finance unit of China’s Ant Group will increase its registered capital to 18.5 billion yuan ($2.62 billion) from 8 billion yuan previously, …

(Reuters) -U.S. meatpacker Tyson Foods Inc on Monday forecast 2023 sales above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite soaring inflation. Adjusted earnings in …

(Reuters) -SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is …

BENGALURU (Reuters) – U.S.-listed Cummins Inc said on Monday it has signed an agreement with Indian automaker Tata Motors to develop hydrogen-powered internal combustion engines, fuel cells and battery electric …

WARSAW (Reuters) -Poland will take over Gazprom’s Polish assets, a minister said on Monday, adding the move concerned the Russian company’s 48% stake in Europolgaz, which owns the Polish section …

OTTAWA (Reuters) -Lower-income Canadians will be disproportionately affected by the slowdown in economic activity that is needed to ease inflationary pressures, Bank of Canada Governor Tiff Macklem said on Monday. …

By Akriti Sharma and Kanishka Singh (Reuters) – Theranos founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood …

(Reuters) – Digital currency futures and options clearinghouse LedgerX LLC submitted to the U.S. Commodity Futures Trading Commission a formal withdrawal of FTX’s request from December last year that sought …

By Uditha Jayasinghe COLOMBO (Reuters) -The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget policies, which are not limited to the International Monetary Fund’s …

ACCRA (Reuters) -Ghana’s President Nana Akufo-Addo has sacked Charles Adu Boahen, the minister of state for finance, the presidency said on Monday after allegations of impropriety were circulated by a …

(Reuters) – Twitter has had a bumpy ride since new owner Elon Musk took charge last month. The world’s richest person halted plans to charge $8 for the sought-after blue …

BRASILIA (Reuters) – Brazil’s Treasury on Monday presented a proposal for a new fiscal anchor that aims to replace three rules currently in force with just one, which limits the …

By Jane Lanhee Lee OAKLAND, Calif(Reuters) – Silicon Valley startup Cerebras Systems, known in the industry for its dinner plate-sized chip made for artificial intelligence work, on Monday unveiled its …

By Aishwarya Venugopal and Uday Sampath Kumar (Reuters) – Walmart and Target results this week are likely to show that major retailers are heading for a turbulent holiday season as …

(Reuters) – Faraday Future Intelligent Electric said on Monday it had signed a deal to raise up to $350 million as the electric-vehicle startup looks to roll out its FF …

BERLIN (Reuters) -Germany’s conservative opposition held up a major welfare reform on Monday, setting the scene for a mediation process to find a compromise that could still allow the introduction …

FRANKFURT (Reuters) -The president of Germany’s financial regulator, Mark Branson, on Monday called on banks to increase their risk provisions while earnings are strong. Branson, speaking at a conference in …

BUCHAREST (Reuters) -Romania’s central bank lifted its inflation forecasts for this year and next on Monday as supply-side shocks and war in Ukraine drive stronger-than-expected price growth. Energy costs and …

BENGALURU (Reuters) – India’s annual retail inflation eased to 6.77% in October helped by slower rises in food prices and base effect, but remained above central bank’s tolerance limit, strengthening …

By Muyu Xu and Chen Aizhu SINGAPORE (Reuters) – Chinese refiners are slowing down Russian crude purchases in December and paying lower premiums in the face of imminent European Union …

FRANKFURT (Reuters) -The European Central Bank needs to keep raising interest rates but must not move too fast to avoid unnecessarily exacerbating a downturn, two policymakers said on Monday, with …

By Alex Lawler LONDON (Reuters) -OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year’s figure, citing …

ROME (Reuters) -Italy’s new government wants to bring Telecom Italia’s (TIM) network under state control to speed up the digitalization of the economy, Industry Minister Adolfo Urso said on Monday. …

OSLO (Reuters) -The Swedish Prosecution Authority on Monday said it had closed an investigation into suspected bribery payments made in China by employees at telecoms equipment maker Ericsson because there …