Property insurer SageSure turns ‘unicorn’ after $250 million funding round – source
By Jaiveer Shekhawat (Reuters) – SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar …
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Tesla to meet Indian officials this week – source
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Senior Tesla Inc executives will meet Indian government officials on Wednesday and Thursday to discuss …
Virgin Orbit plans to move back deadline for bidders – source
By Joey Roulette (Reuters) – Satellite launch company Virgin Orbit is planning to move back the deadline for prospective bidders to buy its assets by …
VW to fire top executives at software unit Cariad, source says
By Jan Schwartz FRANKFURT (Reuters) – Carmaker Volkswagen is set to dismiss all but one of the executive board members at its software division Cariad …
U.S. moving ahead with $500 million in arms aid for Taiwan, source says
By Mike Stone WASHINGTON (Reuters) – U.S. President Joe Biden’s administration plans to send $500 million worth of weapons aid to Taiwan using the same …
France’s financial prosecution office probing Thales – source
PARIS (Reuters) – France’s financial prosecution office is investigating arms maker Thales, a source close to the matter told Reuters, after a radio station earlier …
Ford hits production issue on F-150 trucks due to missing door handles – source
(Reuters) – Ford Motor Co is facing another production snag building its popular F-150 pickup trucks due to missing door handles, according to a source …
Italy working on levy on banks to fund family relief -source
By Giuseppe Fonte ROME (Reuters) – Italy is working on imposing a “solidarity” levy on its banks to fund relief measures for families hit by …
Exclusive-Tesla readies export of Model Y to Canada from China – source, memo
SHANGHAI (Reuters) – Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time …
Renault chooses banks for planned listing of electric car unit Ampere – source
PARIS (Reuters) – French carmaker Renault has picked BNP Paribas, Goldman Sachs and JPMorgan among the investment banks slated to work on the planned listing …
Abrdn weighs split of private equity assets to draw fresh bids –source
By Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) – Abrdn is seeking to individually sell a batch of private equity businesses which collectively have …
HSBC shareholder Ping An to vote for bank’s break-up at annual meeting -source
HONG KONG/LONDON (Reuters) – HSBC’s biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting …
Argentina looks to ease economic targets in IMF loan program, source says
MEXICO CITY (Reuters) – Argentina is considering how to persuade the International Monetary Fund to further ease the economic targets embedded in the country’s $44 …
Argentina seeks to issue up to $1.2 billion in bonds, ministry source says
By Jorgelina do Rosario WASHINGTON (Reuters) -The Argentine government is in talks to issue two dollar-bonds for up to $600 million each with separate guarantees …
Source Of Classified Document Leaks Allegedly Worked On Military Base, Spilled Secrets To Impress Teenagers
Source Of Classified Document Leaks Allegedly Worked On Military Base, Spilled Secrets To Impress Teenagers Micaela Burrow on April 13, 2023 The Pentagon believes the …
Canada, South Korea eye intelligence-sharing pact – government source
OTTAWA (Reuters) – Canada and South Korea plan to launch talks on an information security agreement to facilitate intelligence-sharing and promote security ties, a Canadian …
Exclusive-China out of UN’s wildlife survey for pandemic controls – source
By Francesco Guarascio HANOI (Reuters) – China is not participating in a United Nations project to survey Asian wet markets and other facilities at high …
Access, printouts and glue: Tracing the source of leaked US secrets
By Idrees Ali, Jonathan Landay and Sarah N. Lynch WASHINGTON (Reuters) – A probe into the leak of secret U.S. documents likely will require investigators …
Burger chain McDonald’s to lay off hundreds of corporate employees -source
By Jessica DiNapoli and Hilary Russ NEW YORK (Reuters) – The number of corporate employees McDonald’s Corp plans to lay off this week will tally …
Microsoft offers to change cloud practices to ward off EU antitrust probe -source
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft Corp has offered to change its cloud computing practices to settle antitrust complaints filed by smaller rivals, a …
AI computing startup Cerebras releases open source ChatGPT-like models
By Jane Lanhee Lee OAKLAND, California (Reuters) – Artificial intelligence chip startup Cerebras Systems on Tuesday said it released open source ChatGPT-like models for the …
Trump N.Y. grand jury hears from former National Enquirer publisher again -source
By Karen Freifeld (Reuters) -A former National Enquirer publisher testified on Monday before a Manhattan grand jury hearing evidence about former President Donald Trump’s role …
Intriguing moon water source found in glass beads from impacts
By Will Dunham (Reuters) – Glass beads spawned in violent impacts from space rocks on the lunar surface have been found to have water trapped …
Bank of America to redeploy wealth management, banking employees – source
(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the …
New York grand jury in Trump probe will not meet Wednesday – source
WASHINGTON (Reuters) – The New York grand jury hearing evidence about former President Donald Trump’s alleged involvement with a hush-money payment to a [censored] star …
PIMCO lost $340 million with Credit Suisse AT1 bonds write-off – source
By Davide Barbuscia NEW YORK (Reuters) – Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out …
First Citizens plans to bid for SVB businesses -source
NEW YORK (Reuters) – First Citizens Bancshares will submit bids to the Federal Deposit Insurance Corp (FDIC) to acquire parts of Silicon Valley Bank, one …
UBS mulls sweeteners to keep Credit Suisse wealth bankers – source
By Stefania Spezzati LONDON (Reuters) – UBS Group AG told Credit Suisse wealth bankers it’s weighing financial sweeteners for them to stay as it seeks …
‘Transparency’: Twitter Will Open A Key Part Of Its Source Code To The Public, Elon Musk Says
‘Transparency’: Twitter Will Open A Key Part Of Its Source Code To The Public, Elon Musk Says Harold Hutchison on March 17, 2023 Twitter owner …
ECB supervisors see no contagion to euro zone from bank turmoil, source says
FRANKFURT (Reuters) – European Central Bank supervisors meeting on Friday saw no contagion to euro zone banks from the market turmoil that has engulfed Credit …
Americanas’ ex-chief testifies before watchdog after accounting scandal -source
RIO DE JANEIRO (Reuters) – The former chief executive of scandal-hit Brazilian retailer Americanas SA testified on Thursday at the country’s securities watchdog, a source …
Exclusive: Semiconductor manufacturer Infinera explores sale -source
By Milana Vinn (Reuters) – Infinera Corp, a U.S. manufacturer of semiconductors for the telecommunications industry that competes with China’s Huawei, is exploring options that …
Italy working on new retail-dedicated bond, expected before summer – source
By Sara Rossi MILAN (Reuters) – Italy’s Treasury is working on a new bond dedicated to small savers in an effort to increase retail investors’ …
JPMorgan ending banking relationship with crypto exchange Gemini – source
By Niket Nishant (Reuters) – JPMorgan Chase & Co is cutting ties with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, according to …
Argentina, IMF discussing export-linked reserve targets -govt source
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina and the International Monetary Fund (IMF) are zeroing in on an agreement for more flexible currency reserves …
Citigroup to lay off less than 1% of staff – source
(Reuters) – Citigroup Inc is laying off less than 1% of its workforce, excluding its remediation team working on a consent order, people familiar with …
KKR-backed BMC Software confidentially files for U.S. IPO – source
(Reuters) – KKR-backed technology firm BMC Software has confidentially filed for an initial public offering in the United States, a person familiar with the matter …
Biden expected to announce Brainard, Bernstein for top posts after markets close -source
WASHINGTON (Reuters) – President Joe Biden is expected to name Federal Reserve Vice Chair Lael Brainard and his trusted confidant Jared Bernstein as top economic …
JPMorgan lays off hundreds of mortgage employees -source
(Reuters) – JPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the …
German ministry to review sale of regional airport to Russian investor – source
FRANKFURT (Reuters) – Creditors of Frankfurt-Hahn airport in Germany have agreed to refer to the government a decision on whether a Russian billionaire named on …
Nissan board also approved planned restructuring deal with Renault – source
PARIS (Reuters) – The board of Nissan has also voted in favour of reshaping its alliance with French carmaker Renault, a source said on Monday. …
Renault board backs plans to reshape alliance with Nissan – source
LONDON (Reuters) – Renault’s board voted in favour on Sunday to reshape the French carmaker’s alliance with its Japanese partner Nissan, a source said. The …
Norway police ban Koran burning protest after Turkey summons Oslo envoy
ANKARA/OSLO (Reuters) -Norwegian police on Thursday banned a planned anti-Islam protest including the burning of a copy of the Koran this week for security reasons, …
China’s Baidu to launch ChatGPT-style bot in March -source
BEIJING (Reuters) – Chinese internet search major Baidu Inc is planning to launch an artificial intelligence (AI) chatbot service similar to OpenAI’s ChatGPT in March, …
BofA promotes 360 employees to managing directors in diversity push – source
(Reuters) – Bank of America Corp has promoted 360 employees to managing directors, with more than 50% of them representing women and people of color, …
Germany to send Leopard tanks to Ukraine – source
BERLIN (Reuters) – German Chancellor Olaf Scholz has decided to send Leopard 2 tanks to Ukraine and allow other countries such as Poland to do …
Insurer ASR to consider sale of bank acquired in Aegon deal, source says
By Pablo Mayo Cerqueiro and Toby Sterling LONDON/AMSTERDAM(Reuters) – Dutch insurer ASR will consider a sale of its banking arm after completing its acquisition of …
Capital One scraps 1,100 tech positions – source
(Reuters) – Consumer lending firm Capital One Financial Corp has cut 1,100 positions in its technology segment, a person familiar with the matter told Reuters …
Nissan-Renault deal on alliance could come as early as Feb. 1 – source
PARIS (Reuters) – A deal between French carmaker Renault and Japanese partner Nissan could be announced as early as Feb. 1 as months of negotiations …
JPMorgan begins private lending drive with $10 billion – source
(Reuters) – JPMorgan Chase & Co has set aside at least $10 billion to back its foray into the world of direct lending, a person …