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Reuters exclusively reported that EU industry chief Thierry Breton has said proposed EU rules on artificial intelligence are not up for bargaining, in response to OpenAI CEO Sam Altman’s threat to quit Europe if the rules are too onerous. Altman caved the following day after Breton’s comments, tweeting that OpenAI was not going to leave […]

Reuters was first to report that activist investor Carl Icahn had won enough Illumina Inc. shareholder support to install one of his nominees to the gene sequencing machine maker’s board of directors. Illumina’s market value of $30 billion made this the biggest board battle of the year, which came as Icahn seeks to reassert his […]

Reuters was ahead of the competition reporting UK inflation figures as consumer prices rose by a more-than-expected 8.7% last month and a closely watched measure of core inflation surged to a 31-yer high. UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen raising […]

Reuters exclusively revealed that online fashion giant Shein is exploring plans to build a manufacturing hub in Mexico as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint.   The post Fast-fashion giant Shein plans Mexico factory appeared first on Reuters News Agency.

Sources exclusively shared with Reuters that Avid Technology Inc (AVID.O), a provider of video and audio editing software and equipment, is exploring a potential sale.  The post Media editing software vendor Avid explores sale appeared first on Reuters News Agency.

Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The post Congo to hike stake in copper, cobalt venture […]

Reuters exclusively reported that CICC Capital, a unit of leading Chinese investment bank CICC (3908.HK), has stopped using Capvision Partners’ services following an investigation into the “expert network” as part of Beijing’s crackdown on national security. The post CICC Capital bans consulting firm Capvision after China crackdown appeared first on Reuters News Agency.

Reuters exclusively reported that Chevron Corp’s (CVX.N) renewed oil operations in Venezuela will enter a new phase next month, boosting production with the goal of accelerating recovery of the $3 billion debt owed by the end of 2025.   The post Chevron aims to boost Venezuela oil output to accelerate debt recovery appeared first on Reuters […]

In the latest news on Rakuten’s moves to fortify its balance sheet, Reuters exclusively reported that Japanese e-commerce firm Rakuten was looking to raise around 300 billion yen ($2.2 billion) by issuing new shares to shore up its finances after years of losses from its mobile business. Shares of Rakuten, which were up around 5% […]

Reuters exclusively reported that Western Digital and Japan’s Kioxia Holdings are speeding up their merger talks and now nailing down a deal structure as a slumping flash memory market has put fresh consolidation pressure on the world’s no.2 and no.4 chipmakers. Under the plan now being worked out, the merged entity would be 43% owned […]