Stocks
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Samsung has accused India’s competition watchdog of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon (NASDAQ:) and Walmart (NYSE:)’s Flipkart, a legal filing shows. Samsung is embroiled in…
By Melanie Burton MELBOURNE (Reuters) – BHP and Rio Tinto (NYSE:) have used confidentiality agreements to prevent female employees from speaking about sexual harassment at work, according to a lawyer leading Australian class action lawsuits against the miners. Brisbane-based law firm JGA Saddler filed a class action against each mining…
By Gleb Bryanski and Elena Fabrichnaya MOSCOW (Reuters) -Russia has the potential to improve its position in global AI ratings by 2030 despite Western sanctions thanks to talented developers and own generative AI models, Alexander Vedyakhin, first deputy CEO of Russia’s largest lender Sberbank, told Reuters. Sberbank is spearheading AI…
By Valentina Za and Giuseppe Fonte MILAN (Reuters) -UniCredit CEO Andrea Orcel has been drawing up plans to take over Banco BPM for years and was almost ready to pull the trigger, two sources close to the matter said. But instead of being able to choose the right moment, UniCredit…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court dismissed on Wednesday an appeal by artificial intelligence chipmaker Nvidia (NASDAQ:) seeking to avoid a securities fraud lawsuit by shareholders who accused the company of misleading investors about how much of its sales depended on the volatile cryptocurrency market. The justices,…
By Hyunjoo Jin, Lisa Barrington and Heekyong Yang SEOUL (Reuters) – From plastic surgery clinics to tour firms and hotel chains, South Korea’s hospitality sector is wary of the potential impact of a protracted political crisis, as some overseas travellers cancel trips following last week’s brief bout of martial law.…
By Chibuike Oguh, Purvi Agarwal and Shashwat Chauhan NEW YORK (Reuters) -Wall Street’s benchmark rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut. The dipped,…
By Joseph Ax, Rich McKay and Brad Brooks NEW YORK (Reuters) – In the days since Luigi Mangione was charged with murder for gunning down a top health insurance executive, more than a thousand donations have poured into an online fundraiser for his legal defense, with messages supporting him and…
By David Dolan and Rocky Swift TOKYO (Reuters) – A rise in shareholder activism in Japan is poised to fuel a new wave of management buyouts by founding families, after the battle for 7-Eleven’s parent company prompted a $58 billion takeover offer from the Ito dynasty that built the retail…
By David Shepardson WASHINGTON (Reuters) -The United States must do more to address hacking threats after China’s alleged efforts known as Salt Typhoon to infiltrate American telecommunications companies and steal data about U.S. calls, senators said at a hearing Wednesday. “This attack likely represents the largest telecommunications hack in our…
