By Foo Yun Chee BRUSSELS (Reuters) – Amazon’s $1.4 billion acquisition of robot vacuum maker iRobot will be blocked by EU antitrust regulators, three people familiar with the matter said on Friday, as enforcers beef up scrutiny of Big Tech deals. The U.S. online retail giant defied a European Commission’s warning that the deal could …
Amazon’s iRobot deal faces EU antitrust veto, sources say Read More »
By Andrea Shalal (Reuters) -U.S. President Joe Biden on Friday announced student debt cancellation of nearly $5 billion for an additional 74,000 borrowers, including more than half who earned forgiveness after 10 years of public service as teachers, nurses and firefighters. The White House announcement brings the total loan forgiveness approved by the Biden-Harris administration …
Biden cancels nearly $5 billion more in student debt relief Read More »
By IbraheemAbu Mustafa and Nidal al-Mughrabi GAZA/DOHA/TEL AVIV (Reuters) -The Palestinian Red Crescent accused Israel of firing on Friday at a hospital in Khan Younis, as a major advance in the main city in the southern Gaza Strip threatened the few healthcare facilities still open. The Red Crescent said displaced people were injured “due to …
Israeli drones attack hospital in southern Gaza, Palestinian Red Crescent says Read More »
By Layli Foroudi and Juliette Jabkhiro BOBIGNY, France (Reuters) – Three French police officers were handed suspended jail sentences for using excessive force during the 2017 arrest of a young Black man, a French court ruled on Friday, sparking protests outside the courtroom calling for police officers to serve time in prison. The arrest of …
(Reuters) – Elon Musk has said a report that his artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate. “This is simply not accurate,” he said in a reply to a user post about the Bloomberg article on social media platform X. The artificial …
Musk denies report his AI company secures $500 million toward $1 billion funding goal Read More »
By Noel Randewich and Johann M Cherian (Reuters) -The S&P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence. The benchmark’s close confirmed that the S&P 500 has been in a bull market …
S&P 500 notches first record high close in 2 years; chipmakers soar Read More »
By Kantaro Komiya and Joey Roulette TOKYO (Reuters) -Japan on Saturday became the fifth country to put a spacecraft on the moon, but solar power issues threatened to cut short the nation’s mission to prove a “precision” landing technology and revitalise a space programme that has suffered setbacks. The Japan Aerospace Exploration Agency (JAXA) said …
Japan’s SLIM moon craft short on power after successful lunar landing Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices settled slightly lower on Friday but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle …
Oil drops slightly on China demand concerns but records weekly gain Read More »
WARSAW (Reuters) -Poland has met the final conditions needed to gain access to 76 billion euros ($83 billion) in funds from the European Union’s 2021-2027 budget, a minister said on Friday, but Brussels said it was still assessing the situation. The European Union has held back billions in funds earmarked for Poland due to concerns …
EU assessing situation after Poland says it met conditions for funds Read More »
By Stephen Culp NEW YORK (Reuters) – Tech shares helped power the S&P 500 to its first record high close in two years on Friday to confirm a bull market, while European stocks registered weekly declines amid fading expectations for central bank interest rate cuts. Treasury yields inched lower, while supply concerns arising from simmering …
S&P 500 nabs record closing high, Treasury yields dip Read More »
