US imposes sanctions on Russia's AO Kaspersky Lab executives over cyber risks
WASHINGTON (Reuters) - The United States slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after the Biden administration announced plans to bar the sale of the Russian company...
Jun 21, 2024
A $40 billion valuation would rank Revolut alongside Europe's biggest banks
By Elizabeth Howcroft and Tommy Reggiori Wilkes LONDON (Reuters) - British fintech Revolut is seeking a valuation of more than $40 billion through a planned share sale, sources have told Reuters, a valuation that would make it worth more than Germa...
Jun 21, 2024
Exclusive-Multiple AI companies bypassing web standard to scrape publisher sites, licensing firm says
By Katie Paul (Reuters) - Multiple artificial intelligence companies are circumventing a common web standard used by publishers to block the scraping of their content for use in generative AI systems, content licensing startup TollBit has told publ...
Jun 21, 2024
Ferrari says new plant will boost flexibility, shorten car development times
MARANELLO, Italy (Reuters) - Ferrari will use its new production site to boost manufacturing flexibility and shorten the time needed to develop and roll out new models, rather than to increase output, the CEO of the Italian luxury sports carmaker s...
Jun 21, 2024
FactSet rides on cost cuts to lift annual profit forecast
(Reuters) - FactSet Research Systems raised its forecast for annual adjusted profit on Friday, as the financial data and analytics company bets on cost cuts to counter sluggish revenue growth. Shares of the company rose 4.2% to $425.45 before the b...
Jun 21, 2024
Huawei says it has made huge strides, from operating systems to AI
SHENZHEN, China (Reuters) - China's Huawei Technologies said on Friday it had made breakthroughs in fields from operating systems to artificial intelligence, and that it had taken the company 10 years to do what the United States and Europe took 30...
Jun 21, 2024
Analysis-Nvidia's staggering gains leave investors wondering whether to cash in or buy more
By Lewis Krauskopf NEW YORK (Reuters) - The huge rally in Nvidia Corp's shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year. Nvidia this week briefly became the largest U.S...
Jun 21, 2024
SoftBank CEO talks up firm's AI ambitions
TOKYO (Reuters) - SoftBank Group CEO Masayoshi Son said on Friday that the group's mission was to help in humanity's progress by realising artificial super intelligence, which he said would exceed human capabilities by a factor of 10,000. "SoftBank...
Jun 21, 2024
In China, AI transformed Ukrainian YouTuber into a Russian
By Alessandro Diviggiano BEIJING (Reuters) - Olga Loiek, a University of Pennsylvania student was looking for an audience on the internet - just not like this. Shortly after launching a YouTube channel in November last year, Loiek, a 21-year-old fr...
Jun 21, 2024
UnitedHealth issues breach notification on Change Healthcare hack
By Amina Niasse NEW YORK (Reuters) - UnitedHealth Group issued a public notice about the February ransomware hack on its Change Healthcare unit on Thursday as part of its requirements to notify the estimated one-third of the country whose private ...
Jun 20, 2024
German battery maker Varta cuts 2024 revenue forecast
(Reuters) - German battery maker Varta AG on Thursday said it would cut its full-year revenue forecast for 2024 due to the declining demand in the energy storage market. The German firm now expects revenue in the range of 820 million euros ($877.56...
Jun 20, 2024
Exclusive-Boyd Gaming makes acquisition approach to Penn Entertainment, sources say
By Milana Vinn and Anirban Sen NEW YORK (Reuters) - U.S. casino operator Boyd Gaming has approached Penn Entertainment to express interest in acquiring its peer that has a market value of more than $9 billion, including debt, according to people fa...
Jun 20, 2024
CDK's cyber outage hits US auto dealers for second day in a row
(Reuters) - A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers across the United States, the affected companies said on Thursday. "The CDK outage is impacting a...
Jun 20, 2024
TikTok says US ban is inevitable without a court order blocking law
By David Shepardson WASHINGTON (Reuters) - TikTok and Chinese parent ByteDance on Thursday urged a U.S. court to strike down a law they say will ban the popular short app in the United States on Jan. 19, saying the U.S. government refused to engage...
Jun 20, 2024
LatAm fintechs quadruple in past 6 years, with more room to grow
By Juana Casas SANTIAGO (Reuters) - The number of financial technology startups, known as "fintechs," has more than quadrupled in the past six years in Latin America, a report showed on Thursday, with one expert pointing to more room to grow in the...
Jun 20, 2024
Coinbase launches $2 million ad targeting Latino voters in US
By Stephanie Kelly NEW YORK (Reuters) - Coinbase launched on Thursday a $2 million ad campaign targeted toward Latino voters, the company told Reuters, as the crypto industry makes moves this U.S. election cycle to put friendly lawmakers into offic...
Jun 20, 2024
Silicon Box to pick Piedmont for $3.4 billion Italian chip plant, sources say
By Elvira Pollina and Giuseppe Fonte MILAN/ROME (Reuters) - Singapore-based semiconductor firm Silicon Box plans to pick the town of Novara in the industrialised northwest Piedmont region as the location for its new multibillion-euro chip factory i...
Jun 20, 2024
Russians report some outages on bank apps after cyberattack, says Kommersant daily
MOSCOW (Reuters) - Russians on Thursday reported some problems with processing payments at major banks after a distributed denial-of-service (DDoS) attack on Russian banks, Russia's Kommersant newspaper reported. At least one Russian bank was telli...
Jun 20, 2024
Electronic components maker Jabil beats estimates as demand recovers
(Reuters) - Electronic components maker Jabil Inc on Thursday posted better-than-expected quarterly results, indicating recovery in demand in its 5G, AI datacenter markets after a sluggish period. Jabil has benefited from the surge in artificial in...
Jun 20, 2024
Exclusive-Biden to ban US sales of Kaspersky software over ties to Russia, source says
By Alexandra Alper WASHINGTON (Reuters) - The Biden administration on Thursday will announce plans to bar the sale of Kaspersky Lab's antivirus software in the United States, a person familiar with the matter said, citing the firm's large U.S. cust...
Jun 20, 2024
Nvidia set to solidify position as world's most valuable company
(Reuters) - Nvidia shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether's lead as the world's most valuable company, after partners Dell and Super Micro Computer received server orders for Elon Musk's AI startup....
Jun 20, 2024
Italy boosts crypto risk oversight and toughens sanctions, draft shows
ROME (Reuters) - Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters showed on Thursday. The decree, due to be approved ...
Jun 20, 2024
China should further ease data export rules, Neuberger Berman, Citi say
SHANGHAI (Reuters) - China should further relax data export rules, building on the recent easing of some curbs for global firms enacted by the city of Shanghai, senior executives from investment management firm Neuberger Berman and global bank Citi...
Jun 20, 2024
Wolfspeed plant delayed as EU's chipmaking plans flounder
By Toby Sterling, Christoph Steitz and Hakan Ersen AMSTERDAM/FRANKFURT (Reuters) - Wolfspeed has delayed plans to build a $3 billion plant in Germany, highlighting the European Union's struggle to increase semiconductor production and reduce its re...
Jun 20, 2024
EU electric car sales drop in May as German demand slumps, industry says
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) - Sales of new battery-electric cars in the European Union dropped 12% in May from a year earlier, led by a 30% plunge in Germany, data from Europe's auto industry body showed on Thursday. Germ...
Jun 20, 2024