By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms was charged by EU antitrust regulators on Monday for failing to comply with landmark tech rules as they took aim at the U.S. company’s newly introduced pay or consent advertising model, already the target of privacy regulators and activists’ ire. The tech giant launched the no-ads subscription…
By Tim Hepher, Shivani Tanna and Mike Stone (Reuters) -Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up. The near-two-decade independence of the world’s largest standalone aerostructures company ended…
(Reuters) – Robinhood Markets said on Monday it had bought artificial intelligence-powered investment platform Pluto Capital, adding the trading app to a growing list of companies looking to offer AI tools to customers. Top technology companies are racing to build AI into their products and services. Generative AI, which aims to create human-like interactions by…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva on Friday renewed his criticism of the country’s central bank, dubbing current borrowing costs “unreal,” and saying the recent weakness of the local currency was related to “speculation.” WHY IT’S IMPORTANT Lula, a leftist, has constantly bashed central bank chief Roberto Campos Neto, a…
(Reuters) – Global equity funds had their biggest weekly inflows in more than three months in the seven days to June 26, driven by expectations of moderating U.S. inflation levels that could lead the Federal Reserve to announce interest rate cuts. Investors purchased global equity funds worth a net $21.65 billion during the week, the…
By Saeed Azhar and Jonathan Stempel NEW YORK (Reuters) -Citigroup urged a judge to dismiss a lawsuit by a former managing director who accused the bank of firing her in retaliation for refusing to give regulators false information. The third-largest U.S. bank said it lawfully terminated Kathleen Martin because she lacked the leadership and engagement…
(Reuters) -Saudi Aramco will take a 10% stake in Horse Powertrain, the thermal engines joint venture between Renault and Geely, the Chinese automaker said on Friday. Reuters earlier in the day reported that Aramco was close to buying a 10% stake in Horse Powertrain. The transaction values the joint venture, which supplies gasoline engines, hybrid…
By Tom Hals WILMINGTON, Delaware (Reuters) – Tesla is claiming Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, despite a judge rescinding it earlier this year, according to court filing made public on Friday. The company’s filing comes two weeks after Tesla shareholders voted to…
By Jonathan Stempel NEW YORK (Reuters) – Ten large banks including Bank of America, Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market for interest rate swaps. Lawyers for investors filed a preliminary settlement to end the eight-year-old…
(Reuters) – Nikola said it has delivered a hydrogen fuel cell powered electric semi-truck to Walmart Canada, making it the first major retailer in the country to add it to its fleet. Reuters reported in April Tesla Semi trucks were in short supply for customers, including Walmart and Pepsi, and the companies were turning to…
