AMSTERDAM (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday support for U.S. central bank independence remains “very strong” in Congress, pushing back on concerns surfaced in recent news coverage that the hands-off status the Fed largely enjoys may be jeopardized by a second presidency of Donald Trump. “I’m less worried about that than…
(Reuters) – Meta Platforms is exploring making earphones powered by artificial intelligence with cameras, The Information reported on Monday citing employees familiar with the matter. A slew of companies, from startups to conglomerates including Meta, are looking to develop AI-based wearable devices to capture growing interest in the sector. The Facebook-parent expects the device, being…
By Anton Bridge TOKYO (Reuters) – Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can employ artificial intelligence, a top executive said on Monday. “Because of the size of our platform, we’re…
(Reuters) -Intel is in advanced talks for a deal with Apollo Global Management in which the equity firm would provide more than $11 billion to build a facility in Ireland, the Wall Street Journal reported on Monday. The move comes as Intel looks to expand its presence across the United States with a planned $100-billion…
PARIS (Reuters) – Technology and software giant Microsoft will invest 4 billion euros ($4.3 billion) in France as part of the annual ‘Choose France’ business summit, its vice chair and president Brad Smith told Le Figaro paper. Smith said much of this investment money would focus on the artificial intelligence (AI) sector and that Microsoft…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Inflation data from the world’s three largest economies – China, the United States and euro zone – sets the tone for world markets this week, and Asia gets the ball rolling on Monday following the April figures out of Beijing at…
MOSCOW (Reuters) – Russian President Vladimir Putin has proposed a surprise new defence minister, nominating civilian Andrei Belousov, a former deputy prime minister who specialises in economics, for the job more than two years into the Ukraine war, the Kremlin said. Below are some facts about Andrei Removich Belousov: * Belousov, 65, graduated from the…
SEOUL (Reuters) – South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a “war” in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of…
By Gabriella Borter, Joseph Ax and Andrew Hay WASHINGTON (Reuters) -Weeks after attending a pro-Palestinian demonstration, Egyptian-American student Layla Sayed received a text message from a friend drawing her attention to a website dedicated to exposing people it says promote hatred of Jews and Israel. “I think they found you from the protest,” the friend…
By Moayed Kenany, Timour Azhari and Adam Makary BAGHDAD (Reuters) -Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use. An Iraqi Kurdish company also took two of the 29 projects up…
