Foxconn to invest up to $1.37 billion in AI compute cluster, supercomputing centre
By Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s Foxconn said its board of directors has approved an investment plan to procure equipment...
Exclusive-Amazon targets as many as 30,000 corporate job cuts, sources say
By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon (AMZN) is planning to cut as many as 30,000 corporate jobs beginning on...
UK faces $26.8 billion public finances gap from productivity cut, FT reports
LONDON (Reuters) -Britain's budget watchdog is expected to cut a key productivity growth forecast by a larger-than-expected 0.3 percentage points,...
Carbon Measures global accounting group to form independent panel
By Simon Jessop LONDON (Reuters) -Carbon Measures, a global carbon accounting initiative backed by several big energy and multinational companies,...
Novo-backed MapLight valued at $787 million after shares jump in Nasdaq debut
By Arasu Kannagi Basil (Reuters) -MapLight Therapeutics debuted on the Nasdaq on Monday with a valuation of $787 million, becoming...
Intellia pauses gene therapy trials after patient suffers liver injury, shares slide
By Padmanabhan Ananthan (Reuters) -Intellia Therapeutics has temporarily stopped dosing and patient screening in two late-stage studies of its gene...
Factbox-Automakers pool with EV makers to avoid EU emissions fines
MILAN (Reuters) -Automakers have formed alliances to help them avoid hefty European Union fines on carbon emissions by purchasing credits...
China will make ‘substantial’ purchases of U.S. soybeans and should avoid an extra 100% tariff, Bessent says
Treasury Secretary Scott Bessent signaled on Sunday that the U.S. and China will significantly de-escalate their trade war under a...
HSBC to take $1.1 billion hit after Luxembourg court ruling in Madoff case
By Rishav Chatterjee and Selena Li (Reuters) -HSBC Holdings said on Monday it will book a $1.1 billion provision in...
HD Hyundai Heavy, Huntington Ingalls to jointly build U.S. navy auxiliary ships
SEOUL (Reuters) -South Korea's HD Hyundai Heavy Industries and U.S. military shipbuilder Huntington Ingalls have agreed to jointly build U.S....
