(Reuters) – Meta Platforms will add former Republican official Dina Powell McCormick and fintech firm Stripe’s CEO Patrick Collison to its board, effective April 15, the social media company said on Friday. The Facebook parent said in a regulatory filing that it is increasing the size of its board to 15 members. Powell McCormick, who…
By Kenrick Cai and Krystal Hu SAN FRANCISCO (Reuters) – Alphabet and Nvidia have joined prominent venture capital investors to back Safe Superintelligence (SSI), a startup co-founded by OpenAI’s former chief scientist Ilya Sutskever that has quickly risen to become one of the most valuable artificial intelligence startups months after its launch, a source familiar with…
By Heekyong Yang, Hyunjoo Jin and Francesco Guarascio SEOUL/HANOI (Reuters) – When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term investment to make the country its…
By Brad Brooks and Rich McKay BOULDER, Colorado (Reuters) – A toy store manager hit with daily price increase notifications. A lip balm manufacturer forecasts a $5 million jump in cost of goods. A concert venue impresario who saw a surprise price hike of $140,000 to install new seats in a performance hall. They are…
By Selena Li HONG KONG (Reuters) – China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded fund (ETF) sector, two people with direct knowledge of the matter said. Over the last two years, Chinese authorities have issued more licences…
By Akash Sriram (Reuters) -U.S. federal budget cuts have started to have some early impact on space startups after funding for such companies dropped 12.5% in the first quarter, according to investment firm Seraphim Space. Elon Musk-led Department of Government Efficiency and the Trump administration have been delaying or cancelling contracts across its agencies to…
By Rae Wee SINGAPORE (Reuters) – In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency. The sudden loss of confidence was nowhere more stark than in the…
By Olivia Le Poidevin GENEVA (Reuters) – Sweeping tariffs on imports imposed by U.S. President Donald Trump and countermeasures could have a “catastrophic” impact on developing countries, hitting even harder than foreign aid cuts, the director of the United Nations trade agency said on Friday. Global trade could shrink by 3-7% and global gross domestic…
WASHINGTON (Reuters) – An American Airlines plane carrying several members of Congress at Reagan Washington National Airport was struck on the taxiway by the wingtip of another American Airlines airplane, the Federal Aviation Administration said Thursday. American Airlines Flight 5490 — a Bombardier CRJ 900 headed to Charleston, South Carolina — struck American Flight 4522…
(Reuters) – U.S. President Donald Trump’s rollback of some of the steep tariffs he has imposed has done little to lower the average import duty rate from the elevated levels to which his wave of levies had driven them, researchers from Yale University said on Thursday. Trump on Wednesday unveiled a 90-day pause on the…
