By Patturaja Murugaboopathy (Reuters) -Funds that invest in gold miners are set to attract their largest net monthly inflows in more than a year in March, as record-high gold prices improve firms’ profit outlooks and boost cash flow. Although gold prices also rose last year, miners still struggled to offset inflation-driven spikes in labour and…
BEIJING (Reuters) – China and the United States need to cooperate in artificial intelligence, and duplication of efforts in the area could be avoided, the president of the National Committee on United States-China Relations (NCUSCR) said. Stephen Orlins, who participated in the annual China Development Forum in Beijing, made the remark to reporters, according to…
(Reuters) – OpenAI’s Chief Operating Officer Brad Lightcap will oversee global expansion and corporate partnerships, CEO Sam Altman said on Monday, as the Microsoft-backed startup seeks to cement its dominance in the fast-growing AI industry. The ChatGPT-maker is partnering with SoftBank Group and Oracle to establish a network of data centers under the $500-billion Stargate…
By Marianna Parraga HOUSTON (Reuters) -A U.S. court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum is recommending a judge choose a $3.7 billion offer by an affiliate of Contrarian Funds to set the floor for a new bidding round this year, according to a court filing on Friday….
SAN JOSE (Reuters) -The official YouTube account of Costa Rican President Rodrigo Chaves came back under government control late on Friday after the platform suffered an hours-long cyber attack earlier in the day. According to a presidential statement, experts from the president’s office, the science and technology ministry as well as Google, worked to resolve…
BERLIN (Reuters) -Bayer was ordered by a jury in the U.S. state of Georgia to pay about $2.1 billion to a plaintiff who claimed the company’s Roundup weed killer caused his cancer, the plaintiff’s law firms said late on Friday. The verdict, which Bayer said on Saturday it would appeal, is one of the largest…
(Reuters) – The International Monetary Fund (IMF) will discuss a new $20 billion loan for Argentina during an informal meeting next week, Bloomberg News reported on Friday. The IMF will discuss a four-year extended fund facility of about 15 billion Special Drawing Rights, the report said. A spokesperson for the IMF declined comment on the…
By Nora Eckert and Kalea Hall DETROIT (Reuters) -Jeep-maker Stellantis is offering a new round of buyouts for some of its factory workers as the automaker looks to cut costs following a difficult 2024. The automaker on Friday confirmed that it is offering voluntary buyouts to some workers at facilities in Detroit, Ohio and Illinois….
By Phil Stewart, Idrees Ali and Nandita Bose WASHINGTON (Reuters) -Billionaire Elon Musk held a meeting for more than an hour at the Pentagon on Friday morning as the close ally of President Donald Trump called for the prosecutions of any Pentagon officials leaking false information about his visit. Musk, who is making sweeping cuts…
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Late push lifts Nasdaq to first gain in 5 weeks Many of the world’s major central banks sent a strong message this week that the uncertainty caused by U.S. President Donald Trump’s trade wars is weighing on growth, stoking inflation, and dramatically reducing visibility on the…
