NEW YORK (Reuters) – Starbucks was sued on Tuesday by the U.S. state of Missouri, which accused the coffee chain of using a commitment to diversity, equity and inclusion as a pretext to illegally discriminate on the basis of race. In a complaint filed in St. Louis federal court, Missouri accused Starbucks of tying compensation…
By Foo Yun Chee BRUSSELS (Reuters) – DeepSeek may face more actions from national regulators in the future, Europe’s privacy watchdog said on Tuesday, underscoring the bloc’s concerns about the rising popularity of the cheap Chinese artificial intelligence startup. National privacy regulators discussed DeepSeek at a monthly meeting on Tuesday, after Italy blocked the chatbot…
By Jeff Mason ABOARD AIR FORCE ONE/SEOUL/FRANKFURT (Reuters) – President Donald Trump is expected to introduce new 25% tariffs on Monday on all steel and aluminium imports into the U.S., on top of existing metals duties, in another major escalation of his shake-up of trade policy. As the risk mounts of a multi-front trade war,…
LONDON (Reuters) – The price of copper in the United States rocketed on Monday after U.S. President Donald Trump pushed forward his plans to slap tariffs on industrial metals. The premium of U.S. Comex copper futures over those traded on the London Metal Exchange surged to a record of $920 per metric ton by 1820…
PARIS (Reuters) – French President Emmanuel Macron on Monday announced investment pledges to bolster France’s artificial intelligence sector totalling 109 billion euros ($112 billion)over the coming years. The financing, unveiled during the Paris AI summit, includes plans by Canadian investment firm Brookfield to invest 20 billion euros in AI projects in France and financing from…
(Reuters) – Semiconductor startup Groq said on Monday it has secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of its advanced AI chips to the country. Groq, founded by a former Alphabet engineer, is known for producing AI inference chips that optimize speed and execute commands of pre-trained models. The startup…
By Arriana McLymore (Reuters) -Amazon.com removed a reference to “inclusion and diversity” in its annual report filed on Thursday, after it told employees in a December memo that it was winding down its programs as part of corporate America’s broader retreat from such policies. Some of America’s biggest businesses have been scaling back diversity initiatives,…
(Reuters) -U.S. credit card giant American Express identified and closed 30 consumer accounts in 2024 that it said could have had ties to the Government of Iran. The accounts were only used for personal expenses, AmEx said in a regulatory filing on Friday. It also ended its relationship with a third-party ATM network provider, which…
By Alexandra Alper and Raphael Satter WASHINGTON (Reuters) – One of the people working with billionaire Elon Musk in his efforts to overhaul the U.S. government is a Berkeley-educated computer scientist who has boosted white supremacists and misogynists online. Gavin Kliger lists his job on LinkedIn as “Special Advisor to the Director” at the Office…
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase appointed Matt Sable and Melissa Smith as co-heads of commercial banking, the largest U.S. lender said on Friday, as it continues to reorganize the unit. The move follows a broader leadership reshuffle last month in which Jennifer Piepszak was named as chief operating officer to succeed Daniel…
