By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel’s planned acquisition of U.S. Steel received a “thorough analysis” by an interagency review body that was sent to President Joe Biden, who blocked the deal on national security grounds. Yellen, in a live interview on CNBC, said she could…
By Harshita Mary Varghese (Reuters) – U.S. telecom giant AT&T said on Wednesday it would offer bill credits for network outages as part of a new initiative to attract customers, after the industry experienced several significant disruptions in 2024. In February last year, AT&T faced a nationwide wireless service disruption that lasted more than 12…
STOCKHOLM (Reuters) -Meta said on Wednesday it would launch a test in Germany, France and the United States that will enable buyers to browse listings from eBay on Facebook Marketplace and then complete their transactions on eBay. The European Commission had in November fined Meta $840 million over abusive practices benefiting Facebook Marketplace. Meta said…
By Stephen Nellis (Reuters) -Nvidia Chief Executive Jensen Huang said on Tuesday that MediaTek will be able to sell the desktop central processor chip the two companies unveiled earlier this week and that Nvidia has undisclosed future plans for the chip. On Monday at CES 2025, Nvidia unveiled a desktop computer called Project DIGITS. The…
MILAN (Reuters) – Billionaire Elon Musk is looking to carve out a role in Italy’s telecommunications system by expanding his aerospace business Space X and satellite broadband venture Starlink. Italy is evaluating potential supply accords with Starlink and Musk said on Monday that he was “ready to provide Italy the most secure and advanced connectivity!”….
PALM BEACH, Florida (Reuters) – Emirati billionaire Hussain Sajwani promised a $20 billion investment in the booming U.S. data center industry in the coming years, he and U.S. President-elect Donald Trump announced on Tuesday at Trump’s home in Palm Beach, Florida. With an election victory largely driven by voters’ economic concerns, Trump has doubled down…
By Jonathan Stempel (Reuters) – A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett’s conglomerate. Tulipshare, an activist investor group based in London, said on Tuesday it submitted a shareholder resolution for Berkshire’s annual meeting on May 3 to…
By Krystal Hu (Reuters) – Artificial intelligence startups have contributed significantly to the recovery of U.S. venture capital funding from market lows, with the total capital raised in 2024 nearly 30% higher year-on-year, according to PitchBook data released on Tuesday. AI startups also captured a record 46.4% of the total $209 billion raised last year,…
SAO PAULO/MEXICO CITY (Reuters) – E-commerce giants Amazon.com and MercadoLibre stand to benefit from new tariffs on low-cost imports into Mexico over Asian retailers like Shein and Temu, according to analysts at Itau BBA. Mexico this month imposed a 19% tax on imports via courier services from countries with which it does not have a…
(Reuters) -AI startup Anthropic is in advanced talks to raise $2 billion in a deal valuing the OpenAI rival at $60 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Venture capital firm Lightspeed Venture Partners is leading the funding round, the report said. Anthropic was valued at around $18…
