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…
PALM BEACH, Florida (Reuters) -President-elect Donald Trump said on Tuesday that he wants the U.S. Congress to extend the nation’s debt ceiling, adding that he did not want to see the federal government default on its debt, which currently tops $36 trillion. “I just don’t want to see a default. That’s all I want,” Trump…
By Alexandra Alper, Aatreyee Dasgupta WASHINGTON (Reuters) -U.S. President Joe Biden unlawfully blocked Nippon Steel’s $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday. The companies want the U.S. Court of Appeals for the District of Columbia to overturn Biden’s…
By Shivansh Tiwary (Reuters) -American Airlines’ stock is poised for a strong 2025 as the carrier emerges from a challenging year, according to brokerages Jefferies and TD Cowen, who upgraded the stock to a “buy” rating on Monday. Shares of the carrier were up nearly 5% at $17.78 in morning trading. The carrier spent much…
By Matt Tracy (Reuters) – U.S. companies rushed to the corporate bond markets on Monday as what is usually a seasonal fund-raising spree over the first few days of a new year gained extra momentum to get ahead of any further rise in Treasury yields – which would increase funding costs – after jobs data…
