By Luciana Magalhaes SAO PAULO (Reuters) -Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a strategic partnership in Brazil, where delivery and ride-hailing services have grown rapidly in recent years. Under the collaboration, iFood users will be able to book Uber rides directly from the iFood app, while Uber users…
(Reuters) -Lockheed Martin expects to be awarded a finalized contract on its F-35 jets, which have been beset by delays in a technology upgrade, sooner than it previously anticipated, the U.S. defense contractor’s finance chief said on Wednesday. The fighter jets in lot 19 could potentially be awarded sooner than the second half of this…
(Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.S. companies during a tour of Gulf states. Among the biggest deals, Nvidia said it will sell hundreds of thousands of AI chips in…
By Carolina Mandl NEW YORK (Reuters) -Global hedge funds reaped limited gains from a big Wall Street stock rally triggered by a U.S.-China agreement on tariffs on Monday, a Morgan Stanley note on Tuesday showed. Hedge funds rose 0.60% on average on Monday, underperforming the S&P 500 index, which advanced 3.23% and closed at its…
By David Shepardson NEW YORK (Reuters) -United Airlines may not take delivery of the Boeing 737 MAX 10 until 2027 or 2028 because of uncertainty about when the plane will be approved for use, an executive for the carrier said Tuesday. Boeing has faced significant delays in getting the smaller MAX 7 certified, which must…
By David Milliken LONDON (Reuters) -Bank of England policymaker Alan Taylor said on Monday that he voted for a half-point rate cut last week – in defiance of the majority on the Monetary Policy Committee – because of a “quite perilous” trade situation as well as weakening domestic demand. Last week the BoE voted 5-4…
(Reuters) -Perplexity AI is in advanced talks to raise $500 million in a funding round that would value the startup at $14 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. Venture capital firm Accel is set to lead the round, the report said. Perplexity did not immediately respond to…
By Ann Saphir (Reuters) – The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties, the Treasury Department said on Monday. Treasury reported that net customs duties…
By Krishna N. Das and Charlotte Greenfield NEW DELHI/ISLAMABAD (Reuters) -India and Pakistan have stepped back from the brink of all-out war, with a nudge from the U.S., but New Delhi’s aspirations as a global diplomatic power now face a key test after President Donald Trump offered to mediate on the dispute over Kashmir, analysts…
By Emma Farge and John Revill GENEVA (Reuters) -U.S. Treasury Secretary Scott Bessent on Sunday reported “substantial progress” in U.S. talks with China’s top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva. Bessent told reporters that details would…
