AI firm Perplexity eyes $14 billion in valuation in fresh funding round, WSJ reports
(Reuters) -Perplexity AI is in advanced talks to raise $500 million in a funding round that would value the startup…
US budget surplus surges to $258 billion in April, year-to-date deficit tops $1 trillion
By Ann Saphir (Reuters) – The U.S. government posted a $258 billion budget surplus for April, up 23%, or about…
Analysis-India’s diplomatic ambitions tested as Trump pushes for deal on Kashmir
By Krishna N. Das and Charlotte Greenfield NEW DELHI/ISLAMABAD (Reuters) -India and Pakistan have stepped back from the brink of…
US, China reach deal to cut trade deficit, US officials say, details on Monday
By Emma Farge and John Revill GENEVA (Reuters) -U.S. Treasury Secretary Scott Bessent on Sunday reported “substantial progress” in U.S….
OpenAI negotiates with Microsoft for new funding and future IPO, FT reports
(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the…
Zelenskiy cautious after Putin proposes direct peace talks with Ukraine
(Reuters) – Ukrainian President Volodymyr Zelenskiy responded guardedly on Sunday to a proposal from Russian President Vladimir Putin of rapid…
Exclusive-China buys Canadian, Australian wheat as heat hits crop, traders say
By Michael Hogan, Peter Hobson and Gus Trompiz HAMBURG/CANBERRA/PARIS (Reuters) -Chinese buyers bought between 400,000 and 500,000 metric tons of…
ECB should keep steady hand, hold rates close to current levels, Schnabel says
(Reuters) -The European Central Bank should stop cutting borrowing costs as turmoil in the global economy is fuelling price pressures…
Texas secures $1.38 billion settlement with Google over data privacy
(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over…
Fed’s Cook warns tariffs could lower productivity, feed inflation
By Howard Schneider PALO ALTO (Reuters) -President Donald Trump’s unfolding trade policy may curb U.S. productivity and possibly require higher…