By Wen-Yee Lee TAIPEI (Reuters) -U.S.-based cloud services provider GMI Cloud said on Monday it will build a $500 million artificial intelligence data centre in Taiwan with the support of U.S. chipmaker Nvidia. The data centre will come online by March 2026 and will run on Nvidia’s new Blackwell GB300 chips. The facility will house…
By Matt Spetalnick, Patricia Zengerle and Simon Lewis WASHINGTON (Reuters) -When President Donald Trump defended Saudi Arabia’s crown prince this week over the 2018 killing of U.S.-based journalist Jamal Khashoggi, he did more than just stir renewed accusations from critics of an affinity toward strongmen. Trump’s remarks, which contradicted U.S. intelligence findings, threw into stark…
By Mike Scarcella WASHINGTON (Reuters) -Elon Musk’s social media platform X has ended its lawsuit against elite law firm Wachtell, Lipton, Rosen & Katz that sought to recover most of a $90 million fee the firm received for defeating Musk’s bid to walk away from his multibillion-dollar purchase of Twitter. X told a state court…
By Ann Saphir (Reuters) -Chicago Federal Reserve President Austan Goolsbee on Thursday said he is uneasy about cutting interest rates in the face of too-high inflation that’s steady at best and by some measures getting worse, remarks that signal a reluctance to support a third straight reduction in borrowing costs next month. “My unease is…
(Reuters) -Defense supplier L3Harris Technologies said on Tuesday it will invest $400 million in a new solid rocket motor production campus in Arkansas, marking one of the largest such expansions in the U.S. in decades. The new 110-acre campus at Camden, Arkansas will feature more than 20 buildings and expand manufacturing capacity of large solid…
SYDNEY (Reuters) -Meta will block Australian users under 16 from accessing Instagram, Facebook and Threads by December 10 to comply with the country’s sweeping social media ban for teenagers, the company said on Thursday. The company said it had begun notifying users it believed were between 13 and 15 years old that their accounts will be…
By Matt Tracy WASHINGTON (Reuters) -U.S. corporate credit spreads widened on Monday as the U.S. stock market closed below a key technical indicator for the first time in months. The average option-adjusted spread on U.S. high-yield corporate credit, or the premium over Treasury spreads paid by companies to borrow, widened six basis points between Friday…
(Reuters) -U.S. President Donald Trump’s lavish welcome of Crown Prince Mohammed bin Salman to Washington this week, touted by many as rehabilitation of human rights record of Saudi Arabia’s de facto ruler, has been followed by the kingdom ramping up its planned U.S. investments to $1 trillion. The move marks a remarkable increase from the…
(Reuters) -Shares in Amkor Technology rose more than 8% in after-the-bell trading on Wednesday during Nvidia’s conference call after the AI chip leader’s chief financial officer named Amkor among companies it plans to work with on chip packaging. Amkor shares were last at $33.58 after hitting a high of $34.75 after closing the regular session up 2.4%…
(Reuters) -The Social Security Administration has scrapped a plan that would have stopped thousands of Americans from qualifying for disability benefits, the Washington Post reported on Wednesday, citing people familiar with the decision. The policy would have changed eligibility for two federal disability programs by either eliminating or limiting the age of the claimant as…
