Articles from www.reuters.com

Articles from www.reuters.com

Bain and Flipkart report: quick commerce made up over two-thirds of India's e-grocery orders in 2024, with GMV rising nearly five times to $6B-$7B from 2022 (www.reuters.com)
1 day ago India

A US judge rejects Musk's bid to dismiss a lawsuit claiming he defrauded ex-Twitter shareholders by delaying the disclosure of his initial Twitter investment (www.reuters.com)
2 days ago Twitter

Filing: Intel says three board members will not stand for reelection at its 2025 annual meeting, shrinking the size of the board to 11 members (www.reuters.com)
2 days ago Intel

Sources: Blackstone is evaluating a small minority investment in TikTok's US operations, joining the front-running bid by ByteDance's non-Chinese shareholders (www.reuters.com)
2 days ago China

Google will pay $100M in cash to settle a 2011 lawsuit accusing the company of charging for clicks on ads outside the geographic areas the advertisers targeted (www.reuters.com)
2 days ago Google

The US FDIC says banks can engage in cryptocurrency and other legally permitted activities without prior regulatory approval if they manage risks appropriately (www.reuters.com)
2 days ago Cryptocurrency

US chipmaker Wolfspeed's shares fell ~50% on Friday, hitting their lowest since 1998, a day after it appointed a new CEO, amid worries about CHIPS Act funding (www.reuters.com)
2 days ago

Court documents: India criticizes Elon Musk's X for wrongly labeling an official website, used to notify tech firms of harmful content, as a “censorship portal” (www.reuters.com)
2 days ago India Elon Musk

A US federal judge orders agencies whose leaders participated in the Signal chat on the Houthi attacks to preserve all messages sent from March 11 to March 15 (www.reuters.com)
3 days ago

TikTok plans to launch TikTok Shop in France, Germany, and Italy on March 31, expanding its reach in Europe as TikTok's future in the US remains uncertain (www.reuters.com)
3 days ago Germany France Europe Italy

Cleo AI agrees to pay $17M to settle US FTC charges that it deceived customers about amounts and timing of available cash advances (www.reuters.com)
3 days ago AI

Client notice: Chinese server maker H3C warns of potential shortages of Nvidia H20 chips, the most advanced AI chips available in China under US export rules (www.reuters.com)
3 days ago China AI Nvidia

Starboard Value nominates three directors including its CEO, Jeff Smith, to Autodesk's board, rekindling its proxy battle with Autodesk over margin concerns (www.reuters.com)
4 days ago

Sources: Italy hands tax demands to Meta, X, and LinkedIn in the last step in its VAT case, seeking €887.6M from Meta, €12.5M from X, and ~€140M from LinkedIn (www.reuters.com)
4 days ago Italy LinkedIn Tax

Apple says the iPhone 16 series will be available in Indonesia from April 11, after Jakarta lifted a sales ban following Apple's $300M+ investment plan (www.reuters.com)
4 days ago iPhone Apple Ban Indonesia

The US adds six subsidiaries of Inspur Group, China's top cloud provider, and dozens of other Chinese entities to its export blacklist; Inspur was added in 2023 (www.reuters.com)
5 days ago China

Anthropic convinced a California federal judge to reject a preliminary bid to block it from using lyrics owned by UMG and other music publishers to train Claude (www.reuters.com)
5 days ago California

Ripple says it agreed to settle a US SEC civil lawsuit over the alleged sale of unregistered securities and pay just $50M of a previously imposed $125M fine (www.reuters.com)
5 days ago

India's Finance Minister says the country will scrap a 6% tax on digital advertisements, easing costs for US tech giants, as a way of soothing US trade concerns (www.reuters.com)
5 days ago India Tax

Sources: AI chipmaker Cerebras' IPO, in limbo for months, is delayed while Trump fills key roles and CFIUS reviews Abu Dhabi-based G42's $335M investment (www.reuters.com)
5 days ago Trump IPO AI

Sources: the European Commission is set to close its year-long probe into Apple's browser options on iOS after the company made changes to comply with the DMA (www.reuters.com)
5 days ago IOS Europe Apple Browser

Document: India orders Samsung and its executives in the country to pay $601M in back taxes and penalties for dodging tariffs on key telecoms equipment imports (www.reuters.com)
5 days ago India Tax Samsung

Samsung says its co-CEO Han Jong-hee has died at 63 from cardiac arrest (www.reuters.com)
6 days ago Samsung

Sources: quantum computing startup PsiQuantum is raising at least $750M led by BlackRock at a $6B pre-money valuation (www.reuters.com)
6 days ago Startup Quantum

Massachusetts' top securities regulator probes Robinhood's decision to launch a prediction markets hub, after sending the company a subpoena last week (www.reuters.com)
6 days ago

Sources: The Bot Company, co-founded by ex-Cruise CEO Kyle Vogt to make AI-powered household robots, raised $150M at a $2B valuation, up from $550M in May 2024 (www.reuters.com)
8 days ago AI Robot

Filing: CoreWeave is aiming to raise up to $2.7B in its US IPO at a valuation between $27.4B and $32B, selling 49M shares for $47 to $55; Nvidia owns 5.96% (www.reuters.com)
10 days ago IPO Nvidia

X sues Narendra Modi's government in New Delhi, saying its IT ministry has unlawfully expanded censorship powers to allow the easier removal of online content (www.reuters.com)
10 days ago

Chip design software maker Synopsys unveils AgentEngineer, initially letting engineers give AI agents instructions with plans to expand to helping make chips (www.reuters.com)
10 days ago AI

Baidu denies data breach allegations after a top executive's teenage daughter leaked users' personal info, including phone numbers, following an online argument (www.reuters.com)
10 days ago

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