Novartis scraps use of diverse panels for hires in US
By Paul Arnold and Maggie FickZURICH (Reuters) -Swiss drugmaker Novartis is ending its use of diverse panels for all of its hiring in the United States, the company told Reuters on Wednesday, citing the changing legal and policy landscape surrounding diversity in the...
Allianz, BlackRock and T&D in consortium for Cinven’s Viridium stake
FRANKFURT (Reuters) -A consortium that includes Allianz, BlackRock and T&D Holdings are investing in Viridium Group in a 3.5 billion euro ($3.82 billion) deal that will see the private equity company Cinven exit as a majority investor, the companies said on...
Apple ordered by EU antitrust regulators to open up to rivals
By Foo Yun CheeBRUSSELS (Reuters) – Apple was ordered by EU antitrust regulators on Wednesday to open up its closed ecosystem to rivals, with the latter spelling out details on how to go about it in line with the bloc’s landmark rules and where...
Instatnt View: Fed doesn’t change rates, will slow pace of balance sheet reduction
(Reuters) – The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing...
Nvidia CEO says orders for 3.6 million Blackwell GPUs exclude Meta
(Reuters) -Nvidia CEO Jensen Huang said on Wednesday that orders for some 3.6 million of its flagship “Blackwell” chips from four top cloud service providers “under represented” demand, since they did not include orders from key customer...
Exclusive-Proposed US port fees on China-built ships begins choking coal, agriculture exports
By Lisa Baertlein, Karl Plume and Timothy GardnerLOS ANGELES/CARLSBAD, Calififornia (Reuters) -President Donald Trump’s plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell...
NASA may require Boeing’s Starliner to fly third uncrewed test
By Joey RouletteWASHINGTON (Reuters) – Boeing’s troubled Starliner capsule that left two NASA astronauts on the International Space Station last year may need to fly a third uncrewed test flight before it carries astronauts again, agency officials said as...
XPeng sees better-than-expected quarterly revenue on new markets, cheaper SUVs
(Reuters) – Chinese electric vehicle maker XPeng on Tuesday forecast first-quarter revenue above estimates, betting on the launch of its lower-priced G6 and G9 SUV models as well as its foray into European markets.China has a hyper-competitive EV market where...