Alibaba scraps cloud business spin-off citing US chip export ban
By Casey Hall and Akash Sriram (Reuters) -Alibaba Group has scrapped plans to spin-off its cloud business, citing uncertainties created…
Exclusive-Applied Materials under US criminal probe for shipments to China’s SMIC-sources
By Karen Freifeld (Reuters) -Semiconductor equipment maker Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on…
IBM suspends ads on X after corporate ads appeared next to pro-Nazi content
(Reuters) – IBM on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found…
At APEC, Biden touts workers’ rights, stable Chinese relations
By Trevor Hunnicutt and David Brunnstrom SAN FRANCISCO (Reuters) -U.S. President Joe Biden on Thursday said he would keep working…
Biden, Xi’s ‘blunt’ talks yield deals on military, fentanyl
By Trevor Hunnicutt, Jeff Mason and Steve Holland WOODSIDE, California (Reuters) -U.S. President Joe Biden and Chinese leader Xi Jinping…
Intel jumps to 17-month high after Mizuho analyst upgrade
By Chibuike Oguh NEW YORK (Reuters) -Shares of Intel rose by nearly 7% on Thursday, hitting their highest level in…
Aston Martin F1 team gets investment from PE firm Arctos
By Anousha Sakoui (Reuters) -The Aston Martin Formula One team said on Thursday it had agreed on an investment by…
Oil prices dive on big US crude stock build, record output
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices tumbled more than 1.5% on Wednesday on a bigger-than-expected rise in U.S. crude…
Microsoft introduces its own chips for AI, with eye on cost
By Stephen Nellis (Reuters) – Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms…
US Postal Service reports $6.5 billion net loss for 2023 fiscal year
(This Nov. 14 story has been corrected to change the first-class mail volume figure to say 46 billion, not 46…