Google in Mexico faces major potential fine as antitrust ruling nears
By Cassandra GarrisonMEXICO CITY (Reuters) -Mexico’s antitrust watchdog is set to rule by next week on whether Google built an illegal monopoly in digital advertising in the country, a decision that could fine the tech giant 8% of its annual Mexican revenue,...
Blackstone to invest $500 billion in Europe over next decade, Bloomberg reports
(Reuters) -Blackstone plans to invest up to $500 billion in Europe over the next decade, CEO Steve Schwarzman told Bloomberg Television in an interview on Tuesday, underscoring market confidence in the region’s prospects. Schwarzman said Europe represents a...
Exclusive-OpenAI taps Google in unprecedented cloud deal despite AI rivalry, sources say
By Kenrick Cai and Krystal HuSAN FRANCISCO (Reuters) -OpenAI plans to add Alphabet’s Google cloud service to meet its growing needs for computing capacity, three sources told Reuters, marking a surprising collaboration between two prominent competitors in the...
Trump appeals ruling that Venezuelans deported to El Salvador may challenge detention
NEW YORK (Reuters) -The Trump administration on Tuesday appealed a judge’s ruling last week that hundreds of Venezuelans who were deported to El Salvador under an 18th century wartime law must be given the chance to challenge their detentions.Washington-based...
Citi expects banking fees, trading revenue to climb despite US tariff “anxiety”
By Tatiana Bautzer and Arasu Kannagi BasilNEW YORK (Reuters) -Citigroup’s head of banking Vis Raghavan said on Tuesday that performance in its banking and trading divisions will improve this quarter despite “anxiety” over U.S. tariffs.Banking fees...
Vaccine stocks muted as Wall Street takes ‘wait and watch’ approach after Kennedy’s shake-up
By Sriparna Roy and Bhanvi Satija(Reuters) -Shares of global vaccine makers were muted on Tuesday as investors and analysts took a “wait and watch” approach after U.S. Health Secretary Robert F. Kennedy Jr. fired all members of an expert vaccine panel late...
Australia regulator trials faster IPO process as listings hit decade low
By Christine Chen and Scott MurdochSYDNEY (Reuters) -Australia’s securities regulator said on Tuesday it would trial changes to speed up initial public offerings that are at a decade low by implementing recommendations from earlier reviews and allowing faster...
Analysis-Trump’s vision for a twin-engine F-55 fighter jet faces reality check
By Mike StoneWASHINGTON (Reuters) -U.S. President Donald Trump’s vision of a new, twin-engine version of Lockheed Martin’s F-35 fighter jet may need to be scaled back due to cost and engineering realities, according to two people familiar with the...