(Reuters) -Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday. The startup and Oracle have…
Month: July 2024
S&P 500’s tech dominance sparks calls for portfolio diversification
By Ankika Biswas (Reuters) – The gap in returns between the S&P 500 and the index’s equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI…
NATO agency orders Stinger anti-aircraft missiles for $700 million, Stoltenberg says
WASHINGTON (Reuters) – NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million dollars in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday….
Citi to cease operations in Haiti after 50 years
(Reuters) -Citigroup will wind up its operations in Haiti due to weak demand from institutional clients and lower international banking activity, ending its presence of more than five decades in the country….
Boeing in talks with US defense department on impact of guilty plea, source says
By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the…
Eli Lilly to buy bowel disease drug developer Morphic for $3.2 billion
(Reuters) -Eli Lilly will acquire Morphic Holding for $3.2 billion, the companies said on Monday, giving the U.S. drugmaker access to an experimental drug for inflammatory bowel disease. Shares of drug developer…
Exclusive-Satellite photos show Iran expanding missile production, sources say
By Jonathan Landay and Parisa Hafezi WASHINGTON/DUBAI (Reuters) – Recent satellite imagery shows major expansions at two key Iranian ballistic missile facilities that two American researchers assessed are for boosting missile production,…
Peru gets 300 million euros credit from German bank KfW for digital transformation
(Reuters) – Peru’s government said on Saturday that it would receive a credit of up to 300 million euros ($325.08 million) from the German bank KfW Development Bank to spend on a…
Revolut CEO to sell part of stake in $500 million share sale, Sky News reports
(Reuters) -British fintech company Revolut’s CEO Nikolay Storonsky will cash in part of his multibillion dollar stake in the company as part of a $500 million share sale, Sky News reported on…
Carlyle in talks to buy Baxter’s kidney care unit, source says
(Reuters) – Private equity firm Carlyle Group is in exclusive talks to acquire Baxter International’s kidney care spinoff Vantive for more than $4 billion, including debt, a person familiar with the matter…