Year: 2023

  • Moody’s sees negative outlook for Latin American companies on high rates, low growth

    BOGOTA (Reuters) – Non-financial industry companies in Latin America are facing a negative outlook for next year because of continued high interest rates, slow regional economic growth and projected low prices for commodities because of a deceleration in China, Moody’s said on Wednesday. The ratings agency said that though credit conditions for Latin American companies…

  • Alphabet announces reduced costs for its leading AI model Gemini

    Alphabet announces reduced costs for its leading AI model Gemini

    By Anna Tong In a bid to attract developers to build on its artificial intelligence platform, Alphabet on Wednesday said it was making a version of its most advanced model available to developers immediately, as well as reducing costs.Ā  Last Wednesday, the Google owner introduced three versions of its most advanced artificial intelligence model called…

  • Coinbase’s international exchange to launch spot crypto trading

    Coinbase’s international exchange to launch spot crypto trading

    (Reuters) -Coinbase will start offering spot crypto trading services on its international exchange from Thursday, the company said, as it expands beyond the U.S. Spot trading on the international exchange, currently geared toward derivatives, will roll out in phases, starting with bitcoin and ether against USDC stablecoin from Dec. 14 for institutional clients, the company…

  • How cybercriminals are using Wyoming shell companies for global hacks

    How cybercriminals are using Wyoming shell companies for global hacks

    By Raphael Satter WASHINGTON (Reuters) – Somali reporter Abdalle Ahmed Mumin was doubly distressed when he heard that a colleague had been abducted by masked gunmen at the University of Mogadishu on the morning of Aug. 17. A fellow journalist was missing and Mumin – the chairman of the Somali Journalists Syndicate – had little…

  • Explainer-Epic Games verdict adds to Googleā€™s global antitrust woes

    Explainer-Epic Games verdict adds to Googleā€™s global antitrust woes

    By Mike Scarcella (Reuters) – ā€œFortniteā€ maker Epic Games won a major antitrust trial against Alphabetā€™s Google in San Francisco, persuading a federal jury on Monday that some of the technology giantā€™s rules for its app Play store violated U.S. competition law. Hereā€™s a look at whatā€™s next in the case, and other major antitrust…

  • Google’s court loss to Epic Games may cost billions but final outcome years away

    Google’s court loss to Epic Games may cost billions but final outcome years away

    By Jaspreet Singh and Harshita Mary Varghese (Reuters) – Google’s stunning defeat in a legal battle with “Fortnite” maker Epic Games may clear the way for rival app stores on its Android mobile system but a lengthy appeals process will likely prevent any changes for years, according to analysts and legal experts. A jury in…

  • Stubbornly high rental costs lift US consumer inflation in November

    Stubbornly high rental costs lift US consumer inflation in November

    By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices unexpectedly rose in November as a decline in the cost of gasoline was more than offset by increases in rents, further evidence that the Federal Reserve is unlikely to pivot to interest rate cuts early next year. The report from the Labor Department on Tuesday also showed…

  • Disney, Reliance discuss India entertainment merger, sources say

    Disney, Reliance discuss India entertainment merger, sources say

    By Aditya Kalra and M. Sriram NEW DELHI (Reuters) -Reliance Industries and Walt Disney have held talks to merge their Indian entertainment operations though the companies have not reached any broad agreement on structures or valuations, two people familiar with the matter said on Tuesday. The two sides have held talks in recent weeks about…

  • Bankrupt trucking co Yellow approved for $1.88 billion real estate sale

    Bankrupt trucking co Yellow approved for $1.88 billion real estate sale

    By Dietrich Knauth NEW YORK (Reuters) -Bankrupt trucking company Yellow Corp received court approval on Tuesday to sell most of its shipping centers and real estate to multiple buyers for $1.88 billion, ending a bidder’s long-shot effort to keep the company intact. U.S. Bankruptcy Judge Craig Goldblatt approved the sale at a court hearing in…

  • Health insurer Centene raises 2024 profit forecast

    By Khushi Mandowara (Reuters) -U.S. health insurer Centene Corp on Tuesday raised its 2024 adjusted profit forecast, bringing it broadly in line with Wall Street expectations, mainly due to higher premiums and expansion of its Medicaid business in two states. The company’s shares rose nearly 4% after it also added $4 billion to its buyback…