Business
Foreigners add net $32.7 billion to EM portfolios in March -IIF
By Rodrigo Campos NEW YORK (Reuters) - Foreigners added about $32.7 billion to their emerging market portfolios in March, a fifth consecutive month of overall foreign net flows to EMs, the Institute of International Finance said on Tuesday. The ...
US charges, sanctions Iranians linked to Revolutionary Guard cyber command
By Paul Grant and Jonathan Stempel WASHINGTON/NEW YORK (Reuters) - The U.S. government on Tuesday announced criminal charges and sanctions against four Iranians over an alleged multi-year cyber campaign targeting more than one dozen American ...
Tesla to lay off more than 3,000 employees in California, notices show
(Reuters) - Tesla is set to cut 3,332 jobs in California, the electric-vehicle maker said in multiple Worker Adjustment and Retraining Notification (WARN) notices on Monday. (Reporting by Akash Sriram in Bengaluru and Hyunjoo Jin in San ...
Exclusive-US defense contractor L3Harris to cut 5% of workforce to save costs, email shows
By Utkarsh Shetti, Nathan Gomes and Mike Stone (Reuters) - U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik said in an email to employees seen by Reuters ...
Italy's cabinet outlines framework, investment for Artificial Intelligence
By Angelo Amante ROME (Reuters) - Italy's cabinet approved a bill on Tuesday aimed at laying down ground rules for the use of Artificial Intelligence (AI), earmarking investment in the sector and setting sanctions for AI-related crimes, ministers ...
Column-Has Wall Street peaked too early this year?: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - History suggests Wall Street's recent 5% mini-correction won't be its last this year, but stocks face potentially higher earnings and interest rate hurdles in the second half of the year if ...
Interest in electric vehicles in Canada drops for second year: survey
Interest in electric vehicles (EVs) in Canada is waning, despite manufacturers introducing new models and price segments. According to an annual survey from AutoTrader , Canadians are wary of the limited range of EVs, insufficient charging ...
Young Canadians think retiring at 65 is an outdated concept
Canadians’ views on retirement are shifting dramatically as the cost of living rises and longer life expectancies become the norm, with the idea of retiring at age 65 being one of the early casualties. Seventy-four per cent of Canadians between ...
AI boom to fuel natural gas demand in coming years, report says
(Reuters) - A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co said in a report on ...
IBM nearing a buyout deal for HashiCorp, WSJ reports
(Reuters) - International Business Machines is nearing a deal to buy cloud software provider HashiCorp, the Wall Street Journal reported on Tuesday. Shares of HashiCorp rose more than 7% following the news, while Big Blue's shares were ...