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Oil rises on geopolitical risks to supply

Dec 2 (Reuters) - Oil prices climbed in early trade on Tuesday for a second consecutive session as market participants assessed risks stemming from Ukrainian drone strikes on Russian energy sites and mounting U.S.-Venezuela tensions. Brent crude futures rose 14 cents, or 0.2%, to $63.31 ...
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Dollar on the defensive as PMI data boosts case for rate cut

By Gregor Stuart Hunter SINGAPORE, Dec 2 (Reuters) - The U.S. dollar remained under pressure on Tuesday as weaker-than-expected manufacturing activity data from the world's biggest economy heaped pressure on the Federal Reserve to cut interest rates at its policy meeting later this month. ...
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Australia rolls out AI roadmap, steps back from tougher rules

By Renju Jose SYDNEY, Dec 2 (Reuters) - Australia on Tuesday unveiled a roadmap to ramp up the adoption of artificial intelligence across its economy but said it would rely on existing laws to manage emerging risks, stepping back from earlier plans for tougher rules ...
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Apple names Amar Subramanya new VP of AI, replacing John Giannandrea

Dec 1 (Reuters) - Apple on Monday named veteran researcher Amar Subramanya as its vice president of AI, replacing John Giannandrea. Apple - a laggard in the AI race - has been slow to add AI features to its products in comparison to rivals such ...
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Amazon to deliver essentials, groceries in 30 minutes in parts of Seattle, Philadelphia

Dec 1 (Reuters) - Amazon.com said on Monday it is testing ultra-fast delivery of household essentials and fresh groceries in parts of Seattle and Philadelphia, as the company doubles down on efforts to grow its domestic footprint. The service, called "Amazon Now", will deliver items ...
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Global Cyber Monday online sales hit $17.3 billion, Salesforce data shows

Dec 1 (Reuters) - Shoppers spent $17.3 billion online on Cyber Monday, Salesforce data showed, capping the Black Friday weekend. Global online sales were up 5.3% through 12 p.m. ET (1700 GMT), according to the data firm. It expects online spending to rise 6% to ...
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US to lower tariffs on South Korean autos to 15% effective Nov 1, Lutnick says

SEOUL, Dec 2 (Reuters) - The U.S. will lower import duties on South Korean autos to 15% effective retroactively to November 1 and match the reciprocal tariffs imposed on Japan and the EU, Commerce Secretary Howard Lutnick said on Tuesday. The move is according to ...
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Bristol Myers must face $6.7 billion lawsuit over delayed cancer drug, US judge rules

NEW YORK, Dec 1 (Reuters) - A U.S. judge on Monday rejected Bristol Myers Squibb's bid to dismiss a $6.7 billion lawsuit claiming it cheated shareholders of the former Celgene by delaying federal approval for three drugs, including the cancer treatment Breyanzi, by specified ...
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Starbucks will pay $38.9 million to settle NYC probe over worker schedules

By Daniel Wiessner Dec 1 - Starbucks has agreed to pay $38.9 million to settle claims by New York City that the coffee chain violated a local law requiring fast food businesses to give workers predictable and stable schedules more than half a million times ...
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Warner Bros Discovery gets mostly cash offer from Netflix, Bloomberg News reports

Dec 1 (Reuters) - Warner Bros Discovery was fielding a second round of bids, including a mostly cash offer from Netflix, in an auction that could conclude in the coming days or weeks, Bloomberg reported on Monday, citing people familiar with the matter.(Reporting ...
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Citadel’s flagship fund gained 1.4% in November, source says

By Anirban Sen Dec 1 (Reuters) - Citadel's flagship fund Wellington posted a 1.4% return in November, boosting the fund's performance for the year to 8.3%, according to a person familiar with the matter. The firm's other funds also notched positive monthly returns. Miami-based Citadel's Global ...
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OpenAI buys stake in Thrive Holdings to push AI into accounting, IT services

Dec 1 (Reuters) - ChatGPT-maker OpenAI has taken a stake in private equity firm Thrive Holdings as part of a partnership to embed artificial intelligence into traditional industries such as accounting and IT services, the companies said on Monday. OpenAI will work with Thrive's engineers ...
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