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Meta in talks to spend billions on Google’s chips, The Information reports

(Reuters) -Facebook parent Meta is in discussions with Alphabet's Google to spend billions on using Google's AI chips in its data centers from 2027 and to rent chips from Google Cloud by next year, The Information reported on Monday. Google has pitched tensor processing ...
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Australian delivery workers set to gain minimum pay in landmark deal with Uber Eats, DoorDash

By Christine Chen SYDNEY (Reuters) -Australian food delivery workers are on course to gain minimum pay levels after Uber Eats and DoorDash struck a deal with the country's transport union that is being hailed as a world first. Under a draft agreement ...
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European car sales rise 4.9% in October, ACEA says

By Marleen Kaesebier (Reuters) -New car sales in Europe rose 4.9% in October as electric cars outpaced petrol and diesel registrations, European Automobile Manufacturers' Association data showed on Tuesday. WHY IT'S IMPORTANT The European car industry has taken a series of hits this year including U.S. President ...
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Asian shares advance after Wall Street gets a lift from hopes for a Fed rate cut

BANGKOK (AP) - Asian shares mostly gained on Tuesday after U.S. stocks rallied on hopes the Federal Reserve will cut interest rates soon. U.S. futures edged lower and oil prices also declined. Tokyo's Nikkei 225 was trading less than 0.1% higher, at 48,642.81, after reopening from ...
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Morning Bid: Flying blind on a dovish wing

A look at the day ahead in European and global markets from Ankur Banerjee A risk-on rally spurred by the sudden shift in U.S. rate-cut wagers after dovish comments from policymakers may falter in Europe while currency markets remain wary that Tokyo could intervene to ...
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Exclusive-Nigeria’s Dangote picks Honeywell to help fulfill ambitious capacity expansion

By Utkarsh Shetti DUBAI (Reuters) -Nigeria's Dangote has tapped Honeywell to provide services and help double its refining capacity to 1.4 million barrels per day by 2028, in what is the clearest indication yet that its plans to become the world's largest petroleum refinery are ...
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Oil steadies as oversupply concerns vie with Ukraine talks for investor focus

(Reuters) -Oil prices were little changed on Tuesday after rising in the previous session as concerns supply will exceed demand next year outweighed worries Russian shipments will remain under sanctions as talks to end the Ukraine war remain inconclusive. Brent futures fell 17 cents, ...
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Asian stocks edge higher as US rate cut hopes rise

By Scott Murdoch SYDNEY (Reuters) -Asian share markets rallied on Tuesday as hopes grew the Federal Reserve will deliver a December interest rate cut, while investors piled into global technology stocks shrugging off concerns the sector was becoming overheated. MSCI's broadest index of Asia-Pacific shares outside ...
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Spotify to raise US prices in first quarter of next year, FT reports

(Reuters) -Spotify will raise its U.S. subscription prices in the first quarter of next year, the Financial Times reported on Monday, citing three people familiar with the matter. The Swedish streaming giant said in August it would raise prices to 11.99 euros ($13.82) per month ...
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Google, Accel partner to back Indian AI startups

By Abhirami G and Akash Sriram BENGALURU (Reuters) -Alphabet's Google and venture capital firm Accel will partner to fund at least 10 early-stage Indian AI startups, marking the U.S. technology giant's first such funding partnership, top executives at the companies said on Thursday. The move ...
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Dollar unfazed even as Fed cut comes back into view

By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month after dovish comments from policymakers while the frail yen remained on intervention watch. Fed Governor Christopher Waller said the ...
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Decades-long efforts to send uncensored foreign news into North Korea face major setbacks

SEOUL, South Korea (AP) - For two hours every day, Lee Si-young and her colleagues broadcast uncensored foreign news into authoritarian North Korea. Her radio audience could go to jail if caught listening. Lee's Seoul-based Free North Korea Radio station has tried for two decades ...
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