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Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

Intel CEO CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus named as interim Co-CEOs. Gelsinger, whose career has spanned more than 40 years, also stepped down from the company’s board. He started at Intel in 1979 at Intel and was ...
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The Media Line: Why Is the Gender Gap in Tech So Large? Entrepreneurs Push for Change at FemTech 2024 (VIDEO)

Why Is the Gender Gap in Tech So Large? Entrepreneurs Push for Change at FemTech 2024 Experts and innovators emphasized mentorship, confidence, and persistence as key strategies for overcoming systemic inequalities in tech By Veronica Neifakh /
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US retailers aim to cash in on Cyber Monday with steep online discounts

(Reuters) – After lackluster spending at U.S. stores on a deals-heavy Black Friday, retailers will be pulling out all the stops with steep promotions on their websites and apps to entice people to buy holiday gifts and other merchandise after ...
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Uber launches boat hailing service on Kashmir’s scenic Dal Lake

By Fayaz Bukhari SRINAGAR, India (Reuters) – Uber launched a water transport hailing service on scenic Dal Lake in India’s Kashmir region on Monday, offering rides on boats popular with tourists. Users of the service can book trips on the lake’s traditional ...
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What billionaires and their advisors say keeps them from giving more and faster

Marie Dageville and her husband Benoit Dageville became billionaires overnight when his data cloud company, Snowflake, went public in September 2020. After that life changing moment, Marie, a former hospice nurse, then set out to learn how to urgently give away that new fortune. “We ...
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AirBaltic will wait until first half of 2025 for IPO at the earliest

By Joanna Plucinska LONDON (Reuters) – AirBaltic’s initial public offering is now expected at the earliest in the first half of 2025, its chief executive told Reuters on Monday, as the airline’s advisors suggest it waits for market conditions in the ...
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Airbus deliveries topped 80 aircraft in November, sources say

PARIS (Reuters) – Airbus deliveries rose sharply in November to more than 80 jets as the planemaker recovered from a downturn and made progress towards year-end targets, industry sources said. Airbus declined comment on the monthly deliveries, which are due to ...
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Exclusive-Bangladesh halves power buying from India’s Adani amid payment dispute

By Krishna N. Das DHAKA (Reuters) – Bangladesh has halved the power it buys from neighbouring India’s Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hundreds of millions of dollars. Adani, whose ...
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Fed’s Powell may have made US monetary policy boring again

By Howard Schneider WASHINGTON (Reuters) – For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the financial system, offering nearly a decade of ultra-cheap money, jumping ...
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Morning Bid: Dollar flexes on Trump swipe, French politics, yuan slide

A look at the day ahead in U.S. and global markets from Mike Dolan The dollar breezed into December on the front foot, helped by Donald Trump’s weekend support for its global reserve status just as the euro wavered on tense French politics and China’s ...
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Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

By Nivedita Balu TORONTO (Reuters) – Four out of Canada’s six largest banks are expected to show a rise in earnings for the fourth quarter as Bay Street turns its focus to the lenders’ forecasts for the new year amid interest ...
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Volkswagen workers hold 2-hour strikes to push back against proposed pay cuts and plant closures

FRANKFURT, Germany (AP) — Volkswagen workers launched rolling two-hour strikes Monday at nine plants across Germany to underscore their resistance to pay cuts and factory closures the company says are necessary to cope with a slack European auto market. The work stoppages included the company’s ...
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