By Rae Wee, Medha Singh and Hannah Lang (Reuters) – Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investor[...]
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April 11, 2023
Ford will retool Ontario factory to build EVs starting next year
By Joseph White DETROIT (Reuters) – Ford Motor Co said Tuesday that next year it will start retooling its sport utility vehicle assembly plant in Oakville, Ontario to produce electric vehicles,[...]
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Alibaba to roll out generative AI across apps, Beijing flags new rules
By Josh Horwitz and Josh Ye SHANGHAI (Reuters) – Alibaba Group Holding Ltd on Tuesday showed off its generative AI model – its version of the tech that powers chatbot sensation ChatGPT[...]
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Hyundai Motor Group to invest $18 billion in South Korean EV industry by 2030
By Heekyong Yang SEOUL (Reuters) -Hyundai Motor Group said on Tuesday it planned to invest 24 trillion won ($18.14 billion) in South Korea’s electric vehicle (EV) industry through 2030, bolsteri[...]
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Citadel founder Ken Griffin donates $300 million more to alma mater Harvard
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor Kenneth Griffin, who started his hedge fund in his dormitory at Harvard University, is donating $300 million to his alma mater, r[...]
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IMF warns bank failures highlight ‘perilous’ financial stability risks
By Hannah Lang (Reuters) – The International Monetary Fund warned on Tuesday of a “perilous combination of vulnerabilities” in financial markets, saying participants’ failing t[...]
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Boeing delivers 130 planes in Q1, beating Airbus by 3 jets
By Valerie Insinna WASHINGTON (Reuters) – Boeing on Tuesday announced 130 airplane deliveries over the first quarter of 2023, inching past rival Airbus, which delivered 127 jets. Boeing’s[...]
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Meta’s WhatsApp rolls out business payment tool in Brazil
By Andre Romani SAO PAULO (Reuters) – Meta Platforms on Tuesday began rolling out its payments tool to small and medium-sized firms through its WhatsApp messaging platform in Brazil, part of Met[...]
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Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rules
By Jody Godoy and Bharat Gautam (Reuters) – A U.S. judge on Monday denied Theranos founder Elizabeth Holmes’ request to remain free on bail while she appeals her conviction on charges of d[...]
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