Mar 13, 2024
Stocks stride past US inflation to milestone highs

By Tom Westbrook SINGAPORE (Reuters) - Asian shares notched seven month highs on Wednesday, on the back of record peaks on Wall Street, as investors mostly shrugged off slightly hotter-than-expected U.S. inflation, betting it won't derail interest rate cuts expected…

Mar 12, 2024
Tesla, rivals get low marks for automated-driving technology

By Joseph White DETROIT (Reuters) - Tesla's Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by major automakers received "poor" ratings from the U.S. Insurance Institute for Highway Safety in a new study released on Tuesday.…

Mar 12, 2024
China’s Xiaomi to start first EV deliveries this month

By Sarah Wu and Qiaoyi Li BEIJING (Reuters) -Xiaomi will this month start deliveries of its first electric vehicle (EV) in China, it said on Tuesday, venturing into the world's largest auto market at a time of aggressive price competition.…

Mar 11, 2024
HSBC to hire almost 50 bankers for startup, venture lending in US

NEW YORK (Reuters) - HSBC is planning to recruit about 50 more bankers in its U.S. commercial bank to lend to startup companies, mainly in the technology and healthcare sectors, according to a senior executive. The London-headquartered bank hired about…

Mar 11, 2024
Nvidia is sued by authors over AI use of copyrighted works

By Jonathan Stempel (Reuters) - Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart O'Nan said…

Mar 08, 2024
Bitcoin rises after rapid climb to new record

By Amanda Cooper and Rae Wee LONDON/SINGAPORE (Reuters) -Bitcoin rallied again on Wednesday in volatile trade, while ether jumped almost 10% as crypto mania continued to sweep through the investment community. Bitcoin rose by as much as 6.8% to a…

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