AI means everyone can now be a programmer, Nvidia chief says

Reuters | May 29, 2023

TAIPEI (Reuters) – Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia Corp CEO Jensen Huang said on Monday, hailing the end of the “digital divide”. Nvidia has surged to become the world’s most valuable listed semiconductor company as a major supplier […]

U.S. warns China could hack infrastructure, including pipelines, rail systems

Reuters | May 26, 2023

By Raphael Satter, Zeba Siddiqui and James Pearson (Reuters) -The U.S. State Department warned on Thursday that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group had been spying on such networks. A multi-nation alert issued Wednesday revealed the […]

US auto sales to rise in May as inventories improve – report

Reuters | May 25, 2023

(Reuters) – New vehicle sales in the U.S. are expected to rise in May, on robust demand for personal transport and improving inventories at dealers, a report from industry consultants showed on Thursday. U.S. new-vehicle sales, including retail and non-retail transactions, are estimated to reach 1.3 million units in May, up 15.6% from a year […]

As Bud slips, Heineken plots further shake-up of U.S. light beer

Reuters | May 23, 2023

By Doyinsola Oladipo and Philip Blenkinsop NEW YORK/BRUSSELS (Reuters) – As investors try to assess the fallout on global brewing leader Anheuser-Busch InBev from a backlash against Bud Light, rival Heineken is spending $100 million to promote a new light beer to Americans. The Dutch brewer sees Heineken Silver driving fresh momentum into its U.S. […]

US supply chain woes shift and persist in 2023

Reuters | May 17, 2023

By Lisa Baertlein CHICAGO (Reuters) -The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger. Rates for trucking, ocean shipping and other transportation tumbled after U.S. consumers shifted […]

G7 finance chiefs debate reducing supply chain reliance on China

Reuters | May 12, 2023

By Christian Kraemer and Tetsushi Kajimoto NIIGATA, Japan (Reuters) -Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday. Japan, which is hosting a three-day G7 meeting to debate key global themes […]

Lithium miners surge as Allkem-Livent tie up fuels M&A hopes

Reuters | May 11, 2023

By Melanie Burton MELBOURNE (Reuters) – Shares in Australian-listed lithium miners jumped on Thursday after a $10.6 billion merger in the sector raised expectations for more consolidation among producers of the key metal in electric vehicle batteries. The tie up between Allkem Ltd and Livent announced on Wednesday will create the world’s third-biggest producer of […]

Marketmind-Another one bites the dust

Reuters | May 1, 2023

(Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. Just when you thought it was safe to go back into the banking system, First Republic Bank has folded and U.S. regulators have agreed to sell its assets to JPMorgan. JPMorgan was one of a number of interested buyers […]

Alphabet shares fall on report Samsung may dump Google Search for Bing

Reuters | April 18, 2023

(Reuters) -Alphabet Inc shares fell as much as 4% on Monday following a report South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices. The report, published by the New York Times over the weekend, underscores the growing challenges Google’s $162-billion-a-year search engine business face from […]

Alibaba to roll out generative AI across apps, Beijing flags new rules

Reuters | April 11, 2023

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 – and said it would be integrated into all of the company’s apps in the near future. The unveiling, which came on the […]

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