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DHL: German postal service to suspend transport of business parcels to US
DUSSELDORF, Aug 22 (Reuters) - DHL DHLn.DE, which runs Germany's postal service Deutsche Post, said it will suspend acceptance and transport of parcels and postal items containing goods from business customers destined for the United States from August 22."The reason for these likely tempora...Reuters
Fri, Aug 22
South Korea reviewing US investment, weapon purchases plans ahead of summit, top security adviser says
SEOUL, Aug 22 (Reuters) - South Korea's top security adviser Wi Sung-lac said on Friday that Seoul was reviewing plans for U.S. investment and purchases of American weapons ahead of a summit between the countries' leaders. Speaking ahead of the meeting between President Lee Jae Myung and U.S...Reuters
Fri, Aug 22
Sweden's Wallenberg groups launch joint AI company
STOCKHOLM, Aug 22 (Reuters) - AstraZeneca AZN.L, Ericsson ERICb.ST, Saab SAABb.ST, SEB SEBa.ST and Wallenberg Investments will jointly launch an artificial intelligence company to develop advanced AI infrastructure for Swedish companies, Wallenberg said on Friday.The company, Sferical AI, aims to bo...Reuters
Fri, Aug 22
Tennis-Alexandrova knocks out defending champ Noskova to reach Monterrey semis
MONTERREY, Mexico, Aug 22 (Reuters) - Russian second seed Ekaterina Alexandrova beat defending champion Linda Noskova 7-6(5) 4-6 6-2 at the Monterrey Open on Thursday to secure her place in the semi-finals of the U.S. Open tune-up event.Alexandrova, 14th in the world rankings, started the decider br...Reuters
Fri, Aug 22
Musk sought Zuckerberg help for OpenAI bid, court filing shows
Aug 22 (Reuters) - Elon Musk tried to enlist rival Mark Zuckerberg for the $97.4 billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms META.O did not come on board, OpenAI said in a court filing on Thursday.OpenAI, the owner of ChatGPT, said Musk had commun...Reuters
Fri, Aug 22
Sweden's Wallenberg companies to launch joint AI company
OSLO, Aug 22 (Reuters) - AstraZeneca AZN.L, Ericsson ERICb.ST, Saab SAABb.ST, SEB SEBa.ST and Wallenberg Investments will jointly launch an artificial intelligence company to develop advanced AI infrastructure for Swedish companies, Wallenberg said on Friday.Reuters
Fri, Aug 22
Euro zone bond yields little changed ahead of Fed's Powell speech
LONDON, Aug 22 (Reuters) - Euro zone bonds were little changed on Friday as traders braced for a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on the U.S. central bank's monetary path.The German 10-year bond yield DE10YT=RR, the benchmark for the euro zone...Reuters
Fri, Aug 22
Starbucks expects non-binding bids for China business within two weeks, sources say
Starbucks aims to finalise sale by year-end, sources sayPrimavera, Carlyle, Hillhouse, EQT, may bid, sources sayChina market share was 14% in 2024 versus 34% in 2019Cafe chain faces sluggish economy, rapid growth of local rivalsBy Kane Wu and Julie Zhu HONG KONG, Aug 22 (Reuters) - Starbucks SBUX...Reuters
Fri, Aug 22
REFILE-INSIGHT-Famine plays out in Gaza as children denied nourishing food supplements
Aid agencies report rapid increase in child malnutrition cases in GazaGaza hospitals struggle with limited nutritious pastes and therapeutic milk supplies for malnourished childrenDeaths from malnutrition spikeBy Dawoud Abu Alkas, Olivia Le Poidevin and Nidal al-Mughrabi GAZA CITY/GENEVA/CAIRO, A...Reuters
Fri, Aug 22
Baidu chip-design unit Kunlunxin wins over $139 million orders from China Mobile suppliers
By Che Pan and Brenda Goh BEIJING, Aug 22 (Reuters) - Chinese semiconductor design firm Kunlunxin, which is backed by Baidu 9888.HK, said it had won chip orders worth over a billion yuan ($139 million) for telecoms firm China Mobile's 600941.SS AI projects, as authorities push for domestic ...Reuters
Fri, Aug 22
Taiwan president ups defence spending target to 5% of GDP
TAIPEI, Aug 22 (Reuters) - Taiwan President Lai Ching-te said on Friday he hoped defence spending would reach 5% of gross domestic product before 2030, upping a target of bolstering the island's military budget that Washington has pushed for.The previous day, the government said next year's ...Reuters
Fri, Aug 22
ChatGPT Builds a “South Asia HQ”? OpenAI Makes a Major Push Into India
TradingKey - OpenAI has officially registered a legal entity in India and announced the opening of its first office in New Delhi, marking the start of local hiring and signaling a deep strategic commitment to the Indian market. This move goes beyond serving a large user baseTradingKey
Fri, Aug 22
EXCLUSIVE-China's Xi likely to skip October ASEAN leaders summit, sources say
Chinese Premier Li Qiang set to represent China, two regional sources sayMalaysian PM Anwar had earlier said Xi and Trump would attend leaders' summitTrump has said he will meet Xi by year-end if a trade deal is struckBy Laurie Chen and Rozanna Latiff BEIJING/KUALA LUMPUR, Aug 22 (Reuters) - ...Reuters
Fri, Aug 22
Activist Cevian Takes a More Than 3% Stake In Dulux Paint Maker AkzoNobel - FT
Aug 22 (Reuters) - ACTIVIST CEVIAN TAKES STAKE IN DULUX PAINT MAKER AKZONOBEL - FTACTIVIST INVESTOR CEVIAN CAPITAL HAS ACQUIRED A MORE THAN 3% STAKE IN AKZONOBEL - FTSource text: https://tinyurl.com/bdchntjxReuters
Fri, Aug 22
Nvidia CEO in Taipei to visit TSMC, says in talks with US over new China chip
Jensen Huang's trip comes amid escalating US-China tech tensionsHuang says decision on H20 successor is up to the U.S. Nvidia asks Foxconn to stop work related to H20 chip, sources sayBy Ben Blanchard and Wen-Yee Lee TAIPEI, Aug 22 (Reuters) - Nvidia NVDA.O CEO Jensen Huang arrived in Taipei ...Reuters
Fri, Aug 22
Taiwan president says he hopes for defence spending of 5% of GDP by 2030
TAIPEI, Aug 22 (Reuters) - Taiwan President Lai Ching-te said on Friday that he hoped defence spending would reach 5% of gross domestic product by 2030.Lai made the comments in a visit to a naval base, according to a statement released by his office.Reuters
Fri, Aug 22
School closures push Rohingya refugee children into marriage and work
Nearly 500,000 Rohingya children without access to education n Cox's BazarNo child under 12 in refugee settlement has access to formal educationChild marriage up 3%, child labour up 7% this year, aid agencies warnBy Ruma Paul COX'S BAZAR, Bangladesh, Aug 22 (Reuters) - Begum, a Rohingya r...Reuters
Fri, Aug 22
