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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
COLUMN-Cool it with the credit ratings critiques. We need them more than ever: Fridson
By Marty FridsonNEW YORK, Aug 22 (Reuters) - Lambasting credit rating agencies is a favorite pastime of many debt market participants. However, self-interest appears to drive many of the most common criticisms, and history suggests these much-maligned appraisers actually do a pretty good job. Credit...Reuters
Fri, Aug 22
REFILE-SPECIAL REPORT-China's growing nuclear arsenal
By David LagueHONG KONG, Aug 20 (Reuters) - Alongside a massive build-up in conventional military firepower, China has embarked on a rapid and sustained increase in the size and capability of its nuclear forces, according to the U.S. military and arms control experts.The commander of the U.S. Strate...Reuters
Fri, Aug 22
South Korean foreign minister expected to meet Rubio ahead of Trump summit, Yonhap says
SEOUL, Aug 22 (Reuters) - South Korean Foreign Minister Cho Hyun is expected to meet U.S. Secretary of State Marco Rubio for talks as early as Friday, ahead of a summit between the countries' leaders, the Yonhap News Agency reported. U.S. President Donald Trump and South Korean President Lee Ja...Reuters
Fri, Aug 22
South Korea's Lee to send special delegation to China August 24-27
SEOUL, Aug 22 (Reuters) - South Korea President Lee Jae Myung will send a special delegation to China between August 24-27, Lee's spokesperson said on Friday. The delegation will deliver a message from Lee on continuing to develop the countries' strategic partnership, Kang Yu-jung, the spoke...Reuters
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
Alvarez & Marsal to triple global capability centre headcount in India, top exec says
By Sai Ishwarbharath B BENGALURU, Aug 22 (Reuters) - Consulting firm Alvarez & Marsal plans to nearly triple its global capability centre staff in India to 2,000 by the end of 2028, a top executive told Reuters, joining a growing league of firms seeking to tap talent in the world's most p...Reuters
Fri, Aug 22
