News
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RealSense Raises $50 Mln In Series A Funding, Spins Out from Intel
July 11 (Reuters) - RealSense: REALSENSE COMPLETES SPIN OUT FROM INTELREALSENSE: RAISES $50 MILLION IN SERIES A FUNDING TO ACCELERATE GROWTH IN AI-POWERED COMPUTER VISIONREALSENSE: FUNDING BACKED BY INTEL CAPITAL, THE MEDIATEK INNOVATION FUNDSource text: [ID:]Reuters
Fri, Jul 11
Ford agrees voluntary redundancies for troubled e-car site in Cologne
By Rachel More BERLIN, July 11 (Reuters) - Ford F.N has agreed to a job protection scheme at its Cologne plant covering over 10,000 workers, with voluntary redundancies planned in response to the sluggish uptake of electric cars, the company and German employee representatives said on Friday. ...Reuters
Fri, Jul 11
White House reviews mass federal layoff plans, aims for swift action
White House moves swiftly to implement mass federal layoffsThousands of federal jobs are expected to be cut across agenciesLawsuits related to due process, union rights and civil service protections expectedBy Nandita Bose WASHINGTON, July 11 (Reuters) - The White House is scrutinizing layoff pla...Reuters
Fri, Jul 11
RealSense spins out from Intel, secures $50 million to drive AI vision in robotics
By Akash SriramJuly 11 (Reuters) - Computer vision technology firm RealSense said on Friday it has completed its spinout from Intel Corp INTC.O and secured $50 million in early-stage funding to accelerate expansion into the rapidly growing robotics sector.The company develops cameras that enable mac...Reuters
Fri, Jul 11
Kremlin says it expects proposals from Ukraine on dates for talks
MOSCOW, July 11 (Reuters) - The Kremlin said on Friday that Moscow expected proposals from Ukraine on the dates for new talks with Kyiv.Resuming negotiations after a gap of more than three years, Russia and Ukraine held face-to-face talks in Istanbul on May 16 and June 2 that led to a series of pris...Reuters
Fri, Jul 11
European securities regulator warns about crypto firms misleading customers
By Elizabeth Howcroft PARIS, July 11 (Reuters) - Europe's securities regulator warned crypto companies on Friday not to mislead customers about the extent to which their products are regulated - the latest sign of European authorities trying to limit crypto-related risks.The European Union...Reuters
Fri, Jul 11
REFILE-U.S. top diplomat Rubio says 'high probability' that Trump and Xi will meet
KUALA LUMPUR July 11 (Reuters) - U.S. Secretary of State Marco Rubio on Friday said there was "high probability" of a meeting between President Donald Trump and his Chinese counterpart Xi Jinping, but no date has been discussed. Rubio was speaking to reporters on the sidelines of a regional ...Reuters
Fri, Jul 11
Deals of the day-Mergers and acquisitions
July 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday: ** Australian building services provider Johns Lyng Group said it agreed to be bought by investment firm Pacific Equity Partners (PEP) for an equity value of A$1.1 bill...Reuters
Fri, Jul 11
Axis hands Jeske, Sales and Mandel leadership roles in cyber team restructure
By Isha MaratheJuly 10 - (The Insurer) - Axis Capital has appointed Matt Jeske to head large-account underwriters, Ashley Sales to lead middle-market underwriters and Brett Mandel to lead SME and digital underwriters in its North America global cyber and technology (GCT) team.The leadership shuffle...Reuters
Fri, Jul 11
US top diplomat Rubio says meeting with China 'very constructive'
KUALA LUMPUR, July 11 (Reuters) - U.S. Secretary of State Marco Rubio on Friday said his meeting with Chinese counterpart Wang Yi was "very constructive", adding on the sidelines of a regional meeting in Malaysia that the two sides still had "issues" to resolve.Reuters
Fri, Jul 11
US singer Chris Brown pleads not guilty to lesser assault charge in UK court
LONDON, July 11 (Reuters) - U.S. singer Chris Brown on Friday pleaded not guilty to a charge of assault causing actual bodily harm by allegedly attacking a music producer with a bottle in a London nightclub two years ago.Brown last month denied a more serious charge of attempting to inflict grievous...Reuters
Fri, Jul 11
Rainbow expands restaurant insurance program to New York
By Ashish TiwariJuly 11 - (The Insurer) – Small business insurance platform Rainbow launched its business owner’s policy (BOP) for restaurants in New York on Thursday, its most ambitious rollout of the program to date.New York is the third-largest restaurant market in the U.S., with more than 20,000...Reuters
Fri, Jul 11
NHTSA opens recall query of more than 27,000 Polestar 2 vehicles
July 11 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it has opened a recall query covering 27,816 of Sweden-based EV maker Polestar's PSNY.O Polestar 2 vehicles over loss of rear-view camera image.Reuters
Fri, Jul 11
Ford agrees to deal to shield Cologne jobs, works council says
BERLIN, July 11 (Reuters) - U.S. carmaker Ford F.N has agreed with German union IG Metall to protect the jobs of all employees at its site in Cologne through 2032, with voluntary redundancies allowing the company to achieve its restructuring aims, its works council said on Friday."The job cuts a...Reuters
Fri, Jul 11
Consilium appoints Coleman to senior team after Baird's exit
By Scott VincentJuly 11 - Consilium has appointed Peter Coleman to its senior leadership team, the specialty broker said on Friday.The appointment comes after the departure of co-CEO James Baird, which was announced on Tuesday, Coleman's title at Consilium has not been confirmed by the broker. I...Reuters
Fri, Jul 11
NHTSA Says Opens Recall Query Into About 27,816 Polestar 2 Vehicles Over Loss Of Rear-View Camera Image
July 11 (Reuters) - NHTSA- OPENS RECALL QUERY INTO ABOUT 27816 POLESTAR 2 VEHICLES OVER LOSS OF REAR-VIEW CAMERA IMAGESource: https://tinyurl.com/36cmct3yFurther company coverage: [A4N1y.F]Reuters
Fri, Jul 11
Nissan to supply cars to Honda in US, Nikkei says
TOKYO, July 11 (Reuters) - Nissan Motor 7201.T is in discussions to supply cars to Honda Motor 7267.T in the United States, Nikkei reported on Friday without citing sources.Nissan is considering using its Mississippi factory in the U.S., which has a declining operating rate, to produce large pick...Reuters
Fri, Jul 11
Trump administration backs away from abolishing FEMA, Washington Post reports
July 11 (Reuters) - U.S. President Donald Trump has backed away from abolishing the Federal Emergency Management Agency (FEMA), the Washington Post reported on Friday.No official action is being taken to wind down FEMA, and changes in the agency will probably amount to a "rebranding" that w...Reuters
Fri, Jul 11
Nissan To Supply Pickup Trucks Manufactured At Mississippi Plant To Honda, Nikkei Says
July 11 (Reuters) - Nissan Motor Co Ltd 7201.T:NISSAN TO SUPPLY CARS TO HONDA IN US, NIKKEI SAYSNISSAN TO SUPPLY PICKUP TRUCKS MANUFACTURED AT MISSISSIPPI PLANT TO HONDA, NIKKEI SAYSSource text: https://asia.nikkei.com/Business/Automobiles/Nissan-mulls-making-trucks-for-Honda-at-underused-US-plantReuters
Fri, Jul 11
