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Telegram, Musk's xAI partner to distribute Grok to messaging app's users
May 28 (Reuters) - Telegram CEO Pavel Durov said on Wednesday its messaging app and Elon Musk's artificial intelligence company xAI have agreed to a partnership to distribute Grok to its more than billion users.Telegram will receive $300 million in cash and equity from xAI and 50% of revenue fro...Reuters
Wed, May 28
Samsung India executives seek to quash $81 million penalty over tax evasion
Samsung faces big tax challenge in key Indian marketSeven execs challenge penalty in case, source, document showExecutives argue India rushed to deliver order, source saysBy Arpan Chaturvedi NEW DELHI, May 28 (Reuters) - Seven Samsung India executives have asked a court to revoke penalties of $8...Reuters
Wed, May 28
Zelenskiy says Ukraine not being invited to NATO summit would be a victory for Putin
KYIV, May 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that Ukraine not being invited to the upcoming NATO summit would mean a victory for Russian President Vladimir Putin over the alliance.Zelenskiy had said on Tuesday that NATO chief Mark Rutte wanted Ukraine to attend ...Reuters
Wed, May 28
Telegram CEO Durov Says Telegram & xAI Have Agreed To A 1-Year Partnership To Distribute Grok To Telegram's Users And Integrate It Into Its Apps
May 28 (Reuters) - TELEGRAM CEO DUROV: TELEGRAM AND XAI HAVE AGREED TO A 1-YEAR PARTNERSHIP TO DISTRIBUTE GROK TO TELEGRAM’S USERS AND INTEGRATE IT INTO ITS APPSTELEGRAM WILL RECEIVE $300M IN CASH, EQUITY FROM XAI, PLUS 50% OF REVENUE FROM XAI SUBSCRIPTIONS SOLD VIA TELEGRAM- TELEGRAM CEO PAVEL DURO...Reuters
Wed, May 28
ADVISORY-Alert on Pfizer from law firm's press release withdrawn
An alert on a court hearing against Pfizer PFE.N was inadvertently published from a law firm's press release and has been withdrawn. There will be no substitute.STORY_NUMBER:nTUAMRJWWSTORY_DATE:28/05/2025STORY_TIME:12:00:03 GMTReuters
Wed, May 28
Zelenskiy says Ukraine reaches defence sector accords with Germany
KYIV, May 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that Ukraine and Germany had reached new agreements on defence sector investments.Zelenskiy, who was speaking in Berlin alongside German Chancellor Friedrich Merz, did not give further details. Kyiv has increasingly s...Reuters
Wed, May 28
Indonesia antitrust agency finds risk of monopoly from TikTok's Tokopedia takeover
JAKARTA, May 28 (Reuters) - Indonesia's antitrust agency on Wednesday said last year's takeover of the country's biggest e-commerce platform Tokopedia by TikTok carried a risk of monopoly. TikTok, owned by China's ByteDance, in January 2024 completed a deal to buy 75.01% of Tok...Reuters
Wed, May 28
Gaza Humanitarian Foundation says aid distribution to Gaza temporarily halted due to disorder
CAIRO, May 28 (Reuters) - The U.S.-backed Gaza Humanitarian Foundation (GHF) said on Wednesday that aid distribution in Gaza was temporarily halted due to disorder, adding that it is working to resolve the issues to guarantee safety.Reuters
Wed, May 28
Bredahl and Bonneau-led Novel launches with fee income and balance sheet management model
By David BullMay 28 - (The Insurer) - Former PartnerRe CEO Jacques Bonneau and Howden Re’s Rob Bredahl have launched Novel Financial Holdings, a start-up aiming to own attorney-in-facts (AIFs) and traditional stock companies supporting MGUs, combining fee income with underwriting returns.Bonneau and...Reuters
Wed, May 28
RPT-BREAKINGVIEWS-Xiaomi stores fuel to stoke China’s car battles
By Katrina Hamlin HONG KONG, May 28 (Reuters Breakingviews) - Xiaomi 1810.HK is primed to launch the next salvo in China’s car wars. The smartphone-to-autos maker reported record first-quarter revenue on Tuesday, while adjusted net income rose by two-thirds to $1.5 billion. A 10% profit margin an...Reuters
Wed, May 28
RPT-BREAKINGVIEWS-Salesforce’s return to M&A fits its sedate remodel
By Robert Cyran NEW YORK, May 27 (Reuters Breakingviews) - Salesforce CRM.N founder Marc Benioff has tested investors’ patience with costly M&A. His return to big-ticket dealmaking looks suitably chastened. The company’s $8 billion purchase of Informatica INFA.N, announced on Tuesday, diverge...Reuters
Wed, May 28
RPT-BREAKINGVIEWS-Tech titans clash over scraps of limited time
By Jennifer SabaNEW YORK, May 27 (Reuters Breakingviews) - Any smartphone is a window to a jostling crowd of apps: Meta Platforms’ META.O Facebook and Instagram, Alphabet’s GOOGL.O YouTube, Apple’s AAPL.O messaging service, and so on. The only constraint is the number of minutes in a day each user ...Reuters
Wed, May 28
Toyota Plans To Increase Plug-In Electric Vehicles From 2.4% Last Year To Roughly 20% Of Its U.S. Sales Volume By 2030-CNBC
May 28 (Reuters) - TOYOTA PLANS TO INCREASE PLUG-IN ELECTRIC VEHICLES FROM 2.4% LAST YEAR TO ROUGHLY 20% OF ITS U.S. SALES VOLUME BY 2030-CNBCSource text: https://tinyurl.com/rf2prkubReuters
Wed, May 28
Ford recalls nearly 1.1 million vehicles over rearview camera software issue
By David ShepardsonMay 28 (Reuters) - Ford Motor F.N is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash.The recall covers some 2021 through 2024 model year Bronco, F-150, Edge, and 2023...Reuters
Wed, May 28
Honeywell to add Elliott's Marc Steinberg to board
May 28 (Reuters) - Honeywell HON.O will appoint activist investor Elliott Investment Management's Marc Steinberg to its board, the company said on Wednesday, ahead of its planned split into three independently listed companies.Steinberg, a partner at Elliott who also serves on the board of Etsy ...Reuters
Wed, May 28
Elanco Appoints Robert Vanhimbergen As Chief Financial Officer
May 28 (Reuters) - Elanco Animal Health Inc ELAN.N:ELANCO APPOINTS ROBERT (BOB) VANHIMBERGEN AS CHIEF FINANCIAL OFFICERELANCO ANIMAL HEALTH INC - APPOINTS ROBERT VANHIMBERGEN AS CFO EFFECTIVE JULY 7, 2025ELANCO ANIMAL HEALTH INC - RECONFIRMS SECOND QUARTER AND FULL YEAR GUIDANCEELANCO ANIMAL HEALTH ...Reuters
Wed, May 28
Vertiv Announces CFO Retirement Reaffirms Second Quarter And Full Year 2025 Guidance
May 28 (Reuters) - Vertiv Holdings Co VRT.N:VERTIV ANNOUNCES CFO RETIREMENT; REAFFIRMS SECOND QUARTER AND FULL YEAR 2025 GUIDANCEVERTIV HOLDINGS CO - CFO DAVID FALLON TO RETIRE IN SECOND HALF OF 2025VERTIV HOLDINGS CO - REAFFIRMS SECOND QUARTER AND FULL YEAR 2025 GUIDANCEReuters
Wed, May 28
