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Indian healthcare AI startup Qure.AI aiming for IPO in two years, CEO says
By Rishika SadamMay 20 (Reuters) - Qure.AI, an India-based startup providing artificial intelligence tools to healthcare firms, is aiming to turn profitable in the next financial year and for an initial public offer (IPO) in two years, its CEO told Reuters.The company, founded in 2016 and largely ba...Reuters
Tue, May 20
Honda CEO Mibe: Tariffs Should Be Set As Low As Possible
May 20 (Reuters) - Honda Motor Co Ltd 7267.T CEO Toshihiro Mibe:HAVE NOT DECIDED YET WHETHER WE WILL LAUNCH A PLUG-IN HYBRID VEHICLE OR NOTIF TRUMP'S TARIFFS WILL BE AROUND FOR LONGER, WE'LL HAVE TO TAKE THE THOUGHT OF PRODUCING MORE U.S.-SOLD CARS IN THE UNITED STATES, BUT CONDITIONS ARE CH...Reuters
Tue, May 20
Vietnam says second round of trade talks started in Washington
HANOI, May 20 (Reuters) - Vietnam and the United States have started a second round of trade negotiations in Washington, the Vietnamese government said on Tuesday as it seeks a deal to avoid a threatened 46% tariff rate that could weaken its export-driven growth model.Reuters
Tue, May 20
Exclusive: Juniper Re bolsters London office with Green hire
By Rebecca Delaney, James ThalerMay 20 - (The Insurer) - Juniper Re, the reinsurance broking arm of the Baldwin Group, has hired Andrew Green as part of the build-out of its newly launched London office.Juniper Re confirmed to The Insurer that Green is joining as senior broker, reporting to Nick Haw...Reuters
Tue, May 20
Seven & i Holdings plans to sell partial stake in Seven Bank to Itochu, Nikkei says
TOKYO, May 20 (Reuters) - Japan's Seven & i Holdings 3382.T plans to sell a partial stake in Seven Bank 8410.T to trading house Itochu 8001.T, with an announcement expected as early as May 30, the Nikkei business reported on Tuesday. Seven & i will initially discuss with Itochu ...Reuters
Tue, May 20
Australian government appoints Marsh as broker for maritime construction risks program
By Rebecca DelaneyMay 20 - (The Insurer) - Marsh has been appointed as broker for the Royal Australian Navy's maritime insurance program for construction risks, the company said on Tuesday.The maritime insurance program encompasses all aspects of Australia's naval shipbuilding, sustainment a...Reuters
Tue, May 20
Japan's super-long bond yields soar to record highs on weak 20-year debt sale
TOKYO, May 20 (Reuters) - The longest-dated Japanese government bond yields soared to record highs on Tuesday as poor results at an auction of 20-year debt spurred worries about demand for so-called super-long securities.Reuters
Tue, May 20
Australia's opposition coalition splits after election loss
National Party quits coalition with Liberal PartyConservative split comes after election loss to centre-left LaborNationals failed to gain support on nuclear energyBy Kirsty Needham and Renju Jose SYDNEY, May 20 (Reuters) - Australia's National Party has split from its conservative coalition ...Reuters
Tue, May 20
Abu Dhabi's Lunate, Brookfield start $1 billion residential property venture
By Hadeel Al SayeghDUBAI, May 20 (Reuters) - Abu Dhabi alternative investment manager Lunate is setting up a $1 billion Middle East residential real estate joint venture with Brookfield, according to a statement on Tuesday.The venture will focus on "developing high-quality build-to-sell and oppo...Reuters
Tue, May 20
Starlink launches in Bangladesh to boost reliable internet access
DHAKA, May 20 (Reuters) - Tech entrepreneur Elon Musk’s SpaceX-owned satellite internet service Starlink launched in Bangladesh on Tuesday, as the South Asian nation steps up efforts to ensure reliable, uninterrupted access to the internet.Muhammad Yunus, who has led the government since Prime Minis...Reuters
Tue, May 20
Japan's bond yields jump after poor outcome of 20-year debt auction
By Kevin BucklandTOKYO, May 20 (Reuters) - Japanese government bond yields jumped on Tuesday as investors sold the securities after poor results at an auction of 20-year bonds spurred worries about demand for super-long debt.The 10-year JGB yield JP10YTN=JBTC vaulted 4.5 basis points (bps) to 1.525%...Reuters
Tue, May 20
Bank Leumi Le Israel BM Says Q1 Net Income Of NIS 2.4 Billion ($646 Million)
May 20 (Reuters) - Bank Leumi Le Israel BM LUMI.TA:CONSISTENT WITH THE STRATEGIC PLAN PRESENTED AT THE BEGINNING OF THE YEAR: LEUMI CONTINUES TO SHOW HIGH DOUBLE-DIGIT RETURNS - AND A NET INCOME OF NIS 2.4 BILLION ($646 MILLION) IN THE FIRST QUARTER OF 2025BANK LEUMI LE ISRAEL BM - Q1 EARNINGS PER S...Reuters
Tue, May 20
Japan is sticking to demand for US to eliminate tariffs, trade envoy says
TOKYO, May 20 (Reuters) - Japan's top trade negotiator, Ryosei Akazawa, said on Tuesday there was no change to Tokyo's stance of demanding an elimination of U.S. tariffs in bilateral trade negotiations.Tokyo will not rush into clinching a trade deal if doing so risked hurting the country's interest
Reuters
Tue, May 20
Thai cabinet approves $4.7 bln funding to counter U.S. tariff impact
BANGKOK, May 20 (Reuters) - Thailand's cabinet on Tuesday approved funding of 157 billion baht ($4.7 billion) for measures to counter the impact of U.S. tariffs on the economy, a government spokesperson said.On Monday, the finance minister said the next phases of a cash handout scheme would be d...Reuters
Tue, May 20
Japan's Honda to scale back on electric vehicles, concentrate on hybrids
TOKYO, May 20 (Reuters) - Honda Motor 7267.T said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on capturing growing demand for hybrids with new models.CEO Toshihiro Mibe told a press conference the automaker has lowered its planne...Reuters
Tue, May 20
New Jersey congresswoman faces assault charge over scuffle outside immigration jail
U.S. Representative LaMonica McIver calls charge 'purely political'U.S. attorney behind case was private lawyer for TrumpTrespassing charge against Newark mayor to be dismissedBy Sarah N. Lynch and Steve GormanWASHINGTON, May 19 (Reuters) - The U.S. attorney for New Jersey said on Monday she...Reuters
Tue, May 20
MediaTek to tape out 2nm chip at TSMC in Sept, MediaTek CEO says
TAIPEI, May 20 (Reuters) - Taiwan's chip designer MediaTek 2454.TW plans to tape out its new 2 nanometer chip at foundry TSMC in September 2025, MediaTek's CEO Rick Tsai said on Tuesday at the Computex forum in Taipei.Reuters
Tue, May 20
US terminates $60 million in Harvard grants over alleged antisemitism
May 19 (Reuters) - The U.S. Department of Health and Human Services said on Monday that it was terminating $60 million in federal grants to Harvard University saying the Ivy League institution failed to address antisemitic harassment and ethnic discrimination on campus. U.S. President Donald Trum...Reuters
Tue, May 20
US terminates $60 million in Harvard grants over alleged antisemitism
May 20 (Reuters) - The U.S. Department of Health and Human Services said on Monday that it is terminating $60 million in federal grants to Harvard University due to its "failure to address anti-Semitic harassment and race discrimination."Reuters
Tue, May 20
