News
Important Only
China's CATL to raise at least $4 billion in Hong Kong listing
More than 20 cornerstone investors subscribed for $2.62 billion worth of sharesCATL's shares to start trading on Hong Kong Stock Exchange on May 20Maximum offer price of HK$263 per shareBy Scott Murdoch May 12 (Reuters) - Chinese battery manufacturer CATL 300750.SZ aims to raise at least HK$3...Reuters
Sun, May 11
OpenAI negotiates with Microsoft for new funding and future IPO, FT reports
May 11 (Reuters) - OpenAI and Microsoft MSFT.O are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant's access to cutting-edge AI models, the Financial Times reported on Sunday....Reuters
Sun, May 11
Hamas says it will release Israeli-American hostage Edan Alexander
Hamas seeks ceasefire, humanitarian aid with Alexander's releaseQatar and Egypt see release as step towards ceasefire talksTrump's envoy calls release a positive step forwardBy Samia Nakhoul and Nidal al-Mughrabi CAIRO, May 11 (Reuters) - Israeli-American hostage Edan Alexander will soon ...Reuters
Sun, May 11
Trump to sign executive order on reducing prescription drug prices
WASHINGTON, May 11 (Reuters) - U.S. President Donald Trump said on Sunday he would sign an executive order that he said would reduce prescription drug and pharmaceutical prices by between 30% and 80%. In a post on Truth Social, Trump said he would sign the executive order on Monday morning."They...Reuters
Sun, May 11
Norway's wealth fund sells all its fixed income from Mexico's Pemex due corruption risk
OSLO, May 11 (Reuters) - Norway's wealth fund, the world's largest, has sold all its fixed income investments in Mexican state oil firm Pemex, it said on Sunday, citing what it called an unacceptable risk that the company is involved in corruption. The fund's ethics watchdog, the Council...Reuters
Sun, May 11
Eli Lilly's Zepbound outperforms Novo Nordisk's Wegovy for weight loss in trial
May 11 (Reuters) - Eli Lilly LLY.N said on Sunday its drug Zepbound was superior to Novo Nordisk's NOVOb.CO Wegovy across five weight-loss targets such as reducing waist circumference, citing data from a head-to-head trial.Lilly reported in December that its obesity drug had already met the main...Reuters
Sun, May 11
At Sunday Mass in New York, Americans celebrate their new pope
By Maria TsvetkovaNEW YORK, May 11 (Reuters) - Excitement rippled through New York City's St. Patrick's Cathedral on Sunday morning, the first since an American was picked to lead the Roman Catholic Church in a selection that surprised and delighted many of his countrymen and women.At Sunday...Reuters
Sun, May 11
Norway's Wealth Fund to engage Rio Tinto, South32 over environmental concerns
May 12 (Reuters) - Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has decided to actively engage with mining companies Rio Tinto RIO.AX and South32 S32.AX regarding their environmental practices, the fund operator said on Sunday.The executive board of the la...Reuters
Sun, May 11
Norway wealth fund divests from Israel's Paz Retail and Energy due West Bank activities
By Gwladys Fouche OSLO, May 11 (Reuters) - Norway's sovereign wealth fund, the world's largest, has sold all of its shares in Israel's Paz Retail and Energy PAZ.TA because it owns and operates infrastructure for the supply of fuel to Israeli settlements in the occupied West Bank, it s...Reuters
Sun, May 11
UK's Starmer, under pressure from Farage, tightens migration rules
By William Schomberg LONDON, May 11 (Reuters) - Prime Minister Keir Starmer announced a new salvo of measures to toughen up Britain's migration system on Sunday, saying many immigrants would have to wait longer before getting the status they need to claim welfare.Starmer's government - wh...Reuters
Sun, May 11
Trump set to accept luxury 747 from Qatar to use as Air Force One, ABC News says
By Joseph AxMay 11 (Reuters) - The Trump administration intends to accept a Boeing BA.N 747-8 plane as a gift from the Qatari royal family that would then be outfitted to serve as Air Force One, ABC News reported on Sunday, citing unnamed sources familiar with the matter.The luxury plane, which woul...Reuters
Sun, May 11
Ransomware group Lockbit appears to have been hacked, analysts say
By Raphael Satter WASHINGTON, May 8 (Reuters) - The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group's websites and security analysts who follow the gang.On Wednesday one of Lockbit...Reuters
Sun, May 11
Israel attacks Yemen's Hodeidah after evacuation warnings, Houthis say
May 11 (Reuters) - Israel attacked Hodeidah in Yemen after the Israeli army said it had warned residents of three ports under Houthi control to evacuate, the Houthi interior ministry said on Sunday.The strikes came shortly after Israel warned residents of Ras Isa, Hodeidah and Salif to leave, saying...Reuters
Sun, May 11
Norway wealth fund divests from Israel's Paz Retail and Energy due West Bank activities
OSLO, May 11 (Reuters) - Norway's wealth fund, the world's largest, has sold all of its shares in Israel's Paz Retail and Energy PAZ.TA as it owns and operates infrastructure for the supply of fuel to Israeli settlements in the occupied West Bank, it said on Sunday.Reuters
Sun, May 11
US tells Israel that Hamas' freeing hostage would lead to negotiations to release more
CAIRO, May 11 (Reuters) - The United States told Israel that Hamas' freeing of the Israeli-American hostage Edan Alexander would lead to negotiations for the release of more hostages, Prime Minister Benjamin Netanyahu's office said on Sunday.Israel's policy is that negotiations will be c...Reuters
Sun, May 11
WTO chief urges US-China to build on momentum from 'positive' talks at Geneva
May 11 (Reuters) - World Trade Organization chief Ngozi Okonjo-Iweala said she was "pleased with the positive outcome" of trade talks between the U.S. and China in Geneva and urged the two nations to build on the momentum, she said in a statement on Sunday."I urge both nations to build o...Reuters
Sun, May 11
US envoy praises reported plan by Hamas to release Israeli-American hostage
WASHINGTON, May 11 (Reuters) - A reported plan by Hamas to release the last surviving American hostage in Gaza is a positive step forward, U.S. special envoy Adam Boehler said on Sunday.Axios reported that Hamas will release Edan Alexander, an Israeli-American, as part of an effort to reach a ceasef...Reuters
Sun, May 11
