DETROIT (AP) — Traffic is set to start flowing Monday across a new bridge over the Detroit River that will serve as a critical route for trade, jobs and tourism between Canada and the U.S. Last week, Canada celebrated the Gordie Howe International Bridge with a ribbon-cutting ceremony in Windsor, On
July 27 (Reuters) – Shein’s draft prospectus for a Hong Kong market listing has for the first time shed light on the top management and ownership structure of the online fast-fashion retailer, which was founded in China in 2012. The filing, which lays the groundwork for investor roadshows and offici
July 27 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. A fragile truce seems to have settled on the Gulf as the U.S. military ceased its attacks, in part because of concerns it was running out of ammunition, and Iran said it would pause for as long as the U.S. he
BEIJING, July 27 (Reuters) – Profits at China’s industrial firms grew at a solid, though slower, pace as resilient exports helped cushion sluggish domestic demand, highlighting the economy’s uneven recovery despite policymakers’ efforts to spur consumption. Exports and industrial production have don
By Wayne Cole SYDNEY, July 27 (Reuters) – Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and earnings reports. Iran said on Sunday it would halt its own att
NEW YORK (AP) — Oil prices eased in early trading Sunday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf for a second straight day. The price for a barrel of Brent crude oil to be delivered in Septem
July 26 (Reuters) – Nvidia is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project, The Wall Street Journal reported on Sunday. The guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank’s energy subsidiary is
SEOUL, July 27 (Reuters) – South Korea’s Naver said in a regulatory filing on Monday that Nvidia will acquire $1 billion of its shares to be newly issued as part of an investment partnership to build a new data center. (Reporting by Jack Kim; Editing by Chris Reese) Brought to you by www.srnnews.com
By Abigail Summerville July 26 (Reuters) – Brown-Forman, maker of Jack Daniel’s whiskey, said on Sunday its board had received an unsolicited takeover bid from privately held spirits company Sazerac, but concluded the offer was “not actionable.” New Orleans-founded Sazerac, whose rye drink is the ci
By Florence Tan and Trixie Yap SINGAPORE, July 27 (Reuters) – Oil prices tumbled 4% on Monday after the U.S. and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of H
VILLAVICIOSA DE ODÓN, Spain (AP) — Elvira Menéndez knows how lucky she is that her house is not a charred ruin like so many others in Spain and France devastated by deadly wildfires. But the 79-year-old retiree can’t help but worry for another family that, like her, fled the raging inferno. “They ha
To be fair, James Cameron did warn us. Long before OpenAI broke out of its test corral and hacked into Hugging Face, before the internet and Sam Altman were even born, Cameron wrote a screenplay about an autonomous artificial intelligence system that triggers a nuclear apocalypse. That system, “Skyn
CAIRO (AP) — The United States and Iran paused their attacks for a second straight day Sunday, as efforts continued to bring them back to negotiations on an interim ceasefire deal largely undermined by recent exchanges of fire. It was not clear why the U.S. has paused after targeting Iranian coastal
By Luciana Magalhaes SAO PAULO, July 26 (Reuters) – Brazilian President Luiz Inacio Lula da Silva called new U.S. tariffs unfair and a strategic mistake in a Sunday opinion column for The Washington Post, warning they would harm the countries’ bilateral partnership and drive up costs for U.S. consum
How Digital Payments Are Changing Daily Life in Idlib, Syria Digital wallets have moved beyond salary payments to everyday purchases, reshaping commerce in northwest Syria while raising questions about access, security, and reliability Rizik Alabi / The Media Line [IDLIB] Hassan leaves his home for
HONG KONG (AP) — China has a hot new product in the United States: artificial intelligence. San Francisco-based Raffi Krikorian, the chief technology officer at Mozilla, which runs the Firefox browser, switched to Chinese AI startup Moonshot’s Kimi K3 for many of his day-to-day activities within day
July 25 (Reuters) – London Stock Exchange Group’s (LSEG) Lipper unit said on Saturday it was investigating an unusually large transaction in one investment-grade bond fund that distorted its wider fixed-income fund flow data. “We are investigating this matter and have identified a sizeable flow with
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a sna
By Ashwin Manikandan MUMBAI, July 25 (Reuters) – India said on Saturday it would continue engaging with the United States to conclude a bilateral trade agreement, after Washington imposed a 10% tariff on imports from the South Asian nation under new trade measures. The Trump administration on Friday
What’s for dinner? Lately, at Apral Jack’s house, it’s whatever is on sale. Jack, 50, scouts an app for deals at her local supermarket before she buys groceries. When she reaches the store, she looks in the weekly circular for coupons she might have missed. If shelf prices look too high, she tries t
Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow to come down. That’s been frustrating for Americans hit with
By Cecile Mantovani and Denis Balibouse MOLESON-SUR-GRUYERES, Switzerland, July 25 (Reuters) – The Alpine farmers who make one of Switzerland’s most famous cheeses are seeking to fill the hole in sales left by U.S. import tariffs, which have caused demand to plunge in one of their most important exp
LEGE-CAP FERRET, France (AP) — France sent a hulking military cargo plane to dump tons of flame retardants as it battled raging wildfires on Saturday and slashed the final stage of Tour de France to redeploy security personnel to the blazes that forced tens of thousands of people to flee their homes
By Federico Maccioni and Ahmed Elimam DUBAI, July 25 (Reuters) – Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global funds Blackstone, Brookfield and KKR, the state-owned Gulf firm said on Saturda
NEW YORK (AP) — Paramount and Warner Bros. Discovery have agreed to delay closing their $81 billion merger well into next year, a stunning move that arrives as a judge continues to consider a challenge from 12 states seeking to block the deal altogether. Paramount said in a filing Friday that it won
By David Shepardson WASHINGTON, July 24 (Reuters) – Major U.S. airlines will need to retrofit planes by the end of 2030 to address potential wireless interference after a new auction of wireless spectrum, but the carriers will be eligible for as much as $2.2 billion in government rebates to cover th
SAO PAULO, July 24 (Reuters) – Brazilian aircraft manufacturer Embraer said on Friday its firm order backlog hit a record of $34.5 billion at the end of the second quarter, up 16% from a year earlier. • The commercial aviation backlog stood at $15.1 billion in April-June quarter, up 15%, while execu
July 24 (Reuters) – Barclays said on Friday that risks to its oil price forecasts are skewed higher depending on how long the “impasse” over the Strait of Hormuz lasts. In a scenario in which the current situation lasts for another one, two, or three months, Barclays thinks there could be a $2 per b
July 24 (Reuters) – Alphabet’s robotaxi firm Waymo is considering ending its partnership with Uber due to a souring relationship between the companies, the Financial Times reported on Friday, citing people familiar with the matter. Uber’s shares closed down 4.3%. Waymo has had internal conversations
By Jody Godoy July 24 (Reuters) – Paramount Skydance on Friday agreed to pause its acquisition of Warner Bros. Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty. The agreement pausing the deal until next June, at the latest,
