Apple is welcome to expand investment in China, commerce minister tells CEO

BEIJING (Reuters) – China’s commerce minister told Apple CEO Tim Cook on Monday that the company is welcome to expand investment in the country, a ministry statement showed. Wang Wentao, the minister, and Cook exchanged views on topics such as Apple’s business development in China and China-U.S. economic and trade relations, according to the statement….

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OpenAI COO to spearhead global growth, partnerships in expanded role, Altman says

(Reuters) – OpenAI’s Chief Operating Officer Brad Lightcap will oversee global expansion and corporate partnerships, CEO Sam Altman said on Monday, as the Microsoft-backed startup seeks to cement its dominance in the fast-growing AI industry. The ChatGPT-maker is partnering with SoftBank Group and Oracle to establish a network of data centers under the $500-billion Stargate…

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    FedEx shares slide as annual forecast cuts stoke worries on economy

    By Shivansh Tiwary (Reuters) -FedEx’s shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from the Trump administration’s sweeping tariffs on trading partners. CEO Raj Subramaniam warned a day earlier that the company was navigating a very “challenging operating environment”…

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    Barclays beats two lawsuits in US over $17.7 billion issuance blunder

    (Reuters) – Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ iPath Series B S&P 500 VIX Short-Term Future exchange-traded notes (“VXX”) could not…

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    Nvidia to open quantum computing lab, CEO says

    By Stephen Nellis SAN JOSE, California (Reuters) -Nvidia will open a quantum computing research lab in Boston, where it plans to collaborate with scientists from Harvard University and the Massachusetts Institute of Technology, CEO Jensen Huang said on Thursday. Huang made the announcement at Nvidia’s annual software developer conference in San Jose, California, where Nvidia held…

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