Potential TikTok bidder seeks a CEO, prepares business overhaul
By Sheila Dang and Krystal Hu (Reuters) – U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s…
US finalizes up to $6.35 billion in chips awards for Samsung Electronics, Texas Instruments
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to…
Fitch raises Sri Lanka rating after creditor nod to $12.55 billion debt overhaul
(Reuters) – Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’…
US funding bill to include plan to allow year-round E15 gasoline sales, sources say
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – An upcoming U.S. government funding bill is expected to include…
Fiat owner Stellantis launches upbeat plan to boost manufacturing in Italy
By Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) -Fiat-maker Stellantis on Tuesday presented an upbeat plan to revitalise its output…
Grubhub to pay $25 million for misleading customers, restaurants, drivers
By Jody Godoy (Reuters) -Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday…
Paramount’s $8.4 billion Skydance merger faces FCC challenge by Center for American Rights
(Reuters) – The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission (FCC) to…
Canada to impose more tariffs on Chinese imports in new year
By Promit Mukherjee OTTAWA (Reuters) – Canada plans to impose tariffs on a slew of Chinese products from as early…
AI startup Basis raises $34 million for accounting automation ‘agent’
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for…
Half US at high risk of power shortfall in next decade, regulator says
NEW YORK (Reuters) – About half of the United States is at increased risk of power supply shortfalls in the…