By Aditya Kalra NEW DELHI (Reuters) – Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart’s Flipkart to exclusively launch products on the e-commerce firms’ Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon…
SEATTLE (Reuters) – A strike at Boeing “could go on for a while” as workers are confident they can get bigger wage increases and an improved pension, union leader Jon Holden said in an interview with National Public Radio (NPR) on Saturday. More than 30,000 members of the International Association of Machinists and Aerospace Workers…
By Jonathan Stempel (Reuters) – Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it fraudulently billed the U.S. government for prescriptions that were never dispensed, the Department of Justice said on Friday. The Justice Department said Walgreens violated the federal False Claims Act between 2009 and 2020 by submitting payment claims to…
By Andrew Osborn and Mark Trevelyan LONDON (Reuters) – Vladimir Putin’s options to retaliate if the West lets Ukraine use its long-range missiles to strike Russia could include striking British military assets near Russia or, in extremis, conducting a nuclear test to show intent, three analysts said. As East-West tensions over Ukraine enter a new…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Nvidia’s huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant’s fortunes turn. This year’s 140% surge in shares of Nvidia, whose chips are seen as the gold standard in…
(Reuters) -Microsoft-backed OpenAI said on Thursday it was launching a series of AI models designed to spend more time processing to solve hard problems. The models, dubbed o1 and o1-mini, can reason through complex tasks and solve harder problems than previous models in science, coding and math, the AI firm said. The o1 will be…
By Jonathan Stempel (Reuters) – Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway, sold more than half of his Class A shares in the conglomerate this week. According to a Wednesday night regulatory filing, the 73-year-old Jain sold 200 Berkshire Class A shares on Sept. 9 for about $139.1 million, at…
WASHINGTON (Reuters) – A top Nippon Steel executive plans to meet with senior U.S. officials on Wednesday to try and salvage the firm’s $14.9 billion bid for U.S. Steel, a person familiar with the matter said. The meeting, which will feature Takahiro Mori, a key negotiator on the deal, is also expected to include Treasury…
By Simon Lewis WASHINGTON (Reuters) – The Biden administration on Wednesday notified the U.S. Congress that it will provide Egypt with $1.3 billion in military aid, a State Department spokesperson said, the first time since 2020 Egypt will receive the total amount of U.S. funding despite human rights conditions. The announcement comes as Washington has…
By Noel Randewich (Reuters) – Shares of Trump Media & Technology Group, majority-owned by former U.S. President Donald Trump, surged for a second day on Tuesday ahead of a debate between the Republican presidential candidate and Vice President Kamala Harris. The stock jumped over 4% and lifted the value of Trump’s stake in the company…
