By Shubham Batra and Shristi Achar A (Reuters) – European shares advanced on Wednesday amid broad-based gains and upbeat corporate updates while investors digested more comments from U.S. Federal Reserve Chair Jerome Powell’s second day of testimony. The pan-European STOXX 600 gained 0.9%, buoyed by a 2.1% rise in real estate shares. French stocks were […]
Elon Musk beats $500 million severance lawsuit by fired Twitter workers
By Jonathan Stempel (Reuters) – Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District Judge Trina Thompson in San Francisco ruled on Tuesday that […]
Biden, NATO set to announce Ukraine aid, stress membership pledge at summit
By Trevor Hunnicutt, Idrees Ali, Sabine Siebold and John Irish WASHINGTON (Reuters) -U.S. President Joe Biden and leaders of other NATO member states are set to announce new aid and stress a membership pledge for Ukraine at a summit in Washington after Biden promised to defend Kyiv against the Russian invasion. As Biden welcomed NATO […]
Microsoft ditches OpenAI board observer seat to stave off antitrust scrutiny
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft has given up its board observer seat at OpenAI in a move aimed at easing U.S. and UK antitrust regulators’ concerns about the extent of its control over the AI startup amid the soaring popularity of generative artificial intelligence. But the change was unlikely to resolve concerns by […]