Category: Business

LONDON (Reuters) – Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the tech giants to remove resellers of new Apple products from Amazon’s website, a tribunal ruled on Tuesday. The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers […]

By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) – A flagship coalition aimed at aligning the asset management industry with global climate goals said it was suspending its activities on Monday, days after BlackRock, the world’s biggest investor, left amid a political backlash in the United States. BlackRock, which manages some $11.5 trillion inassets, left […]

(Reuters) -Nvidia’s top customers are delaying orders of the AI chip leader’s latest ‘Blackwell’ racks due to overheating issues, the Information reported on Monday. The Santa Clara, California-based company’s shares fell more than 4% in early trading. The U.S. government also said earlier in the day it would further restrict AI chip and technology exports, […]

By Michelle Nichols UNITED NATIONS (Reuters) – U.N. Secretary-General Antonio Guterres is disappointed that the world’s biggest asset manager, BlackRock BLK.N, has left a global initiative to combat climate change, his spokesperson said on Friday, urging other companies to “stay the course.” The move came under pressure from Republican politicians. BlackRock, which manages some $11.5 […]

(Reuters) – U.S. satellite TV provider DirecTV on Thursday challenged a dismissal of FuboTV’s lawsuit against Venu Sports, the streaming service planned by Walt Disney, Fox and Warner Bros Discovery, saying it does not resolve antitrust issues around the joint venture.  DirecTV’s challenge marks the latest development in a battle between media companies for dominance […]

(Reuters) – Honeywell and NXP Semiconductors will expand their partnership to develop AI-driven technology for aviation and autonomous flying, the companies said on Wednesday. Under the partnership, the companies will combine Honeywell’s Anthem avionics — a cloud-connected cockpit system — and chipmaker NXP’s computing architecture to improve planning and managing flights. The partnership will look […]

By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel’s planned acquisition of U.S. Steel received a “thorough analysis” by an interagency review body that was sent to President Joe Biden, who blocked the deal on national security grounds. Yellen, in a live interview on CNBC, said she could […]

By Jonathan Stempel (Reuters) – Google failed to persuade a federal judge to dismiss a privacy class action claiming it collected personal data from people’s cellphones after they switched off a button to stop the tracking, paving the way for a possible August trial. Chief Judge Richard Seeborg of the federal court in San Francisco […]

ATHENS (Reuters) – Wall Street bank JP Morgan has filed two lawsuits over its investment in fintech Viva Wallet, the latest twist in a legal dispute between the two sides over how to value the Greek business. A source with knowledge of the matter told Reuters that JP Morgan filed a lawsuit in Greece on […]

By Karen Freifeld (Reuters) – A technology industry group on Tuesday urged President Joe Biden’s administration to refrain from issuing a last-minute rule that would control global access to AI chips, warning the restrictions would jeopardize U.S. leadership in artificial intelligence. The Information Technology Industry Council, representing companies like Amazon, Microsoft and Meta, said the […]