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By Akash Sriram and Abhirup Roy (Reuters) -Tesla’s quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk’s politics, rising global competition, and people waiting for a refresh to its highest-selling electric vehicle Model Y. The stumbling sales indicate that the one-time leading brand is reeling from the fallout of the company delaying launches for years, and Musk’s foray into politics in the United States and … Read more…

MILAN (Reuters) – Tesla’s new car registrations in Italy rebounded sharply in March after a plunge the previous month to stand down 7% year-on-year in the quarter as a whole, data from the Transport Ministry showed on Tuesday. The quarterly number adds to signs that drivers are shunning Elon Musk’s electric vehicle brand as competition from China stiffens and as a form of protest against his political views. New registrations of Tesla vehicles rose 51% … Read more…

(Reuters) -China’s tech and e-commerce giant Alibaba Group is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month, Bloomberg News reported on Tuesday, citing a person familiar with the matter. The new release may arrive later in April, although the exact timing could still change, the report said. Alibaba did not immediately respond to Reuters’ request for comment. AI companies have been releasing new products at … Read more…

(Reuters) – U.S. President Donald Trump will consider on Wednesday a final proposal related to TikTok, CBS News reported on Tuesday, citing sources, ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a U.S. ban. There will be a meeting at the Oval Office involving Vice President JD Vance, Commerce Secretary Howard Lutnick, national security adviser Mike Waltz, and Director of National Intelligence Tulsi Gabbard, according to the … Read more…

(Reuters) – OpenAI is planning to release its first open-weight language model with reasoning capabilities since GPT‑2 in the coming months, CEO Sam Altman said on Monday. The company will speak with developers about how to make it useful, Altman said in a post on X. An open-weight language model is a type that allows the model’s weights to be adjusted or fine-tuned based on new input data or tasks. “We still have some decisions … Read more…

(Reuters) – UBS has appointed its Americas chief investment officer, Solita Marcelli, to succeed Bruno Marxer as head of global investment management, according to an internal memo seen by Reuters on Monday. Marcelli will take on the role, which will be expanded to now cover the Americas, APAC, Switzerland and EMEA, effective July 1. Marxer, who has decided to retire at the end of the first quarter of 2026, will continue in his role until … Read more…

(Reuters) – Lockheed Martin on Monday said the U.S. Army had awarded it a contract worth up to $4.94 billion to produce Precision Strike Missiles (PrSM). Defense companies are seeing a surge in weaponry demand, driven by conflicts across the globe. The Pentagon has been prioritizing purchases of the PrSM, which is to replace the Army Tactical Missile (ATACM). PrSM is Lockheed’s next-generation long-range precision strike missile, capable of neutralizing targets beyond 400 kilometers. Shares … Read more…

By Anjana Anil and Anushree Mukherjee (Reuters) – Gold prices soared to record levels above $3,100 per ounce in a rally marking one of the most significant upswings in the precious metal’s history, with psychological levels swept aside by a cocktail of factors – including worry about fallout from impending U.S. tariffs. Spot gold hit a record of $3,128.06 per ounce on Monday. Uncertainty surrounding U.S. President Donald Trump’s tariffs added extra heat to the … Read more…