Business

NEW YORK (Reuters) – FIFA and Netflix have signed a deal to broadcast the 2027 and 2031 editions of the Women’s World Cup in the United States, world soccer’s governing body said on Friday. FIFA said the Women’s World Cup will be the first competition to be acquired in full by Netflix and U.S.-based fans would be able to watch every match live. The agreement also includes Puerto Rico while it will cover all languages, … Read more…

By Anna Hirtenstein (Reuters) -Some shareholders in Brooge Energy have filed a fraud complaint in the United States against Ernst & Young, alleging the auditor failed to identify fabricated revenues in two years of the oil storage firm’s annual reports. The plaintiffs are Stephen Cannon, Bryant Edwards and Neil Richardson, who were investors in a so-called special purpose acquisition company (SPAC) that bought Brooge in 2019, according to the filing with the United States District … Read more…

By Nora Eckert DETROIT (Reuters) -Ford Motor is appointing a new head of quality, the company confirmed on Wednesday, as the automaker works to reverse its industry-topping record of recalls and reduce warranty costs.  The automaker will move control of its quality team from Jim Baumbick to a new leader who has not yet been announced, as Baumbick takes on the responsibility of EV programs.   Baumbick, who has led quality since late 2022, will oversee … Read more…

By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON (Reuters) – Next year’s top pick for hedge fund strategies is so-called macro, with U.S. President-elect Donald Trump centre-stage as investors bet on how global policy decisions will impact economic conditions and play out in financial markets. Hedge fund returns benefited this year from wild market swings sparked by politics such as November’s U.S. election, and twists in monetary policy such as Bank of Japan rate … Read more…

By Krystal Hu and Niket Nishant (Reuters) – Databricks has secured a $62 billion valuation after raising a whopping $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for fast-growing private companies that have seen accelerated growth due to AI. The oversubscribed round, led by Joshua Kushner’s Thrive Capital, drew commitments from elite investors including Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management, confirming … Read more…

By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla Ventures. Other investors included NFDG, the AI-focused fund run by former GitHub CEO Nat Friedman and former Apple executive Daniel Gross, OpenAI board members Larry Summers and Adam D’Angelo, and Google’s chief scientist Jeff Dean. New York-based Basis is … Read more…

(Reuters) -U.S. wireless carrier T-Mobile said on Friday it would buy back as much as $14 billion worth of shares by 2025 end as part of its previously stated plan to return up to $50 billion over the next three years to shareholders. Telecom companies such as Verizon, AT&T and T-Mobile are among the top dividend payers in the U.S. Earlier this month, AT&T said it plans to return more than $40 billion to shareholders … Read more…

(Reuters) – Generative artificial intelligence startup Liquid AI said on Friday that it had closed a $250 million early-stage funding round led by chipmaker Advanced Micro Devices, which is also its strategic partner. Consumer GenAI, which captured global attention in 2022 with the launch of OpenAI’s ChatGPT, is at the center of the rapidly growing AI sector. This year also saw investors funnelling billions of dollars into GenAI startups. Liquid AI develops Liquid Foundation Models … Read more…