Exclusive-Western decisions on key military aid to Ukraine are too slow, Zelenskiy says

By Mike Collett-White and Dan Peleschuk KYIV (Reuters) – Western allies are taking too long to make key decisions on military support for Ukraine, President Volodymyr Zelenskiy told Reuters in an exclusive interview in Kyiv on Monday. He also said he was pushing partners to get more directly involved in the war with Russia by helping to intercept Russian missiles over Ukraine and allowing Kyiv to use Western weapons against enemy military equipment amassing near … Read more…

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Microsoft highlights ‘Copilot+’ PCs ahead of developer conference

By Max A. Cherney SEATTLE (Reuters) -Microsoft said on Monday it would launch a new category of personal computer capable of handling more artificial-intelligence tasks without calling on cloud data centers. At the event on its campus in Redmond, Washington, Chief Executive Satya Nadella introduced what he dubbed “Copilot+” PCs, saying that Microsoft as well as a range of partners such as Dell Technologies, Qualcomm, Intel and Advanced Micro Devices would help build them. Microsoft … Read more…

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Wall Street bets on stellar quarterly results from Nvidia

By Arsheeya Bajwa (Reuters) – Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of rivals. The results will be the latest test for Wall Street’s picks-and-shovels trade that has turned Nvidia into the biggest winner of the generative AI boom, thanks to its chips that are essential … Read more…

Dell deepens AI push with new PCs, Nvidia-powered servers

By Jaspreet Singh and Arsheeya Bajwa (Reuters) -Dell Technologies unveiled a range of AI-enabled PCs powered by Qualcomm processors and said a new server which supports Nvidia’s latest chips will be available from the second half of 2024. Dell made the announcements at an event in Las Vegas on Monday, aiming to maintain momentum in the lucrative market for artificial intelligence servers and bracing for an expected recovery in the PC market this year after … Read more…

Wall St, world stocks advance, metals shine

By Stephen Culp NEW YORK (Reuters) -U.S. stocks followed the example of their European counterparts, gaining ground on Monday while gold and copper touched all-time highs powered by investor optimism over cooling inflation and easing central bank policy. All three major U.S. stock indexes were green, led by the tech-heavy Nasdaq. Copper, a barometer of economic sentiment, surged to a record high after China announced steps to shore up its crisis-hit property sector. “Historically, when … Read more…

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Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal

By Urvi Dugar, Akanksha Khushi and Yuka Obayashi , TOKYO (Reuters) -Japan’s Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S. Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal. A spokesperson for Nippon Steel in Tokyo said Mori will visit the United States to continue dialogues with various stakeholders of the deal … Read more…

Target lowering prices on 5,000 items in bid to lure more shoppers

(Reuters) – Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers. Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look for cheaper products in stores and online, forcing retailers to lower prices to get more consumers to their stores. Target … Read more…

Google invests 1 billion euros in Finnish data centre to drive AI growth

HELSINKI (Reuters) – Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on Monday. In recent years, many data centres have been located in the Nordic countries because of the region’s cooler climate, tax breaks and abundant availability of renewable power. Finland’s Nordic neighbours Sweden and Norway have … Read more…

US SEC updates customer data hacking rules for Wall Street

(Reuters) – Wall Street’s top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers’ theft of customer data. The changes, approved unanimously by the five-member U.S. Securities and Exchange Commission, apply to rules first adopted in 2000. “Over the last 24 years, the nature, scale, and impact of data breaches has transformed substantially,” SEC Chair Gary Gensler said in a statement, adding that … Read more…

US FDIC chief faces 2nd day of penitence on Capitol Hill

By Douglas Gillison (Reuters) – U.S. Federal Deposit Insurance Corporation Chair Martin Gruenberg on Thursday faced a second day of grilling before lawmakers on Capitol Hill as he battles to survive the fallout from a sexual harassment scandal at his agency. Appearing alongside fellow top banking regulators from the Federal Reserve and U.S. Office of the Comptroller, Gruenberg reiterated his apologies to staff and acceptance of responsibility for leading an organization that had allowed serious … Read more…

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