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Exclusive-Major Novartis shareholder calls for board shake-up after drug trial setbacks
2+ day, 15+ hour ago (526+ words) By Oliver Hirt and Marleen Kaesebier ZURICH, Sept 10 (Reuters) – A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker’s board to improve corporate governance after its shares suffered a record fall this week following back-to-back trial…...
Saudi wealth fund weighs EA-Savvy merger, Bloomberg News reports
2+ day, 12+ hour ago (221+ words) Sept 10 (Reuters) – Saudi Arabia’s wealth fund is considering merging Electronic Arts with Savvy Games to create a gaming giant, Bloomberg News reported on Thursday, citing people familiar with the matter. The merger of the two companies, both controlled by the…...
Inaugural Data Center Speaker Series Examines Energy Issues
2+ day, 19+ hour ago (127+ words) Sheboygan residents were given a lesson on energy management when the President of Alliant Energy, Becky Valcq, dug deeply into the practical and regulatory web of issues faced by public power utilities and those they serve amid the growth of…...
Kenya to get some $400 million emergency World Bank funds within six weeks, source says
2+ day, 16+ hour ago (392+ words) (Changes to million not mln in headline and second bullet point) NAIROBI, Sept 10 (Reuters) – Kenya is expected to receive about $400 million in emergency financing from the World Bank within six weeks to help address risks including an Ebola outbreak in…...
India gets one of world’s steepest iPhone price hikes
2+ day, 19+ hour ago (318+ words) BENGALURU, Sept 10 (Reuters) – Apple raised prices on its existing iPhone lineup in India by as much as 41% within hours of unveiling newer models, bucking its usual practice of discounting older variants and marking one of the steepest hikes in any…...
Exclusive-China’s AI chipmakers raise prices as high-bandwidth memory shortage bites
3+ day, 16+ min ago (621+ words) Sept 10 (Reuters) – Chinese AI chipmakers including Huawei Technologies and Cambricon have sharply raised prices for current and next-generation AI processors, three people familiar with the matter said, as soaring costs for high-bandwidth memory squeeze efforts to build domestic alternatives to…...
DOJ probes Nvidia’s licensing deal with AI startup Groq, NYT reports
3+ day, 2+ hour ago (171+ words) Sept 9 (Reuters) – The U.S. Justice Department is investigating whether Nvidia structured its licensing deal with AI chip startup Groq to avoid antitrust scrutiny, the New York Times reported on Wednesday, citing two people familiar with the matter. Nvidia announced a…...
Exclusive-India’s Serious Fraud Office recommends ‘detailed’ probe into Xiaomi’s business in country
3+ day, 19+ hour ago (801+ words) NEW DELHI, Sept 9 (Reuters) – India’s Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows. China’s Xiaomi was…...
Europe’s Ariane wins Amazon boost at space gathering
3+ day, 8+ hour ago (296+ words) By Tim Hepher and Joey Roulette PARIS, Sept 9 (Reuters) – Amazon Leo has ordered six additional launches on Europe’s Ariane 6 launcher, operator Arianespace said on Wednesday, in a boost to Europe’s flagship rocket programme. The announcement at a Paris space gathering…...
Australian data centre operator NEXTDC to raise $795 million for AI infrastructure
3+ day, 18+ hour ago (323+ words) Sept 9 (Reuters) – Australia’s NEXTDC said on Wednesday it seeks to raise A$1.1 billion ($795.63 million) through convertible notes, its third fundraising in just over four months, as the data centre operator ramps up investment in AI infrastructure. Here are some details:…...