BEIJING (Reuters) – China’s commerce minister told Apple CEO Tim Cook on Monday that the company is welcome to expand investment in the country, a ministry statement showed. Wang Wentao, the minister, and Cook exchanged views on topics such as Apple’s business development in China and China-U.S. economic and trade relations, according to the statement. Foreign CEOs were attending the China Development Forum in Beijing on Sunday and Monday, with some expected to meet President … Read more…

By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 10% on Monday after this year’s steep decline following reports the Trump administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2. Traders also took advantage of the near 40% decline in the stock so far this year to buy into the EV maker. The tariff optimism set off a rally on Wall Street, with technology stocks … Read more…

TOULOUSE, France (Reuters) -Airbus is in discussions with European nations on new defence and space orders as the continent increases spending and is seeing an improvement in supply chains for its core jetliner business, senior executives said at a company event on Monday. WHY IT’S IMPORTANT European nations are interested in space assets in part to replace Elon Musk’s Starlink, as well as aerospace assets including strategic airlift, he added. KEY QUOTES “I think you’re … Read more…

(Reuters) – Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ iPath Series B S&P 500 VIX Short-Term Future exchange-traded notes (“VXX”) could not sue over general assurances the bank made about its internal controls even as it issued the notes without the required … Read more…

(Reuters) – Yahoo has signed a deal to sell its 20-year-old technology news website, TechCrunch, to media investment firm Regent, the companies said on Friday. TechCrunch, a popular online platform providing news and analysis on global tech companies, startups and entrepreneurs, was among the media assets of Verizon Communications, including Yahoo. In 2021, private equity firm Apollo Global Management acquired the media assets for $5 billion, subsequently rebranding the combined assets under the Yahoo name. … Read more…

By Anna Tong, Krystal Hu and Kenrick Cai (Reuters) – Kyle Vogt, former CEO of self-driving car company Cruise, has raised $150 million in a new funding round led by Greenoaks for his robotics startup The Bot Company, valuing the firm launched less than a year ago at $2 billion, sources told Reuters.  This capital injection follows a previous $150 million raised from investors such as Spark Capital and former GitHub CEO Nat Friedman that … Read more…