Tesla’s new car sales in Italy down 7% in first quarter despite 51% jump in March

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…

Alibaba prepares for flagship AI model release as soon as April, Bloomberg News reports

(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…

Trump officials eye a longer road to Ukraine peace as frustration mounts

By Erin Banco and Gram Slattery NEW YORK/WASHINGTON (Reuters) – Senior Trump administration officials have discussed in recent days the likelihood that the U.S. will be unable to secure a Ukraine peace deal in the next few months and are drawing up new plans to pressure both Kyiv and Moscow, according to two U.S. officials familiar with the matter. At the start of his administration, President Donald Trump and his top advisers set out to reach … Read more…

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Trump to consider final TikTok proposal on Wednesday, CBS News reports

(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…

OpenAI plans to release open-weight language model in coming months

(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…

UBS names new head of global investment management, memo says

(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…

Lockheed Martin clinches $4.94 billion US Army missile contract

(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…

Gold sails above $3,100 to uncharted territory as US tariffs approach

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…

US court lets Trump remove Democrats from labor boards, for now

By Daniel Wiessner (Reuters) – Donald Trump can – for now – remove Democratic members from two federal labor boards, a U.S. appeals court ruled on Friday, handing the Republican president a victory in his efforts to bring independent federal agencies under his control. A panel of the U.S. Court of Appeals for the District of Columbia Circuit in a 2-1 decision paused rulings by two judges who had found that Trump’s removal of Cathy … Read more…

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Musk’s X back up after brief outage hits US users, Downdetector shows

(Reuters) – Social media platform X on Friday recovered after a short outage that impacted thousands of users in the U.S., according to outage tracking website Downdetector.com. The disruptions eased around 3:10 p.m. ET, according to Downdetector, which tracks outages by collating status reports from various sources. There were more than 53,000 incidents of people reporting issues with the Elon Musk-owned platform as of 2:46 p.m. ET. Downdetector’s numbers are based on user-submitted reports. The … Read more…