(Reuters) -Kraken, one of the world’s largest cryptocurrency exchanges, has laid off hundreds of employees in the past several months across all areas of its business to streamline its operations ahead of its planned IPO, Coindesk reported on Thursday. Hundreds of more people have been laid off since Kraken appointed Arjun Sethi as co-CEO last year and reported a cut of 15% in its workforce, the report added, citing two people familiar with the matter. … Read more…

(Reuters) – Video-conferencing platform Zoom Communications services were down for thousands of users on Wednesday, according to outage tracking website Downdetector.com. Users reported interruptions accessing the Zoom web portal, as well as the application. Some users also reported login issues. “We continue to investigate the domain name resolution issues on the zoom.us domain that is affecting multiple services,” the company said. Downdetector, which tracks outages by collating status reports from a series of sources, including … Read more…

By Kalea Hall, Nora Eckert and Utkarsh Shetti (Reuters) – Ford Motor may raise prices on its new vehicles if U.S. President Donald Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month through June 2. The program will continue, but pricing on new models produced in May and beyond may change, the … Read more…

(Reuters) – American chipmaker Intel has informed Chinese clients it will start needing a license to sell some of its advanced artificial intelligence processors, the Financial Times reported on Wednesday. The news comes a day after Nvidia warned of a $5.5 billion hit as Washington restricted exports of its AI processor tailored for China. Dutch chip-making tools giant ASML also raised doubts about its outlook earlier in the day. Intel, under new CEO Lip-Bu Tan, … Read more…

(Reuters) -OpenAI is working on its own X-like social media network, the Verge reported on Tuesday, citing multiple sources familiar with the matter. There is an internal prototype focused on ChatGPT’s image generation that has a social feed, the report said. OpenAI CEO Sam Altman has been privately asking outsiders for feedback about the project, which is still in early stages, according to the Verge. It is unclear whether the company plans to release the … Read more…

By Sybille de La Hamaide PARIS – Global wine production and consumption fell in 2024 to their lowest in decades, as extreme weather and high prices weighed on the sector, the International Organisation of Vine and Wine, known as the OIV, said on Tuesday. Adding to the challenges, wine producers around the world are under threat from tariffs for sales into the United States, the world’s largest importer of wine by value. Wine consumption fell … Read more…