Microsoft to spend $1.3 billion in Mexico on cloud, AI tech

MEXICO CITY (Reuters) -Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence, the company announced on Tuesday. The fresh funds will go toward improving connectivity and boosting the adoption of AI technology by small and-medium sized businesses (SMBs), the firm said in a statement. The initiative aims to reach 30,000 SMBs in Mexico in three years, Microsoft said. Already, … Read more…

Trump advisers meet officials on UN sidelines as US election approaches

By Gram Slattery and Simon Lewis (Reuters) – Some of Donald Trump’s advisers are meeting foreign officials on the sidelines of the United Nations General Assembly where U.S. allies are seeking to get a grasp on what a Trump win in the Nov. 5 election would mean for U.S. foreign policy. It was not clear who had met or planned to meet the advisers, nor was it clear what they planned to discuss. Trump, the … Read more…

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Visa falls on report of US DoJ lawsuit alleging debit-card monopoly

By Manya Saini and Niket Nishant (Reuters) – Visa shares fell 3% on Tuesday after a report said the U.S. Department of Justice plans to file a lawsuit against the world’s largest payment processor, alleging it illegally monopolized the country’s debit-card market. The antitrust division of the regulator is set to file a lawsuit as soon as Tuesday, accusing Visa of a range of anti-competitive conduct, Bloomberg News reported on Monday, citing people familiar with … Read more…

Italy approves BlackRock holding more than 3% in Leonardo

ROME (Reuters) -Italy has approved BlackRock, the world’s biggest asset manager, holding a stake of more than 3% in Italian defence and aerospace group Leonardo, a document seen by Reuters showed on Monday. The document, sent by Italian Prime Minister Giorgia Meloni’s office to parliament, deals with so-called “golden power” decisions. Rome has “golden powers” to block or set conditions on foreign and domestic investments, as well as governance changes, involving companies that operate in … Read more…

US SEC, Coinbase clash in court over crypto rulemaking

By Hannah Lang (Reuters) – Coinbase and the U.S. securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange presses the agency to create new rules for digital assets. Coinbase, the largest U.S. crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking it filed in 2022. In that petition, it urged the SEC … Read more…

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Boeing proposes 30% wage hike to striking workers, calls it its ‘final’ offer

By Allison Lampert (Reuters) -Boeing upped its wage proposal to thousands of striking workers on Monday, offering a 30% general wage increase over four years in what it called its “best and final” offer as the strike drags on. The U.S. planemaker also offered to reinstate a performance bonus, improve retirement benefits and double a ratification bonus to $6,000, if the workers accept by Friday, according to a letter sent to union officials by the … Read more…

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Wall St rises after Fed policymakers back rate cuts

By Echo Wang (Reuters) -Wall Street’s main indexes rose in mid-afternoon on Monday as investors assessed whether a trend will develop in the week following the Federal Reserve’s rate cut. The gains come amid comments from Fed policymakers and steady factory activity data, building on last week’s sharp market rally after the central bank’s decision to lower interest rates. The Fed’s pivotal move last week lifted major indexes to monthly gains, defying the historical trend … Read more…

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China ex central bank adviser proposes $1.4 trillion in stimulus measures

HONG KONG (Reuters) – China could issue ultra-long-term treasury bonds within two years to generate at least 10 trillion yuan ($1.4 trillion) worth of stimulus to the economy, a former central bank adviser said on Saturday, according to state media. China should introduce a basket of measures, focusing on enhancing social protections, buying unsold apartments for affordable housing and speeding up urban construction, Liu Shijin, former vice president of Development Research Center of the State … Read more…

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SEC approves BlackRock’s spot bitcoin ETF options listing

(Reuters) -The U.S. Securities and Exchange Commission has approved listing and trading of options for asset manager BlackRock’s spot bitcoin exchange-traded fund on the Nasdaq. Options trading for BlackRock’s fund iShares Bitcoin Trust has been approved with ticker symbol “IBIT”, the regulator said in a notice on Friday. The index options – listed derivatives offering a quick and inexpensive way to amplify exposure to bitcoin – on a bitcoin index would give institutional investors and … Read more…

Exclusive-Iran withheld launchers for missiles sent to Russia, sources say

By Jonathan Landay, Phil Stewart and Anthony Deutsch WASHINGTON (Reuters) – Iran did not include mobile launchers with the close-range ballistic missiles that Washington last week accused Tehran of delivering to Russia for use against Ukraine, according to three sources with knowledge of the matter. The sources – a European diplomat, a European intelligence official and a U.S. official – said it was not clear why Iran did not supply launchers with the Fath-360 missiles, … Read more…

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