World Bank President Ajay Banga gives remarks during a forum held at the Atlantic Council building in Washington, D.C., U.S., April 7, 2026 (Reuters/Aaron Schwartz/File Photo) WASHINGTON, D.C. ― The war in the Middle East will have a cascading impact on the global economy, even if a ceasefire announced by US …
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Tesla logo is seen in this illustration taken July 23, 2025 (Reuters/Dado Ruvic/Illustration) TESLA investors said the company’s plan to develop a smaller, lower-cost EV, which was reported exclusively by Reuters, might boost volumes and address slowing demand, but at the cost of already strained margins. The likely move also …
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A logo for Amazon Web Services (AWS) is seen at the Viva Technology conference in Paris, France, June 12, 2025 (Reuters/Benoit Tessier/File Photo AMAZON’S AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company has reported …
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TAIPEI — The world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. (TSMC), reported first-quarter revenue of T$1.134 trillion ($35.71 billion) on Friday, rising 35 percent on the year to beat market forecasts on surging interest in artificial intelligence (AI) applications. January-March revenue of T$1.134 billion compared with T$839.3 billion in the …
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Eleanor McCain claims french fry empire is blocking her exit, costing her ‘hundreds of millions’ Eleanor McCain, shown in this 2017 photo promoting an album, says McCain Foods Group Inc. has thrown up obstacles to her cashing out. (Galit Rodan/The Canadian Press) An heiress to the multibillion-dollar McCain french fry empire …
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NEW YORK — ExxonMobil on Wednesday (Thursday in Manila) disclosed a 6 percent drop in first-quarter petroleum production due to Middle East war-related outages, according to a securities filing. The war, beginning with the Feb. 28 US-Israeli attack on Iran, lifted oil prices to more than $100 a barrel in recent …
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BENGALURU/ABU DHABI — Mubadala Investment Co., among the biggest sovereign wealth funds globally, said on Thursday its assets under management rose 17 percent to $385 billion in 2025. The company, based in Abu Dhabi, credited the strong performance of its portfolio in the United Arab Emirates (UAE) for its growth last …
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Travelers wait in a lines to get through security at LaGuardia Airport in New York, Monday, March 30, 2026. (AP Photo/Seth Wenig) A new reality is setting in for travelers worldwide: rising fares and fees, fewer flight options and difficult decisions about whether a trip is worth the cost. The …
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An Intel logo appears in this illustration taken August 25, 2025 (Reuters/Dado Ruvic/Illustration) INTEL said on Tuesday it will join Elon Musk’s Terafab AI chip complex project with SpaceX and Tesla to make processors powering the tech billionaire’s robotics and data center ambitions. Intel’s shares jumped more than 2 percent …
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The Apple logo is seen during the preview of the redesigned and reimagined Apple Fifth Avenue store in New York, U.S., September 19, 2019 (Reuters/Brendan McDermid/File Photo© Thomson Reuters) APPLE has been encountering setbacks in the engineering test phase of its first foldable iPhone, which could lead to delays in …
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