Author: Reuters
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New Arm offering to speed creation of custom data center chips
By Stephen Nellis (Reuters) – Arm Holdings on Wednesday released a new set of blueprints for making chips that it says could cut the time required to develop data center processors to less than a year. Arm, whose underlying technology is widely used in the semiconductor industry and powers virtually every smartphone in the world,…
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Bumble rejigs top brass under new chief executive
(Reuters) – Bumble on Wednesday rejigged its senior leadership at the dating apps operator with four new appointments including the head of product and technology, more than a month after its new chief executive took charge. The company named Sonos’ vice president of software, Antoine Leblond, as its chief technology officer, replacing Yoav Flam. Ali…
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Exclusive-US targets China’s top chipmaking plant after Huawei Mate 60 Pro, sources say
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) -The Biden administration is turning up the heat on China’s top sanctioned chipmaker by cutting off its most advanced factory from more American imports after it produced a sophisticated chip for Huawei’s Mate 60 Pro phone, three people familiar with the matter said. Late last year, the…
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LatAm’s Simetrik raises $55 million in Goldman Sachs-led funding round
By Valentine Hilaire (Reuters) – Colombian-founded Simetrik, a startup offering business-to-business services to streamline complex financial tasks, raised $55 million in a funding round led by Goldman Sachs, which two executives said will be mainly used to boost activity beyond the region. Simetrik’s financial and accounting services are aimed at companies that make more than…
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Reactions to the death of Russian opposition leader Navalny
(Reuters) – Following are reactions in Russia and abroad to the death of jailed Russian opposition leader Alexei Navalny, reported on Friday by prison authorities in the Yamalo-Nenets region where he had been serving his sentence. RUSSIAN OFFICIALS KREMLIN SPOKESMAN DMITRY PESKOV Peskov said President Vladimir Putin had been told about Navalny’s death. The reaction…
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Putin foe Alexei Navalny dies in jail, West holds Russia responsible
By Guy Faulconbridge and Felix Light MOSCOW (Reuters) -Alexei Navalny, Russian President Vladimir Putin’s most formidable domestic opponent, fell unconscious and died on Friday after a walk at the “Polar Wolf” Arctic penal colony where he was serving a three-decade sentence, authorities said. The death of Navalny, a 47-year-old former lawyer, robs the disparate Russian…
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Biden says ‘Putin and his thugs’ caused Navalny’s death
By Steve Holland and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden on Friday blamed Russian President Vladimir Putin for Alexei Navalny’s death and warned there could be consequences, saying he was “not surprised” but “outraged” by the opposition leader’s passing. “We don’t know exactly what happened, but there is no doubt that the death…
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Applied Materials hits record high on strong forecast from AI boost
(Reuters) -Applied Materials shares jumped 8% to hit an all-time high on Friday after the semiconductor equipment supplier forecast a better-than-expected second quarter on strong demand from customers looking to make AI-enabled chips. The outlook was also supported by improvement in certain electronics end-markets like smartphones and personal computers, and analysts highlighted a diversified portfolio…
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War with Hamas dents Israel economy but strong rebound seen afterwards
By Steven Scheer JERUSALEM (Reuters) -Israel’s economy is taking a hit after more than four months of war with Hamas, but the economy looks set to grow slightly this year before rebounding in 2025 as long as the conflict stays contained to Gaza. Israel’s $500 billion economy had been humming along and was expected to…
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Bitcoin market cap crosses $1 trillion as buyers flood in
WASHINGTON/LONDON (Reuters) -The total value invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange-traded funds continued to support cryptocurrency prices. Bitcoin’s price reached as high as $52,079 on Wednesday, its latest 25-month high. It was last up 4.29% at $51,690, taking the…