Business

Stellantis to launch $70 billion business plan to 2030 with 60 new model offensive

Thursday, May 21 by SRN News

AUBURN HILLS, Michigan, May 21 (Reuters) - Stellantis set out a new 60 billion euro ($70 billion) business plan on Thursday that includes 60 new car models by 2030 - from combustion engine to fully electric vehicles - new investments in technology, joint ventures... Read More.

Analysis-Asia’s currencies are flashing oil shock alarm

Thursday, May 21 by SRN News

By Ankur Banerjee and Jaspreet Kalra SINGAPORE, May 21 (Reuters) - Asia's policymakers are taking increasingly urgent and unusual steps to shore up their economies on the front line of the global energy supply shock, with currencies falling to record lows and pressure already forcing... Read More.

Analysis-Why SpaceX’s mega IPO may not signal a broader rebound in listings

Thursday, May 21 by SRN News

By Manya Saini and Lucy Raitano May 21 (Reuters) - SpaceX's record-shattering IPO has given Wall Street the kind of spectacle it has craved since the pandemic-era listings boom, but the once-in-a-generation market event may offer little insight into whether the broader IPO market is... Read More.

Malaysia orders TikTok to explain ‘grossly offensive’ fake content targeting king

Thursday, May 21 by SRN News

KUALA LUMPUR, Malaysia (AP) - Malaysia said Thursday it has ordered TikTok to explain and address what it described as the social media platform's failure to act swiftly against offensive, defamatory and fake content targeting the royal institution. The Communications and Multimedia Commission said the... Read More.

Germany urges the EU to offer Ukraine ‘associate membership’ and boost talks with Russia

Thursday, May 21 by SRN News

BRUSSELS (AP) - German Chancellor Friedrich Merz wants the European Union to consider offering "associate membership" to Ukraine and breathe new life into talks aimed at ending more than four years of war with Russia, according to a letter seen Thursday by The Associated... Read More.

JPMorgan’s Aiyengar sees global firms turning to China for shelter amid global volatility

Thursday, May 21 by SRN News

By Engen Tham and Samuel Shen SHANGHAI, May 21 (Reuters) - Global companies are increasingly eager to partner with innovative Chinese firms as mounting economic and geopolitical risks fuel a dealmaking boom, JPMorgan's Global Chair of Investment Banking Anu Aiyengar said in an interview. With CEOs... Read More.

Taiwan investigates three for alleged illegal export of high-end AI servers

Thursday, May 21 by SRN News

TAIPEI, May 21 (Reuters) - Taiwanese prosecutors said on Thursday they were investigating three people suspected of illegally exporting high-end AI servers made by Super Micro and containing Nvidia chips which are subject to U.S. export controls. In March, the U.S. Justice Department charged three... Read More.

Lower cost Novo, Lilly weight-loss pills draw patients from compounded drugs, doctors say

Thursday, May 21 by SRN News

By Bhanvi Satija and Chris Prentice LONDON/NEW YORK, May 21 (Reuters) - Lower prices for weight-loss pills from Novo Nordisk and Eli Lilly are prompting patients to switch from compounded medications to branded Wegovy and Foundayo, according to Reuters interviews with nine U.S. doctors.... Read More.

Taiwan may limit currency switching for TSMC dollar dividends to once a year, sources say

Thursday, May 21 by SRN News

TAIPEI, May 21 (Reuters) - Taiwan's central bank plans to require foreign investors receiving U.S. dollar-denominated dividends from companies including TSMC to stick with one currency choice and not switch frequently, with authorities currently leaning toward allowing changes only once a year, three sources... Read More.

Exclusive-Grok falls flat in Washington, undercutting SpaceX’s AI growth story

Thursday, May 21 by SRN News

By Raphael Satter and Alexandra Alper WASHINGTON, May 21 (Reuters) - SpaceX's initial public offering is set to be the largest in history, partly fueled by its promise to grab a chunk of what it calls a multi-trillion-dollar market for artificial intelligence services through its... Read More.

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Current Weather

Stellantis to launch $70 billion business plan to 2030 with 60 new model offensive

Analysis-Asia’s currencies are flashing oil shock alarm

Analysis-Why SpaceX’s mega IPO may not signal a broader rebound in listings

Malaysia orders TikTok to explain ‘grossly offensive’ fake content targeting king

Germany urges the EU to offer Ukraine ‘associate membership’ and boost talks with Russia

JPMorgan’s Aiyengar sees global firms turning to China for shelter amid global volatility

Taiwan investigates three for alleged illegal export of high-end AI servers

Lower cost Novo, Lilly weight-loss pills draw patients from compounded drugs, doctors say

Taiwan may limit currency switching for TSMC dollar dividends to once a year, sources say

Exclusive-Grok falls flat in Washington, undercutting SpaceX’s AI growth story

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