Business

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.

Target bets on babies in campaign for customer loyalty

Thursday, May 21 by SRN News

By Nicholas P. Brown and Juveria Tabassum May 21 (Reuters) - Target, looking for a path out of a long sales slump, is zeroing in on young families to build a loyal customer base among consumers who in recent years have moved towards low-price competitors... Read More.

Energy shock from Iran war to weigh on Europe’s growth, boost inflation

Thursday, May 21 by SRN News

FRANKFURT, Germany (AP) - The European Union's executive commission cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran - but said the economy will avoid an outright recession. "As a net energy importer, the... Read More.

Ukraine says its drones hit another refinery deep inside Russia as long-range strikes escalate

Thursday, May 21 by SRN News

KYIV, Ukraine (AP) - Ukrainian drones smashed into another Russian refinery overnight, starting a fire that produced huge clouds of black smoke, President Volodymyr Zelenskyy said Thursday, in what appeared to be the latest long-range attack on Moscow's vital oil industry. The drones targeted the... Read More.

Morning Bid: Samsung Electronics’ wage drama not over yet

Thursday, May 21 by SRN News

A look at the day ahead in European and global markets from Gregor Stuart Hunter The fight over pay is not done at Samsung Electronics. A planned strike which was due to start today was averted by a deal between the company and its union... Read More.

The United Nations’ top court will issue an advisory opinion on the right to strike

Thursday, May 21 by SRN News

THE HAGUE, Netherlands (AP) - The United Nations' top court is set Thursday to issue a landmark advisory opinion on the right to strike, clarifying whether employees are lawfully allowed to walk off the job. The 15 judges at the International Court of Justice... Read More.

From TACO to FOMO: How retail traders turned Trump-driven volatility into a playbook

Thursday, May 21 by SRN News

By Canan Sevgili, Alessandro Parodi and Vera Dvorakova May 21 (Reuters) - A wave of retail-driven trading dynamics is reshaping how markets respond to U.S. President Donald Trump's second term and his war in Iran, turning political volatility into a set of widely recognised and... Read More.

Current Weather

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

Target bets on babies in campaign for customer loyalty

Energy shock from Iran war to weigh on Europe’s growth, boost inflation

Ukraine says its drones hit another refinery deep inside Russia as long-range strikes escalate

Morning Bid: Samsung Electronics’ wage drama not over yet

The United Nations’ top court will issue an advisory opinion on the right to strike

From TACO to FOMO: How retail traders turned Trump-driven volatility into a playbook

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