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Starlink rival Eutelsat plans OneWeb expansion after €1 billion satellite order
3+ day, 2+ hour ago (314+ words) Sept 10 (Reuters) – Satellite operator Eutelsat said on Thursday it will replenish and expand its OneWeb network through 2034 after the Franco-British operator signed a deal with Airbus for 229 additional low Earth orbit satellites. The new order, representing an investment of €1 billion…...
ECB hikes rates as Iran war adds to inflation angst
3+ day, 10+ hour ago (668+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
EU watchdog flags risk of abrupt market correction
3+ day, 10+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...
Analog Devices to buy Alif Semiconductor for $1.35 billion
4+ day, 4+ hour ago (146+ words) Sept 9 (Reuters) – Analog Devices will acquire privately held Alif Semiconductor for $1.35 billion in cash, the companies said on Wednesday, expanding ADI’s on-device capabilities as AI applications increasingly move into physical systems. The acquisition would combine ADI’s sensing, signal-processing and power-management…...
OpenAI pushes for mandatory national AI safety requirements
3+ day, 23+ hour ago (104+ words) WTAQ OpenAI pushes for mandatory national AI safety requirements Sept 9 (Reuters) – OpenAI said Wednesday it is pushing for mandatory national AI safety requirements, adding that until the U.S. Congress acts, the ChatGPT maker will continue supporting state AI legislation....
Amazon raises almost $6 billion in first sterling bond sale, lead manager says
4+ day, 11+ hour ago (387+ words) LONDON, Sept 9 (Reuters) – Amazon raised £4.25 billion ($5.76 billion) from its first-ever sterling bond sale on Wednesday, slightly more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom....
Finland says GNSS jamming, wind caused Ukrainian drones to enter its airspace in spring
4+ day, 12+ hour ago (185+ words) HELSINKI, Sept 9 (Reuters) – Four Ukrainian military drones found in Finland in March and April were diverted from their intended route by satellite navigation interference in combination with wind, Finnish police and border guards said on Wednesday. Finland and nearby Estonia,…...
Dutch fintech Adyen sees long-term India opportunity, plans local expansion
4+ day, 18+ hour ago (417+ words) By Nishit Navin and Ashwin Manikandan MUMBAI, Sept 9 (Reuters) – Dutch payments processor Adyen plans to expand its India operations and hire more employees as it bets on the country’s fast-growing digital payments market and rising cross-border commerce activity, a top…...
Bank of England to hold rates, show patience with war-driven inflation: Reuters poll
5+ day, 10+ hour ago (577+ words) LONDON, Sept 8 (Reuters) – The Bank of England will hold Bank Rate at 3.75% for the rest of the year and through at least mid-2027, according to a Reuters poll of economists who still judge inflation is not strong enough for a…...
Novartis twin drug trial setbacks pile pressure on pipeline, CEO
5+ day, 11+ hour ago (619+ words) By Bhanvi Satija, Dave Graham and Marleen Kaesebier ZURICH, Sept 8 (Reuters) – Novartis said on Tuesday its experimental drug for a muscle-wasting disorder failed a late-stage study, the second major trial setback in days, sending the Swiss drugmaker’s shares down about…...