Articles from www.reuters.com

Articles from www.reuters.com

The UK says the Digital Services Tax remains unchanged under the trade deal agreed between the US and the UK, both of which will work on a “digital trade deal” (www.reuters.com)
2025-5-9 Tax

SMIC reports Q1 revenue up 28.4% YoY to $2.2B, vs. $2.3B est., profit up 161.9% YoY to $188M, vs. $222.4M est., and says H2 has “opportunities and challenges” (www.reuters.com)
2025-5-8

In prepared Senate testimony, Microsoft and others urge US lawmakers to streamline federal AI energy permits and open government data sets for AI training (www.reuters.com)
2025-5-8 Microsoft Energy AI Senate

Nebius Group's Toloka, which uses human experts to train and evaluate AI models and has worked with Amazon and Anthropic, raised $72M led by Bezos Expeditions (www.reuters.com)
2025-5-8 Amazon AI

Bumble reports Q1 revenue down 7.7% YoY to $247.1M, in line with $246.2M est., with Bumble app paying users falling ~1% YoY to 2.7M; BMBL jumps ~7% after hours (www.reuters.com)
2025-5-8

TPG and Corpay agree to acquire Charlotte, NC-based AvidXchange, a payment automation software provider, for $2.2B, with Corpay investing ~$500M for a 33% stake (www.reuters.com)
2025-5-8

Alibaba partners with RedNote, also known as Xiaohongshu, to allow users on RedNote to directly click on product links to shop on Alibaba's Taobao platform (www.reuters.com)
2025-5-8 Alibaba

A US court rejects a legal challenge by the FTC to Microsoft's $69B Activision Blizzard acquisition, upholding a lower court ruling that denied an injunction (www.reuters.com)
2025-5-8 Microsoft

AWS says it plans to invest $4B to build its first data centers and cloud infrastructure in Chile, set to open in H2 2026, and will try to use minimal water (www.reuters.com)
2025-5-8 Chile

Sensor Tower: Shein's ad spend rose 35% MoM in France and the UK in April, while Temu's jumped 40% MoM and 20% MoM respectively, amid Trump's de minimis ban (www.reuters.com)
2025-5-6 Trump France Ban Sensor

TeleMessage's parent company says it is “investigating a potential security incident” and has suspended all of its services “out of an abundance of caution” (www.reuters.com)
2025-5-6

Tel Aviv-based eToro Group says it's targeting a $4B valuation in a Nasdaq IPO, aiming to raise $500M, after pausing plans last month amid market volatility (www.reuters.com)
2025-5-6 IPO

The US DOD transfers its AI-based Open Price Exploration for National Security program to nonprofit Critical Minerals Forum to boost Western supply deals (www.reuters.com)
2025-5-3 AI

Kuwait cracks down on crypto miners for being a “major” cause of blackouts; energy consumption in the Al-Wafrah region fell by 55% after the crackdown (www.reuters.com)
2025-5-2 Energy

Memo: the US DOD seeks to secure right-to-repair provisions in Army contracts to access tools, software, and technical data without IP constraints (www.reuters.com)
2025-5-2

London's Court of Appeal rules Apple must pay Optis $502M as a lump sum for using Optis' 4G patents from 2013 to 2027, overturning a 2023 High Court decision (www.reuters.com)
2025-5-1 Apple London

Sources: Adani Group pauses talks with Israel's Tower Semiconductor on a $10B chip project in Maharashtra, India, due to uncertainty over potential demand (www.reuters.com)
2025-5-1 India Israel

eBay reports Q1 revenue up 1% YoY to $2.59B vs. $2.55B est., forecasts Q2 revenue above est.; CFO Steve Priest to step down in May, with Peggy Alford succeeding (www.reuters.com)
2025-5-1 eBay

Amazon says it will spend $4B+ to expand its US rural delivery network by the end of 2026, growing the network to 200+ delivery stations and creating 100K jobs (www.reuters.com)
2025-5-1 Amazon

Microsoft's Q3 capex rose 52.9% YoY to $21.4B, vs. $22.4B est.; Microsoft reiterated this month that it would spend $80B on its data center build-out this year (www.reuters.com)
2025-5-1 Microsoft

Grab reports Q1 revenue up 18% YoY to $773M, vs. $762.6M est., deliveries revenue up 18% YoY to $415M, and mobility revenue of $282M, as spending remains strong (www.reuters.com)
2025-4-30

Samsung reports Q1 revenue up 10% YoY to ~$55.4B, operating profit up 1.2% YoY to ~$4.68B, and chip division operating profit down 42% YoY to ~$770M (www.reuters.com)
2025-4-30 Samsung

Sources: Trump officials are considering removing a Biden-era rule that divides the world into tiers that help determine how many AI chips a country can obtain (www.reuters.com)
2025-4-30 Trump AI

In a first for the country, France blames Russia's GRU for a string of local cyber attacks, including on ministries, defense firms, and think tanks (www.reuters.com)
2025-4-30 Russia France

Amazon launches 27 satellites for its Project Kuiper broadband internet program, the first batch of 3,236 satellites it plans to send into low-Earth orbit (www.reuters.com)
2025-4-29 Amazon

Autodesk adds Jeff Epstein and Christie Simons to its board and settles the proxy fight with Starboard Value, which has criticized Autodesk for underperformance (www.reuters.com)
2025-4-26

Swiss National Bank says cryptocurrencies failed to meet its currency reserve standards, as a referendum campaign seeks to require SNB to hold bitcoin reserves (www.reuters.com)
2025-4-26 Bitcoin Switzerland

Intel reports Q1 revenue flat YoY at $12.67B, vs. $12.3B est., forecasts Q2 revenue below est., and reduces its 2025 capex target (www.reuters.com)
2025-4-26 Intel

The US Federal Reserve withdraws guidance requiring banks to seek regulatory approval before engaging in crypto-related activities, joining the FDIC and OCC (www.reuters.com)
2025-4-26

Adobe says Firefly users can now generate images using OpenAI's GPT, Google's Imagen 3 and Veo 2, and Flux 1.1 Pro, in addition to its own Firefly image models (www.reuters.com)
2025-4-26 Google Adobe

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