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Ubisoft shares drop, erase early gains on talk hedge funds shorting stock

By Alessandro Parodi and Johan BODINIER (Reuters) -Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its

CoreWeave set to climb 18% in debut, on track for $27 billion valuation

By Niket Nishant and Manya Saini (Reuters) -CoreWeave's shares were set to open nearly 18% above their offer price in their Nasdaq debut on Friday, giving the Nvidia-backed AI infrastructure firm a

Chipmaker Wolfspeed’s shares plunge over 45% to 27-year low

(Reuters) - Wolfspeed's shares slumped about 48% on Friday, hitting their lowest since 1998, a day after the chipmaker appointed a new CEO amid its struggles to improve its financial position. The

Nvidia-backed CoreWeave’s shares likely to open up to 25% above IPO price

(Reuters) - CoreWeave's shares were set to open up to 25% above their offer price in the company's debut on the Nasdaq on Friday. The Nvidia-backed AI infrastructure firm's stock was indicated to

Google to pay $100 million to settle advertisers’ class action

By Jonathan Stempel (Reuters) - Google has agreed to pay $100 million in cash to settle a long-running lawsuit claiming it overcharged advertisers by failing to provide promised discounts and charged

CoreWeave’s retail appeal may be tempered by IPO timing, financial pressures

By Niket Nishant and Manya Saini (Reuters) - Concerns sparked by CoreWeave's debt pile and other financial challenges may weigh on retail investor enthusiasm as it prepares to go public after what

Berlin on measures against U.S. tech giants: ‘Nothing is off the table’

BERLIN (Reuters) - A German government spokesperson said on Friday that "nothing is off the table" with regards to punitive measures in response to the threat of U.S. tariffs. Asked whether

EU to invest $1.4 billion in artificial intelligence, cybersecurity and digital skills

BRUSSELS (Reuters) - The European Commission will invest 1.3 billion euros ($1.4 billion) in artificial intelligence, cybersecurity and digital skills through the Digital Europe Programme for 2025 to

Ubisoft jumps as much as 12% after Tencent invests in new unit

By Johan BODINIER and Alessandro Parodi (Reuters) -Ubisoft shares rose as much as 12% on Friday after it announced plans to set up a subsidiary in which Tencent will invest 1.16 billion euros, as the

EU could charge fees on PayPal in U.S. tariff dispute, says senior lawmaker

BERLIN (Reuters) - The European Union could charge fees on PayPal as part of a tariff dispute with the United States, a senior European lawmaker said on Friday. Bernd Lange, the head of the European

On Camera

Who grounded IndiGo flights? They are the culprits, not DGCA

The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?

Steady growth rooted in ‘Dravidian model’. How Tamil Nadu more than doubled its GSDP in 10 yrs

RBI Handbook of Statistics shows state’s GSDP has more than doubled in past decade, finishing second behind Maharashtra. It has performed well across health & education parameters as well.

Israel has ‘realised who its real friend is’, eyes defence expansion in India amid arms curbs by others

It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.

India’s top airline just handed sarkar the keys. That’s IndiGo’s real ‘crime’

Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.