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Videogame firms hit with EU complaint over ‘tricking consumers’

By Foo Yun Chee BRUSSELS (Reuters) - Videogame companies Epic Games, Electronic Arts, Roblox and four others were hit with an EU consumer complaint on Thursday accusing them of misleading gamers into

IBM to take $2.7 billion charge related to transfer of pension obligations

(Reuters) - IBM said on Wednesday it expects a pre-tax charge of nearly $2.7 billion in the third quarter, related to a transaction involving the transfer of some of its pension plan obligations to a

Amazon’s AWS to invest $1.8 billion in Brazil through 2034

SAO PAULO (Reuters) -Amazon's cloud computing arm, Amazon Web Services (AWS), will invest 10.1 billion reais ($1.8 billion) in Brazil through 2034 to expand its data center operations in the country,

Goldman CEO firm dismisses notion GM credit card exit is messy

NEW YORK (Reuters) - Goldman Sachs CEO David Solomon on Wednesday dismissed the notion that the bank's early exit from its credit card partnership with General Motors was messy, saying the firm had

Ex-Google exec said goal was to ‘crush’ competition, trial evidence shows

By Jody Godoy ALEXANDRIA, Virginia (Reuters) - A Google executive told colleagues the goal for the company's then-nascent online advertising business in 2009 was to "crush" rival advertising networks,

US closer to greenlighting Nvidia chips for Saudi Arabia, Semafor reports

(Reuters) -The U.S. government is considering allowing Nvidia to export advanced chips to Saudi Arabia, potentially helping the country train and run the most powerful AI models, Semafor reported on

US closer to green lighting Nvidia chips for Saudi Arabia, Semafor reports

(Reuters) - The U.S. government is considering allowing Nvidia to export advanced chips to Saudi Arabia, Semafor reported on Wednesday, citing people familiar with the matter. (Reporting by Juby Babu

Cyberattacks on US utilities surged 70% this year, says Check Point

By Seher Dareen and Vallari Srivastava (Reuters) - U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining

Bankman-Fried’s ex-girlfriend Ellison urges judge to spare her prison for FTX fraud

By Luc Cohen (Reuters) - Former cryptocurrency executive Caroline Ellison urged a federal judge not to send her to prison after she pleaded guilty over her role in the theft of $8 billion from

Crypto stocks fall as bets on Harris win rise after debate, Swift support

By Manya Saini (Reuters) -U.S. cryptocurrency shares fell in early trading on Wednesday after Democratic candidate Kamala Harris put her Republican rival and crypto supporter Donald Trump on the

On Camera

Hassan Nasrallah’s assassination underlines Israel’s military supremacy. Will it win peace?

Israeli Prime Minister Benjamin Netanyahu has no intention of being drawn into another attritional war with Hezbollah. His commanders they are unlikely to win.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?