Nvidia invests $3.5b in MediaTek convertible bonds

Nvidia said on ‌Monday it has invested $3.5 billion in convertible bonds issued by Taiwan's MediaTek, ‌which could add to growing investor concerns about circular financing in ⁠the AI sector. The new deal is the latest example of Nvidia helping ⁠finance businesses building products and infrastructure around its technology, ​a strategy that supports growth in ‌its AI ecosystem but has ‌drawn ‌investor scrutiny. The deal includes ‌MediaTek adopting Nvidia's ​NVLink Fusion platform, allowing custom

2026-08-31 21:54:46:00

North Korea condemns US-South Korea drills despite Trump order to scale back

North Korea denounced military drills by the US and South Korea, saying it ‌would continue exercising its right to self-defence to counter what it called military threats from the two countries, state media KCNA reported ‌on Wednesday. A KCNA commentary called the US and South Korea "warmongers" that raise tensions on the Korean Peninsula, denouncing the 11-day Ulchi Freedom Shield exercise. The ⁠criticism comes after US President Donald Trump on Sunday ordered the Pentagon to "substantially red

2026-08-19 08:21:56:00

EU imposes anti-dumping tariffs on terephthalic acid from South Korea, Mexico

BRUSSELS (Reuters) -- ​The European Union imposed on Monday tariffs ‌on terephthalic acid - a raw material used to make ‌a common sort of plastic known as PET - made ⁠in South Korea and Mexico to protect producers in Belgium, Poland and ⁠Spain. The so-called anti-dumping new duties ​were set at a range between 6.1 percent ‌and 13.3 percent on the ‌commodity ‌made in South ‌Korea and at 24.1 percent ​on the chemical made ⁠in Mexico, the EU Commission said in a statement on Monday. "Terephthalic ⁠

2026-08-10 20:15:33:00

25 US states sue to challenge Trump's latest tariffs

NEW YORK (Reuters) -- A group of 25 Democratic-led US states sued Donald Trump's administration Monday, arguing that the president's latest round of tariffs on goods from 60 trading partners, like most of his earlier sweeping tariffs, exceeds his legal authority to tax imports. The states' ‌lawsuit filed in the US Court of International Trade in New York follows previous challenges by small US businesses, which sued to block the tariffs on the day they went into effect last month. States and sma

2026-08-04 11:25:24:00

Trump blasts Exxon, Chevron profits, urges lower gas prices

WASHINGTON (Reuters) -- US President Donald ‌Trump accused ExxonMobil and Chevron Monday of making "too much money" off higher fuel prices and said the oil giants should "give some of that back to the public," a notable break from his usual alliance with the industry. "I don't like it," Trump told reporters Monday, three days after the ‌companies reported blowout second-quarter earnings as the ongoing war in Iran keeps oil prices high. “Chevron, too much money. ExxonMobil, too much. Too much mon

2026-08-04 10:37:54:00

Migrants say hunger and hostility drove them back from Spain's Ceuta to Morocco

Migrants who swam or jumped over fences to rush into Spain's African enclave of ‌Ceuta were returning home on Saturday, with many saying hunger, exhaustion and hostility from locals had crushed their hopes of a new life in Europe. Those heading back told Reuters they had initially been drawn by viral social-media videos and messages from friends suggesting that the heavily guarded border could ‌be breached. But after reaching Ceuta, many said they found no way to continue onward to mainland Spai

2026-08-02 12:30:34:00

US Justice Department subpoenas New York Times freelancer over North Korea story, paper says

The US Justice Department has subpoenaed the records of a freelance ‌journalist for the New York Times as part of a probe into the sourcing of a 2025 story about ‌a botched US military operation in North Korea, the newspaper said on Saturday. Freelancer Matthew Cole was subpoenaed in February by Virginia prosecutors seeking more than ⁠two years' worth of his notes as well as his testimony, according to the newspaper. Reuters could not immediately independently verify the information, ⁠but a spok

2026-08-02 09:20:07:00

Warsh-led Fed leaves rates on hold

WASHINGTON (Reuters) -- A divided Federal Reserve left interest rates unchanged Wednesday even as US central bank chief Kevin Warsh pledged an unwavering commitment to bring inflation ‌down, a message that left markets confused about just what he was prepared to do. Warsh, in what has become characteristic fashion, declined during a press conference to offer any clues about what action would be needed to contain inflation that has held above the Fed's 2 percent target for more than five years, p

2026-07-30 10:37:17:00

Nvidia to acquire $1 billion of new shares of South Korea's Naver

South Korea's Naver said ‌in a regulatory ⁠filing on Monday that ⁠Nvidia ​will acquire $1 billion of ‌its ‌shares ‌to ‌be newly ​issued ⁠as part of an ⁠investment ​partnership ⁠to ​build a new ⁠data ⁠center. (Reuters)

2026-07-27 08:34:32:00

Asian refiners look to Suez Canal to move Saudi oil

HOUSTON (Reuters) -- Asian refiners are seeking to ship crude oil from Saudi Arabia's Red Sea port ‌through the Suez Canal and around Africa after Yemen's Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia. The move marks the latest redirection of oil flows due to the US-Israeli war with Iran that has sharply cut supplies, pushing refiners to ⁠seek alternative barrels or undertake different routes. Two oil tankers carrying Saudi crude to Asia reversed course in the Red

2026-07-22 10:16:40:00