Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say
By Julie Zhu, Greg Roumeliotis and Kane Wu HONG KONG/NEW YORK (Reuters) -Fast-fashion giant Shein is stepping up preparations for…
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China’s consumer prices rise for third month, signalling demand recovery
By Joe Cash BEIJING (Reuters) -China’s consumer prices rose for a third straight month in April, while producer prices extended…
Arm plans to launch AI chips in 2025, Nikkei reports
(Reuters) -SoftBank Group’s Arm Holdings plans to develop artificial-intelligence (AI) chips, seeking to launch the first products in 2025, Nikkei…
Musk’s Starlink satellites disrupted by major solar storm
By Utkarsh Shetti (Reuters) -Starlink, the satellite arm of Elon Musk’s SpaceX, warned on Saturday of a “degraded service” as…
OpenAI plans to announce Google search competitor on Monday, sources say
By Anna Tong (Reuters) -OpenAI plans to announce its artificial intelligence-powered search product on Monday, according to two sources familiar…
McDonald’s considering $5 meal deal launch to draw diners, source says
(Reuters) -McDonald’s U.S. franchises are considering launching a $5 meal deal, a source familiar with the matter said on Friday,…
After layoffs, Musk says Tesla to spend $500 million on charging network
(Reuters) -Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on…
TikTok, ByteDance sue to block US law seeking sale or ban of app
By David Shepardson WASHINGTON (Reuters) -TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking…
Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions
By Lisa Baertlein LOS ANGELES (Reuters) -Amazon.com on Tuesday unveiled the first of a dozen Volvo electric big rigs it…
Explainer-Why is the US government trying to ban TikTok or force Bytedance to divest?
WASHINGTON (Reuters) -TikTok and its owner Bytedance on Tuesday sued to stop a law that would give its Chinese parent…