Citi launches AI tools for Hong Kong employees
A worker exits the Citi Headquarters in New York, U.S., January 22, 2024. REUTERS May 22 (Reuters) – Citigroup has launched Citi AI, a suite of artificial intelligence (AI) tools for its employees in Hong Kong, the bank said on Thursday. The tools support internal operations including information retrieval from Citi’s policy library, document summarisation […]
Walmart plans job cuts in restructuring push to simplify operations
Shopping trolley is seen in front of Walmart logo in this illustration, July 24, 2022. REUTERS (Reuters) – U.S. retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to simplify its operations, according to a memo seen by Reuters. The company’s plan will impact teams in its global […]
Exclusive: State Department refugee office to assume USAID’s disaster aid role, says cable
USAID logo and U.S. flag are seen in this illustration taken April 23, 2025. REUTERS Summary State Dept refugee office to lead foreign disaster responses Office to assume role from USAID Experts say refugee office lacks expertise, personnel WASHINGTON, May 21 (Reuters) – The State Department office that handles refugee […]
Qualcomm to make data center processors that connect to Nvidia chips
A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS SAN FRANCISCO/TAIPEI, May 19 (Reuters) – Qualcomm on Monday said it will make custom data center central processing units, or CPUs, that use technology from Nvidia to connect to Nvidia’s artificial intelligence chips. Nvidia’s […]
Oil prices slip as US, China concerns weigh
A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS SINGAPORE, May 19 (Reuters) – Oil prices slipped on Monday, weighed down by Moody’s downgrade of the U.S. sovereign credit rating and official data that showed a slow down in […]
Microsoft wants AI ‘agents’ to work together and remember things
A man looks at his phone as he passes by the Microsoft stand at the Mobile World Congress trade show, in Barcelona, Spain, March 3, 2025. REUTERS REDMOND, Washington, May 18 (Reuters) – Microsoft envisions a future where any company’s artificial intelligence agents can work together with agents from other firms and have better memories […]
Xiaomi to invest at least $6.9 billion in chip design, founder says
Visitors walk past a Xiaomi logo at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS Companies Xiaomi Corp Follow BEIJING, May 19 (Reuters) – Chinese smartphone and electric vehicle maker Xiaomi said on Monday it plans to invest at least 50 billion yuan […]
Asia shares slip on mixed China data, drop in Wall St futures
[1/2] A screen reflecting on glass displays the Hang Seng stock index at the Central district in Hong Kong, China, April 7, 2025. REUTERS/Tyrone Siu/File Photo Purchase Licensing Rights [2/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., March 17, 2025. REUTERS/Kylie Cooper/File Photo Purchase Licensing Rights Summary Companies Asian stock […]
Lufthansa management should be tougher with unions, says top investor Kuehne
Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. REUTERS Companies Deutsche Lufthansa AG Follow Air France KLM SA Follow Brenntag SE Follow International Consolidated Airlines Group SA Follow Kuehne und Nagel International AG Follow BERLIN, May 17 (Reuters) – Lufthansa’s (LHAG.DE), management should be more […]
Spectrum owner Charter to buy Cox for $21.9 billion in mega cable deal
Small toy figures with laptops and smartphones are seen in front of the displayed COX Internet logo, in this illustration taken December 5, 2021. REUTERS Summary Cox Enterprises to own 23% of combined entity The deal comes over a decade after a previous attempt was shelved Spectrum will be […]