Articles from www.reuters.com

Articles from www.reuters.com

Filing: Shein reports 2024 UK sales up 32.3% YoY to £2.05B, making the UK its third largest market after the US and Germany, as it works toward a Hong Kong IPO (www.reuters.com)
2025-8-16 Germany Hong Kong IPO

Sen. Josh Hawley calls for a congressional probe into Meta after a report on its AI policy allowing sensual chats with kids; Sen. Marsha Blackburn backs a probe (www.reuters.com)
2025-8-15 AI

An internal Meta doc shows its chatbots were allowed to engage in provocative conversations; Meta removed some examples, including romantic roleplay with kids (www.reuters.com)
2025-8-14 chatbot

Indian IT services company Infosys agrees to take a 75% stake in Versent Group, a cloud services provider wholly owned by Australia's Telstra Group, for ~$153M (www.reuters.com)
2025-8-14 Australia India Telstra

Lenovo reports Q1 revenue up 22% YoY to $18.8B, vs. $17.4B est., and net profit surged 108% YoY to $505M, vs. $307.7M est., despite challenges from US tariffs (www.reuters.com)
2025-8-14 Lenovo

Google plans to spend $9B in Oklahoma over two years on cloud and AI infrastructure, including a new data center campus and an expansion of its Pryor facility (www.reuters.com)
2025-8-14 Google AI

Cisco reports Q4 revenue up 8% YoY to $14.67B, vs. $14.62B est., net income up 31% to $2.8B, and forecasts Q1 revenue above estimates (www.reuters.com)
2025-8-14 4Q Cisco

Sources: the US Navy and Air Force may cancel two nearly complete HR software projects to give firms like Salesforce and Palantir a chance to win similar work (www.reuters.com)
2025-8-14 Salesforce

New York sues Zelle, claiming that security lapses led to $1B in consumer fraud losses; the US CFPB dropped a similar case in March (www.reuters.com)
2025-8-14 New York

Sources: the US secretly embedded location trackers in select AI chip and server shipments, including Dell and Super Micro, to detect illegal China diversions (www.reuters.com)
2025-8-13 China AI

Tencent reports Q2 revenue up 15% YoY to ~$25.7B, vs. ~$24.8B est., gaming revenue up 17% YoY to ~$5.6B, global revenue up 35% YoY to ~$2.6B, a $7.7B net profit (www.reuters.com)
2025-8-13 Tencent

Advent International agrees to acquire and take private Nasdaq-listed Sapiens International, an Israel-based insurance software company, for $2.5B in cash (www.reuters.com)
2025-8-13 Israel Insurance

Elon Musk alleges Apple is violating antitrust laws by “making it impossible” for any AI firm but OpenAI to top its App Store, says xAI will take legal action (www.reuters.com)
2025-8-12 AI Apple Elon Musk

Paxos applies to create a US national trust bank, which would allow it to manage and hold assets for customers, following applications by Circle and Ripple (www.reuters.com)
2025-8-12 Asset

A UK judge dismisses Wikimedia's Online Safety Act challenge over requiring Wikipedia to verify users and contributors, but says it can file further challenges (www.reuters.com)
2025-8-11

UK retailer M&S resumes click and collect services after a cyberattack on April 22, set to cost it ~£300M; M&S restarted online delivery orders on June 10 (www.reuters.com)
2025-8-11

Rumble says it plans to acquire German AI cloud group Northern Data in an all-stock deal; estimates show the deal could be valued at $1.17B (www.reuters.com)
2025-8-11 Germany AI

Sources: SoftBank has selected banks for a potential US IPO of its payments app operator PayPay, which may raise over $2B and could take place as soon as Q4 (www.reuters.com)
2025-8-11 IPO 4Q

Coding bootcamps, a Silicon Valley mainstay for over a decade, are facing decline as AI eliminates the kind of entry-level roles for which they trained people (www.reuters.com)
2025-8-10 AI

Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years (www.reuters.com)
2025-8-9 India AI

Ripple and the SEC agree to dismiss their court appeals, ending a lawsuit but leaving a judge's injunction on XRP sales to institutions and a $125M fine intact (www.reuters.com)
2025-8-9 XRP

SMIC reports Q2 revenue up 16.2% YoY to $2.2B, in line with expectations, and profit down 19.5% YoY to $132.5M, below $183.35M est. (www.reuters.com)
2025-8-7

Ripple plans to acquire stablecoin payments platform Rail for $200M, set to close in Q4 2025; Rail says it handles 10% of all global stablecoin payment activity (www.reuters.com)
2025-8-7 4Q

State Department cable: Marco Rubio orders diplomats in Europe to lobby against the DSA, arguing it imposes free speech restrictions and high compliance costs (www.reuters.com)
2025-8-7 Europe

Sen. Tom cotton sends a letter to Intel's board chair with questions about CEO Lip-Bu Tan's ties to China and subpoenas during his tenure as Cadence Design CEO (www.reuters.com)
2025-8-7 China Intel

South Korea's top trade envoy Yeo Han-koo says Samsung and SK Hynix will not be subject to 100% tariffs on US chip imports, citing the US-South Korea trade deal (www.reuters.com)
2025-8-7 Korea Samsung

Taiwan's chip sector is cultivating overseas talent with summer camps and university courses to address a shortage of skilled professionals and production staff (www.reuters.com)
2025-8-7 Taiwan

A term sheet shows Ant will sell its remaining 5.84% Paytm stake via block deals that could total ~$433.72M; Ant sold a 4% stake in May and 10.3% in August 2023 (www.reuters.com)
2025-8-7

Sources: Intel's 18A process yield has remained low, with only ~5% of its Panther Lake chips meeting its specifications in late 2024 and ~10% by summer 2025 (www.reuters.com)
2025-8-7 Intel

Cisco Talos finds a flaw in the Broadcom BCM5820X chip used in Dell's ControlVault security firmware, affecting 100+ laptop models; Dell issued patches in 2025 (www.reuters.com)
2025-8-7 Cisco

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