Pakistan seeks $10 billion fund from US after mediating Iran talks, sources say
Pakistan has asked the United States for a $10 billion exchange stabilization facility, according to two sources briefed on the matter, which, if approved, could provide a lifeline for the…
EU to review airline ownership rules, threatening easyJet bids
The European Union is preparing a review of airline ownership rules to prevent foreign investors from gaining effective control of carriers, an EU official said, a move that could complicate…
Software firm CCC exploring sale, sources say
CCC Intelligent Solutions, a provider of software and AI-powered workflow tools, is exploring a sale of the company, according to three people familiar with the matter. Shares rose 13% to…
China’s DeepSeek developing its own AI chip, sources say
Chinese startup DeepSeek is developing its own AI chip, according to three people familiar with the matter, a push that could reduce its reliance on Nvidia and Huawei chips, which…
US House committee opens investigation into Merck, AbbVie China drug trials
The chair of the U.S. House Select Committee on China opened national security investigations into whether five drugmakers have been involved in clinical trials conducted in China that helped fuel…
Trump to seek more than $1.4 billion in Ebola funding from Congress
The White House is planning to seek more than $1.4 billion in new funds from Congress to address the widening Ebola virus outbreak as soon as Wednesday, according to a…
Japan plans to better manage war chest for yen intervention, draft report shows
Japan’s government plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, a war chest for future yen intervention, according to a draft growth strategy report…
Nuvei in advanced talks to acquire payment firm Payoneer for $2.7 billion, sources say
Canadian payments firm Nuvei is in advanced talks to acquire cross-border payments company Payoneer Global for about $2.7 billion, according to two people familiar with the matter. Shares of Payoneer…
Swiss lawmakers consider fresh compromise for UBS capital rules, sources say
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Indian monsoon reaches Kerala, three days later than usual
Reuters was the first to report that the Monsoon rains hit the coast of India’s southernmost state of Kerala, three days later than usual, offering respite from a gruelling heatwave…