Reuters Financial News

Salesforce Inc is hiring 3,300 people across various departments after cutting 10% jobs in January this year, Bloomberg News reported on Thursday, citing CEO Marc Benioff. «Our job is to grow the company and to continue to achieve great margins,» Benioff told Bloomberg in an interview. «We know we have to hire thousands of people.»

Databricks, a data analytics platform using artificial intelligence (AI), said on Thursday it secured more than $500 million in a funding round that valued the company at $43 billion, marking one of the biggest funding events for private tech companies this year amid AI-fueled optimism. The new round, led by T. Rowe Price, could mark the last round of private funding as the data company gears up for the public market. Chipmaker Nvidia, another beneficiary of the AI boom, and credit card firm Capital One Financial, also participated in the latest funding round.

Google has given a small group of companies access to an early version of Gemini, its conversational artificial intelligence software, The Information reported on Thursday, citing people familiar with the matter. Gemini is intended to compete with OpenAI's GPT-4 model, according to the report.

BEIJING — China's National Bureau of Statistics was set Friday to release economic data for August, a day after a surprise rate cut to aid its faltering economy.

Reuters, located inconspicuously up a steep staircase on the bustling thoroughfare of The Strand in central London, the restaurant was established just four years after India gained independence in 1947. It was founded by members of the India League, a British-based advocacy group that campaigned for India's freedom from colonial rule under British dominion.

Reuters. These discussions follow Disney CEO Bob Iger's statement in July, where he mentioned the possibility of divesting some of the company's conventional TV holdings. These assets have faced challenges over the years due to the increasing dominance of streaming services.

Shares of sugar companies soared on Thursday on news reports that output in Maharashtra, India's highest-producing state, could fall in the 2023-24 crop year to its lowest in four years. This could lead to higher sugar prices and boost the profitability of top companies in the sector, said analysts.Sakthi Sugars jumped 11.3%, Dhampur Sugar gained 10.4%, Dwarikesh Sugar rose 9.8%, Bajaj Hindusthan advanced 7.2% and Balrampur Chini moved up 4.8%. A Reuters report said Maharashtra's sugar output could fall 14% in the 2023-24 crop year due to lower cane yields following the driest August in more than a century. Maharashtra, Uttar Pradesh, and Karnataka are among the top sugarcane-producing states in the country, and a dry spell because of the El Nino effect will likely affect supply. Sugar companies are expected to witness strong earnings growth till FY26, according to brokerage DAM Capital. «We believe fast developing El Nino conditions would further hamper sugar production in these states and keep domestic sugar prices above ₹37/kg,» said DAM's analyst Sanjay Manyal in a note to clients.

Disney has held initial talks on the sale of its ABC network to U.S. local TV station owner Nexstar Media, Bloomberg News reported on Thursday, citing sources. Shares of the media giant rose 1%, while Nexstar stock jumped nearly 6%.

Joe Biden's son Hunter Biden was criminally charged on Thursday, after efforts to reach a plea deal failed, leading to the first ever prosecution of a sitting president's child. The indictment filed on Thursday U.S. District Court in Delaware with three criminal counts related to gun possession. The indictment brought by recently elevated U.S. Special Counsel David Weiss comes after a deal for Hunter Biden, 53, to plead guilty to two misdemeanor tax charges and enroll in a program to avoid prosecution on a gun-related charge collapsed in a stunning turn in a July hearing. The charges ensure that courtroom drama will play an outsized role in the 2024 U.S.

Belgium said on Thursday it would review potential health risks linked to Apple's iPhone 12, raising the prospect that more European countries might ban the model after France ordered a halt to sales due to breaches of radiation exposure limits. However, there seemed to be no immediate prospect of an EU-wide ban as the European Commission said it would wait for feedback from other EU countries before deciding on any action.

(Reuters) -Abcam Plc (O:ABCM) founder Jonathan Milner on Thursday said he would vote against medical tools supplier Danaher (NYSE:DHR)'s proposed $5.7 billion acquisition of the company, as it undervalues the protein consumables manufacturer.

(Reuters) -Israeli Prime Minister Benjamin Netanyahu will meet X owner Elon Musk on Monday in Silicon Valley, an official in Netanyahu's office said on Thursday, and Musk said their talks would focus on artificial intelligence technology.

LONDON : Russia has stepped up imports of the aluminium feedstock alumina from India in recent months to supply its vast Siberian plants, a move that diversifies the sanctions-hit country's supply, helps reduce dependence on China and cuts costs. After invading Ukraine, the world's second biggest producer of aluminium lost two crucial sources of alumina, used to make aluminium metal, as a refinery in Ukraine suspended production and Australia banned supplies to Russia. While Russia and China are on friendly terms, aluminium production in China is rising, leaving less price flexibility for Russia to buy alumina.

NEW YORK (Reuters) — A slew of U.S. economic data showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely to keep interest rates higher for longer.

By Francesco Canepa and Balazs Koranyi

Investing.com — The U.S. dollar edged lower in early European trade Thursday after U.S. inflation release, while the euro climbed from recent lows ahead of the European Central Bank's eagerly-awaited rate-setting meeting. 

By Nikunj Ohri

Tata Motors, India's biggest electric carmaker, is testing its electric vehicles in some global markets where it could look at a potential launch if the experiment succeeds, its managing director told Reuters. The tests are in early stages and based on how the cars perform, Tata may need to make some changes to the product before it can finalise and develop a «go to market» strategy, Shailesh Chandra said in an interview. «It is about which markets I should be in, with what products and with what kind of distribution strategy. We are assessing some markets, running our cars, discussing with business partners,» he said. Chandra said it was too early to discuss details of the export markets and there would be more clarity next year. Tata also plans to roll out new car dealerships over coming quarters in some Indian cities that will exclusively sell EVs as sales of its clean cars gain momentum and it lines up faster launches of new electric models, Chandra said. Sales of EVs globally have been growing as tighter emission regulations push carmakers to increase the share of electric cars in their portfolio.

White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet's Sundar Pichai, Walmart's Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores and others. They are part of a council of leaders affiliated with Welcome.US, a group dedicated to helping support refugees in the United States.

By Marc Jones

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