Business

  • BusinessReuters

    Exclusive-Fidelity International plan to cut 16% of China fund unit jobs, sources say

    Fund manager Fidelity International(FIL) is planning to lay off 20 people at its main China business unit, two sources familiar with the matter said, a move that comes amid a global downsizing by the firm and a downturn in China's markets. FIL's wholly-owned China fund unit, which currently houses around 120 staff, will launch a cut equivalent to around 16% of its headcount, according to the sources, who declined to be named as they were not authorised to speak to media. A FIL spokesperson sai

    1-min read
  • BusinessBloomberg

    Oil Holds Gain With Russian Refining and OPEC+ Curbs to the Fore

    (Bloomberg) -- Oil held a gain with the impact of Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesMusk Says His Ketamine Prescription Is in Investors’ Best InterestsTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorPutin Warns Russia Won’t Stop After Predictable Election WinBrent crude traded near $87 a bar

    2-min read
  • BusinessCNN Business

    Apple is getting serious about AI

    Apple researchers say they’ve developed a family of multimodal models — which refers to an AI system that can interpret and generate different types of data, such as text and images at the same time — called MM1.

    3-min read
  • BusinessBloomberg

    WuXi Biologics’ Options See Frenzy Amid US Policy Uncertainty

    (Bloomberg) -- Traders have piled into options on WuXi Biologics Cayman Inc. to protect against potential swings, with its sister company’s earnings in focus on Tuesday.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesMusk Says His Ketamine Prescription Is in Investors’ Best InterestsTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorPutin Warns Russia Won’t Stop After Predictable Ele

    1-min read
  • BusinessBloomberg

    Binance Tasks Prime Brokers With Checks to Root Out US Investors

    (Bloomberg) -- Binance has asked prime brokers to run more stringent checks to keep US investors off the crypto exchange in the fallout from last year’s plea deal with the nation’s authorities, people with knowledge of the matter said.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesMusk Says His Ketamine Prescription Is in Investors’ Best InterestsTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conqueri

    4-min read
  • BusinessFreightWaves

    The Logistics of Nearshoring: Navigating U.S.-Mexico Border Complexities

    Nearshoring growth paired with lack of cross-border visibility is creating new challenges for cross-border logistics providers. Nuvocargo combines technology and expertise to overcome hurdles common to traditional big-box brokerages. The post The Logistics of Nearshoring: Navigating U.S.-Mexico Border Complexities appeared first on FreightWaves.

    4-min read
  • BusinessBloomberg

    Gunvor Says Drones Shut 600,000 Barrels of Russian Refining

    (Bloomberg) -- Gunvor Group Ltd. Chief Executive Officer Torbjörn Törnqvist estimates about 600,000 barrels of Russia’s daily oil-refining capacity has been knocked out by Ukrainian drone strikes.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesMusk Says His Ketamine Prescription Is in Investors’ Best InterestsTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamNvidia Unveils Successor to Its All-Conquering AI ProcessorPutin Warns Russia Won’t

    2-min read