Business

Silicon Valley startup Cerebras Systems, known in the industry for its dinner plate-sized chip made for artificial intelligence work, on Monday unveiled its AI supercomputer called Andromeda, which is now …

Silicon Valley chip startup Cerebras unveils AI supercomputer Read More

Walmart (WMT.N) and Target (TGT.N) results this week are likely to show that major retailers are heading for a turbulent holiday season as rampant inflation has made everything from toothpaste …

Walmart, Target results will tell how gloomy holidays could get for retailers Read More

Faraday Future Intelligent Electric (FFIE.O) said on Monday it had signed a deal to raise up to $350 million as the electric-vehicle startup looks to roll out its FF 91 …

EV startup Faraday Future signs deal to raise up to $350 mln Read More

The president of Germany’s financial regulator, Mark Branson, on Monday called on banks to increase their risk provisions while earnings are strong. Branson, speaking at a conference in Frankfurt, praised …

German regulator calls on banks to increase risk provisions Read More

Chinese refiners are slowing down Russian crude purchases in December and paying lower premiums in the face of imminent European Union sanctions and uncertainty surrounding the G7’s plan to cap …

China refiners slow down Russian oil purchases as sanctions near Read More

Italy’s new government wants to bring Telecom Italia’s (TIM) (TLIT.MI) network under state control to speed up the digitalization of the economy, Industry Minister Adolfo Urso said on Monday. “We …

Italy aims to bring Telecom Italia network under state control Read More

The Swedish Prosecution Authority on Monday said it had closed an investigation into suspected bribery payments made in China by employees at telecoms equipment maker Ericsson (ERICb.ST) because there was …

Sweden drops investigation into suspected Ericsson bribery in China Read More