Eutelsat shares dropped sharply Wednesday after a report that SoftBank reduced its holdings in the French satellite operator, underscoring growing uncertainty around Europe’s efforts to compete with Elon Musk’s Starlink in the fast expanding satellite broadband market. The Reuters report indicated SoftBank sold thirty six million rights, equal to about twenty six million shares, leaving … Read more
BRUSSELS — Former European Union foreign policy chief Federica Mogherini and two other senior figures have been formally accused of procurement fraud, corruption, conflict of interest and violation of professional secrecy, European authorities said Wednesday. Their brief detention earlier this week has raised concerns across Brussels’ diplomatic and academic communities. Belgian authorities detained Mogherini on … Read more
Taipei, Taiwan — Taiwan prosecutors charged Tokyo Electron’s Taiwan unit on Tuesday with violating the National Security Act and the Trade Secrets Act, marking the first corporate indictment under the nation’s national security law related to the alleged theft of critical technology trade secrets from semiconductor giant TSMC (2330.TW). The indictment follows the August prosecution … Read more
The US dollar was set for its ninth straight decline on Wednesday as traders increasingly bet on Federal Reserve rate cuts following a series of economic data points and signals of a more dovish monetary policy stance. Investors also weighed the growing prospect of a new Fed chair, adding complexity to expectations for future policy … Read more
SEOUL, South Korea — South Korea and the United States have agreed to create a joint venture aimed at securing a stable supply of enriched uranium for South Korea’s nuclear reactors. President Lee Jae Myung said Wednesday, offering the clearest description yet of what officials are calling the South Korea nuclear fuel deal. Lee disclosed … Read more
SEOUL, South Korea — One year after South Korea’s martial law crisis shook the country’s democratic foundations, President Lee Jae Myung urged national unity Wednesday while warning that reconciliation will remain out of reach until those behind the failed power grab are held accountable. The remarks marked the anniversary of the dramatic night when armed … Read more
Michael and Susan Dell have pledged $6.25 billion to fund investment accounts for at least 25 million American children, marking one of the largest charitable donations in the nation’s recent history. The funds will support so called “Trump Accounts,” a program set to launch in 2026, which allows parents to manage investment accounts on behalf … Read more
Boeing stock rose sharply Tuesday after the company’s chief financial officer said the planemaker expects higher deliveries of its 737 and 787 aircraft next year, signaling renewed confidence as the company works to stabilize output and restore trust across its supply chain. CFO Jay Malave told investors at a UBS conference that Boeing anticipates stronger … Read more
YouTube’s new AI deepfake tracking tool has drawn scrutiny from privacy specialists and digital rights advocates who warn that the feature could expose creators to long term risks tied to biometric data. The tool, which relies on facial recognition to detect AI generated content that mimics a creator’s likeness, requires users to submit government IDs … Read more
LOS ANGELES — Media company Warner Bros Discovery received a revised offer this week from streaming giant Netflix in a binding second round of bids that could unlock a sale within days or weeks, a person familiar with the matter told Reuters on Monday. The Netflix offer is mostly cash and stands alongside competing bids … Read more
