Business News

April 2 (Reuters) – Coinbase Global (COIN.O), opens new tab has received conditional approval from banking regulators for a national trust company charter, Bloomberg News reported on Thursday, in ‌a move that could boost the biggest U.S. cryptocurrency exchange’s appeal among large institutional investors.   Full approval from the Office of the Comptroller of the Currency would […]

BEIJING, April 2 (Reuters) – China’s central bank has expanded its digital yuan programme by adding a dozen additional banks as operators, confirming a Reuters report ‌last month.   The 12 new banks allowed to handle the digital yuan include China CITIC Bank (601998.SS), opens new tab, China Everbright Bank (601818.SS), opens new tab, China Guangfa Bank, Shanghai Pudong

LONDON, March 27 (Reuters) – Britain has told parents to curb young children’s screen time, advising no screens for under-2s and up to an hour a day for 2- to 5-year-olds because prolonged solo use can disrupt sleep and ‌displace play and exercise. Governments worldwide have been moving to tighten rules around children’s online use, with countries including

YAOUNDE, March 28 (Reuters) – A group of World Trade Organization members agreed on Saturday to sidestep adoption hurdles for the world’s first baseline on digital trade rules, opting to ‌bring the agreement into force among consenting participants, the WTO said. In recent years, efforts by a group of countries to fold the E-Commerce Agreement into

March 20 (Reuters) – Foreign AI tools like Claude, ChatGPT and Gemini could be banned or restricted inside Russia ‌if they fail to adhere to new rules that would give Moscow sweeping powers to regulate the sector, according to government proposals published online. The proposals, published by Russia’s Ministry for Digital Development, would extend to

WASHINGTON, March 20 (Reuters) – Pinterest CEO Bill Ready called on world leaders to ban social media ‌for youth under 16 in a LinkedIn post on Friday.   Ready posted his statement while a trial is under way in Los Angeles about youth social media use. Google and Meta face allegations that their apps are fueling a

March 13 (Reuters) – Adobe’s battered shares fell another 6% on Friday as news that the Photoshop maker’s long-time CEO would step down cast fresh doubts over its strategy to battle mounting AI competition.   Shantanu Narayen is credited ‌with crafting the modern Adobe (ADBE.O), opens new tab by turning its creative tools into a subscription service

March 13 (Reuters) – Adobe (ADBE.O), opens new tab said on Friday it ‌will pay $75 million to resolve a U.S. government lawsuit accusing the Photoshop and Acrobat maker of harming consumers by concealing hefty termination fees and making it difficult to cancel subscriptions.   The San Jose, California-based company said it will also provide $75 million

March 7 (Reuters) – Caitlin Kalinowski, head of robotics and consumer hardware at OpenAI, announced her resignation on Saturday, citing ​concerns about the company’s agreement with the Department ‌of Defense. In a social media post on X, Kalinowski wrote that OpenAI did not take enough time before agreeing to deploy its AI models ​on the Pentagon’s classified cloud

BEIJING, March 7 (Reuters) – China’s commerce ministry on Saturday raised the possibility of ‌another global semiconductor supply chain crisis due to “new conflicts” between Dutch chipmaker Nexperia and its Chinese subsidiary. Production across the global auto industry was disrupted in October when Beijing imposed export controls on Chinese-made Nexperia ​chips after The Hague seized the company from its Chinese parent Wingtech (600745.SS),