Author: Reuters Econ

Semiconductor startup Groq said on Monday it has secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of its advanced AI chips to the country.

New Zealand will relax visa rules to attract more foreign investors, in efforts to stimulate economic growth, its centre-right government said on Sunday.

Japanese Prime Minister Shigeru Ishiba said he agreed with U.S. President Donald Trump that the two countries will leave foreign exchange-rate matters in the hands of their finance ministers.

In remarks that suggest she is in no hurry to cut interest rates, Federal Reserve Governor Adriana Kugler on Friday said she expects continued solid economic growth this quarter, and noted slow progress on inflation and a lack of clarity on how the Trump administration’s policies will affect the economy.

U.S. refiner Delek has the option to run more light, sweet crude oil if it is economical to do so, CEO Avigal Soreq said on Thursday, amid tariff uncertainty threatening supplies of heavy sour grades from Canada and Mexico.

Airbus had a relatively slow start to the year in commercial jet production and deliveries after sprinting towards the finish line in December following months of supply chain turbulence, according to data from UK-based Cirium Ascend.

The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank’s asset cap remained in place.

Makers of alcoholic beverages, including Johnnie Walker and Corona beer, could be caught in the crosshairs of a potential trade war after U.S. President Donald Trump imposed sweeping new tariffs on goods from Mexico, Canada and China.

Volkswagen is counting on talks to avoid trade conflict, Europe’s biggest carmaker said on Sunday, after U.S. President Donald Trump ordered tariffs on goods from Mexico, Canada and China.

Bill Ackman, the owner of investment firm Pershing Square, said on Saturday that he is reincorporating his management company in Nevada.