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  • Justin Baldoni sues Blake Lively and Ryan Reynolds for $400M in new step in 'It Ends With Us' fight

    LOS ANGELES (AP) — “It Ends With Us” actor and director Justin Baldoni has sued his co-star Blake Lively and her husband, “Deadpool” actor Ryan Reynolds, for defamation and extortion on Thursday in the latest move in a bitter legal battle surrounding the dark romantic drama.

  • China probes US chip subsidies over 'harm' to Chinese mature node chipmakers

    BEIJING (Reuters) -China will launch an investigation into U.S. government subsidies to its semiconductor sector over alleged harm caused to Chinese mature node chipmakers, the commerce ministry said on Thursday. Unlike the cutting-edge chips that power artificial intelligence models, mature node chips are cheaper, easier to manufacture, and used for less complex tasks, including home appliances and communications systems. The investigation is the latest salvo in Beijing's policy of retaliating against Washington's ever-broadening scope of restrictions targeting China's semiconductor industry, which the Biden administration has alleged could go on to dominate global supply chains and help the Chinese military become technologically superior to its U.S. counterpart.

  • The Fall of India’s Hot Startup Is Wiping Out US Debtholders

    (Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesWill Americans Ever Lose Their Taste for Telework?Churches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsOn Wall Street, i

  • Tech war: US adds Chinese AI unicorn Zhipu to trade blacklist before Biden's exit

    Chinese start-up Zhipu AI said it "strongly disagrees" with a US decision to add the company and its subsidiaries to an export blacklist, as the administration of President Joe Biden released a flurry of trade restrictions just days before he leaves office. The US Department of Commerce on Wednesday added 25 China-based companies and two Singapore-based firms to its Entity List, accusing them of supporting Beijing's military advance. Blacklisted companies are barred from buying technology from U

  • Apple trails Huawei, Vivo in China smartphone market in 2024, iPhone leads fourth quarter

    Apple recaptured the top spot in China's smartphone market in the fourth quarter, but it fell to third place in 2024 after a year of escalating competition from domestic players, including a resurgent Huawei Technologies. The US tech giant saw smartphone shipments in China plummet 25 per cent to 13.1 million units in the three months through December, down from 17.5 million a year earlier, according to data released by research firm Canalys on Thursday. It narrowly edged out Chinese vendors Vivo

  • US FTC sues Deere over equipment repair restrictions

    (Reuters) -The U.S. Federal Trade Commission on Wednesday sued farm equipment maker Deere, alleging it illegally drives up repair costs by forcing farmers to rely on its authorized dealer network. The lawsuit argues Deere has unlawfully boosted profits by requiring farmers to use its network of authorized dealers for repairs, making it difficult for farmers to use independent mechanics or do repairs themselves, the FTC said in a press release. The outgoing Biden administration has targeted what it sees as anti-competitive practices in agriculture, ranging from improving the treatment of chicken farmers by meat processing companies to increasing competition in the seed sector.

  • Analysis-China's vast refining sector faces shakeout as fuel demand peaks

    Up to 10% of China's oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to wring out inefficiency begins to squeeze older and smaller plants. Tighter U.S. sanctions enforcement under the incoming Trump administration could send more plants into the red and accelerate shutdowns by halting access to cheap crude from the likes of Iran, industry players and analysts say. The world's second-largest refining industry has long been plagued by excess capacity after expanding to capitalise on three decades of rapid demand growth.

  • Retirement Planning: 9 Moves To Make If You’re Worried About Economic Downturns

    Whether you lived through the Great Depression or have been on the edge of your seat through the Great Recession, planning for retirement is challenging in any environment, but especially during times...

  • Justin Baldoni Claims in Lawsuit That Blake Lively Named “It Ends with Us” Afterparty Drink After Film's Abuser

    In Baldoni's lawsuit against Lively, filed on Jan. 16, he alleges that the actress named a drink after Ryle, the film's perpetrator of domestic abuse

  • I’m a Retirement Planner: 1 Money Move I Recommend to My High-Net Worth Clients That You Can Use, Too

    What sets high-net-worth individuals apart when planning for retirement? It's not fancy investments or exclusive strategies -- it's the way they rely on detailed, comprehensive financial plans....

  • Conor McGregor accused of sexual battery during NBA game in new civil lawsuit

    Conor McGregor is facing a new civil lawsuit in which a woman accuses the mixed martial arts fighter of sexual battery during a 2023 NBA Finals game in Miami.

  • China Is Ramping Up Grid Spending After Green Power Supply Boom

    (Bloomberg) -- After launching the biggest boom in renewable power in history, China is now paying-up to make sure all that clean energy can get to homes and businesses.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsSpe

  • In AI copyright case, Zuckerberg turns to YouTube for his defense

    Meta CEO Mark Zuckerberg appears to have used YouTube's battle to remove pirated content to defend his own company's use of a dataset containing copyrighted e-books, revealed in newly released snippets of a deposition he gave late last year. The deposition, which was part of a complaint submitted to the court by plaintiffs' attorneys, is related to the AI copyright case Kadrey v. Meta Platforms. For the most part, the defendants in these cases — AI companies — claim that training on copyrighted content is “fair use.”

  • Dutch government excludes most ASML sales to China from 'dual use' export data

    The Dutch government excludes billions of euros of sales by technology company ASML to China from disclosures on sensitive goods exports, it has told Reuters, following a policy decision that has not been previously reported. The move is of interest because disclosure of exports of "dual use" goods with potential military applications had previously been routine in the Netherlands, and experts who rely on public data to understand states' military capabilities, including parliament, may no longer have the full picture. Computer chip equipment maker ASML itself releases sales data for China - around $7 billion worth in the first nine months of 2024 - but it does not specify the type of machinery it sells by region.

  • Canadian farmers warn Bunge's Viterra takeover will reduce competition

    WINNIPEG, Manitoba (Reuters) -Farmers warn Canada's approval of U.S. grain trader Bunge's $34-billion takeover of Glencore-backed Viterra will reduce their options to sell crops at competitive prices, and say the government did not require enough concessions. Canada's approval with conditions on Tuesday was one of the final steps needed to close the largest-ever global agriculture merger by dollar value. Farmers in Canada, the world's top canola producer and No. 3 wheat grower, are struggling with years of drought and low commodity prices.

  • 3 Reliable Dividend Stocks Yielding Up To 5%

    In the midst of a choppy start to the year for global markets, characterized by inflation fears and political uncertainty impacting U.S. equities, investors are seeking stability in their portfolios. As interest rates remain high and economic data points to persistent inflationary pressures, dividend stocks can offer a reliable income stream amidst market volatility.

  • Codelco, Saudi in talks on copper investment, 2025 output seen up

    Chile's Codelco, the world's largest copper producer, is in talks with Saudi Arabia over potential joint investments in the metal, the company's chairman told Reuters in an interview on Friday. On Codelco's output, Chairman Maximo Pacheco said the company's own production for 2025 was expected to rise by about 70,000 metric tons to around 1.4 million tons. Pacheco said the state-owned company had been in discussions with Saudi Arabia as there was a clear need on both sides to add value.

  • Netherlands to expand export controls on semiconductor equipment

    The Dutch government on Wednesday said it would expand its export controls on advanced semiconductor equipment from April 1, which chip equipment company ASML said it did not expect to impact its business. Dutch national export licence requirements for semiconductor equipment were first introduced in 2023 under pressure from the U.S. to limit shipments to China, and they have since been expanded several times. The latest measures will require companies to seek export licences for a "very limited" number of technologies such as measuring and inspection equipment, the Dutch trade ministry said in a statement announcing the changes.

  • Texas Sues Allstate, Claims Insurer Illegally Collected Driver Data

    Arity, an Allstate subsidiary, is accused of using mobile phone apps to collect driver data, and hiking insurance rates as a result. Now, Texas is taking them to court.

  • Justin Baldoni sues Blake Lively and Ryan Reynolds for $400 million, alleging Hollywood power couple sought to ‘destroy’ him

    Justin Baldoni has sued Blake Lively and her husband Ryan Reynolds, alleging that the Hollywood couple sought to “destroy” him and his career, after hijacking his film, “It Ends With Us.”