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Day: April 17, 2024

Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
Business

Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say

April 17, 2024April 17, 2024

By Foo Yun Chee and Yuvraj Malik (Reuters) -EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI is not an acquisition, sources

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NY Fed sees more time needed to shrink central bank holdings
Economy

NY Fed sees more time needed to shrink central bank holdings

April 17, 2024April 17, 2024

By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s effort to contract its balance sheet will likely run into 2025 before the process

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Google lays off employees, shifts some roles abroad amid cost cuts
Business

Google lays off employees, shifts some roles abroad amid cost cuts

April 17, 2024April 17, 2024

(Reuters) – Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology

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Apple supplier Foxconn introduces rotating CEO role
Business

Apple supplier Foxconn introduces rotating CEO role

April 17, 2024April 17, 2024

TAIPEI (Reuters) – Taiwan’s Foxconn has this month started a rotating chief executive system in an overhaul of its management designed to nurture successors of

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