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Yellen says $3 trillion needed annually for climate financing, far more than current level

Posted on July 28, 2024July 28, 2024 by Financial Edge Daily

By David Lawder BELEM, Brazil (Reuters) – U.S. Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion in new capital each year through…

Paris Olympics opening ceremony draws 28.6 million US viewers, most since 2012

Posted on July 28, 2024July 28, 2024 by Financial Edge Daily

By Sheila Dang PARIS (Reuters) – The opening ceremony for the Paris Olympics drew 28.6 million U.S. viewers, according to preliminary data from Comcast’s NBCUniversal on Saturday, which the company said was…

Kamala Harris campaign raises $200 million in a week

Posted on July 28, 2024July 28, 2024 by Financial Edge Daily

By Kanishka Singh WASHINGTON (Reuters) -U.S. Vice President Kamala Harris’s election campaign said on Sunday it has raised $200 million and signed up 170,000 new volunteers in the week since she became…

Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 billion

Posted on July 27, 2024 by Financial Edge Daily

(Reuters) – Nasdaq said on Friday private equity firm Thoma Bravo will sell 41.6 million shares in the exchange operator through a secondary public offering. Based on Nasdaq’s last close, the offering…

Australia signs $1.4 billion deal to upgrade navy submarines

Posted on July 27, 2024 by Financial Edge Daily

SYDNEY (Reuters) – Australia said on Saturday it had signed a A$2.2 billion ($1.4 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy’s Collins class submarines. The “sustainment contract”…

Exclusive-Walmart looks to bet $200 million on autonomous forklifts -sources

Posted on July 27, 2024 by Financial Edge Daily

By Siddharth Cavale and Jeffrey Dastin NEW YORK (Reuters) – Walmart has plans to potentially spend $200 million on self-driving forklifts as part of broader efforts to automate more warehouse operations, according…

Amazon under second investigation in Milan for tax evasion, sources say

Posted on July 27, 2024 by Financial Edge Daily

MILAN (Reuters) – An Italian unit of Amazon is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million…

Apple signs on to voluntary US scheme to manage AI risks, White House says

Posted on July 26, 2024July 26, 2024 by Financial Edge Daily

WASHINGTON (Reuters) – Apple Inc has signed U.S. President Joe Biden’s voluntary commitments governing artificial intelligence (AI), joining 15 other firms that have committed to ensuring that AI’s power is not used…

US FDA warns of dosing errors with compounded versions of Novo’s weight loss drugs

Posted on July 26, 2024July 26, 2024 by Financial Edge Daily

(Reuters) – The U.S. Food and Drug Administration on Friday warned patients and doctors about dosing errors associated with compounded versions of Novo Nordisk’s weight loss and diabetes drugs. The health regulator…

Chile’s Codelco says output falls 8% in first half of 2024

Posted on July 26, 2024July 26, 2024 by Financial Edge Daily

By Fabian Cambero and Natalia Siniawski SANTIAGO (Reuters) -Chile’s Codelco, the world’s largest copper producer, on Friday posted a 8.4% drop in output for the first half of 2024 compared with the…

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