Reuters Cadence Design Systems will buy BETA CAE Systems International AG, which makes software for analyzing car and jet engine designs, for 1.24 billion in cash and stock, Cadence said on Tuesday. Californiabased Cadence, whose shares fell more than 3, will pay about 744 million in cash and the rest in stock. The company said it […]

Increase reflects rise in UK minimum wage Pay rise to cost Tesco over 300 mln stg LONDON, Reuters Tesco, Britain39;s biggest retailer, said on Tuesday it would raise store workers39; hourly pay by 9.1, in a move that reflects the increase in the governmentmandated minimum wage. The supermarket group, one of the country39;s largest private sector […]

March 6 Reuters Australia39;s fourthbiggest bank ANZ Group said on Wednesday it has agreed to sell around 546 million shares, or 16.5 interest, in Malaysian lender AMMB Holdings for about 2.10 billion ringgit 443.69 million. The sale of shares, made through a block trade, has been upsized to a 16.5 stake from 9 previously agreed, according to […]

March 5 Reuters Nordstrom forecast annual results largely below Wall Street expectations on Tuesday, signaling a slowerthanexpected rebound in demand even as consumers see some relief from easing inflationary pressures, sending shares down 10 after the bell. The company joins Macy39;s in signaling weak 2024 sales as retailers brace for another year where spending on nonessential items […]

SYDNEY, March 6 Reuters BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where they haven39;t faced trade barriers and sales have surged due to EV subsidies and tax benefits as well as high gasoline prices. Since coming to power in 2022, Prime Minister Anthony Albanese39;s government has […]

March 5 Reuters Singapore39;s Temasek Holdings is in discussions to invest in Microsoftbacked artificial intelligence company OpenAI, the Financial Times reported on Tuesday, citing two people familiar with the matter. Senior executives at Singapore39;s state investment firm have met ChatGPT maker39;s CEO, Sam Altman, multiple times in recent months, the report added. OpenAI did not immediately […]

JERUSALEM, March 5 Reuters Israeli venture capital fund OurCrowd said on Tuesday its new artificial intelligence AI fund was collaborating with Nvidia to fast track some of its AI startups into the Nvidia Inception programme. Inception helps startups evolve faster through cuttingedge technology, connecting with venture capitalists, and having access to the latest technical resources and […]