Author Archives: Syndicated Content
Nvidia-backed startup Fireworks valued at $17.5 billion in latest funding
July 16 (Reuters) - Nvidia-backed AI infrastructure startup Fireworks said on Thursday it raised $1.51 billion at a $17.5 billion valuation to expand its engineering team and global compute capacity. ...
Jul 16, 2026
Explainer-The serious health risks posed by wildfire smoke
By Nancy Lapid July 16 (Reuters) - Massive wildfires are raging around the world during unprecedented heatwaves, blanketing millions of people under pungent haze caused by smoke carrying noxious gases...
Jul 16, 2026
At least one dead, 100 injured in crush at Indian chariot festival
By Jatindra Dash BHUBANESWAR, India, July 16 (Reuters) - At least one person died and nearly 100 were taken to hospital on Thursday in a crush at a popular chariot festival in Puri in eastern India, o...
Jul 16, 2026
Armenia seizes company from opposition leader charged with fraud
By Lucy Papachristou July 16 (Reuters) - Armenia has seized control of a cement company owned by an arrested opposition leader, state media said on Thursday, as critics accuse Prime Minister Nikol Pas...
Jul 16, 2026
Twenty-nine countries sign agreement to establish global AI cooperation body
BEIJING, July 16 (Reuters) - Twenty-nine countries on Thursday signed an agreement to establish the World AI Cooperation Organization, an intergovernmental body China says aims to promote internationa...
Jul 16, 2026
US business inventories increase moderately in May as sales accelerate
WASHINGTON, July 16 (Reuters) - U.S. business inventories increased moderately in May amid continued strength in sales, pushing the inventories-to-sales ratio to the lowest level since late 2021. Inve...
Jul 16, 2026
Ousted defence minister lays bare rift at heart of Ukraine's war effort
By Max Hunder and Tom Balmforth KYIV/LONDON, July 16 (Reuters) - An extraordinary outburst by outgoing Defence Minister Mykhailo Fedorov laid bare a rift at the heart of Ukraine's war effort on Thursd...
Jul 16, 2026
Short sellers notch $8.7 billion profit as SpaceX shares dip to IPO price
By Saqib Iqbal Ahmed NEW YORK, July 16 (Reuters) - Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering...
Jul 16, 2026
Analysis-Pakistan worries about being drawn into US-Iran conflict after Houthis attack Saudi Arabia
By Rick Noack, Mubasher Bukhari and Asif Shahzad ISLAMABAD, July 16 (Reuters) - Attacks on Saudi Arabia by Yemen's Iran-aligned Houthis this week have frustrated Pakistan and threaten to draw Islamaba...
Jul 16, 2026
US pending home sales slump in June amid affordability challenges
WASHINGTON, July 16 (Reuters) - Contracts to purchase previously owned U.S. homes fell more than expected in June as higher mortgages and house prices pushed prospective buyers to the sidelines. The p...
Jul 16, 2026
