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June 16 (Reuters) – Chinese AI startup DeepSeek has raised more than 50 billion yuan ($7.40 billion) at a valuation exceeding $50 billion in its first funding round, using a structure designed to preserve founder control, the Information reported on Tuesday. The funding required investors to put their capital into a limited partnership managed by DeepSeek CEO Liang Wenfeng rather than into DeepSeek itself, the report said. Reuters could not […]

TOKYO (AP) — The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices. The central bank’s increase in the uncollateralized overnight rate, by a quarter of a percentage point from 0.75%, puts it at a three-decade high. The central bank has been trying to normalize monetary policy lately after decades of keeping interest rates near or […]

PALU, Indonesia (AP) — A 6.7 magnitude earthquake shook part of Indonesia’s Sulawesi island Tuesday and was followed by strong aftershocks. The initial temblor caused strong shaking lasting more than a minute around Palu, a city of about 400,000 people and the capital of Central Sulawesi province. Scattered damage was reported, and several hospitals evacuated patients, some with IV drips, outside as a safety measure. No information on casualties was […]

TOKYO (AP) — Asian shares mostly gained and Japan’s benchmark Nikkei 225 briefly topped 70,000 for the first time Tuesday before trimming early gains after the Bank of Japan raised its key interest rate to 1%. The quarter percentage point hike took the benchmark rate to its highest level in three decades. By early afternoon, the Nikkei 225 was up 0.6% at 69,713.05, while South Korea’s Kospi moved further into […]

By Maria Rugamer and Joanna Plucinska BERLIN, June 16 (Reuters) – Centre stage at last week’s Berlin airshow was the “wingman” drone, Europe’s latest-generation defence weapon designed to accompany fighter jets. As the war in Ukraine in particular has underscored the growing importance of drones and electronic warfare, European and U.S. defence forces are rapidly developing their own AI-powered drones to complement their fighter jets and carry extra sensors, jammers […]

By Joe Brock and Ed White INGLEWOOD, California, June 15 (Reuters) – Iran coach Amir Ghalenoei said on Monday his team were being “oppressed” due to last-minute travel changes stemming from tensions between Iran and the U.S., adding the disruption had affected their performance after a 2‑2 draw with New Zealand. The Iranian football federation had negotiated a late move of the team’s base camp from Arizona to Mexico amid […]

SINGAPORE, June 16 (Reuters) – Scientists have identified nearly 166,000 sq km (64,000 sq miles) of coral reefs that are capable of surviving and recovering from climate change, three times more than previously estimated, research showed on Tuesday. The world’s coral reefs, which sustain a quarter of all marine life, have come under severe stress as a result of violent tropical storms, pollution and mass “bleaching” events caused by soaring […]

BEIJING, June 16 (Reuters) – Novo Nordisk plans to seek Chinese regulatory approval for its weight-loss pill “very soon,” CEO Mike Doustdar said Tuesday, in a move to catch up with rival Eli Lilly in the world’s second-largest pharmaceutical market. (Reporting by Andrew Silver; Editing by Christopher Cushing) Brought to you by www.srnnews.com

MLB roundup: Monday Dustin May threw a one-hit shutout on Monday to help the St. Louis Cardinals earn a 3-0 victory over the visiting San Diego Padres. May (5-6) threw six perfect innings before Fernando Tatis Jr. walked in the seventh. The St. Louis starter struck out nine and walked one in the first complete game of his career. May also improved to 2-0 with a 1.31 ERA in three […]