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By David Lawder and Andrea Shalal WASHINGTON, May 14 (Reuters) – The International Monetary Fund said on Thursday that it welcomes the initial positive dialogue between U.S. President Donald Trump and Chinese President Xi Jinping, adding that reducing tension and uncertainty between the world’s two largest economies was good for the world. “It’s very important, of course, that the world’s two largest economies are engaging at the highest level,” IMF […]

May 14 (Reuters) – Cerebras Systems’ shares jumped 89% above the initial public offering price in their U.S. market debut on Thursday, giving the chip designer a valuation of $106.75 billion on a fully diluted basis. (Reporting by Utkarsh Shetti in Bengaluru; Editing by Anil D’Silva) Brought to you by www.srnnews.com

ROME, May 14 (Reuters) – EdgeConneX plans to invest around 3 billion euros ($3.5 billion) to build three data centres in Italy, Prime Minister Giorgia Meloni’s office said on Thursday. The plants will be located in Lombardy, northern Italy, the office said in a statement. Earlier on Thursday, Industry Minister Adolfo Urso talked about an investment worth 6 billion euros. “The total investment amounts to around 3 billion euros,” Meloni’s […]

EDMONTON, Alberta (AP) — The Edmonton Oilers fired coach Kris Knoblauch on Thursday, dismissing him after a first-round exit followed him guiding the team to consecutive trips to the Stanley Cup Final. Knoblauch coached the Oilers to the playoffs three times since taking over as a midseason replacement when Jay Woodcroft was fired following a bad start in November 2023. They won 166 of their 286 total games behind the […]

President Donald Trump is stopping offshore wind projects in the United States, just as the industry was poised to grow significantly. Offshore wind energy has the potential to deliver large amounts of clean energy along U.S. coastlines. Three offshore wind farms are open in the United States and three more have begun delivering power as they finish construction or final testing before fully opening. There are more than 40 federal […]

NEW YORK (AP) — Many companies ended remote work arrangements that began during the coronavirus pandemic despite resistance from employees who grew accustomed to working from home. Dropbox has no plans to return its workers to offices. After adopting a “virtual-first” staffing model in 2020, the San Francisco technology company met all of its financial goals and remains committed to making remote work the norm for the vast majority of […]

CAIRO (AP) — More than 40% of the population in war-torn Sudan are facing high levels of acute food insecurity through May as the conflict enters its fourth year, a global hunger monitoring group said Thursday. The Integrated Food Security Phase Classification, or IPC, said in a new assessment that of the nearly 19.5 million people facing this level of food insecurity, 135,000 people were in Phase 5, which is […]

HONG KONG (AP) — China on Thursday stepped up its tough stance on Taiwan, an island democracy it deems its territory, warning the United States that Beijing and Washington will “have clashes and even conflicts” if the issue is not handled properly. China’s President Xi Jinping stressed during his summit with U.S. President Donald Trump that the “ Taiwan question ” is the most important issue in ties between Beijing […]

NEW YORK (AP) — Harvey Weinstein returned to court and jurors resumed deliberating in his rape retrial Thursday, a day after the former movie tycoon reported chest pains while in the courthouse. Weinstein, who’s 74 and has a history of heart trouble and other health woes, looked pale but alert as he was brought into court in the wheelchair he has used for years. He said he felt “good, fine.” […]