Reuters exclusively reported that Arm Holdings aims to gain more than 50% of the Windows PC market in five years as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British chip designer’s technology.
Business
Arm aims to capture 50% of PC market in five years, CEO says
Technology
03 June 2024, 8:32 pm 1 minute
Market Impact
Demand for use of Arm’s technology in personal computers got a boost after Microsoft unveiled ambitious plans last month to launch a new breed of PCs with artificial intelligence features to compete with Alphabet and Apple.
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Technology
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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Deals
08 February 2023, 7:21 pm 1 minute
| Reuters reported that Britain placed another hurdle in the way of Microsoft’s $69-billion mega purchase of “Call of Duty” maker, Activision Blizzard, saying it could harm gamers by weakening the rivalry between Xbox and Sony’s PlayStation. |
Market Impact
The biggest-ever deal in gaming could result in higher prices, fewer choices, and less innovation for millions of players, as well as stifling competition in cloud gaming. Shares in Activision were down 3% in early trading in New York. Microsoft, which announced an AI-driven revamp of its search capabilities on Tuesday, was up 2.4%.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: EuropeNorth America
Countries: EnglandUnited States
Win Types: Overall Coverage
Story Types: Spot News
Media Types: Text
Customer Impact: Major Global Story
Business & Finance
24 July 2024, 9:31 am 1 minute
Reuters exclusively reported that Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year. Lineage priced just under 57 million shares in New York at $78 apiece, the upper end of its indicated range of $70 to $82.
Market Impact
The $4.45 billion IPO values Lineage at more than $18 billion and is the biggest since chip designer Arm’s $4.87 billion offering last September.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Deals
24 May 2024, 2:27 pm 1 minute
Reuters exclusively reported that U.S. investment firm KKR was set to secure unconditional EU antitrust approval for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The story was later confirmed by the European Commission. The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid.
Market Impact
The deal is significant as it marks the first time that a former phone monopoly in a major European country is divesting its landline grid.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Telecommunications
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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Sir Keir Starmer will warn that difficult times lie ahead for the UK as he tries to tackle an array of deep-seated challenges facing his government, but will insist that tough decisions taken now will lead to “national renewal”.
He will say on Tuesday there are “no easy answers” and “no false hope” as he issues a stern message in his first speech as UK prime minister to the annual Labour party conference in Liverpool.
Starmer will describe a country in which there are “decimated public services leaving communities held together by little more than goodwill”.
But he will argue that despite tight public finances his government can deliver a brighter future and “open the door to national renewal”, enabling the rebuilding of Britain.
Starmer has enjoyed only a brief honeymoon as the UK’s first Labour prime minister since 2010 and now faces falling poll ratings and infighting within his administration.
Last week saw damaging revelations about donations of clothing worth thousands of pounds made to Starmer, his wife, deputy leader Angela Rayner and chancellor Rachel Reeves during a cost of living crisis.
Starmer will try to reassure delegates in Liverpool — and the wider public — that the government is already taking steps to change the country.
He will cite planning reforms, settling the doctors’ strike, new solar projects, new offshore wind farms, an end to one-word Ofsted judgments, a ban on MPs’ second jobs, a new “border security command”, a ban on no-fault evictions and legislation to nationalise the railways. “And we’re only just getting started,” he will say.
The Labour leadership is drawing up a Budget and spending review next month, which are likely to include tax rises and continuing constraints on public spending given the country’s high levels of debt.
Starmer will say that ministers will have to rely on innovative reforms rather than turning on the spending taps.
“I have to warn you, working people do want more decisive government. They do want us to rebuild our public services and they do want that to lead to more control in their lives. But their pockets are not deep — not at all,” he will caution. “So we have to be a great reforming government.”
The Labour leadership has been walking a tightrope between warning that public finances are eye-wateringly tight while also offering a glimmer of hope for the future.
Ministers have claimed to have found a fiscal “black hole” of about £22bn that needs to be plugged — leading to predictions of tax rises and spending cuts.
“The politics of national renewal are collective. They involve a shared struggle. A project that says, to everyone, this will be tough in the short term, but in the long term, it’s the right thing to do for our country. And we all benefit from that,” Starmer will say.
Labour delegates will on Wednesday vote on a motion calling for the government to reverse its cuts to the winter fuel allowance, an issue that has prompted criticism from unions, charities and many of the party’s own MPs.
The prime minister will repeat his five priorities of higher economic growth, a better NHS, stronger borders, more opportunities for children and clean energy from low-carbon sources.
He will also touch on how he dragged the Labour party towards the political centre ground from its previous, more left-wing incarnation under former leader Jeremy Corbyn.
“I changed the Labour party to restore it to the service of working people. And that is exactly what we will do for Britain. But I will not do it with easy answers. I will not do it with false hope,” he will say.
Business & Finance
17 September 2023, 6:08 pm 1 minute
Reuters was ahead in reporting that Bank of Montreal (BMO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result unspecified number of job losses, Canada’s third largest bank.
Market Impact
The move, applicable in Canada and the United States, comes after BMO’s bad debt provisions in retail trade surged to C$81 million ($60 million) in the quarter ended July 31 compared with a recovery of C$9 million a year ago, in a sign of growing stress consumers face from a rapid rise in borrowing costs.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceFinancial Services
Regions: AmericasNorth America
Countries: Canada
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Business & Finance
09 August 2024, 10:57 pm 1 minute
Reuters exclusively reported that China’s securities regulator has ordered some brokerages to inspect their bond trading activities as authorities seek to rein in frenzied buying of Chinese government bonds. The brokerages, all of which are domestic, have been told to conduct compliance checks on all parts of their bond trading operations.
Market Impact
A wobbly Chinese economy, long hobbled by a protracted property crisis, has sent investors scurrying away from the volatile stock market while banks have also continued to cut deposit rates. That’s sent investors – from large banks and insurers to mutual funds to rural financial institutions – pouring into the bond market.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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