Reuters

(Reuters) - The United States and its allies must encourage mining projects in countries where Western corporations are reticent to do business to guarantee a reliable and sustainable global supply of the critical minerals needed to combat climate change, a senior White House official said on Monday.

In a stark warning, White House senior adviser for energy and investment, Amos Hochstein, said mineral resources in nations like the Democratic Republic... (continue reading...)

By Nick Carey

LONDON (Reuters) - British self-driving technology startup Wayve said on Tuesday it has raised $1.05 billion in a funding round led by SoftBank Group to accelerate the development and launch in production-model vehicles of its Embodied AI technology that can learn from and adapt to human behavior.

Nvidia also contributed in the Series C funding round as a new investor, as did existing investor Microsoft.

The... (continue reading...)

(Reuters) - British consumers kept a tight rein on their spending last month, according to surveys on Tuesday that showed tepid activity even after accounting for the timing of the Easter holidays.

Barclays said annual growth in consumer spending on its payment cards slowed to 1.6% in April, its weakest since February 2021, down from 1.9% in March and effectively a fall after adjusting for inflation.

Separately, the British Retail... (continue reading...)

CAIRO (Reuters) - Hamas sent on Monday to mediators its response to a truce proposal which could be described as positive, a spokesperson for Qatar's foreign ministry said early on Tuesday.

A Qatari delegation will head to Cairo on Tuesday to resume indirect negotiations between Israel and Hamas through the mediators, Majed Al-Ansari added in a statement.

Qatar, which alongside Egypt and the United States has played a mediation role in... (continue reading...)

(Reuters) - Microchip Technology forecast first-quarter net sales and profit below Wall Street estimates on Monday, signaling weak demand as customers continue to clear excess inventory, sending its shares down more than 4% in aftermarket trading.

Slowing electric vehicle sales at a time when customers are clearing excess inventory have weighed heavily on demand for chips in the automotive industry, hitting chipmakers such as Microchip Technology amid... (continue reading...)