(Reuters) -French semiconductor materials supplier Soitec reported a 16% drop at constant exchange rates in its first-quarter sales, due to high customer inventory and a weak automotive market.
The company posted quarterly revenue of 92 million euros($108 million), down from 121 million euros a year earlier but in line with analysts' average forecast of 93 million euros, according to a company-provided poll.
"The correction of... inventories... (continue reading...)
WASHINGTON (Reuters) -U.S. Syria envoy Tom Barrack will lead a meeting with senior officials from Israel and Syria on Thursday, Axios reported on Tuesday citing unnamed sources.
It is unclear where the meeting will take place, but it is expected to focus on security arrangements in southern Syria and increasing coordination and communication, according to Axios.
(Reporting by Bhargav Acharya and Susan Heavey)
By Sergio Goncalves
LISBON (Reuters) -Portugal joined other Western countries in expressing a positive view of Morocco's autonomy proposal for the disputed Western Sahara region, after Portuguese Foreign Minister Paulo Rangel said on Tuesday the plan had a "serious and credible basis".
The dispute, dating back to 1975, pits Morocco - which claims sovereignty over Western Sahara - against the Algeria-backed Polisario Front, which seeks an... (continue reading...)
(Reuters) -Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.
Valor Equity Partners, an investment firm whose founder, Antonio Gracias, has close ties to Musk, is in talks with lenders to raise the capital, according to the report.
The money would be used to buy a massive... (continue reading...)
WASHINGTON (Reuters) -President Donald Trump on Tuesday went on the attack against former President Barack Obama, over Russia and the 2016 election after his intelligence chief alleged a “treasonous conspiracy” committed by Obama and his officials.
Trump, asked in the Oval Office about the Jeffrey Epstein case, quickly pivoted into an attack on Obama, Democrat Hillary Clinton and a probe into whether Russia interfered with the 2016 election.
... (continue reading...)More Reuters
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