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Nigeria gunmen kill 50 in raid on northwest village, residents say Jun 10, 2024 07:26AM

By Ahmed Kingimi

ABUJA (Reuters) - At least 50 people were killed and an unspecified number kidnapped, including women and children, when gunmen attacked the village of Yargoje in northwest Nigeria at the weekend, residents said on Monday.

A year after President Bola Tinubu came to power promising to end widespread insecurity, attacks in the northwest by armed gangs, often referred to as bandits, have become almost routine, with... (continue reading...)


Analysis-Arm, Qualcomm legal battle seen disrupting AI-powered PC wave Jun 10, 2024 07:23AM

By Max A. Cherney

TAIPEI (Reuters) - A two-year legal battle pitting two tech titans threatens to disrupt an emerging wave of new personal computers powered by artificial intelligence, tech industry executives and experts say.

A parade of executives from Microsoft, Asus, Acer and others joined Qualcomm CEO Cristiano Amon on stage last week at the annual Computex trade show in Taipei to pitch a new generation of AI-powered PCs.

... (continue reading...)
Southwest Airlines jumps after report of Elliott's $2 billion stake Jun 10, 2024 07:18AM

(Reuters) - Southwest Airlines' shares rose about 7% in premarket trade on Monday after the Wall Street Journal reported that activist investor Elliott Investment Management had built a nearly $2 billion stake in the U.S. carrier.

According to the Journal's report on Sunday, Elliott is one of Southwest's largest investors and plans to push for changes aimed at reversing the airline's underperformance.

Southwest and Elliott did not... (continue reading...)


Sterling hits 22-month high against bruised euro Jun 10, 2024 07:17AM

LONDON (Reuters) - The pound hit its highest in nearly two years against the euro on Monday, though it dropped against the dollar, as the common currency tumbled after French President Emmanuel Macron called a snap election after being trounced in an EU vote by the far right.

The euro dropped to as low as 84.53 pence, its lowest since August 2022, breaking out of its recent range against the pound, and also falling against the dollar along with... (continue reading...)


Bitfarms to adopt 'poison pill' amid Riot takeover attempt Jun 10, 2024 07:13AM

(Reuters) - Bitcoin miner Bitfarms said on Monday it had approved the adoption of a "poison pill" to fend off a potential hostile takeover attempt by rival Riot Platforms.

The move comes days after Riot Platforms disclosed it had built a 12% stake in Bitfarms as it pursues a takeover attempt. Riot had offered to buy Bitfarms for about $950 million last month.

Bitfarms said the shareholder rights plan aimed to preserve the integrity of... (continue reading...)


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