BEIJING, Aug 1 (Reuters) - Nvidia ( NVDA ) must produce convincing security proofs to eliminate Chinese users' worries over security risks in its chips and regain market trust, a commentary published China's state-run media People's Daily said on Friday. Foreign companies must comply with Chinese laws and take security to be a basic prerequisite, the commentary said. In a...

06:45 AM EDT, 08/01/2025 (MT Newswires) -- Goldman Sachs ( GS ) is looking to acquire a stake in Nestle's Froneri ice cream joint venture at a valuation of 15 billion euros ($17.12 billion), including debt, the Financial Times reported Friday, citing people familiar with the matter. The Swiss consumer goods giant holds the joint venture alongside private equity firm...

06:49 AM EDT, 08/01/2025 (MT Newswires) -- EchoStar ( SATS ) reported Q2 loss Friday of $1.06 per diluted share, widening from $0.76 a year earlier. Analysts surveyed by FactSet expected loss of $1.04. Revenue for the quarter ended June 30 was $3.72 billion, down from $3.95 billion a year earlier. Analysts surveyed by FactSet expected $3.83 billion. EchoStar (...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...