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CoreWeave raises $7.5 billion debt from Blackstone, others May 17, 2024 08:03AM

(Reuters) - Specialized cloud services provider CoreWeave is raising $7.5 billion in debt from financiers led by Blackstone and Magnetar to expand its infrastructure to meet rising artificial intelligence (AI) workloads, it said on Friday.

The deal is one of the largest debt financing rounds for a startup and adds firepower to CoreWeave's balance sheet as it looks to expand its cloud computing services to more customers.

The Nvidia-backed... (continue reading...)


Zelenskiy signs law allowing some convicts to serve in Ukraine's army May 17, 2024 07:59AM

(Reuters) - Ukrainian President Volodymyr Zelenskiy signed a law allowing some categories of convicts to serve in the army, parliament's database showed on Friday.

A separate law enhancing fines for those not abiding by army mobilization rules was signed as well, its entry on the parliament's website showed.

(Reporting by Yuliia Dysa; editing by Christina Fincher)


Rescue efforts halted after South African building collapse where 33 died May 17, 2024 07:54AM

JOHANNESBURG (Reuters) - Officials in the South African city of George halted the search for survivors and more bodies on Friday at the site of a collapsed building where 33 people died.

Rescue personnel and volunteers have been combing through the rubble for 11 days, after the five-storey residential building under construction in the city east of Cape Town crumbled, leaving a cloud of dust in its wake.

The Western Cape government said... (continue reading...)


Spain to recognise Palestinian state together with other countries May 17, 2024 07:53AM

MADRID (Reuters) - Spanish Prime Minister Pedro Sanchez said on Friday that Madrid would only recognise a Palestinian state in a joint action with other countries.

In an interview with TV channel La Sexta, Sanchez also denied reports that the recognition would occur on May 21.

(Reporting by Inti Landauro; Writing by David Latona; Editing by Andrei Khalip)


Turkey opposition chief cool to constitution talks with Erdogan May 17, 2024 07:50AM

By Huseyin Hayatsever and Birsen Altayli

ANKARA (Reuters) - Turkey's main opposition leader, boosted by sweeping local election gains in March, said he is "far off" opening talks with Tayyip Erdogan's ruling party over a new constitution since the president doesn't abide by the existing one.

In an interview with Reuters, Ozgur Ozel, who was elected chairman of the Republican People's Party (CHP) last November, also called on the... (continue reading...)


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