Category: Reuters
-
US FDIC needs ‘fresh start’ with new chair, White House official says By Reuters
•
Written by Nandita Bose, Pete Schroeder, and Douglas Jellison WASHINGTON (Reuters) – The White House believes the U.S. Federal Deposit Insurance Corporation needs a “fresh start” with a new president who is not part of the leadership that has overseen its long-standing cultural problems, a White House official told Reuters…
-
Israel confiscates AP camera equipment over live feed to Al Jazeera By Reuters
•
JERUSALEM (Reuters) – Israeli authorities confiscated AP photography equipment on Tuesday, saying the agency was violating the law by providing live broadcasts to Al Jazeera TV, the Associated Press and Israel’s Communications Ministry said. The law, passed in April, allows the government to order foreign broadcast stations to temporarily cease…
-
US dollar dips vs yen after Fed’s Waller rules out rate hikes again By Reuters
•
By Gertrude Chavez-Dreyfus and Stefano Ribaudo NEW YORK/MILAN (Reuters) – The U.S. dollar fell against the yen on Tuesday in a volatile session after Federal Reserve Governor Christopher Waller reiterated that raising interest rates is unlikely at this stage because inflation appears to be on track to meet the central…
-
Disney’s Pixar Animation to lay off about 14% of workforce By Reuters
•
By Don Chmielewski (Reuters) – Pixar Animation Studios, which produced classic films such as Toy Story and Up, began laying off about 14% of its workforce on Tuesday as development of the original broadcast series is scaled back, according to a source familiar with the development. Approximately 175 people will…
-
Britain proposes obligations on Mastercard and Visa to increase competition By Reuters
•
LONDON (Reuters) – There is no effective competition in core credit card services where Visa (NYSE:) and MasterCard (NYSE:) are the biggest players, and there is a need for more transparency for users, the British Payment Systems Regulatory Authority said in an interim report. Tuesday. “PSR found that over the…
-
Australia’s Telstra to axe up to 2,800 jobs by year-end to cut costs By Reuters
•
(Reuters) – Australian telecommunications company Telstra (OTC:) said on Tuesday it would cut up to 2,800 jobs from its direct workforce by the end of this year, as part of its proposed measures to streamline operations and cut costs. Telstra said consultations on 377 of these roles would begin immediately,…
-
Scarlett Johansson says OpenAI chatbot voice ‘eerily similar’ to hers By Reuters
•
Written by Dawn Chmielowski and Anna Tong Scarlett Johansson on Monday accused OpenAI of creating a voice for the ChatGPT system that sounded “eerily similar” to the actress after she refused to voice the chatbot herself. Johansson made the comments in a statement issued hours after the artificial intelligence company…
-
Dominican Republic’s president-elect Abinader takes tough stand on graft, Haiti By Reuters
•
Written by Dave Sherwood (Reuters) – Dominican Republic President Luis Abinader, who is preparing for a second term after winning 58.85 percent in the elections that took place on Sunday, inherited a nightmare scenario when he took office as president for the first time in August 2020. During the COVID-19…
-
Microsoft highlights ‘Copilot+’ PCs ahead of developer conference By Reuters
•
Written by Max A. Cherny SEATTLE (Reuters) – Microsoft said on Monday it will introduce a new class of personal computers capable of handling more artificial intelligence tasks without the need for cloud data centers. At the event at its campus in Redmond, Washington, CEO Satya Nadella introduced what he…
-
Dollar firm as investors await Fed guidance By Reuters
•
Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar rose against the euro on Monday, as investors awaited more clues to help them determine the course of U.S. interest rates, following cautious statements from Federal Reserve officials (the U.S. central bank) even as signs of a slowdown in…
-
Drone startup Neros raises funding from Sequoia, eyes supplies to Ukraine, US military By Reuters
•
By Crystal Ho (Reuters) – Niros, a self-driving drone startup founded about a year ago, said it has raised $10.9 million in a seed round from Sequoia Capital to build a new factory and manufacture more drones for sale to Ukraine. Niros joins a string of US drone companies trying…
-
Exclusive-Tesla doing damage-control, discounts for European fleet buyers By Reuters
•
Written by Nick Carey and Mary Manns LONDON (Reuters) – Tesla Inc (NASDAQ:) is appeasing some European leasing companies after the automaker’s repeated cuts in retail prices reduced the value of its fleets and slow service and expensive repairs alienated its corporate customers. The efforts include informal discounts on new…
-
Exclusive-Tesla doing damage-control, discounts for European fleet buyers By Reuters
•
Written by Nick Carey and Mary Manns LONDON (Reuters) – Tesla Inc (NASDAQ:) is appeasing some European leasing companies after the automaker’s repeated cuts in retail prices reduced the value of its fleets and slow service and expensive repairs alienated its corporate customers. The efforts include informal discounts on new…
-
Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports By Reuters
•
(Reuters) – Activist investor Elliott Investment Management has built a position worth more than $1 billion Johnson Controls (NYSE:) International Plc, Bloomberg News reported on Sunday. The Bloomberg report also said that Elliott’s intentions behind the stake in the building solutions provider could not be immediately known. Elliott & Johnson…
-
Japan and ASEAN plan joint strategy on auto production, Nikkei reports By Reuters
•
(Reuters) – Japan and the Association of Southeast Asian Nations (ASEAN) plan to develop their first joint strategy on automobile production and sales within the Southeast Asian bloc to counter China’s growing presence in the electric vehicle market, a newspaper reported on Monday. The goal is to develop an interim…
-
Dollar set for weekly drop on US slowdown signs By Reuters
•
Written by Tom Westbrook SINGAPORE (Reuters) – The dollar headed for its biggest weekly decline against the euro in two-and-a-half months on Friday as signs of slowing inflation and a slowing U.S. economy raised the prospect of an interest rate cut. The euro rose 0.9% against the dollar this week,…
-
Hedge funds play a weak Japanese yen By Reuters
•
Written by Neil McKenzie LONDON (Reuters) – Pressure on Japan to support a weak yen may have eased, but the currency’s weakness remains a headache for Tokyo. The yen has fallen 9.4% against the dollar so far this year, and appears poised for a fourth year of declines. This has…
-
Weaker loonie may not deter Bank of Canada diverging from the Fed By Reuters
•
By Fergal Smith TORONTO (Reuters) – The Bank of Canada would be willing to cut interest rates three times before the Federal Reserve’s first move before a currency decline threatens to jeopardize inflation expectations, the average estimate of seven analysts in an informal poll showed. The weakness of the Canadian…
-
Saudi crown prince, US national security adviser meet on Gaza, bilateral ties By Reuters
•
CAIRO (Reuters) – Saudi Crown Prince Mohammed bin Salman and White House National Security Advisor Jake Sullivan met to discuss the Israeli war in Gaza and seek to complete a broad bilateral agreement, the Saudi Press Agency reported on Sunday. A statement issued by the ministry said that the meeting…
-
Venezuela opposition candidate says he will guarantee political freedom By Reuters
•
Written by Vivian Sekera LA VICTORIA, Venezuela (Reuters) – Venezuelan opposition candidate Edmundo Gonzalez said on Saturday he would guarantee freedom of action for all political parties if he ousted President Nicolas Maduro in elections scheduled for July, and urged the military to support the country’s institutions as the president…