By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) on Monday issued the airworthiness criteria that Archer Aviation will need to meet for its M001 air taxi to be certified for use. The FAA released the criteria for public comment of Archer’s electric vertical takeoff and landing (eVTOL) aircraft. The release comes after the…
(Reuters) -Honeywell International Inc. on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil. The U.S. Justice Department and Securities and Exchange Commission (SEC) commission each announced the resolution to parallel investigations relating to bribes that Honeywell paid between 2010 and…
By Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stock indexes fell on Monday, led by shares of Tesla and other megapcap companies, as investors feared that the Federal Reserve’s monetary policy tightening campaign could push the U.S. economy into a recession. The main U.S. benchmarks have sold off sharply in December, putting them…
By Kate Abnett and Jan Lopatka BRUSSELS (Reuters) – European Union nations’ energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU’s latest attempt to lower high…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators confirmed a fifth Takata air bag inflator crash death in 2022 and reiterated urgent calls for owners to get repairs. Chrysler-parent Stellantis and the National Highway Traffic Safety Administration said they had confirmed a third Takata air bag inflator death. Over the last decade, more than…
By Nivedita Balu (Reuters) -Twitter users voted in a poll for Elon Musk to step down as chief executive of the social media platform, in a backlash against the billionaire less than two months after he took over. About 57.5% votes were for “Yes”, while 42.5% were against the idea of Musk stepping down as…
(Reuters) -Crypto firm Voyager Digital Ltd said on Monday it will sell its assets to Binance.US in a deal valued at about $1 billion following a review. Palo Alto, California-based Binance.US, which operates as an independent legal entity and has a licensing agreement with Binance.com, will make a $10 million deposit and reimburse Voyager for…
By Tom Wilson, Angus Berwick and Elizabeth Howcroft LONDON (Reuters) – The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. The exchange said it dealt with net outflows of around $6 billion over 72 hours…
By Rachael Levy, Sarah N. Lynch and Marisa Taylor (Reuters) – Law enforcement officials investigating Elon Musk’s Neuralink Corp over its animal trial program are also scrutinizing the U.S. Department of Agriculture’s oversight of the company’s operations, after the agency failed to act on violations at other research organizations, according to several people familiar with…
By Alex Lawler LONDON (Reuters) -Oil prices rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, the world’s top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed…
