MEXICO CITY (Reuters) – A dispute panel under a regional trade pact has sided with Mexico and Canada against the United States in a disagreement over regional content requirements for the auto sector, Mexico’s presidency said on Friday in a tweet that was later deleted. “The decision could generate more incentives to generate auto parts…
By Mehnaz Yasmin and Kanishka Singh WASHINGTON (Reuters) -FTX’s Sam Bankman-Fried is set to testify before the U.S. House Committee on Financial Services on Dec. 13, the cryptocurrency exchange’s founder and the congressional panel said on Friday, as regulators investigate his role in the wake of its collapse. A day earlier, the committee’s chair, Maxine…
By Mimosa Spencer and Dominique Vidalon PARIS (Reuters) -Antoine Arnault, LVMH chairman Bernard Arnault’s eldest son, was on Friday named chief executive of family holding company Christian Dior SE, replacing veteran executive Sidney Toledano and stirring speculations of succession at the group. Christian Dior is a listed company that owns the bulk of the Arnault…
(Reuters) – Cryptocurrency exchange FTX secretly funded media company the Block for over a year with money sent to the Block’s chief executive, Axios reported on Friday, citing sources. The Block’s employees were previously unaware of the payments, according to the report. FTX did not immediately respond to a Reuters request for comment, while FTX’s…
By Arathy Somasekhar HOUSTON (Reuters) -An outage on the largest oil pipeline to the United States from Canada could affect inventories at a key U.S. storage hub and cut crude supplies to two oil-refining centers, analysts and traders said on Friday. TC Energy’s Keystone pipeline ferries about 600,000 barrels of Canadian crude per day (bpd)…
FORT WORTH, Texas (AP) — American Airlines and JetBlue Airways are pushing ahead with an expansion of their partnership in the Northeast, even as a federal judge considers the government’s attempt to kill the deal. The airlines said Friday that American will add six new routes from New York City while dropping one. JetBlue will…
DETROIT (AP) — U.S. safety regulators and Honda Motor Co. are urging drivers once again to make sure their vehicles haven’t been recalled after another person was killed by an exploding Takata air bag. The National Highway Traffic Safety Administration said Friday that the person was killed in a crash involving a 2002 Honda Accord…
WASHINGTON (AP) — The World Trade Organization has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules. Trump’s tariffs of 25% on foreign steel and 10% on aluminum outraged America’s long-standing allies, including the European Union and Japan, because he relied on a…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is set to face a setback in its $61 billion bid for cloud computing company VMware with EU antitrust regulators poised to open a full-scale investigation into the deal, people familiar with the matter said. The proposed acquisition, the second biggest globally so far this…
By Vladimir Soldatkin and Guy Faulconbridge MOSCOW (Reuters) -Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any country that imposes the West’s “stupid” price cap on Russian oil, President Vladimir Putin said on Friday. The Group of Seven major powers, the European Union and Australia…
