By David Shepardson WASHINGTON (Reuters) -The union representing about 10,000 Southwest Airlines pilots told Reuters on Friday it supports an effort in Congress to extend an exemption from modern cockpit alerting requirements for the Boeing 737 MAX 7 and MAX 10 airplanes. Boeing faces a December deadline to win approval from the Federal Aviation Administration…
WASHINGTON (AP) — For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose. Yet for the Federal Reserve, the jobs figures highlight how little progress they’re making in their fight against inflation. With the Fed more likely…
By Stephen Nellis, Karen Freifeld and Alexandra Alper (Reuters) – The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment, vastly expanding its reach in its bid to slow Beijing’s technological and military advances….
Binance, the world’s largest cryptocurrency exchange, may have lost more than $100 million following a hack of its Binance Smart Chain blockchain network. A reddit post by Binance discussing the incident said that the company temporarily suspended transactions and the transfer of funds after detecting an exploit between two blockchains, a method of digital theft…
By Victoria Waldersee BERLIN (Reuters) – Chinese electric vehicle maker Nio will only lease its cars when it launches in four European markets this year, its CEO told Reuters on Friday, betting that flexibility will be a key selling point as drivers switch to the new technology. Users will be able to lease a car…
(Reuters) – Mathai Mammen, a former executive at drugmaker Johnson & Johnson, has emerged as a top candidate to head Biogen as chief executive officer, news website STAT reported on Friday, citing people familiar with the discussions. In May, Biogen announced that its chief Michel Vounatsos was stepping down amid the company pulling back on…
By Michel Rose, Andreas Rinke and Sabine Siebold PRAGUE (Reuters) – European Union leaders on Friday agreed to give more financial and military aid to Ukraine, but a day of talks in Prague’s ornate royal castle seemed to bring them no closer to deciding on whether or how to cap gas prices. Most of the…
MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador said Friday he has chosen the head of the country’s tax agency to fill the cabinet-level post of secretary of the economy. The designation of Raquel Buenrostro for the post comes one day after the emotional resignation of Tatiana Clouthier. Buenrostro, who has served for…
By Howard Schneider WASHINGTON (Reuters) -After a drop in job vacancies, a dip in rental costs and signs of growing consumer caution seemed to show the Federal Reserve’s strict monetary medicine beginning to kick in, a strong September jobs report has left policymakers still waiting for clear signs their efforts to cool the economy are…
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar strengthened against major currencies on Friday after U.S. data showing employers hired more workers than expected in September, suggesting the Federal Reserve will likely stick to its aggressive tightening policy for now. The dollar pared losses against the Japanese yen and was last flat, while…
