By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service has suspended information exchanges with Russia’s tax authorities in a bid to hamper Moscow’s tax collections and reduce funds available for its invasion of Ukraine, the Treasury Department told Reuters on Tuesday. Under a 30-year-old tax treaty, the IRS and Russia’s Federal Tax Service…
By Paul Sandle LONDON (Reuters) – Thousands of holidaymakers have seen their Easter getaways disrupted or cancelled because airlines and airports do not have enough staff to meet the recovery in demand as pandemic restrictions are eased in Europe. High rates of COVID-19 in Britain have caused staff absences for airlines and airports that were…
(Reuters) – Wall Street’s main indexes opened lower on Tuesday, as the prospect of fresh sanctions on Russia kept investors on edge, while megacap growth stocks retreated after strong gains a day earlier. The Dow Jones Industrial Average fell 45.5 points, or 0.13%, at the open to 34876.33. The S&P 500 fell 10.2 points, or…
By Julie Gordon OTTAWA (Reuters) – Canada’s exports rose 2.8% in February to a record high, driven mostly by energy products, while imports climbed 3.9% from the previous month, led by metals, data from Statistics Canada showed on Tuesday. The country’s trade surplus with the world narrowed to C$2.66 billion ($2.14 billion), slightly below analyst…
DETROIT (AP) — U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling. The National Highway Traffic Safety Administration says the probe covers more than 138,000 vehicles with batteries made by LG Energy Solution of South Korea….
NEW YORK (AP) — A group of financial donors committed to racial equity plans to announce Tuesday that it has secured at least $100 million annually to benefit minority groups that are disproportionately harmed by extreme weather events. The group, the Donors of Color Network, will also announce that 10 of the nation’s top 40…
Elon Musk is joining Twitter’s board of directors a day after revealing that he’d become the social media platform’s largest shareholder with a 9% stake. The billionaire has criticized Twitter publicly about its commitment to free speech. He’s also run into trouble on the platform as the CEO of Tesla after financial regulators found he…
LONDON (AP) — Britain has unveiled plans to regulate some cryptocurrencies as part of a broader plan to become a global hub for digital payments, coming as authorities in the U.S. and Europe are racing to draw up rules for crypto. Cryptocurrencies have exploded in popularity, leaving officials worldwide scrambling to figure out how to…
(Reuters) – Memory chipmaker Micron Technology Inc on Tuesday named chip firm Qorvo Inc’s finance chief Mark Murphy as its new chief financial officer. Micron lost its former CFO David Zinsner to chipmaker Intel Corp in January. Murphy will take the reins from interim finance chief Sumit Sadana, who will return to the role of…
By Ben Klayman DETROIT (Reuters) -General Motors and Honda Motor Co on Tuesday said they will co-develop a series of electric vehicles based on a new global architecture, allowing production of millions of vehicles starting in 2027. The announcement expands on plans for GM to begin building two electric SUVs for Honda starting in 2024….
