By Chibuike Oguh NEW YORK (Reuters) – A gloomy forecast from vacation rental firm Airbnb weighed on travel-related stocks on Wednesday as an expected slowdown in bookings signaled an impending slump in travel demand with consumers seeking cheaper accommodation amid inflation and recession fears. Airbnb, which reported a 20% rise in quarterly revenue on Wednesday,…
By Djaffar Sabiti NYAMUKUBI, Democratic Republic of Congo (Reuters) -The death toll from flooding in eastern Democratic Republic of Congo crept higher on Tuesday as aid workers found more bodies among the muddy devastation and wounded residents succumbed to their injuries in an underequipped local clinic. The floods, in a remote, mountainous area of South…
By Lucia Mutikani WASHINGTON (Reuters) – The annual increase in U.S. consumer prices slowed to below 5% in April for the first time in two years, while a key inflation measure monitored by the Federal Reserve subsided, potentially providing cover for the central bank to pause further interest rate hikes next month. Nevertheless, inflation remains…
By Timothy Gardner WASHINGTON (Reuters) -Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing to…
By Moira Warburton WASHINGTON (Reuters) – U.S. Democratic Senator Dianne Feinstein said on Wednesday she is ready to resume her duties but with a lighter schedule, after missing nearly three months due to a bout of shingles. Feinstein, 89, whose return to the chamber restores Democrats’ 51-49 majority, said in a statement she is still…
By Tarek Amara TUNIS (Reuters) -Tunisia’s president on Wednesday blamed “criminals” seeking to harm the tourism sector for a synagogue shooting on the island of Djerba that killed six people in the country’s deadliest attack in years. The attacker, a National Guard member, killed a colleague at a naval installation on Tuesday and drove to…
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are set to approve Microsoft Corp’s $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said. The European Commission’s imminent clearance comes nearly three weeks after the UK competition authority blocked the deal, the biggest-ever…
By David Lawder WASHINGTON (Reuters) -The U.S. government reported a $176 billion surplus in April, down sharply from a year-ago record as revenues fell, the U.S. Treasury Department said on Wednesday as a June 1 deadline for a potential debt ceiling default drew closer. The April surplus, which reflects tax filing season receipts, was down…
WASHINGTON (Reuters) -OpenAI CEO Sam Altman will make his first appearance before a Senate panel next week as the U.S. Congress grapples with how best to regulate artificial intelligence as the technology becomes more powerful and widespread. Altman will testify before the Senate Judiciary Subcommittee on Privacy, Technology & the Law on Tuesday on what…
By Daina Beth Solomon, Gustavo Graf and Lizbeth Diaz HUEHUETOCA, Mexico (Reuters) – Thousands of migrants in Mexico have been clambering onto dangerous freight trains rumbling northward in a scramble to reach the U.S. border by the time the United States ends a tough migration policy later this week. In recent weeks, up to several…
