BERLIN (Reuters) -The German economy has shown resilience over the last year thanks to a strong policy response and a mild winter, but economic growth will remain muted in the near term, the International Monetary Fund (IMF) said on Tuesday. Tighter financial conditions and the energy price shock have begun to weigh on near-term growth,…
By Dawn Chmielewski, Helen Coster and Sheila Dang NEW YORK (Reuters) – An animated appearance by Ted, the foul-mouthed teddy bear from the movie of the same name, a gaggle of “Real Housewives” and a NBC News political correspondent appeared at NBCUniversal’s annual ad-selling “upfront” presentation, as a writers’ strike prompted high-wattage acting talent to…
WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday that it had charged a former Apple Inc engineer with attempting to steal the firm’s technology related to autonomous systems, including self-driving cars. The engineer, whom Justice Department officials named as Weibao Wang, 35, in 2017 accepted a U.S.-based job with a Chinese company working…
(Reuters) – A U.S. appeals court has temporarily halted a federal judge’s ruling that struck down the Affordable Care Act’s mandate requiring insurers to cover preventive care, the New York Times reported on Monday. The ruling stems from one of several legal challenges Republicans have brought against the 2010 healthcare law, former President Barack Obama’s…
By Tom Hals WILMINGTON, Delaware (Reuters) -The U.S. Virgin Islands has subpoenaed Tesla Inc CEO Elon Musk for documents in its lawsuit accusing JPMorgan Chase & Co of helping enable sexual abuses by late sex offender Jeffrey Epstein. The subpoena, issued on April 28, came to light on Monday in a request by the Virgin…
NEW YORK (Reuters) – U.S. lawmakers lambasted former banking executives from the collapsed Silicon Valley and Signature banks at the start of a Senate hearing on Tuesday examining the failures of the two lenders in March. “Why did you ignore admonitions from regulators?” Ohio Senator Sherrod Brown said in an opening statement. “There is a simple…
(Reuters) – Commissioners at the U.S. Federal Trade Commission (FTC) have not yet met to discuss Amgen’s acquisition of Horizon Therapeutics, CNBC reported on Tuesday. The news comes a day after reports that the FTC is expected to file a lawsuit as early as Tuesday to block the $27.8 billion deal. (Reporting by Leroy Leo…
WASHINGTON (Reuters) – U.S. business inventories unexpectedly fell in March, pulled down by a decline in stocks at manufacturers. Business inventories dipped 0.1% after being unchanged in February, the Commerce Department said on Tuesday. Economists polled by Reuters had expected inventories, a key component of gross domestic product, would be unchanged. Inventories increased 6.5% on…
By Jaiveer Shekhawat (Reuters) – SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar with the matter told Reuters. A unicorn is a startup that is valued at or above $1 billion. SageSure’s latest fundraising was led by specialty insurance firm Amwins and investment…
By David Shepardson WASHINGTON (Reuters) -The Biden administration said Tuesday it has formed an interagency team to develop a national strategy relating to advanced air mobility efforts such as flying taxis. Electric vertical takeoff and landing aircraft (eVTOL) have been touted as the future of urban air mobility. Low-altitude urban air mobility aircraft has drawn…
