WASHINGTON (Reuters) – A U.S.-made Patriot missile defense system being used by Ukraine likely suffered some damage from a Russian strike, two U.S. officials said on Tuesday, adding that it did not appear to have been destroyed. The Patriot system is one of an array of sophisticated air defense units supplied by the West to…
WASHINGTON (Reuters) -President Joe Biden and top Republican lawmakers met at the White House for less than an hour on Tuesday to break a deadlock over raising the $31.4 trillion U.S. debt limit, and both sides expressed hope about reaching a deal. Failure to raise the federal debt limit by June 1, when the U.S….
(Reuters) -Swiss bank UBS Group AG has set aside $4 billion in provisions for potential litigation and regulatory issues stemming from its takeover of Credit Suisse, the bank said in a filing on Tuesday, as it prepared to complete the rescue of its Swiss rival. UBS estimated a “negative goodwill” of $34.8 billion from its…
By David Shepardson WASHINGTON (Reuters) -The Republican majority on a U.S. House of Representatives panel criticized two Environmental Protection Agency officials who declined to appear at a hearing Wednesday on a proposal by President Joe Biden’s administration’s to cut vehicle emissions and boost sales of electric vehicles. A spokesperson for the House Oversight Republican majority…
By Libby George and Canan Sevgili LONDON (Reuters) -Turkey’s market rout deepened on Tuesday amid investor expectations that President Tayyip Erdogan could be able to extend his rule – and his unorthodox economic policies – into a third decade. Banking stocks and sovereign dollar bonds slid for a second day and the cost of insuring…
By Patricia Zengerle, Idrees Ali and Michael Martina WASHINGTON (Reuters) -Three of U.S. President Joe Biden’s top aides warned on Tuesday that budget cuts would undermine the country’s ability to compete militarily, diplomatically and economically with China, a rare joint appearance in Congress underscoring Washington’s focus on competing with the Asian power. Secretary of State…
By Sarah N. Lynch WASHINGTON (Reuters) -Massachusetts U.S. Attorney Rachael Rollins will resign her post by Friday, her lawyer said on Tuesday, after the prosecutor became the subject of a wide-ranging ethics investigation by the Justice Department inspector general’s office. Rollins, the first Black woman to serve as the top federal prosecutor in Massachusetts, is…
By Diane Bartz, Zeba Siddiqui and Jeffrey Dastin WASHINGTON (Reuters) -The CEO of OpenAI, the startup behind ChatGPT, told a Senate panel on Tuesday the use of artificial intelligence to interfere with election integrity is a “significant area of concern”, adding that it needs regulation. “I am nervous about it,” CEO Sam Altman said about…
By Sarah N. Lynch, David Shepardson and Karen Freifeld WASHINGTON (Reuters) – The United States on Tuesday announced charges in five cases involving alleged efforts to steal technology to benefit China, Russia and Iran including a former Apple Inc engineer accused of targeting the company’s technology on autonomous systems, including self-driving cars, and then fleeing…
By Daina Beth Solomon and Jose Luis Gonzalez CIUDAD JUAREZ, Mexico (Reuters) – After hours of waiting on the U.S. side of the border and hoping the Texas National Guard would let them seek U.S. asylum, a group of 15 migrants crossed a shallow green river back to Mexico, their faces drawn in disappointment. After…
