By Yukiko Toyoda and David Dolan TOKYO (Reuters) -The leaders of the Group of Seven (G7) rich democracies this weekend pledged to “de-risk” without “decoupling” from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said. U.S. President Joe Biden and other G7 leaders wrapped up a…
JERUSALEM (Reuters) – Israel aims to parlay its technological prowess to become an artificial intelligence “superpower”, the Defence Ministry director-general said on Monday, predicting advances in autonomous warfare and streamlined combat decision-making. Steps to harness rapid AI evolutions include the formation of a dedicated organisation for military robotics in the ministry, and a record-high budget…
TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida on Monday said he had no plan to resort to new tax measures to fund the government’s upcoming childcare package designed to reverse the country’s declining birthrate. The government in March laid out a plan to boost child care over the coming three years, but did not specify…
(Reuters) – Micron Technology Inc expects China’s ban on company’s infrastructure chips to impact revenue in the low-single to high-single digit percentage, the company said on Monday at a J.P. Morgan conference call. “We estimate that the combined direct sales and indirect sales through distributors to China headquartered companies is about 1/4 of our total…
By Simon Lewis WASHINGTON (Reuters) -The Biden administration rebuked Israel on Sunday over an order that allows Jewish settlers to establish a permanent presence in a West Bank outpost that Washington has warned Jerusalem it should avoid legitimizing. The chief of the Israeli military’s Central Command signed an order on Thursday that allows Israelis to…
By Laura Matthews NEW YORK (Reuters) – BNY Mellon is expanding its offering of short-term investment products as investors chase higher yields, the bank announced on Monday. The bank is now offering access to mutual funds, interest-bearing deposits and sponsored cleared repurchase agreement sweep products through its LiquidityDirect platform, a portal for institutional investors. The…
BERLIN (Reuters) -Foreign investment in Germany was stable in 2022, data from Germany Trade & Invest (GTAI), showed on Monday, although the body’s head said it could be a challenge to retain investment from the biggest spender the United States. Last year, Germany attracted 1,783 new projects and expansions, 23 fewer than in 2021, but…
By Jamie McGeever ORLANDO, Florida (Reuters) -The curious dance between markets and the Federal Reserve now underway – Wall Street on a roll even as Fed officials say the most aggressive interest rate-hiking cycle in decades may need to go further – can partly be traced to the communications debacle of the “taper tantrum” exactly…
By Doyinsola Oladipo NEW YORK (Reuters) – Lillian Smith has spent about eight of the last 12 months traveling around the world, hitting France, Morocco, Japan and South Korea. Her cost for lodgings in that time? About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter…
BERLIN (Reuters) -Germany’s government should tackle labour shortages by making it easier for immigrants to join the workforce, the DIHK Chambers of Commerce and Industry said on Monday, as it reaffirmed a forecast that the economy would flatline this year. Germany’s corporate sector is showing resilience, weathering high energy prices, rising interest rates and the…
