By Aishwarya Nair (Reuters) – A failure to break the deadlock on raising the U.S. debt ceiling before the deadline could pose a challenge to capital-intensive businesses such as industrial suppliers, a body representing construction and farm equipment makers said. The U.S. government could fall behind on its bills next month, and even default on…
By Khalid Abdelaziz and Nafisa Eltahir DUBAI (Reuters) -Clashes between rival military factions broke out on Wednesday in Sudan’s capital Khartoum, residents said, threatening to shatter a fragile ceasefire designed to allow for the delivery of aid and create conditions for a more lasting truce. The ceasefire deal, which is being monitored by Saudi Arabia…
By Valerie Insinna WASHINGTON (Reuters) – Boeing Co is deploying experienced pilots to airlines that are training their employees to fly Boeing aircraft, as part of a wider push to reduce aviation safety risks after two 737 MAX crashes in 2018 and 2019. In 2022, a total of 125 so-called “flight operations representatives” worked with…
By Fergal Smith (Reuters) – Canada’s main stock market fell to its lowest closing level in nearly two months on Wednesday as two major banks reported quarterly earnings that missed analysts’ estimates and U.S. debt deal uncertainty weighed on investor sentiment. The Toronto Stock Exchange’s S&P/TSX composite index ended down 218.32 points, or 1.1%, at…
LONDON (Reuters) -Microsoft filed an appeal on Wednesday of Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard, a company spokesperson said. The Competition and Markets Authority (CMA), Britain’s antitrust regulator, vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming market. Microsoft lodged…
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact involving European and non-European companies before rules are established to govern the technology, EU industry chief Thierry Breton said on Wednesday. Breton earlier met Sundar Pichai, CEO of Google and its parent company Alphabet, in…
(Reuters) -The U.S. Federal Trade Commission (FTC) is probing whether Abbott Laboratories and other companies that make baby formula colluded in bidding on state contracts, according to a document posted on the agency’s website. The FTC is looking into whether the companies “engaged in collusion or coordination with any other market participant regarding the bidding,”…
LONDON (Reuters) – OpenAI CEO Sam Altman said on Wednesday the ChatGPT maker might consider leaving Europe if it could not comply with the upcoming artificial intelligence (AI) regulations by the European Union. The EU is working on what could be the first set of rules globally to govern AI. As part of the draft,…
SEOUL (Reuters) – South Korea’s producer prices rose in April at the slowest pace in 27 months, as agricultural and utility prices fell, central bank data showed on Thursday. The Producer Price Index stood 1.6% higher in April than the same month a year before, slower than the 3.3% rise in March, according to the…
QUITO (Reuters) – Ecuador’s President Guillermo Lasso on Wednesday described coming early elections as an opportunity to unite the country as it grapples with gang violence and political instability after Lasso dissolved the legislature earlier in May. The embattled leader is governing by decree after invoking a constitutional mechanism on May 17 that dissolved the…
