By Philip Blenkinsop LULEA, Sweden (Reuters) – EU tech chief Margrethe Vestager said on Wednesday she believed a draft code of conduct on artificial intelligence (AI) could be drawn up within weeks, allowing industry to commit to a final proposal “very, very soon”. Policymakers and many in the industry have expressed concern about AI, particularly…
(Adds dropped word in second paragraph to clarify Krebs was interviewed) WASHINGTON (Reuters) – A U.S. special counsel investigating former President Donald Trump and efforts to overturn his 2020 election loss are examining his firing of a cybersecurity official whose office said the vote was secure, the New York Times said on Wednesday. Special Counsel…
NEW YORK (Reuters) – The cost of insuring exposure to a U.S. debt default rose on Wednesday, with investors focused on a debt ceiling vote in the House of Representatives later in the day. The U.S. one-year credit default swap (CDS) – a market-based gauge of the risk of default – climbed to 76 basis…
(Reuters) – Minnesota became the latest U.S. state to legalize marijuana for recreational use on Tuesday after its governor, Tim Walz, signed a law allowing the state’s residents over the age of 21 to legally possess cannabis for consumption. Apart from the 23 states, adult-use cannabis is also legal in the District of Columbia, Guam…
(Reuters) – Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap rising demand for electric vehicles. The automaker also said its first U.S.-made battery electric sports utility vehicles (SUVs) will be assembled at the company’s…
MEXICO CITY (Reuters) -Mexican retail and bottling giant Femsa said Wednesday it had reached a “definitive” agreement to sell its stake in Jetro Restaurant Depot for $1.4 billion, furthering its strategy to simplify its business, and sending its shares up. The transaction will close in the second quarter of this year, when it will receive…
WASHINGTON (Reuters) – ESSA Bank & Trust has agreed to pay over $3 million to resolve allegations it engaged in lending discrimination by redlining majority-Black and Hispanic neighborhoods in and around Philadelphia, the Justice Department said on Wednesday. A complaint filed in federal court alleges the bank engaged in the discriminatory behavior from at least…
By Karen Freifeld WASHINGTON (Reuters) – New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a U.S. Treasury official said on Wednesday. Speaking before a Senate Banking Committee hearing, Paul Rosen, who oversees investment security at Treasury, said officials…
By Karen Freifeld WASHINGTON (Reuters) – New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing, a U.S. Treasury official said on Wednesday. Speaking before a Senate Banking Committee hearing, Paul Rosen, who oversees investment security at Treasury, said officials…
By Fatos Bytyci LEPOSAVIC, Kosovo (Reuters) – NATO peacekeepers guarded town halls in ethnically polarised north Kosovo for a third day on Wednesday as Serbia’s defence minister inspected troops deployed near the border with its former province after violent unrest this week. The disturbances prompted NATO to send additional troops to the area and the…
