By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government’s bills only through June 1 without a debt limit increase, leaving just 10 days for White House negotiators and congressional Republicans to reach a deal. In her third letter to…
By Dawn Chmielewski LOS ANGELES (Reuters) – Writer Kyra Jones knew she would be taking a financial hit when she agreed to join the writers’ room for the Hulu comedy series “Woke.” The first payment she received for her share of the show’s digital rentals was a mere $4, before taxes, barely enough to buy…
(Reuters) – Tiger Woods will not compete in next month’s U.S. Open while he recovers from recent surgery, the major tournament’s organisers said on Monday. The 15-times major winner withdrew from the Masters midway through the tournament due to injury and had fusion surgery on a bone in his ankle last month to address post-traumatic…
By Sabrina Valle HOUSTON (Reuters) -Chevron Corp said on Monday it is increasing its U.S. oil and gas footprint by acquiring shale producer PDC Energy Inc in a stock-and-debt transaction worth $7.6 billion. For Chevron, the second-largest U.S. oil firm, the deal will increase its production, capital expenditures and cash flow in the United States…
BERLIN (Reuters) – Germany plans to earmark around 4 billion euros ($4.40 billion) annually to subsidize electricity prices for energy-intensive industries, to support an industrial move away from fossil fuels and discourage firms from moving offshore. The government last year introduced electricity and gas price caps to shield industry and households from rising energy prices,…
By Daniel Wiessner (Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture banking business. The lawsuit filed in San Francisco federal court says HSBC violated…
By Jeffrey Dastin and Anna Tong (Reuters) -ChatGPT’s creator OpenAI is testing how to gather broad input on decisions impacting its artificial intelligence, its president Greg Brockman said on Monday. At AI Forward, an event in San Francisco hosted by Goldman Sachs Group Inc and SV Angel, Brockman discussed the broad contours of how the…
DAKAR (Reuters) – Between 60,000 and 90,000 people have fled from Sudan to neighbouring Chad since violence erupted last month, the U.N. refugee agency said on Monday. More than 250,000 people have crossed the borders to neighbouring countries since the conflict broke out, with more expected to flee as fighting continues. “Almost 90% of new…
By Kirsty Needham (Reuters) – U.S. Secretary of State Antony Blinken said a defence cooperation pact signed with Papua New Guinea on Monday would expand the Pacific island nation’s capabilities and make it easier for the U.S. military to train with its forces. Blinken and Indian Prime Minister Narendra Modi held separate meetings with 14…
By Daina Beth Solomon and David Lawder WASHINGTON/MEXICO CITY (Reuters) – U.S. labor officials on Monday said they have asked Mexico to investigate alleged worker rights abuses at a Goodyear Tire & Rubber Co plant in Mexico in the latest “rapid response” probe under North American trade rules. The complaint from the U.S. Trade Representative’s…
