(Reuters) -Air Canada is closing in on the purchase of up to 20 787 Dreamliners from Boeing Co to renew and expand its long-haul fleet, Bloomberg News reported on Wednesday, citing people familiar with the matter. Shares of Boeing were up 3.6% at $208.13 in afternoon trade. Airlines are looking to shore up their wide-body…
By Nathan Gomes (Reuters) -Pilots of FedEx Corp’s air delivery unit on Wednesday voted “overwhelmingly” in favor of a strike if needed, the Air Line Pilots Association said as it enters the final stages of a contract negotiation with the company. With aviators in short supply and air travel demand booming, pilots are enjoying enhanced…
By Gabrielle Tétrault-Farber GENEVA (Reuters) – Evgenia Kara-Murza, wife of jailed Russian opposition figure Vladimir Kara-Murza, said authorities were torturing him psychologically by denying him calls with his children while he serves a 25-year sentence on charges he says are politically motivated. Speaking to Reuters on the sidelines of the Geneva Summit for Human Rights…
By Luc Cohen NEW YORK (Reuters) – FTX founder Sam Bankman-Fried is hoping a recent Supreme Court decision limiting the scope of fraud prosecutions will bolster his defense as he fights charges stemming from the collapse of his cryptocurrency exchange. But legal experts said Bankman-Fried’s odds of getting the charges dismissed remain slim. On May…
WASHINGTON (Reuters) – Fraudulent filings for state unemployment insurance aid in Massachusetts could be distorting U.S. weekly unemployment claims data, economists warned on Wednesday, making it harder to get a clear picture of the labor market in the short-term. A surge in applications in Massachusetts accounted for the increase in initial claims for unemployment benefits…
BRUSSELS (Reuters) – The European Union and the United States have launched a new joint health task force to cooperate on cancer, global health threats and related supply chains and infrastructure, officials told a press conference on Wednesday. The task force was set up on the heels of a cooperation agreement signed in June last…
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted to propose a plan to bolster the resiliency of clearing houses during times of significant market stress, such as the 2021 “meme stock” trading frenzy. Clearing agencies and their infrastructure are often referred to as the plumbing of the…
By Anna Tong (Reuters) – The swift growth of artificial intelligence technology could put the future of humanity at risk, according to most Americans surveyed in a Reuters/Ipsos poll published on Wednesday. More than two-thirds of Americans are concerned about the negative effects of AI and 61% believe it could threaten civilization. Since OpenAI’s ChatGPT…
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists, who also said the risk of a U.S. default over the debt ceiling was higher compared to prior stand-offs. Those concerns, along with failures of…
MOSCOW (Reuters) – Russia’s central bank on Wednesday said price pressure was gradually intensifying after a period of restrained price growth in the second half of last year, and that annual inflation would start picking up again this month. Double-digit annual inflation hit Russia last year soon after it sent its armed forces into Ukraine…
