SINGAPORE (Reuters) – Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns across the world, targeting everything from government and military organisations to corporations and media groups Cybersecurity firms believe many of those groups are backed by China’s government. U.S.-based Mandiant has said some Chinese hacking groups…
By Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday curbed state and local governments from seizing and selling the homes of people with unpaid property taxes and keeping the proceeds beyond the amount owed, unanimously ruling in favor of a 94-year-old woman who waged a battle with tax authorities in Minnesota. The justices…
By Michael S. Derby NEW YORK (Reuters) – Boston Federal Reserve President Susan Collins said on Thursday the time may be at hand for the U.S. central bank to push the pause button on its interest rate hiking campaign to see how the impact of past tightening is weighing on activity. “While inflation is still…
(Reuters) – American Airlines Group Inc’s Chief Financial Officer Devon May said on Thursday the court ruling on the Northeast Alliance with JetBlue Airways Corp will not have any impact on the carrier’s earnings. American Airlines and JetBlue announced the creation of the Northeast Alliance (NEA) in July 2020 to coordinate flights and pool revenue…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. company Viasat has won unconditional EU antitrust approval to acquire British satellite rival Inmarsat for $7.3 billion, the European Commission announced on Thursday, adding that the merger would not raise competition concerns. The companies, which compete with market leaders Panasonic and Intelsat in the market for wi-fi…
(Reuters) -Shares of Dish Network Corp rose over 10% on Thursday, after a report that the U.S. satellite TV service provider was in talks to sell its wireless plans through Amazon.com Inc. The potential tie-up would open up a large sales channel for Dish Network, which has been investing to grow its wireless business. Details…
MOSCOW (Reuters) -Russia’s Wagner mercenary group has started withdrawing its forces from the Ukrainian city of Bakhmut and transferring its positions there to regular Russian troops, its founder Yevgeny Prigozhin said in a video published on Thursday. “We are withdrawing the units from Bakhmut. From today at five in the morning, May 25 until June…
By Foo Yun Chee BRUSSELS (Reuters) – Europe’s artificial intelligence (AI) rules are not for negotiation, EU industry chief Thierry Breton said on Thursday, as he criticised OpenAI CEO Sam Altman’s threat to quit the continent if it cannot comply with the legislation. Altman’s comments at a conference a day earlier came as the European…
SAO PAULO (Reuters) – Inflation in Brazil continued to slow down in early May, data from statistics agency IBGE showed on Thursday, in a move that surprised markets and is likely to put more pressure on the central bank to lower interest rates. The local IPCA-15 consumer price index reached 4.07% in the 12 months…
By Luc Cohen NEW YORK (Reuters) -Steve Bannon, a one-time advisor to Donald Trump, is set to go on trial on May 27, 2024, on criminal charges over a push to fund the former U.S. president’s signature wall along the U.S. southern border, a New York judge said in a court hearing on Thursday. New…
