By Steve Scherer and David Ljunggren OTTAWA (Reuters) -The Bank of Canada agreed that the need for further rate hikes would be determined by fresh economic data after it lifted rates to a 22-year high earlier this month, minutes from their policy meetings released on Wednesday showed. Analysts said the tone of the notes made…
(Reuters) – Intel Corp said on Wednesday its manufacturing business will work like a separate unit and will begin to generate a margin, but gave no clear timeline on when it will start scaling up, sending the chipmaker’s shares down about 5%. The company also did not name a new external customer for the business…
By Daniel Wiessner (Reuters) – A U.S. appeals court on Wednesday upheld a New York county’s law barring anti-abortion activists from approaching people outside abortion clinics, teeing up potential review by the U.S. Supreme Court. The Manhattan-based 2nd U.S. Circuit Court of Appeals said the law adopted last year by Westchester County, New York, was…
(Reuters) – Uber Technologies said on Wednesday it was cutting 200 jobs in its recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1% of Uber’s 32,700-strong global workforce and follow the ride-share company laying off 150 employees in its freight services division…
By Charlotte Van Campenhout BRUSSELS (Reuters) – Belgian Prime Minister Alexander De Croo and Foreign Minister Hadja Lahbib were quizzed by lawmakers on Wednesday after delegations from Iranian and Russian cities were granted visas to attend a mayors’ convention in Brussels last week. Lahbib especially is under scrutiny for having approved visas requests for citizens…
By David Shepardson WASHINGTON (Reuters) -Tesla urged the Biden administration to finalize significantly stricter heavy-duty emissions limits than proposed in April, arguing larger vehicles were being electrified much faster than envisioned and would lead to bigger pollution cuts. The electric vehicle (EV) manufacturer said in comments made public on Tuesday that the Environmental Protection Agency’s…
By David Shepardson and Richard Cowan WASHINGTON (Reuters) -U.S. Senate Majority Chuck Schumer on Wednesday called for “comprehensive legislation” to advance and ensure safeguards on artificial intelligence (AI) and will hold a series of forums in later this year. “If the government doesn’t step in, who will fill its place? Individuals and the private sector…
LONDON (Reuters) – The United States will send $1.3 billion more in aid to Ukraine to help the conflict-hit country overhaul its energy grid and modernise its ports, railways and other infrastructure, U.S. Secretary of State Antony Blinken said on Wednesday. “Recovery is about laying the foundation for Ukraine to thrive as a secure, independent…
By Stephanie Kelly and Jarrett Renshaw (Reuters) – The Biden administration on Wednesday increased the amount of biofuels that oil refiners must blend into the nation’s fuel mix over the next three years, but the plan has angered the biofuel industry, which says mandates for corn-based ethanol and biodiesel are not high enough. The U.S….
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve’s fight to lower inflation back to its 2% target “has a long way to go,” Federal Reserve Chair Jerome Powell said on Wednesday in testimony prepared for delivery to the House Financial Services Committee. “Inflation has moderated somewhat since the middle of last year,” with the…
