By Jane Lanhee Lee OAKLAND, California (Reuters) – Artificial intelligence and quantum computing startup SandboxAQ on Tuesday said it has won a U.S. government contract for military cyber security in a deal that includes Microsoft and Deloitte & Touche as subcontractors. The contract is with the Defense Information Systems Agency which provides global communications infrastructure…
TORONTO (Reuters) – Canada’s annual inflation rate slowed to 3.4% in May on lower prices for gasoline as a result of the base-year effect, while mortgage interest costs remain high, Statistics Canada said on Tuesday. This was in line with what analysts polled by Reuters had expected, down from 4.4% in April. STORIES: Market reaction:…
SHANGHAI/BEIJING (Reuters) – China’s monetary authorities took forceful action against a sliding currency for the first time in nearly eight months on Tuesday, with the country’s state banks acting to put a floor under the yuan even as officials pledged more stimulus for the flagging economy. The People’s Bank of China (PBOC) set a stronger-than-expected…
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistani Prime Minister Shehbaz Sharif said on Tuesday he hoped a bailout decision from the International Monetary Fund would come in a day or two, capping off protracted negotiations as the country faces an acute balance-of-payments crisis. Islamabad is racing against time to unlock $1.1 billion under the…
By Jörn Poltz (Reuters) – Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court on Tuesday for fraud in the 2015 diesel scandal, becoming the first former Volkswagen board member to receive such a sentence. The ex-boss was fined 1.1 million euros ($1.20 million),…
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) is likely to move steadily towards phasing out its massive stimulus and may tweak yield curve control as early as October, said former central bank policymaker Makoto Sakurai. While the central bank is likely to revise up this fiscal year’s growth and inflation forecasts…
By Svea Herbst-Bayliss, Tatiana Bautzer and Julia Harte NEW YORK (Reuters) -Clad in a blue jumpsuit and dangling from the side of a skyscraper 1,200 feet above New York City, billionaire Richard Branson urged viewers on Twitter last week to live life to the fullest and try new things. As the founder of space tourism…
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rose in May, but the prior month’s data was revised down, indicating that businesses remained cautious about new capital investment because of higher borrowing costs and an uncertain economic outlook. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending…
MADRID (Reuters) -Spain will reimburse up to 15% of income tax to people who buy an electric vehicle (EV) before the end of the year to encourage cleaner driving, Economy Minister Nadia Calvino said on Tuesday. The initiative is part of an anti-inflation package worth 8.9 billion euros ($9.7 billion) in which other measures already…
By Chijioke Ohuocha and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year alone after reforms to its foreign exchange market and the removal of a petrol subsidy, the World Bank said on Tuesday, but warned of growing inflationary pressures in the short term. Nigerian President Bola Tinubu…
