By David Shepardson WASHINGTON (Reuters) -A U.S. House of Representatives committee on Wednesday narrowly voted to raise the mandatory commercial pilot retirement age to 67 from 65. Members of the House Transportation and Infrastructure Committee voted 32 to 31 for the pilot age amendment to a proposed five-year bill to reauthorize the Federal Aviation Administration…
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet’s Google may have to sell part of its lucrative adtech business to address concerns about anti-competitive practices, EU regulators said on Wednesday, threatening the company with its harshest regulatory penalty to date. The European Commission set out its charges in a statement of objections to Google two…
By David Shepardson WASHINGTON (Reuters) -U.S. President Joe Biden on Wednesday vetoed a measure approved by Congress that would overturn his administration’s sharp new limits on emissions from heavy-duty trucks responsible for significant soot and smog. The veto preserves Environmental Protection Agency (EPA) rules will “make our air cleaner and prevent thousands of premature deaths…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid on Wednesday after the Federal Reserve held interest rates steady, as expected, but signaled that borrowing costs will increase by another 50 basis points (bps) by end-December. The dollar index was last down 0.3% at 103.01 after hitting a four-week low of 102.66 in…
By Karolina Tagaris and Stamos Prousalis KALAMATA, Greece (Reuters) -At least 79 migrants drowned early on Wednesday and hundreds more were missing and feared dead after their overloaded boat capsized and sank in open seas off Greece, in one of Europe’s deadliest shipping disasters in recent years. As a painstaking search for survivors continued, a…
By Miguel Lo Bianco BUENOS AIRES (Reuters) – Anahí Robledo feeds 50 families each day at the community kitchen she runs in a poor neighborhood on the outskirts of Buenos Aires, struggling with the chronic inflation that has thrown four in every ten people in the country into poverty. Argentina is battling an economic crisis…
By Blake Brittain (Reuters) – A U.S. Patent Office tribunal ruled for Intel Corp on Tuesday on the chipmaking giant’s bid to invalidate a patent that represented $1.5 billion of a $2.18 billion verdict it lost to VLSI Technology LLC in 2021. The Patent Trial and Appeal Board invalidated the computer chip-related patent after canceling…
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s annual inflation rate topped 114% in May, but in a silver lining for the embattled South American country the monthly rise came in well below analyst forecasts and posted a surprise slowdown versus a peak the month before. The monthly rise in the consumer price index (CPI)…
By Jody Godoy (Reuters) – A U.S. appeals court on Tuesday partly revived a shareholder lawsuit against Prudential Financial Inc alleging the insurer concealed a shortfall with its individual life insurance policy reserves in 2019. The 3rd U.S. Circuit Court of Appeals said investors had a plausible claim the insurer falsely downplayed mortality among policyholders…
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve policymakers reached a milestone on Wednesday when they left the U.S. central bank’s benchmark overnight interest rate steady for the first time after 10 consecutive hikes. While Fed officials still see rates rising further, by as much as half a percentage point by the end of this…
