PARIS (Reuters) -The United States plans to rejoin the UNESCO organisation from this July onwards, UNESCO announced on Monday. The United States withdrew from the U.N. cultural agency in December 2018 under President Donald Trump over accusations of anti-Israel bias and mismanagement. “It is a strong act of confidence in UNESCO and in multilateralism”, UNESCO…
(Reuters) – Chipmaker GlobalFoundries and missile manufacturer Lockheed Martin on Monday announced their partnership to secure domestic semiconductor supply for defense systems. The strategic collaboration will secure manufacturing across a range of advanced and next-generation chips, and will allow leveraging of GlobalFoundries’ technology to increase anti-fragility in microelectronics systems and supply chains. Defense companies have…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -Germany’s DAX index led gains among its European peers on Monday, boosted by Adidas shares after an analyst upgrade, while investor focus was largely on major central bank policy meetings scheduled through the week. The pan-European STOXX 600 index closed 0.2% higher, with the DAX up 0.9%….
By Chibuike Oguh NEW YORK (Reuters) – Shares of Carnival Corp and Norwegian Cruise Line Holdings Ltd jumped on Monday, and were among the top S&P 500 performers, as analysts anticipate continuing growth in travel demand from customers. Bookings across the cruise industry, which were hit hard during the pandemic, have now reached historical levels…
(Reuters) -Illumina CEO Francis deSouza stepped down on Sunday, marking a victory for activist investor Carl Icahn and heightening expectations that it could unwind its controversial $7.1 billion acquisition of Grail. The gene-sequencing machine maker had repurchased Grail, a cancer diagnostic test maker, in 2021 despite opposition from U.S. and European antitrust regulators – a…
By David Shepardson WASHINGTON (Reuters) – American Airlines and JetBlue Airways asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. U.S. District Judge Leo Sorokin ruled on May 19 that the airlines must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue…
By Blake Brittain (Reuters) – The U.S. Supreme Court handed brand owners a win against parody products on Thursday when it ruled that “Bad Spaniels” dog toys resembling Jack Daniel’s whiskey bottles are not shielded by the U.S. Constitution from the liquor maker’s trademark lawsuit. The decision is likely to force companies to toe a…
WASHINGTON (Reuters) – A White House meeting between Joe Biden and NATO Secretary-General Jens Stoltenberg that had been set to take place on Monday has been rescheduled to Tuesday, the White House said, after announcing the U.S. president would undergo an unscheduled root canal. (Reporting by Trevor Hunnicutt; writing by Rami Ayyub; editing by Tim…
(Reuters) – Verizon Communications is searching for a new finance chief and looking for potential candidates to later succeed CEO Hans Vestberg, the Wall Street Journal reported on Monday citing people familiar with the matter. The company had reshuffled its senior leadership roles in March and appointed Tony Skiadas to replace former Chief Financial Officer…
By Blake Brittain (Reuters) – Alphabet’s YouTube and Grammy-winning composer Maria Schneider said in a court filing on Sunday that they agreed to dismiss Schneider’s San Francisco federal lawsuit accusing the video-sharing site of enabling the piracy of her works. A trial in the copyright infringement case had been set to begin on Monday. YouTube…
