By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said on Tuesday it is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks because engine failures may cause a fire. The recall covers various Escape and Lincoln Corsair SUVs and Maverick compact pickup trucks from the 2020-2023 model years with 2.5L hybrid…
WASHINGTON (Reuters) – Senate Majority Leader Chuck Schumer said on Tuesday he has scheduled three briefings for senators on artificial intelligence, including the first classified briefing on the topic. In a letter to colleagues on Tuesday, the Democratic leader said senators need to deepen their understanding of artificial intelligence. “AI is already changing our world,…
(Corrects number of total hotel projects that have broken ground or are in preconstruction phase in 2023 to 324 from 98 in paragraph five.) By Bianca Flowers and Priyamvada C (Reuters) -Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a…
ISTANBUL (Reuters) -Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787 jets as the Dubai-based carrier renews its fleet and looks ahead to demand through the 2030s. “We are looking at both more A350s, more 777-9 and possibly the 787 range,” Clark told reporters on the sidelines…
MOSCOW/KYIV (Reuters) -A major Soviet-era dam in the Russian controlled part of southern Ukraine was breached on Tuesday, unleashing floodwaters across the war zone in what both Ukraine and Russia said was an intentional attack by the other’s forces. Unverified videos on social media showed water surging through the remains of the dam with bystanders…
By Marc Jones and Koh Gui Qing LONDON/NEW YORK (Reuters) -World shares edged higher on Tuesday as investors mulled whether a recent rally in stocks has legs to run further, while Treasury yields drifted higher as traders pared bets that U.S. rate cuts are on the horizon given sticky price pressures. Wall Street, where the…
By Trevor Hunnicutt WASHINGTON (Reuters) – The deal to end the United States’ debt limit standoff was classic Joe Biden politics: eke out a narrow compromise from an ugly beginning and declare victory. Biden’s pact with Republican Kevin McCarthy suspends the $31.4 trillion U.S. debt ceiling, avoiding an economic crisis, in exchange for setting spending…
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic cost and she was banking on dialogue to ease tensions between Beijing and Western powers. Belen Garijo, the Spanish CEO of the German drugmaker and manufacturer of…
(Reuters) -Linda Yaccarino began her role as Twitter’s new CEO on Monday, about a month after Elon Musk named her as the new chief executive officer. The former advertising chief at NBCUniversal, is taking over Twitter as the company tries to reverse a plunge in ad revenue. Yaccarino has been a key figure in modernizing…
By Michael S. Derby NEW YORK (Reuters) – Supply chain pressures cooled again in May, New York Fed data showed, in a development that further eased what had been one of the key factors that had helped drive surging inflation pressures around the work. The New York Fed said on Tuesday that its latest Global…
