By John Kruzel WASHINGTON (Reuters) – A group of individual plaintiffs on Monday asked the U.S. Supreme Court to temporarily halt Microsoft’s $69 billion acquisition of Activision Blizzard, the largest in the history of the videogame industry. The bid by the plaintiffs was separate from a request by the U.S. Federal Trade Commission to pause…
GANDHINAGAR, India (Reuters) – The world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 forecast for global economic growth to 2.4% from 2.7% earlier, citing global monetary tightening. “The fact is that the…
By Nathan Gomes (Reuters) -Ford deepened a price war in the electric-vehicle industry on Monday by slashing the prices of its F-150 Lightning trucks, including a 17% cut for the base model, as it aims to boost its share of an EV market dominated by Tesla. Ford’s shares closed down 6% at $14.09. The Detroit-based…
LONDON (Reuters) – The United Nations Security Council will hold its first formal discussion on artificial intelligence (AI) this week in New York, with Britain to call for an international dialogue about its impact on global peace and security. Governments around the world are considering how to mitigate the dangers of emerging AI technology, which…
By Patricia Zengerle and Simon Lewis WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken said on Monday that a Senate delay in confirming President Joe Biden’s nominees for diplomatic positions was undermining national security, echoing similar concerns from defense officials on delays to military promotions. Blinken told reporters that he had sent a letter…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – U.S. banks will probably hold off on striking deals until the end of next year at the earliest as they await clarity on new rules on capital requirements, according to deal advisers and industry experts. Potential buyers and sellers are also being deterred by the…
By Herbert Lash NEW YORK (Reuters) -U.S. stocks rose on Monday on expectations corporate earnings will exceed forecasts, but global shares and the dollar traded little changed after data showed the Chinese economy grew slower than anticipated. China overnight reported growth of 0.8% in the second quarter, above the 0.5% forecast, but the annual pace…
By Doyinsola Oladipo (Reuters) -Marriott International said on Monday it entered a 20-year licensing agreement that will allow its loyalty members to earn and redeem existing points for booking stays at MGM Resorts International’s properties. Marriott and MGM are teaming up to offer benefits to loyalty members as travel companies use unique programs to keep…
By Howard Schneider WASHINGTON (Reuters) – Since the Federal Reserve decided to keep interest rates on hold at its June 13-14 policy meeting, U.S. central bank officials have given every indication they are ready to approve another small rate increase when they gather again next week. But recent data suggesting inflation has begun to slow…
By Abdi Sheikh and Aaron Ross MOGADISHU (Reuters) – Russia’s announcement that it was withdrawing from a pact that allowed Ukrainian grains to leave Black Sea ports sent a shiver through poorer countries, many of which are already reeling from inflation, climate shocks and conflict. The Black Sea grains deal, brokered by the United Nations…
