By Phil Stewart and Steve Holland WASHINGTON (Reuters) -President Joe Biden on Friday nominated Admiral Lisa Franchetti to lead the Navy, an historic step that would break a gender barrier in the U.S. military by making her the first woman to command the service and to become a member of the Joint Chiefs of Staff….
By Karen Brettell and Iain Withers NEW YORK (Reuters) – The yen dropped against the dollar on Friday after Reuters reported the Bank of Japan (BoJ) is leaning toward keeping its key yield control policy unchanged next week, ahead of a busy week of central bank meetings that includes the U.S. and Europe. BoJ policymakers…
By David Shepardson (Reuters) -New Jersey sued the Biden administration on Friday seeking to block New York City’s plan to impose tolls on vehicles in Manhattan to fight congestion and pay for mass transit, saying it was unfair to residents of the neighboring state. The city aims as early as next year to charge a…
LONDON (Reuters) -Microsoft’s Activision Blizzard deal is back in the hands of Britain’s antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the U.S. software giant’s takeover were published. The Competition and Markets Authority (CMA) set out on Friday Microsoft’s arguments for the…
By Ryan Woo and Liz Lee BEIJING (Reuters) – Several Chinese cities including Shanghai and Beijing braced for flooding on Friday while inland regions baked in heat threatening to shrink the country’s biggest freshwater lake. Wild weather swings have gripped China since April, causing deaths, damaging infrastructure, wilting crops, and raising fears over its ability…
By Johan Ahlander STOCKHOLM (Reuters) – There is limited political will in Sweden to ban Koran burnings that have upset large parts of the Muslim world and it would be complicated to do even if there were backing for such a move, experts and politicians said on Friday. The Swedish Embassy in Baghdad was stormed…
(Reuters) -Huntington Bancshares beat Wall Street estimates for second-quarter profit on Friday, as it earned more from rising interest rates and saw strong demand for its commercial loans. Largely positive reports from big U.S. banks this week have helped restore investor confidence in the sector following the collapse of three banks in the country earlier…
By Davide Barbuscia NEW YORK (Reuters) – A feared liquidity drainage in the U.S. banking system as the Treasury refills its coffers has not materialised yet, on the contrary reserves increased recently, assuaging some concerns the bond spree could lead to further credit tightening. The U.S. Treasury started rebuilding its account through T-bills after the…
By Niket Nishant and Jaiveer Shekhawat (Reuters) -Comerica and Huntington Bancshares on Friday sharply cut their interest income growth forecasts for 2023, the latest U.S. banks to sound the alarm over faltering loan demand and a rise in deposit costs. The Federal Reserve’s fastest monetary tightening cycle since the 1980s helped lift lenders’ net interest…
By Dawn Chmielewski (Reuters) – Filmmakers have put monsters on screen for more than a century. In 2023, the real bogeyman looks just like us. Since June, Hollywood studios and performers have debated the use of artificial intelligence in film and television. Failure to agree on terms around AI was one reason why the SAG-AFTRA…
