(Reuters) – PPG Industries raised its full-year profit forecast on Thursday after beating second-quarter profit estimates as strong prices helped the industrial coatings maker offset lower demand. While overall sales volumes were down, demand for automotive OEM coatings remained robust as the quarter witnessed higher vehicle production in the U.S. after two straight quarterly declines,…
WASHINGTON (Reuters) -U.S. President Joe Biden will host a second summit with leaders of Pacific island nations in September, Joseph Yun, the U.S. official responsible to negotiations with three key Pacific island states said on Thursday. U.S. officials have said the summit is expected to take place around the time of the U.N. General Assembly…
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate voted overwhelmingly on Thursday against an effort to tie military aid to Ukraine to NATO members’ defense spending, despite 13 Republicans backing the bid from Republican Senator Mike Lee to restrict U.S. aid to Ukraine. The 100-member Senate opposed the amendment to the National Defense Authorization…
SEOUL (Reuters) – South Korea’s producer prices fell in June on an annual basis for the first time in 31 months, central bank data showed on Friday, dragged down by petroleum and agricultural products. The producer price index was 0.2% lower in June than the same month the year before, after a rise of 0.5%…
By Raphael Satter WASHINGTON (Reuters) – Hackers and propagandists are wielding artificial intelligence (AI) to create malicious software, draft convincing phishing emails and spread disinformation online, Canada’s top cybersecurity official told Reuters, early evidence that the technological revolution sweeping Silicon Valley has also been adopted by cybercriminals. In an interview this week, Canadian Centre for…
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft was hit with an EU antitrust complaint by German rival alfaview on Thursday, the second so far over its bundling of video app Teams into its Office product, as the bloc’s regulator prepares to investigate the U.S. tech giant. The U.S. software company has been on the EU…
(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in benchmark lending rates. The U.S. Federal Reserve has aggressively hiked interest rates over the past 12 months to tackle sticky inflation, a move which has boosted profitability for…
By Alasdair Pal and Irene Wang SYDNEY/AUCKLAND (Reuters) -Co-hosts Australia and New Zealand opened the ninth Women’s World Cup with wins and record crowds on Thursday, after a shooting near the Norwegian team hotel in Auckland that left three dead and six injured. Police said the shooter was among those killed and the danger from…
By Joseph White and Ben Klayman DETROIT (Reuters) – Detroit’s automakers and the United Auto Workers will not be alone as they begin bargaining this week over wages and working conditions that will govern the shift to electric vehicles over the next several years. Tesla CEO Elon Musk and the automaker’s increasingly profitable and efficient…
By Nichola Groom (Reuters) -The Biden administration on Thursday proposed a sharp increase in bonding rates to cover the cost of plugging abandoned oil and gas wells and rules to limit development in sensitive wildlife and cultural areas. The proposals were among a range of leasing reforms designed to ensure fair taxpayer returns from drilling…
