BEIJING (Reuters) -The United States should exercise sound strategic judgment in dealing with China, China’s defence minister Li Shangfu said while meeting veteran U.S. diplomat Henry Kissinger in Beijing on Tuesday. China has been committed to building stable, predictable and constructive Sino-U.S. relations, and hopes the United States can work with it to promote the…
By Blake Brittain (Reuters) – Yum Brands’ Taco Bell prevailed on Tuesday in its self-described bid to “liberate” the phrase “Taco Tuesday,” as competing fast-food chain Taco John’s told the U.S. Patent and Trademark Office (USPTO) it would abandon its federal “Taco Tuesday” trademark. Taco Bell had asked the USPTO in May to cancel the…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose less than expected in June as receipts at service stations and building material stores declined, but consumers boosted or maintained spending elsewhere, which likely kept the economy on a solid growth path in the second quarter. Overall, the mixed report from the Commerce Department on…
By Andrew Gray and Marine Strauss BRUSSELS (Reuters) – European, Latin American and Caribbean leaders proclaimed a new era of increased political and economic cooperation on Tuesday but their summit meeting was clouded by wrangling over how to address Russia’s war in Ukraine. The gathering of some 50 leaders from the three regions in Brussels…
By Jeffrey Dastin (Reuters) – Microsoft on Tuesday said it would charge at least 53% more to access new artificial intelligence features in its widely used office software, in a glimpse at the windfall it hopes to reap from the technology. The company also said it would make a more secure version of its Bing…
WASHINGTON (Reuters) – Twenty-two Republican lawmakers urged the Federal Trade Commission to drop its fight against Microsoft’s deal to buy video game maker Activision Blizzard, calling it “an example of the FTC’s rejection of sound antitrust policy.” The lawmakers, all members of the Republican-controlled House of Representatives, in a letter sent on Monday to FTC…
By Mimosa Spencer (Reuters) -Kering has named managing director Jean-Francois Palus as Gucci’s new CEO and president for a transitional period, part of a management reshuffle at the top ranks of the French luxury goods group aimed at restoring momentum at its star label. Marco Bizzarri, who has led Gucci since 2015, will leave the…
By Victoria Waldersee, Nette Noestlinger and Leon Malherbe GRUENHEIDE, Germany (Reuters) -Tesla on Tuesday sought to assuage Brandenburg state residents’ concerns by holding a question-and-answer session on the EV maker’s planned expansion that would make its local plant the biggest car factory in the country. Tesla, which currently produces around 5,000 cars a week, hopes…
(Reuters) – Teladoc Health is expanding a partnership with Microsoft to use the tech giant’s artificial intelligence services to automate clinical documentation on the telehealth platform, lifting its shares 6% in premarket trade. The integration of AI including Microsoft’s services with technology from OpenAI, owner of viral chatbot ChatGPT, will help ease the burden on…
By Marc Frank HAVANA (Reuters) – Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, fuel and inputs for agriculture and manufacture from abroad. First Economy Vice Minister Leticia Morales told a parliament commission on Tuesday that export earnings were…
