By David Shepardson (Reuters) -Air taxi maker Archer Aviation has reached an agreement with Boeing and its Wisk air taxi unit to settle litigation and collaborate on autonomous technology, the companies said on Thursday. Archer’s shares jumped 30% in after-hours trading to $7.60. Separately, Archer said it completed a $215 million equity investment round that…
By Blake Brittain (Reuters) – The California Institute of Technology has reached a “potential settlement” in a high-stakes patent infringement lawsuit against Apple and Broadcom over Wi-Fi chips, according to a Thursday filing in federal court. Caltech previously won a verdict of more than $1.1 billion from Apple and Broadcom in the case that was…
By Joey Roulette WASHINGTON (Reuters) -Amazon.com Inc plans to launch its first pair of prototype internet satellites late next month on a different rocket than previously planned, a spokesman said on Monday, again switching rides for the spacecraft to avoid mounting rocket delays. The company will launch the first two satellites for Amazon’s Kuiper program,…
By Olena Harmash KYIV (Reuters) -Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to let Kyiv export grain. At least initially, the corridor would…
By Guy Faulconbridge MOSCOW (Reuters) – In Vladimir Putin’s Russia, the Kremlin even writes the history textbooks. Kremlin aide Vladimir Medinsky has published four history textbooks for 16- to 18-year-old schoolchildren giving a completely revised interpretation of the fall of the Soviet Union, the Putin era and the causes of the Ukraine war. The books,…
By David French (Reuters) – Wall Street’s main indexes finished flat on Thursday, giving up most early gains on milder-than-feared inflation data as investors worried about the U.S. economy’s longer-term prospects and whether stocks had further room to run. Data showed headline and core consumer prices both climbed by 0.2% in July, with the headline…
By Kanishka Singh WASHINGTON (Reuters) – Colombian conglomerate Grupo Aval and its bank subsidiary will pay over $80 million to settle charges of violating anti-corruption laws, U.S. authorities said on Thursday. The financial conglomerate and its unit Corporación Financiera Colombiana or Corficolombiana were charged with violating the U.S. Foreign Corrupt Practices Act, according to the…
LVIV, Ukraine (Reuters) -A Russian missile struck a hotel in the Ukrainian city of Zaporizhzhia on Thursday evening, leaving one dead and 16 injured, Ukrainian officials said. National police said an Iskander missile hit the city at 7:20 p.m. (1620 GMT). “Zaporizhzhia. The city suffers daily from Russian shelling. A fire broke out in a…
By Sophie Yu and Yew Lun Tian BEIJING (Reuters) -At Nanchengxiang restaurants in Beijing, customers treat themselves to a breakfast buffet with three types of rice porridge, sour and spicy soup, and milk – all for the price of 3 yuan ($0.40). “Many good, cheap choices popped up during the pandemic,” said 71-year-old Gao Yi,…
By Jacqueline Thomsen WASHINGTON (Reuters) -U.S. prosecutors on Thursday asked a federal judge to begin former President Donald Trump’s trial on charges of trying to overturn his 2020 election loss to Democrat Joe Biden on Jan. 2, 2024. That date would have the trial get under way just two weeks before the first votes are…
