(Reuters) – The White House, pressed on Wednesday about recent Chinese growth, said there were issues with the transparency of economic data issued by Beijing. “We have all seen the reports of the economic weakness in China … and as we’ve said many times before, there have also been transparency issues as we know, when…
By Bianca Flowers (Reuters) – United Steel Workers (USW) International President Tom Conway on Wednesday called ArcelorMittal’s bid consideration for U.S. Steel “foolish” and said the union wouldn’t endorse any buyers other than Cleveland-Cliffs. ArcelorMittal SA (MT.LU), the world’s second-largest steelmaker, is considering a potential offer for U.S. Steel Corp Reuters reported. If it does…
By Allison Lampert (Reuters) – Loss-making private jet firm Wheels Up Experience nabbed a key $500 million lifeline but still faces turnaround challenges, as demand for private travel softens in the wake of the COVID-19 pandemic and rival operators lure some of their customers. Wheels Up avoided a possible bankruptcy when it secured backing from…
(Reuters) – OpenAI said on Wednesday it had acquired digital products company Global Illumination, in what comes as the first known acquisition by the storied artificial intelligence firm. Financial details of the deal were not disclosed. “The entire (Global Illumination) team has joined OpenAI to work on our core products including ChatGPT,” OpenAI said. New…
WASHINGTON (Reuters) – A bipartisan group of former senior U.S. national security officials urged Congress on Wednesday to dedicate resources to President Joe Biden’s recent order restricting some outbound U.S. investment to China, calling it a top priority. Twenty-one veteran officials – including former deputy national security advisor during the Trump administration Matt Pottinger,…
By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) – The United States on Wednesday condemned Russia’s continued attacks on Ukraine’s grain infrastructure and said it was working with partners to identify alternative options to ensure Ukrainian grain exports. “The United States … calls for Russia to immediately return to the Black Sea Grain Initiative,” State…
By Diane Bartz WASHINGTON (Reuters) -Officials from seven U.S. states wrote to U.S. antitrust enforcers on Wednesday to ask for Kroger’s proposed $24.6 billion acquisition of Albertsons to be stopped. In a letter to Federal Trade Commission (FTC) Chair Lina Khan, the secretaries of state said that the deal would give a combined Kroger/Albertsons nearly…
BRASILIA (Reuters) -Approval of President Luiz Inacio Lula da Silva’s government increased in August on voter perceptions that Brazil’s economy is improving and he is doing a good job governing, a new Genial/Quaest poll showed on Wednesday. Positive approval of the government rose to 42% of respondents from 37% in June, while negative views fell…
By Hannah Lang WASHINGTON (Reuters) – The Japanese yen further weakened against the dollar on Wednesday, hovering in a zone that last year triggered intervention, while the yuan slipped to a nine-month low as fears mounted about the extent of China’s slowdown. The yen has hit the key 145 per dollar level for four sessions,…
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday despite a large drawdown in U.S. crude stocks as investors weighed worries about China’s embattled economy against expectations of tighter supply in the United States. Brent crude futures fell $1.44, or 1.7%, to settle at $83.45 a barrel while U.S. West Texas Intermediate crude (WTI)…
