(Reuters) -The Federal Aviation Administration said on Friday it will require some users of Pratt & Whitney’s geared turbofan engine to conduct inspections within 30 days to prevent a part failure that could damage the airplane. Pratt & Whitney parent RTX Corp announced in July that a “rare condition” in powdered metal meant 1,200 of…
By John Geddie (Reuters) – British police are investigating Myanmar’s former ambassador to the United Kingdom for trespassing on a diplomatic residence in London that he has refused to leave since being ousted for opposing Myanmar’s 2021 military coup, his lawyer told Reuters. Kyaw Zwar Minn was locked out of his embassy a few months…
WASHINGTON (Reuters) – Ukrainian forces do not appear likely to reach and retake the Russian-occupied strategic southeastern city of Melitopol during their counteroffensive aimed at winning back territory from Moscow’s army, a U.S. official said on Friday. The Ukrainian military on Thursday said it had made gains on the southeastern front, pushing forward from a…
By Nate Raymond BOSTON (Reuters) – The Oscar-winning actor Susan Sarandon has taken a construction firm to court over what she calls “extensive problems” at a $2 million home she built in Vermont and where she planned to spend her retirement. Buckled siding, missing insulation, mold and an unfinished primary bedroom ceiling are among 47…
By Zeba Siddiqui SAN FRANCISCO (Reuters) -Google-owned U.S. cybersecurity firm Mandiant said on Thursday it had seen increasing use of artificial intelligence (AI) to conduct manipulative information campaigns online in recent years, though the technology’s use in other digital intrusions had been limited so far. Researchers at the Virginia-based company found “numerous instances” since 2019…
By Howard Schneider WASHINGTON (Reuters) – Rising Treasury bond yields and home mortgage rates may reduce support at the U.S. Federal Reserve for additional interest rate increases, the prospect of which have already been ebbing on the basis of weaker inflation. The Fed raised interest rates at its July meeting by a quarter of a…
By Tim Hepher, Lisa Baertlein, Allison Lampert and Valerie Insinna (Reuters) -Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Consumers who had the means to spend the lockdown shopping online for goods…
By Anirban Sen NEW YORK (Reuters) – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal that values the chip designer at $64 billion, according to people familiar with the matter. Details of the transaction will be unveiled on Monday…
GENEVA (Reuters) – Sea levels in the South-West Pacific are rising faster than the global average, threatening low-lying islands while heat damages marine ecosystems, the U.N. meteorological agency said on Friday. In its State of the Climate in the South-West Pacific 2022 report, the World Meteorological Organization (WMO) said water levels were rising about 4…
By Pablo Mayo Cerqueiro LONDON (Reuters) – Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said, as investors boost exposure to the asset class. The company established the Allianz Global Diversified…
