(Reuters) – The U.S. federal government is ticking closer to its “x-date,” when it will no longer be able to pay its bills and risk a default that would shake the world economy. Republicans in the House of Representatives have passed legislation that would pair a $1.5 trillion increase in the debt ceiling with $4.8…
(This April 28 story has been corrected to fix the company’s name in paragraph 1) (Reuters) – A panel of U.S. Food and Drug Administration advisers on Friday voted for the restricted use of British drugmaker AstraZeneca Plc’s experimental treatment, jointly developed with Merck & Co, for a type of prostate cancer. The FDA panel…
(This April 28 story has been refiled to remove repeated word in paragraph 1) By Martin Coulter and Supantha Mukherjee LONDON/STOCKHOLM (Reuters) – As recently as February, generative AI did not feature prominently in EU lawmakers’ plans for regulating artificial intelligence technologies such as ChatGPT. The bloc’s 108-page proposal for the AI Act, published two…
By David Shepardson and Alexandra Alper WASHINGTON (Reuters) – The Biden administration outlined efforts this week to address growing U.S. national security concerns on foreign companies’ handling of Americans’ data. Commerce Secretary Gina Raimondo said at a U.S. Senate hearing the department is working “to secure our communications and technology networks and we are right…
By Kantaro Komiya TAKASAKI (Reuters) -Group of Seven advanced nations should adopt “risk-based” regulation on artificial intelligence, their digital ministers agreed on Sunday, as European lawmakers hurry to introduce an AI Act to enforce rules on emerging tools such as ChatGPT. But such regulation should also “preserve an open and enabling environment” for the development…
By Sinéad Carew (Reuters) – Wall Street indexes closed slightly lower and the dollar gained with Treasury yields as investors digested Monday’s data and waited for the U.S. Federal Reserve’s interest rate decision due on Wednesday as well as key upcoming economic data and quarterly earnings reports. Crude oil prices were lower as weak economic…
By Michael S. Derby (Reuters) -The Federal Reserve is planning new steps to ensure officials and top staff are complying with financial trading and ethics rules put in place last year, it said in a report on Monday. The report, released Monday by the central bank’s in-house watchdog, the Office of the Inspector General, or…
By Allison Lampert (Reuters) -North American pilots took fresh steps on Monday to press for workforce gains, with American Airlines Group Inc pilots backing a strike mandate and Air Canada pilots supporting a merger with a larger union. American Airlines pilots approved the mandate ahead of the busy summer travel season to further pressure the…
By Ivan Lubysh-Kirdey PAVLOHRAD, Ukraine (Reuters) -Russia unleashed a fresh volley of missiles on Ukraine overnight in a city in the east, killing two people, setting off huge blazes and damaging dozens of homes and other buildings. President Volodymyr Zelenskiy announced the two deaths in his nightly video address, vowing: “The Russian occupiers will receive…
By Arriana McLymore NEW YORK (Reuters) -A bipartisan group of two dozen U.S. representatives was calling for the Securities and Exchange Commission to halt the initial public offering of Chinese-founded fast-fashion giant Shein until it verifies it does not use forced labor, according to a letter seen by Reuters. The U.S. lawmakers want the SEC…
