By Rajesh Kumar Singh and Aishwarya Nair (Reuters) -Southwest Airlines Co’s said a technology failure caused a one-hour nationwide stoppage of its flights on Tuesday, another snafu for the carrier after a software problem over the Christmas holiday stranded thousands. The Dallas-based carrier’s flights resumed after a vendor-supplied computer network firewall went down Tuesday morning…
LONDON (Reuters) – WhatsApp and other messaging services have united to oppose Britain’s plan to force tech companies to break end-to-end encryption in private messages in its proposed internet safety legislation. Meta-owned WhatsApp, Signal and five other apps signed an open letter saying the law could give an “unelected official the power to weaken the…
WASHINGTON (Reuters) – Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misuse artificial intelligence to violate laws against discrimination or be deceptive. The sudden popularity of Microsoft-backed OpenAI’s ChatGPT this year has prompted calls for regulation amid concerns around the world about the possible use of the…
By Greg Bensinger (Reuters) – Apple Inc and Alphabet Inc have raised concerns with Amazon.com Inc after learning that sexually explicit photographs could be accessed by children on the popular Kindle app and called on Amazon to strengthen its content moderation. The warnings were sparked by questions posed by Reuters to spokespeople at the three…
By Susanna Twidale, Valerie Volcovici, Simon Jessop and Peter Henderson (Reuters) -The world is failing to cut carbon emissions fast enough to avoid disastrous climate change, a dawning truth that is giving life to a technology that for years has been marginal – pulling carbon dioxide from the air. Leading the charge, the U.S. government…
By Ann Saphir (Reuters) – The boards of directors at the Cleveland, St. Louis and Minneapolis Federal Reserve banks had wanted a half-point interest-rate hike before the mid-March collapse of two regional U.S. banks, minutes of the Fed’s discount rate meetings showed on Tuesday Their votes for an increase in the discount rate – what…
By Chris Prentice and Hannah Lang NEW YORK (Reuters) -Robo-adviser Betterment LLC has agreed to pay $9 million to settle U.S. Securities and Exchange Commission charges related to misstatements, as well as disclosure and record-keeping failures. Betterment misstated or omitted facts when communicating with clients about its automated tax loss harvesting service from 2016 to…
By Davide Barbuscia NEW YORK (Reuters) -The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, raising the prospect of a short-term debt limit extension, analysts said on Tuesday. Goldman Sachs analysts said weak tax collections so far in April indicate a higher probability that the so-called “X-date,” when…
By Manya Saini and Saeed Azhar (Reuters) – Bank of America Corp’s first-quarter profit beat analysts’ estimates as it collected hefty interest payments from customers and its bond traders had their best quarter in a decade. Rival banking giants JPMorgan Chase & Co and Citigroup Inc also reaped windfalls from higher interest payments in the…
By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) -The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of U.S. crypto exchange Coinbase Global Inc, Brian Armstrong, said on Tuesday. The failure last year of the Bahamas-based FTX exchange has highlighted…
