By Tim Hepher PARIS (Reuters) -Airbus is not looking to launch a stretched version of its A220 jetliner in the current environment, the planemaker said on Wednesday, effectively knocking down speculation of a launch at the upcoming Paris Airshow. A larger version of the 110-130-seat small passenger plane has been on the horizon for some…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The central banks of South Korea and Indonesia announce interest rate decisions on Thursday, against a backdrop of growing nervousness across world markets that the U.S. could be sleepwalking to an unprecedented and catastrophic default. Bank of Korea…
By David Shepardson WASHINGTON (Reuters) -Chrysler-parent Stellantis said on Wednesday it may limit shipments of gasoline-powered vehicles to dealers in states that have adopted California’s strict emissions rules. In a communication to dealers seen by Reuters, the Italian-American automaker said to meet the California emissions rules “we may be compelled to allocate fewer conventional gasoline…
(Reuters) – Verizon Communications Inc held a meeting with customer service employees to notify them of upcoming “restructuring” and “streamlining” measures that are all but certain to result in significant layoffs, the Verge reported on Wednesday. More than 6,000 employees were present on Wednesday’s call, the report said, adding that the consolidation measures could end…
By Aishwarya Nair (Reuters) – A failure to break the deadlock on raising the U.S. debt ceiling before the deadline could pose a challenge to capital-intensive businesses such as industrial suppliers, a body representing construction and farm equipment makers said. The U.S. government could fall behind on its bills next month, and even default on…
By Fergal Smith (Reuters) – Canada’s main stock market fell to its lowest closing level in nearly two months on Wednesday as two major banks reported quarterly earnings that missed analysts’ estimates and U.S. debt deal uncertainty weighed on investor sentiment. The Toronto Stock Exchange’s S&P/TSX composite index ended down 218.32 points, or 1.1%, at…
LONDON (Reuters) -Microsoft filed an appeal on Wednesday of Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard, a company spokesperson said. The Competition and Markets Authority (CMA), Britain’s antitrust regulator, vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming market. Microsoft lodged…
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact involving European and non-European companies before rules are established to govern the technology, EU industry chief Thierry Breton said on Wednesday. Breton earlier met Sundar Pichai, CEO of Google and its parent company Alphabet, in…
LONDON (Reuters) – OpenAI CEO Sam Altman said on Wednesday the ChatGPT maker might consider leaving Europe if it could not comply with the upcoming artificial intelligence (AI) regulations by the European Union. The EU is working on what could be the first set of rules globally to govern AI. As part of the draft,…
SEOUL (Reuters) – South Korea’s producer prices rose in April at the slowest pace in 27 months, as agricultural and utility prices fell, central bank data showed on Thursday. The Producer Price Index stood 1.6% higher in April than the same month a year before, slower than the 3.3% rise in March, according to the…
