Crypto industry’s lobbying drive will pay off in US elections, Ripple president says

By Elizabeth Howcroft and Hannah Lang AMSTERDAM/NEW YORK (Reuters) – The president of U.S. crypto firm Ripple is “optimistic” that a lobbying push by the crypto industry will yield results in this year’s U.S. elections, after her company helped the industry lead a record fundraising haul to back political candidates who are crypto-friendly. San Francisco-based…

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FAA will not allow Boeing to boost 737 MAX production yet

By David Shepardson WASHINGTON (Reuters) – U.S. regulators will not immediately allow Boeing to increase 737 MAX production as it addresses ongoing safety issues, the agency’s administrator said on Thursday, after a three-hour meeting with company officials, including outgoing CEO Dave Calhoun. The Federal Aviation Administration’s enhanced oversight of Boeing will continue in coming months,…

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Ukraine’s Zelenskiy dominates Asia security conference as China, Taiwan trade barbs

By Xinghui Kok and Fanny Potkin SINGAPORE (Reuters) – Ukrainian President Volodmyr Zelenskiy’s unscheduled appearance at Asia’s biggest security conference dominated proceedings on Sunday after China’s defence chief slammed “separatists” in Taiwan, drawing a sharp response from the government in Taipei. Dressed in his trademark olive green T-shirt, Zelenskiy addressed the last day of the…

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Nvidia set to overtake Apple as world’s second-most valuable company

By Medha Singh (Reuters) – Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades. The reliance of virtually all artificial intelligence applications such as OpenAI’s ChatGPT on Nvidia’s high-end chips has helped the…

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WeWork cleared to exit bankruptcy and slash $4 billion in debt

By Dietrich Knauth NEW YORK (Reuters) -A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company’s equity over to a group of lenders and real estate technology company Yardi Systems. U.S. Bankruptcy Judge John Sherwood approved WeWork’s…

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Billionaire investor Ackman considering backing Trump in US election, source says

By Carolina Mandl (Reuters) -Billionaire hedge fund manager Bill Ackman is considering endorsing Donald Trump as the former U.S. president seeks to return to the White House, a source familiar with the matter said. Ackman plans to announce which candidate he will endorse on the social media network X, the source said, confirming an earlier…

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Elon Musk could become policy adviser if Trump wins election, WSJ reports

WASHINGTON (Reuters) – Donald Trump is considering tapping billionaire Elon Musk as a policy adviser if the Republican presidential candidate reclaims the White House in November’s election, the Wall Street Journal reported on Wednesday, citing people familiar with the talks. The two have discussed ways for Musk, who runs the social media platform X as…

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