By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible economic consequences from the government’s plan to overhaul the judiciary as well as higher credit costs from a steep rise in interest rates. In its semi-annual report on financial stability,…
By Nette Noestlinger, Matthias Baehr and Elizabeth Howcroft LONDON (Reuters) – Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters. Co-founded by OpenAI CEO Sam Altman, Worldcoin launched last…
JERUSALEM (Reuters) – More than 2,000 Palestinian Americans have traveled into or through Israel since it eased conditions for them at border crossings as part of a bid to achieve a visa waiver deal with the United States, an Israeli official said on Wednesday. Ahead of a Sept. 30 deadline to qualify its citizens for…
By Kailyn Rhone (Reuters) – From robotic grills to faster blenders with custom ice and milk dispensers, major U.S. restaurant chains including Starbucks, Domino’s, and Chipotle are touting new technologies to automate production, cut labor costs and potentially boost profit margins. Starbucks said it plans to roll out a coffee-making machine, the Siren System, in…
By Jack Queen and Sarah N. Lynch (Reuters) – A law enacted in the aftermath of the U.S. Civil War to protect the rights of Black people factors into the charges brought against former President Donald Trump on Tuesday in a federal election interference case. Trump, the front-runner for the 2024 Republican nomination, was charged…
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) on Wednesday said its comprehensive investigation into Southwest Airlines’ December meltdown is ongoing. Southwest canceled 16,700 flights impacting more than 2 million passengers after its crew scheduling software failed to handle staffing changes. The department first disclosed in January it was reviewing whether Southwest executives…
By Davide Barbuscia NEW YORK (Reuters) -Fitch downgraded the U.S. credit rating due to fiscal concerns, a deterioration in U.S governance, as well as political polarization reflected partly by the Jan. 6 insurrection, Richard Francis, a senior director at Fitch Ratings, told Reuters on Wednesday. In a move that took investors by surprise, Fitch downgraded…
By Blake Brittain (Reuters) -British biopharmaceutical giant GSK sued Pfizer in a U.S. court on Wednesday, alleging that Pfizer’s respiratory syncytial virus (RSV) vaccine Abrysvo violates GSK’s patent rights in its rival RSV shot Arexvy. In the lawsuit brought in federal court in Delaware, GSK said New York-based Pfizer’s vaccine infringes four of its patents…
(Reuters) – Global firms from consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar have warned of slowing earnings in China as the world’s second-largest economy loses its post-pandemic bounce. The rebound has been limited to a handful of sectors such as travel, dining and luxury goods, driving double-digit China sales growth for…
(Reuters) – Creditors led by Apollo Global Management Inc are nearing a deal to provide Yellow Corp with fresh cash during a coming bankruptcy, Bloomberg News reported, citing people familiar with the matter. Shares of Yellow were up 78% at $3.14 in afternoon trade. The U.S. asset manager, which owns most of one of Yellow’s…
