By Diane Bartz WASHINGTON (Reuters) – U.S. senators, alarmed by the malevolent potential of artificial intelligence, will summon developers, executives and experts for hearings later this year on possible legislative safeguards, Senate Majority Leader Chuck Schumer said on Thursday. There is “real bipartisan interest in AI, which will be necessary if we want to make…
By Timothy Gardner WASHINGTON (Reuters) – The Department of Energy said on Thursday it is accepting applications from states and territories for $8.5 billion in rebate programs for upgrades in U.S. homes that aim to lower energy bills and increase energy efficiency. The rebates for items including insulation, heat pumps, and efficient appliances will be…
By Scott DiSavino (Reuters) – U.S. power prices rose to their highest in months in a couple of markets as homes and businesses cranked up their air conditioners to escape a brutal heatwave blanketing much of the country this week, stressing electric grids. Extreme weather reminds consumers of the fatal freeze in February 2021 that…
By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) -French luxury group Kering, which is struggling to revive sales at its star brand Gucci, said on Thursday it was buying a 30% stake in Italian fashion label Valentino from Qatari investment fund Mayhoola for 1.7 billion euros ($1.87 billion) in cash. The agreement includes an option…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday pushed back against accusations that the armed forces had hindered an investigation into the 2014 disappearance of 43 student teachers, but vowed to find out what had happened to the youths. Lopez Obrador took office in 2018 promising to clear up the notorious…
By John Irish PARIS (Reuters) – France on Thursday called for the release and restoration of Niger President Mohamed Bazoum after what it said was a “power grab” in a country vital to its remaining military interests in the Sahel region. In recent months France has been forced to redefine the country’s strategy to fight…
By Andrew Chung (Reuters) – Epic Games on Thursday asked the U.S. Supreme Court to allow a lower court ruling to take effect against Apple Inc that could force the iPhone maker to change payment practices in its App Store. Epic, maker of the popular video game “Fortnite,” filed a request asking the nation’s highest…
By Luc Cohen NEW YORK (Reuters) – The decision by U.S. prosecutors on Wednesday to drop a campaign finance charge against Sam Bankman-Fried may keep his trial focused on what the government considers his main crime: stealing billions of dollars from cryptocurrency customers at his now-bankrupt FTX exchange. Bankman-Fried, 31, is fighting to stay out…
By Laura Sanicola (Reuters) -Oil settled higher Thursday, with Brent crude topping $84 a barrel for the first time since April, supported by supply tightness following OPEC+ production cuts and renewed bullishness on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains on an expected tightening of supply because…
WASHINGTON (Reuters) -U.S. regulators unveiled a sweeping overhaul Thursday that would direct banks to set aside billions more in capital to guard against risk. If fully implemented, the proposal would raise capital requirements for large banks by an aggregate 16% from current levels, with the brunt felt by the largest and most complex firms, regulators…
