PARIS (Reuters) – The European Central Bank (ECB) is increasingly confident that it is winning the fight against inflation, which makes an interest rate cut in June very likely, ECB policymaker Francois Villeroy de Galhau said on Saturday. The ECB held rates at a record high last week but signalled it could start cutting them…
By Anirban Sen (Reuters) -Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector. A deal could be announced soon, said the source, who requested anonymity as the discussions are confidential. The…
BEIJING (Reuters) – Floods, droughts, an earthquake and freezing conditions in China caused direct economic losses of 23.76 billion yuan ($3.28 billion) in the first quarter, the government said on Saturday. The emergency management ministry cited damage from several cold spells, a 7.1 magnitude earthquake in the northwestern region of Xinjiang, landslides in Yunnan province…
SEOUL (Reuters) – China’s top legislator, Zhao Leji, said it is Beijing’s consistent strategic policy to defend and develop friendly relations between China and North Korea, North Korean state media KCNA said on Saturday. Zhao, who is also the third ranked official of China’s Communist Party, met with North Korean counterpart Choe Ryong Hae and…
By Mike Scarcella (Reuters) -“Fortnite” video game maker Epic Games has urged a federal judge in California to force Google to open up its Play Store to greater competition after a jury found the U.S. tech giant had abused its power as a gatekeeper for apps on the Android mobile platform. Epic made its proposal…
(Reuters) -Apple is nearing the production of M4 computer processors which would have AI processing capabilities and plans to update every Mac model with it, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The company is aiming to release the updated computers late this year and early next year, and they…
By Raphael Satter WASHINGTON (Reuters) -The U.S. Cybersecurity and Infrastructure Security Agency said Russian government-backed hackers have used their access to Microsoft’s email system to steal correspondence between officials and the tech giant, an emergency directive by the U.S. watchdog released on Thursday showed. In the directive dated April 2, the agency warned that hackers…
By David Shepardson WASHINGTON (Reuters) -Major U.S. airlines and aviation unions on Thursday urged the Biden administration to pause approvals of additional flights between China and the United States, citing ongoing “anti-competitive policies of the Chinese government.” In February, the U.S. Transportation Department said Chinese passenger airlines could boost weekly round-trip U.S. flights to 50…
-Ford Motor cut prices of some variants of its F-150 Lightning electric pickup truck by as much as $5,500, the Detroit automaker said on Thursday, as it navigates a competitive EV market. Demand for EVs has been volatile, prompting automakers to focus on hybrid vehicles instead as consumers prefer the flexibility offered from dual powertrains….
NEW YORK (Reuters) – U.S. electricity and gasoline prices increased sharply in March, with electricity up 0.9% and gasoline up 1.7%, leading the energy sector to far outpace broader inflation for the month, according to Bureau of Labor Statistics data released on Wednesday. Energy prices, which include electricity, gasoline, fuel oil and other power and…
