Visa discloses further demands from US DoJ over ongoing anti-trust probe
(Reuters) – Visa disclosed on Wednesday it had received demands from the U.S. Department of Justice for additional documents and…
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Universal Music earnings boosted by strong sales
(Reuters) -The world’s largest record label Universal Music Group on Wednesday posted a better than expected second quarter core profit…
Big Tech under pressure as Microsoft results put AI costs in spotlight
By Shreyashi Sanyal and Amruta Khandekar (Reuters) – A number of U.S. big tech companies fell on Wednesday as Microsoft’s…
General Dynamics raises revenue outlook on private jet, military equipment demand
(Reuters) -General Dynamics on Wednesday lifted its annual revenue forecast as demand for business jets and military equipment stays resilient,…
IMF warns Italy on debt, delays in post-COVID recovery plan
ROME (Reuters) – Italian policies that slow public debt reduction or delay receiving European pandemic recovery funds could make it…
US willing to take ‘targeted’ actions against China for national security, Treasury official says
WASHINGTON (Reuters) – U.S. Treasury Undersecretary Jay Shambaugh said on Wednesday the Biden administration will not hesitate to take targeted…
Exclusive-Biden taps ex-Maryland Governor O’Malley to run Social Security agency
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden has picked former Maryland Governor Martin O’Malley to lead the…
US plans water heater standards, says they will save consumers $11 billion
(This July 21 story has been corrected to say the proposed standards are not technologically feasible for some Rinnai products,…
White House launches methane emission task force to boost leak detection
By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration on Wednesday launched a Cabinet-level task force that will corral federal…
UK budget watchdog warned ex-finance minister Kwarteng about soaring borrowing
By Andy Bruce LONDON (Reuters) -Britain’s former finance minister Kwasi Kwarteng held back official warnings that borrowing was on course…