By Elizabeth Howcroft, Anton Bridge and Medha Singh LONDON/TOKYO/BENGALURU (Reuters) – People around the world are getting their eyeballs scanned in exchange for a digital ID and the promise of free cryptocurrency, shrugging off concerns among privacy campaigners and data regulators. Founded by Sam Altman, the CEO of ChatGPT developer OpenAI, the Worldcoin project says…
By Maiya Keidan (Reuters) – Private equity firms should stay consistent in deploying capital even when facing a more challenging backdrop for dealmaking, KKR & Co’s co-head of global private equity, Pete Stavros, said on Tuesday. The landscape is littered with people who try to call the market but no one is smart enough to…
By Andrew Hay (Reuters) – The U.S. Forest Service said it started another New Mexico wildfire in 2022, bringing to three the number of blazes it sparked in the drought-hit state last year, including the largest in the contiguous United States. The Cerro Pelado Fire began in April 2022 near Los Alamos when strong winds…
By Samrhitha A (Reuters) -Verizon beat quarterly profit estimates on Tuesday on the back of lower costs and a surprise rise in wireless subscribers as efforts to grow its enterprise customer base and super-fast 5G network paid off. The No. 1 U.S. telecom firm by subscribers also announced it was doing its own tests on…
By Gram Slattery WASHINGTON (Reuters) – Ron DeSantis’ presidential campaign said on Tuesday it had let go of 38 employees in recent weeks, or over one-third of the campaign’s staff, as the Florida governor seeks to cut spending and rally his flagging electoral fortunes. DeSantis, who is vying for the 2024 Republican presidential nomination, is…
WASHINGTON (Reuters) -U.S. President Joe Biden’s administration will cancel $130 million in debt for 7,400 student borrowers who enrolled at the now-defunct CollegeAmerica in Colorado from 2006 through July 1, 2020, the Education Department said. CollegeAmerica, a private institution, shut down in September 2020 after an investigation by Colorado’s attorney general found it made widespread…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence increased to a two-year high in July amid a persistently tight labor market and receding inflation, bolstering the economy’s prospects in the near term. But the economy is not out of the woods, with the survey from the Conference Board on Tuesday offering mixed signals. Consumers…
By Steven Scheer JERUSALEM (Reuters) – Moody’s Investors Service said on Tuesday that passage of a new law in Israel limiting some Supreme Court powers signalled that political tensions will continue and likely have negative consequences for Israel’s s economy and security situation. “We believe the wide-ranging nature of the government’s proposals could materially weaken…
By Tim Hepher and Mathieu Rosemain PARIS (Reuters) – France’s Thales said on Tuesday it would buy U.S. cybersecurity company Imperva in a deal worth $3.6 billion as it steps up expansion outside its historic defence business in the war against bots and hackers. Thales’ move signals the group is ready to spend large sums…
By Joseph White and Paul Lienert DETROIT (Reuters) -General Motors is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted pre-tax profit and margins in its key North American market fell from the first quarter, despite a jump in revenue and per-vehicle transaction prices. Shares were down 4.4%…
