WASHINGTON (Reuters) – The U.S. State Department on Thursday said Kosovo and Serbia must both take immediate steps to de-escalate tensions, which includes the unconditional release of three Kosovo police officers detained by Serbia. “We believe that Kosovo and Serbia must both take immediate steps to de-escalate tensions,” State Department spokesperson Matthew Miller told reporters….
By Paul Lienert (Reuters) -New vehicle demand from U.S. retail and commercial customers is outpacing expectations, two top Detroit auto executives said on Thursday. Their positive comments underscored an upbeat report by the U.S. Commerce Department that showed U.S. retail sales unexpectedly rose in May as consumers bought more motor vehicles and a range of…
ROME (Reuters) – Italy’s Prime Minister Giorgia Meloni met with Tesla CEO Elon Musk in Rome later on Thursday, a government source said, after holding brief talks with Foreign Minister Antonio Tajani in the morning. Talks between Meloni and Musk focused on the low birth rate in Italy, the issue of deregulation in the European…
By David Morgan WASHINGTON (Reuters) – Republicans in the U.S House of Representatives on Thursday adopted government spending targets for the next fiscal year below the level agreed by Speaker Kevin McCarthy and Democratic President Joe Biden, setting up a fight with the Democratic-led Senate that could again risk a government shutdown. The House Appropriations…
WASHINGTON (Reuters) – National security advisers for the United States, Japan and South Korea on Thursday discussed maintaining stability in the Taiwan Strait and coordination over the East China and South China Seas, the White House said in a statement. The White House’s Jake Sullivan, along with his counterparts at a trilateral meeting in Tokyo,…
By Saeed Azhar NEW YORK (Reuters) -Bank of America Corp on Thursday said it has committed more than $500 million in equity investments to funds led by minority and women entrepreneurs, more than doubling from its initial commitment of $200 million. The bank has committed equity to more than 150 funds, which to date…
By Ross Kerber (Reuters) – A U.S. congressional leader on Wednesday issued a subpoena seeking information from climate activists over antitrust issues, joining other Republicans who have criticized companies’ growing concern for environmental, social and governance (ESG) matters. Jim Jordan, chair of the House Judiciary Committee, wrote in a letter to a lawyer for Boston-based…
By Howard Schneider WASHINGTON (Reuters) – The outlook from U.S. Federal Reserve officials at their meeting this week sees interest rate cuts beginning next year, relief, it would seem, from the ratcheting up of borrowing costs that has been underway since the spring of 2022 and left consumers and businesses grousing about their mortgages and…
(Reuters) – ChatGPT will soon hit the road. Mercedes-Benz on Thursday said U.S. drivers could power some of their luxury vehicles with ChatGPT in a test program starting June 16. Compatible with some 900,000 vehicles that have the automaker’s “MBUX” systems, ChatGPT will download over the air after drivers opt in via a Mercedes app…
By Julie Zhu, Kane Wu and Selena Li HONG KONG (Reuters) -Goldman Sachs Group is cutting more than 30 banking jobs in Asia, two sources with knowledge of the matter said, as a challenging markets environment weighs on Wall Street banks’ dealmaking and trading revenues. The reduction in regional jobs, most of which are in…
