By Julie Zhu HONG KONG (Reuters) -Bill Gates, Microsoft Corp’s co-founder, is set to meet Chinese President Xi Jinping on Friday during his visit to China, two people with knowledge of the matter said. The meeting will mark Xi’s first meeting with a foreign private entrepreneur in recent years. The people said the encounter may…
By Leah Douglas WASHINGTON (Reuters) – The U.S. Department of Agriculture will temporarily close a damaged laboratory building at its flagship Maryland research site, a spokesperson told Reuters, shortly after employees filed a federal complaint alleging unsafe work conditions there. Reuters exclusively reported on May 19 that employees at the Beltsville Agricultural Research Center (BARC),…
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday that while banks have strengthened their liquidity after the spring banking crisis, firms must remain on guard for looming risks. Michael Hsu, the acting head of the Office of the Comptroller of the Currency (OCC), said banks specifically need to re-examine…
(Reuters) – U.S. Treasury officials on Wednesday unveiled rules for how non-profits, tribes and governments can take advantage of subsidies in President Joe Biden’s new climate change law, expanding the incentives beyond big corporations. The Inflation Reduction Act (IRA) offers billions of dollars in tax credits to speed decarbonization of the U.S. economy. To encourage…
By Humeyra Pamuk WASHINGTON (Reuters) – The Biden administration will strive to step up cooperation with China to halt the flow of the synthetic opioid fentanyl into the United States, a U.S. counter-narcotics official said ahead of a visit by U.S. Secretary of State Antony Blinken to Beijing. Efforts could include negotiations with China over…
By Patricia Zengerle WASHINGTON (Reuters) – The top Republican on the U.S. Senate Foreign Relations Committee said on Wednesday he was blocking a $735 million arms sale to Hungary because its government has refused to approve Sweden’s bid to join NATO. “Given promises that were made to me and others last year that this vote…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said on Wednesday it is requiring that new passenger airplanes have a secondary barrier to the flight deck to prevent intrusions. The final rule, which was first proposed in July, requires aircraft manufacturers to install a second physical barrier on planes used in commercial passenger…
By David Shepardson WASHINGTON/LOS ANGELES (Reuters) – Acting U.S. Labor Secretary Julie Su remained in San Francisco on Wednesday for ongoing meetings with West Coast port employers and unions representing 22,0000 workers with the goal of moving contract talks toward a resolution, a Department of Labor official said. Workers at ports stretching from California to…
By Leah Douglas (Reuters) – The U.S. Department of Agriculture will take steps to better verify antibiotic-free labels on meat and poultry products after receiving petitions challenging its existing process for not being rigorous enough, the agency announced Wednesday. Consumer, food safety and environmental groups have long warned that the overuse of antibiotics in livestock…
By Stephen Nellis SAN FRANCISCO (Reuters) -Amazon Web Services, the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters. The remarks came during an AMD event where the chip company outlined its strategy for…
