PARIS (Reuters) – French aero engine maker Safran said on Monday it was s in discussions with U.S. aerospace company Raytheon Technologies for the potential acquisition of certain flight control and actuation activities, confirming earlier media reports. “At this stage, it is not possible to evaluate the chances of reaching any agreement, nor is it…
By Angus Berwick (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday accused the world’s largest crypto exchange, Binance, and its founder Changpeng Zhao, of operating an “elaborate scheme to evade U.S. federal securities laws.” The SEC charged Binance and Zhao with 13 offences, including operating an unregistered securities exchange and failing to…
By Tim Reid (Reuters) – Cornel West, a progressive political activist and philosopher, announced on Monday that he is launching a third-party 2024 bid for the U.S. presidency. West said on Twitter that he was running for the White House with the small, leftist People’s Party, “fighting to end poverty, mass incarceration, ending wars and…
By Rachael Levy, Krystal Hu and Marisa Taylor (Reuters) – Elon Musk’s brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter….
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Monday agreed to consider whether a California attorney’s federal trademark for the phrase “Trump Too Small” – a cheeky criticism of former President Donald Trump – should have been granted. The justices took up an appeal by the U.S. Trademark Office of a lower court’s…
By Marc Jones LONDON (Reuters) -Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future. The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking…
By Doyinsola Oladipo and Bianca Flowers NEW YORK (Reuters) – U.S. hotel executives say they are betting on brands that specialize in extended stays for travelers, viewing those projects as less risky given the struggle developers face in securing financing for new construction. Hotel room supply in the United States is currently at multi-year lows,…
(Reuters) – Canadian insurer Fairfax Financial Partners said on Monday it had agreed to buy a huge chunk of PacWest Bancorp real estate loans from property investment firm Kennedy-Wilson Holdings Inc for $2.1 billion. PacWest had agreed last month to sell 74 real estate construction loans to Kennedy-Wilson for $2.4 billion and at a $200…
By Brendan O’Brien (Reuters) – The body of a man killed when an apartment building partially collapsed in Davenport, Iowa, was recovered from the rubble on Monday, bringing the death toll to three, the city’s police chief said. Crews found the body of Daniel Prien, 60, eight days after the center portion of the apartment…
By Pete Schroeder WASHINGTON (Reuters) – U.S. banks could face capital hikes of as much as 20% under new rules being prepared by U.S. regulators as part of a global effort to harmonize capital requirements, a person familiar with the matter said on Monday. U.S. regulators, led by the Federal Reserve, are expected to unveil…
