By Valerie Insinna WASHINGTON (Reuters) – Boeing Co is deploying experienced pilots to airlines that are training their employees to fly Boeing aircraft, as part of a wider push to reduce aviation safety risks after two 737 MAX crashes in 2018 and 2019. In 2022, a total of 125 so-called “flight operations representatives” worked with…
LONDON (Reuters) -Microsoft filed an appeal on Wednesday of Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard, a company spokesperson said. The Competition and Markets Authority (CMA), Britain’s antitrust regulator, vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming market. Microsoft lodged…
By Foo Yun Chee BRUSSELS (Reuters) – Alphabet and the European Commission aim to develop an artificial intelligence (AI) pact involving European and non-European companies before rules are established to govern the technology, EU industry chief Thierry Breton said on Wednesday. Breton earlier met Sundar Pichai, CEO of Google and its parent company Alphabet, in…
(Reuters) -The U.S. Federal Trade Commission (FTC) is probing whether Abbott Laboratories and other companies that make baby formula colluded in bidding on state contracts, according to a document posted on the agency’s website. The FTC is looking into whether the companies “engaged in collusion or coordination with any other market participant regarding the bidding,”…
LONDON (Reuters) – OpenAI CEO Sam Altman said on Wednesday the ChatGPT maker might consider leaving Europe if it could not comply with the upcoming artificial intelligence (AI) regulations by the European Union. The EU is working on what could be the first set of rules globally to govern AI. As part of the draft,…
By Herbert Lash NEW YORK (Reuters) -The dollar hit a fresh two-month high against a basket of peers on Wednesday, bolstered by recent signs of a resilient U.S. economy, while unease over U.S. debt ceiling talks kept investors moving to safe havens. The dollar is not seen posing an immediate risk, unlike certain Treasury securities,…
By Lawrence White and Koh Gui Qing LONDON/NEW YORK (Reuters) -World stocks dropped on Wednesday as U.S. debt ceiling talks dragged on without resolution, stoking a general malaise in markets that saw safe-haven assets such as the dollar hold around recent highs. But crude oil prices bucked the downtrend and kept rising, after a warning…
(Reuters) – First Solar Inc said on Wednesday it had filed a complaint against Toledo Solar in an Ohio district court over allegedly selling the company’s Asian-made panels as its own under “Made in the U.S.A” labels. The Arizona-based solar equipment maker said it was seeking an injunction to stop Toledo Solar from “falsely representing”…
(Reuters) – U.S. prosecutors are reviewing stock trading by some of First Republic Bank’s employees during the lender’s recent collapse, Bloomberg Law reported on Wednesday, citing people familiar with the matter. (Reporting by Manya Saini in Bengaluru; Editing by Anil D’Silva)
By Nivedita Balu (Reuters) – Bank of Montreal and Bank of Nova Scotia on Wednesday missed quarterly profit estimates as they faced higher expenses and set aside more rainy-day funds, sending their stocks lower. The results come as investor confidence in the markets crumbles in the face of a relentless rate-hiking cycle and a U.S….
