By Michael S. Derby (Reuters) – A couple of regional Federal Reserve presidents recently have signaled an openness to examining whether 2% is the right setting for the U.S. central bank’s inflation target, although the bar for change is high and any debate is well down the road. “Could we revisit that? Sure. But we…
WASHINGTON (Reuters) -U.S. President Joe Biden has nominated Air Force Lieutenant General Timothy Haugh to head both the National Security Agency (NSA) and U.S. Cyber Command, a U.S. official said on Tuesday. The official confirmed a Politico report that cited an Air Force notice sent out Monday. Haugh is now the deputy commander of the…
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union and the United States are set to step up cooperation on artificial intelligence with a view to establishing minimum standards before legislation enters force, the EU’s tech chief Margrethe Vestager said on Tuesday. The European Union’s AI Act could be the world’s first comprehensive legislation governing…
By Andrew Osborn (Reuters) – One of Russia’s top spy chiefs on Wednesday said the West had sown the seeds of its own destruction by turning away from what he called its core traditions and told it to “go to the devil” and stop interfering in global affairs. In remarks at a security forum outside…
By Luc Cohen NEW YORK (Reuters) – A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases. Christy Goldsmith Romero, one of five commissioners at the Commodity Futures Trading Commission (CFTC), said cryptocurrency cases account…
By Foo Yun Chee BRUSSELS (Reuters) – Meta Platforms suffered a setback on Wednesday as Europe’s second-top court ruled as legitimate the EU antitrust watchdog’s requests for information related to its investigation into Facebook’s data and online marketplace. A spokesperson for the U.S. tech giant, which had compared the European Commission to a fishing super…
By Andrew Mills DOHA (Reuters) -The managing director of the International Monetary Fund (IMF) Kristalina Georgieva said on Wednesday she was confident the United States would avoid a debt default. The U.S. government could fall behind on its bills next month – and even default on its debt – if Congress doesn’t raise a $31.4…
By Nell Mackenzie LONDON (Reuters) – Borrowing across the global hedge fund industry has hit record highs, Goldman Sachs said in a note to clients on Wednesday, as rising interest rates make it cheaper for speculators to borrow stock and bet on movements in company stock prices. But hedge funds overall remain undecided on the…
By Andrew Hayley BEIJING (Reuters) -Russia’s prime minister signed a set of agreements with China on Wednesday during a trip to Beijing, describing bilateral ties at an unprecedented high, despite criticism of their relationship in the West as the war in Ukraine drags on. Prime Minister Mikhail Mishustin, the highest-ranking Russian official to visit Beijing…
WASHINGTON (Reuters) – The U.S. State Department on Monday said Russia’s Wagner Group is trying to obscure its efforts to acquire military equipment for use in Ukraine, adding that Washington has been informed the mercenary force is seeking to move those acquisitions through Mali to aid Russia in its war. Wagner is willing to use…
