TOKYO (Reuters) – Group of Seven leaders on Saturday agreed to a new initiative to counter economic coercion, and pledged action to ensure that any actors attempting to weaponise economic dependence would fail and face consequences. The initiative, dubbed Coordination Platform on Economic Coercion, will use early warning and rapid information sharing on economic coercion…
(Corrects headline to add “mln”) WASHINGTON (Reuters) – U.S. President Joe Biden will announce a $375 million military aid package for Ukraine while in Hiroshima, Japan, where he is attending the 2023 G7 Summit of world leaders, a U.S. official said on Friday. The official, speaking on condition of anonymity, said the package will include…
WASHINGTON (Reuters) -The head of an intelligence unit of the Washington, D.C., police department faces criminal charges after allegedly warning the leader of the far-right Proud Boys group about an arrest warrant and leaking other law enforcement information, an indictment released on Friday showed. Metropolitan Police Department Lieutenant Shane Lamond gave Proud Boys leader Enrique…
By Diane Bartz and David Shepardson WASHINGTON (Reuters) -American Airlines Group must end its alliance with JetBlue Airways Corp, a federal judge ruled on Friday, agreeing with the U.S. Justice Department that the arrangement means higher prices for consumers and ordering the companies to part ways within 30 days. The decision represented a victory for…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed out the trading week on a soft note on Friday as early gains dissipated after U.S. debt ceiling negotiations in Washington were paused, denting optimism a deal could be reached in coming days to dodge a default. Stocks had rallied over the past two sessions…
By Erwin Seba HOUSTON (Reuters) -An attorney representing the family of a 55-year-old Marathon Petroleum refinery worker killed in a fire at the Texas facility this week called the plant where he worked “dangerous” on Friday. Scott Higgins died in a fire when a seal on a pump, near where he was performing maintenance at…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower and the dollar lost ground on Friday as negotiations to raise the U.S. debt ceiling were put on hold, jarring market participants as they headed into the weekend and the United States moved closer to the deadline to avoid default. While all three major…
By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking Microsoft’s rivals what kind of customer data they are required to provide to the U.S. tech giant as part of their Azure cloud contracts, six months after a trade group complained about its cloud computing practices. Cloud Infrastructure Services Providers in Europe (CISPE),…
By Lewis Krauskopf NEW YORK (Reuters) – Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. They are also providing a big boost to the stock market. The S&P 500’s 9% rally this year has been driven by a handful of the index’s biggest stocks,…
By Zeba Siddiqui SAN FRANCISCO (Reuters) – A U.S. court found that the FBI improperly searched for information in a U.S. database of foreign intelligence 278,000 times over several years, including on Americans suspected of crimes, according to a ruling released on Friday. The decision by the Foreign Intelligence Surveillance Court was released by the…
