By Ismail Shakil OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Tuesday said Meta Platforms Inc’s opposition to proposed legislation that would compel payment by its Facebook unit and other internet companies for journalistic content was based on a flawed argument that news has no economic value. Speaking to a parliamentary committee about the…
WASHINGTON (Reuters) – Boeing Co deliveries fell to 26 airplanes in April, less than half of the previous month’s total, after a manufacturing defect forced the company to halt some shipments of its bestselling 737 MAX passenger jet. Deliveries of the MAX, which had climbed to 52 narrowbody jets in March, dropped to 17 planes…
WASHINGTON (Reuters) – Republican U.S. House of Representatives Speaker Kevin McCarthy said on Tuesday he opposes the idea of extending the nation’s debt-ceiling through the end of the fiscal year on Sept. 30, ahead of an afternoon meeting with Democratic President Joe Biden. Asked by reporters whether he would support such a move to help…
WASHINGTON (Reuters) – Dozens of Democratic lawmakers on Monday called on the Biden administration to consider the climate and environmental justice impacts of the expansion of the liquefied natural gas (LNG) industry. The 44 lawmakers, including Senators Jeffrey Merkley, Edward Markey and Representatives Jared Huffman and Raul Grijalva, urged the Council on Environmental Quality, a…
By Tatiana Bautzer NEW YORK (Reuters) – Investment bankers working on mergers, acquisitions or equity offerings are expected to have their bonuses cut by the biggest proportion on Wall Street this year, compensation consultants Johnson Associates said in a report on Tuesday.As deals dry up, bonuses for investment bankers are forecast to shrink 10% to…
(Reuters) – Americans’ confidence in Federal Reserve Chair Jerome Powell’s economic stewardship has skidded to the lowest of any recent U.S. central bank head, according to a Gallup poll released Tuesday that also showed broad doubts about the country’s economic leadership overall. Just 36% of respondents to a Gallup poll taken last month said they…
By Julia Harte NEW YORK (Reuters) – A fierce debate among New Yorkers over whether a former U.S. Marine was justified in choking an agitated homeless man to death on a subway car last week has renewed focus on a perennial question: Just how bad is crime in the nation’s biggest city? Following the killing,…
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) -Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and resilient demand for its high-end and affordable fragrances and cosmetics. The company also crushed estimates for quarterly earnings, as improving supplies of…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. small business confidence fell to more than a 10-year low in April on worries about the near-term economic outlook and persistent worker shortages, but there were few signs that businesses were having difficulties accessing credit. The National Federation of Independent Business (NFIB) said on Tuesday its Small Business Optimism…
WASHINGTON (Reuters) – Japan is working towards the opening of a NATO liaison office in Tokyo, Japan’s ambassador to the U.S. Koji Tomita said on Tuesday. Tomita made the comment at an event hosted by the National Press Club in Washington when asked about a report in the Nikkei Asia this month saying that the…
