(Reuters) – NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, has been sued by its 3,000-member pilots union for allegedly interfering with its communications with aircraft owners and customers about contract negotiations. In a lawsuit filed on Monday, the NetJets Association of Shared Aircraft Pilots objected to a March 8 email…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The safe-haven dollar and yen rose on Tuesday as market sentiment turned risk-averse amid renewed worries about the banking sector and the outlook for the global economy, which knocked the euro off a nearly 10-month high. The U.S. dollar index climbed 0.6% to 101.83, having dropped more than…
By Leah Douglas (Reuters) – Nearly one million Americans could find it harder to access federal food aid under a Republican proposal to expand the program’s work requirements, according to the Biden administration, which has promised to veto the plan if it passes Congress. The expanded work requirements for the Supplemental Nutrition Assistance Program (SNAP)…
By Chris Prentice (Reuters) – U.S. officials on Tuesday warned financial firms and others that use of artificial intelligence (AI) can heighten the risk of bias and civil rights violations, and signaled they are policing marketplaces for such discrimination. Increased reliance on automated systems in sectors including lending, employment and housing threatens to exacerbate discrimination…
By Foo Yun Chee BRUSSELS (Reuters) -Five Alphabet subsidiaries, two Meta Platforms units, two Microsoft businesses, Twitter and Alibaba’s AliExpress are among 19 companies subject to landmark EU online content rules, EU industry chief Thierry Breton said on Tuesday. The rules known as the Digital Services Act (DSA) require the companies to do risk management,…
By Nichola Groom (Reuters) – President Joe Biden’s administration on Tuesday said it had finalized an area of nearly 10 million acres in the Gulf of Maine for potential offshore wind development, a major step toward expanding the industry into northern New England. The announcement was the latest milestone in the government’s plan to put…
MOSCOW (Reuters) – Muscovites reacted with indifference to U.S. President Joe Biden’s announcement on Tuesday that he would seek reelection in 2024, with some questioning whether he was too old for the bid. Biden is the oldest person to have occupied the White House and would be 86 at the end of a second four-year…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence dropped to a nine-month low in April as worries about the future mounted, further heightening the risk that the economy could fall into recession this year. The consumer confidence survey from the Conference Board on Tuesday also suggested that Americans were getting ready to hunker down…
By Saeed Azhar NEW YORK (Reuters) – First Republic Bank’s strategic options are “very challenging” because any potential sale is unlikely without the lender taking big writedowns on its mortgage loan book and securities portfolio, analysts at Fitch Ratings said on Tuesday. “If someone were to acquire them … there’s going to be some big…
By Lisa Pauline Mattackal (Reuters) – What do you get when you cross cryptocurrencies with artificial intelligence? A seemingly sentient bitcoin that codes itself in the style of Japanese haikus? Alas not, though you do get billions of dollars of trading in a new class of crypto tokens. The machine mania sweeping the tech world…
