WASHINGTON (Reuters) – U.S. House of Representatives Homeland Security Committee has called on CrowdStrike CEO George Kurtz to testify about a recent massive global outage, the Washington Post reported on Monday, citing a letter by the congressional panel. CrowdStrike’s glitchy update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting internet…
Boeing officials vowed Wednesday to significantly increase airplane production and cash flow in the next few years as the company seeks to recover from two deadly crashes and years of mistakes in its airline and defense businesses. Boeing said it expects to boost revenue to $100 billion and generate $10 billion in annual cash flow…
WASHINGTON (Reuters) – Fierce economic sanctions imposed by the United States and its allies on Russia’s central bank and other key sources of wealth are likely to drive Russian inflation higher, cripple its purchasing power drive down investments , U.S. officials said on Monday as new sanctions took effect. Russia’s central bank has been trying…
WASHINGTON/PARIS (Reuters) – The U.S. Federal Aviation Administration said it has approved special conditions for the Airbus A321XLR after concerns were raised that a novel type of fuel tank could pose fire risks in its newest narrow-body jet. Rival planemaker Boeing told European regulators in 2021 the architecture of a fuel tank intended to increase…
By Dan Fastenberg (Reuters) – The sporty all-electric car from the Netherlands resembles a BMW coupe, but is unique: It captures more carbon than it emits. “Our end goal is to create a more sustainable future,” said Jens Lahaije, finance manager for TU/ecomotive, the Eindhoven University of Technology student team that created the car. Called…
SEOUL (Reuters) -South Korea’s President Yoon Suk-yeol granted a pardon for Samsung Electronics Vice Chairman Jay Y. Lee to help overcome a “national economic crisis”, South Korea’s Justice Ministry said on Friday. The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for bribery relating to his time…
By Anirban Sen (Reuters) -Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on Friday, in the latest sign of increased deal-making in the technology sector. A deal could be announced soon, said the source, who requested anonymity as the discussions are confidential. The…
(Reuters) – The Russian rouble opened stronger on Monday, firming past 74 against the dollar, helped by tax payments that companies are due to make this week and as the market looked ahead to a central bank rate decision on Friday. At 0726 GMT, the rouble was 2.2% stronger against the dollar at 73.80, hovering…
By Rod Nickel and Kavya Guduru (Reuters) -TC Energy Corp has submitted its plan to restart the Keystone pipeline to U.S. regulators, a source familiar with the matter said on Tuesday, nearly two weeks after the line ruptured in the worst oil spill in the United States in nine years. The 622,000 barrel-per-day (bpd) pipeline…
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) -Time is running out for Argentina to secure the next tranche of a $44 billion loan with the International Monetary Fund, which it could use to repay the fund older debt due in coming days. With both sides saying an agreement on policy steps required…
