WASHINGTON (Reuters) -The U.S. Senate Judiciary Committee on Thursday approved a bill that would bar tech giants like Amazon.com Inc and Alphabet Inc’s Google from giving preference to their own businesses on their websites. The biggest technology companies, including Meta Platforms Inc’s Facebook and Apple Inc , have been under pressure in Congress because of…
BERLIN (AP) — U.S. Secretary of State Antony Blinken said Thursday that talks with Iran over its nuclear program are at a “decisive moment,” and warned that Washington and its allies may change tactics if a deal isn’t reached in the coming weeks. Blinken said that the longer Iran fails to comply with the 2015…
By Clare Jim and Marc Jones HONG KONG/LONDON (Reuters) – A key group of China Evergrande’s international creditors said on Thursday they were ready to take “all necessary actions” to defend their rights if the property developer did not show more urgency to resolve a default. Evergrande is the world’s most indebted property company, with…
It has been a volatile start to 2022. The pivot by the Federal Reserve from an easing to tightening policy has been a key reason behind the market gyrations. Investors are changing their game plan, moving from high-growth tech names into cyclicals that can perform better in a rising rate environment. This rotation is creating…
(Reuters) – U.S. Trade Representative Katherine Tai said on Thursday that global trade policy makers should not try to recreate the pre-pandemic trading system but should build one that is more resilient, sustainable and supportive of higher living standards. Speaking in a virtual panel of the World Economic Forum, Tai cautioned against a backward-looking “return…
WASHINGTON (AP) — The U.S. Treasury Department levied new sanctions Thursday against four Ukrainian officials, including two current members of parliament who administration officials say are part of a Russian influence effort to set the pretext for further invasion of Ukraine. The sanctions name parliament members Taras Kozak and Oleh Voloshyn and two former government…
By Arriana McLymore NEW YORK, NY (Reuters) – Walmart’s top e-commerce executive Casey Carl is leaving the company at the end of February after nearly two years, the company said in an internal memo. Carl will be replaced by Tom Ward, Walmart’s senior vice president of last mile deliveries. Ward’s new title will be executive…
By Stephen Culp NEW YORK (Reuters) – The dollar pared earlier gains on Thursday as this week’s upward trajectory of in U.S. Treasury yields took a breather. The greenback edged lower after weekly applications for unemployment insurance unexpectedly jumped to a three-month high. A separate report showed that sales of pre-owned U.S. homes dropped by…
JAKARTA, Indonesia (AP) — Indonesia’s leader said Thursday that his country, which holds the presidency of the Group of 20 biggest economies this year, wants to strengthen global partnership and inclusiveness to aid the economic recovery amid a resurging COVID-19 pandemic. In an online address to the World Economic Forum, Indonesian President Joko Widodo committed…
WASHINGTON (AP) — Sales of previously occupied homes fell in December for the first time in four months as many would-be buyers were frustrated by a lack of available houses, which fell to the lowest level in more than two decades. Existing home sales dropped 4.6% last month from November, to a seasonally adjusted annual…
