(Reuters) – Sunday is the 34th anniversary of China’s bloody crackdown on pro-democracy demonstrations in and around central Beijing’s Tiananmen Square, when Chinese troops opened fire on their own people. The event remains a taboo topic of discussion in mainland China and will not be officially commemorated by the ruling Communist Party or government. Here…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said Wednesday it is requiring airplane manufacturers to submit and disclose safety critical information to the agency — including changes to key flight control systems — during the certification process after two fatal Boeing 737 MAX crashes. The draft policy, which is open to public comment…
By David Shepardson WASHINGTON (Reuters) -The National Transportation Safety Board on Thursday urged federal and state officials to improve maintenance oversight for more than 10,000 U.S. bridges made of a specific type of steel, based on its review of a 2022 bridge collapse in Pittsburgh. The NTSB said officials should make sure any problems identified…
(Reuters) -Activist investor Elliott Management has sold almost all of its remaining shares in SoftBank Group Corp after previously investing as much as $2.5 billion, the Financial Times reported on Tuesday citing unnamed sources. Elliott had already cut back its stake as the shares appreciated, supported by a record buyback programme. The Japanese conglomerate’s portfolio…
(Reuters) – Turnout for Amazon.com Inc’s repeat union vote in Alabama decreased from last year, a labor group said on Wednesday, adding that it expects U.S. labor officials to begin tallying the result Thursday afternoon. About 39% of the 6,143 workers designated to receive mail ballots voted in the contest, according to the Retail, Wholesale…
By Ann Saphir (Reuters) – The boards of directors at the Cleveland, St. Louis and Minneapolis Federal Reserve banks had wanted a half-point interest-rate hike before the mid-March collapse of two regional U.S. banks, minutes of the Fed’s discount rate meetings showed on Tuesday Their votes for an increase in the discount rate – what…
By Andy Sullivan WASHINGTON (Reuters) – Americans are worried about the prospect of the U.S. government defaulting if Congress fails to raise the debt ceiling, but are divided over the action to be taken, according to a Reuters/Ipsos poll completed on Monday. The polls show neither Democratic President Joe Biden nor congressional Republicans hold a…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. The move is a big boost for a crypto sector tainted…
By Gopal Sharma KATHMANDU (Reuters) – A renowned U.S. mountain guide has achieved the rare Mount Everest region “triple crown” of climbing the Everest, Lhotse and Nuptse peaks in one season, a hiking firm said on Friday, as the season’s death toll on the world’s highest mountain hit 12. Garrett Madison, 44, climbed Lhotse, the…
(Reuters) – Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners. (Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)
