By David Shepardson and Alexandra Alper WASHINGTON (Reuters) – The Biden administration outlined efforts this week to address growing U.S. national security concerns on foreign companies’ handling of Americans’ data. Commerce Secretary Gina Raimondo said at a U.S. Senate hearing the department is working “to secure our communications and technology networks and we are right…
By Kantaro Komiya TAKASAKI (Reuters) -Group of Seven advanced nations should adopt “risk-based” regulation on artificial intelligence, their digital ministers agreed on Sunday, as European lawmakers hurry to introduce an AI Act to enforce rules on emerging tools such as ChatGPT. But such regulation should also “preserve an open and enabling environment” for the development…
By Sinéad Carew (Reuters) – Wall Street indexes closed slightly lower and the dollar gained with Treasury yields as investors digested Monday’s data and waited for the U.S. Federal Reserve’s interest rate decision due on Wednesday as well as key upcoming economic data and quarterly earnings reports. Crude oil prices were lower as weak economic…
By Michael S. Derby (Reuters) -The Federal Reserve is planning new steps to ensure officials and top staff are complying with financial trading and ethics rules put in place last year, it said in a report on Monday. The report, released Monday by the central bank’s in-house watchdog, the Office of the Inspector General, or…
By Allison Lampert (Reuters) -North American pilots took fresh steps on Monday to press for workforce gains, with American Airlines Group Inc pilots backing a strike mandate and Air Canada pilots supporting a merger with a larger union. American Airlines pilots approved the mandate ahead of the busy summer travel season to further pressure the…
By Ivan Lubysh-Kirdey PAVLOHRAD, Ukraine (Reuters) -Russia unleashed a fresh volley of missiles on Ukraine overnight in a city in the east, killing two people, setting off huge blazes and damaging dozens of homes and other buildings. President Volodymyr Zelenskiy announced the two deaths in his nightly video address, vowing: “The Russian occupiers will receive…
By Manya Saini (Reuters) – Shares of several regional lenders fell on Monday after the collapse of First Republic Bank, the third major casualty of the biggest crisis to hit the U.S. banking sector since 2008. The banking turmoil erupted from the closure of Silicon Valley Bank and Signature Bank in March, causing depositors to…
By Daniel Wiessner (Reuters) -The U.S. Supreme Court on Monday agreed to examine how difficult it should be for financial whistleblowers to win retaliation lawsuits against their employers as the justices took up a long-running case involving Switzerland’s UBS Group AG. The justices will hear an appeal by Trevor Murray, a former UBS bond strategist,…
BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva’s government published an executive order aimed at increasing revenue by taxing the capital income from financial investments obtained abroad by individuals who reside in Brazil. Income earned from Jan. 1, 2024, will be considered for that purpose, said the text of the measure published on Sunday…
By Steve Gorman (Reuters) -Conservation groups sued the Federal Aviation Administration on Monday, challenging its approval of expanded rocket launch operations by Elon Musk’s SpaceX next to a national wildlife refuge in South Texas without requiring greater environmental study. The lawsuit comes 11 days after SpaceX made good on a new FAA license to send…
