Author: Reuters
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Powell says Fed not “remotely close” to a central bank digital currency
By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell significantly downplayed the possibility of the central bank issuing its own digital currency, and said if it ever came to pass, the government would play a limited role. Testifying before Congress Thursday, Powell said policymakers were “nowhere near” taking action on adopting such a…
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Boeing discloses names of 737 MAX employees after NTSB chair faults cooperation
By David Shepardson WASHINGTON (Reuters) -Boeing on Wednesday provided U.S. regulators with the names of employees on its 737 MAX door team after lawmakers and a federal safety official sharply criticized the planemaker’s failure to do so at a Senate hearing. National Transportation Safety Board Chair Jennifer Homendy had said earlier on Wednesday that Boeing…
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After Trump meet, Musk says he won’t donate to either US presidential candidate
(Reuters) – Billionaire Elon Musk, CEO of electric vehicle maker Tesla, said on Wednesday that he will not donate money to either Republican presidential candidate Donald Trump or Democratic President Joe Biden in this year’s election, one day after meeting Trump in Florida. Trump met with Musk, one of the world’s richest individuals, with a…
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House lawmaker says US ByteDance investors should urge China to allow TikTok sale
By David Shepardson WASHINGTON (Reuters) -A U.S. House Republican leading a legislative push to force China’s ByteDance to divest TikTok in the United States or face a ban says American investors should urge China to allow a sale. Representative Mike Gallagher, who chairs a House panel on China, introduced legislation on Tuesday with Representative Raja…
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Institutional investors may help bitcoin sustain new heights
By Hannah Lang, Suzanne McGee (Reuters) -As traditional institutions pour money into bitcoin, the cryptocurrency’s latest meteoric rally to a record high may have more legs than in 2021, experts say. The world’s largest cryptocurrency, notorious for its volatility, touched $69,202 on Tuesday, driven by excitement over new U.S. spot bitcoin exchange-traded funds (ETFs) and…
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Apple tweaks changes to comply with EU tech rules after criticism
By Foo Yun Chee BRUSSELS (Reuters) – Apple has modified some of its proposals to comply with landmark EU tech rules after criticism from app developers, including dropping a demand that those who want to create alternative app marketplaces must have a stand-by letter of credit. The company and five other tech giants have to…
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Haiti PM’s return still murky as gang conflict worsens
By Steven Aristil and Harold Isaac PORT-AU-PRINCE (Reuters) -Haiti’s prime minister landed in Puerto Rico on Tuesday, clearing uncertainty around his whereabouts since a trip to Kenya, but questions on how and when he will return to Haiti still linger as gangs back home push for his ouster. Prime Minister Ariel Henry traveled to Kenya…
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U.S. lawmakers push for ByteDance to divest TikTok or face ban
By David Shepardson and Michael Martina WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China’s ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, seeking to tackle national security concerns about its Chinese ownership. The bill is the first significant legislative move…
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Factbox-The ‘Volcano group’ claiming the arson near Tesla’s German plant
BERLIN (Reuters) – A far-left militant group calling itself “Vulkangruppe Tesla Abschalten”, or “Volcano group shutting down Tesla”, has claimed responsibility for the suspected arson attack on a power pylon near Tesla’s car factory outside Berlin on Tuesday. The attack resulted in a production halt that is expected to last several days. In a letter…
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U.S. slaps sanctions on Greek spyware vendor, says it targeted U.S. officials
By Christopher Bing WASHINGTON – (Reuters) – The U.S. government announced a “first-of-its-kind” sanctions package on Tuesday morning against Greece-based spyware vendor Intellexa and its leadership after the company was involved in targeting U.S. government officials. The Treasury Department targeted two individuals and five entities associated with the Intellexa Consortium for their role in “developing,…