(Reuters) – A union representing flight attendants for American Airlines Group said on Thursday they are preparing to strike after contract negotiations with the carrier failed to produce an agreement this week. The Association of Professional Flight Attendants (APFA), which represents about 28,000 American Airlines flight attendants, said after a year of mediated talks with…
By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation’s bank regulator said on Thursday, as its consumer protection division imposed its largest penalty ever. It is related to a mishap in 2022 involving $1.4 billion in mistaken…
By Andrea Shalal, David Lawder and Karen Freifeld WASHINGTON/NEW YORK(Reuters) -The United States on Friday issued what it described as targeted draft rules for banning or requiring notification of certain U.S. investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The U.S. Treasury Department published the proposed rules…
By Davide Barbuscia and Matt Tracy NEW YORK (Reuters) – The spreads between U.S. investment-grade corporate bond yields and U.S. Treasuries have surged to their highest in over three months, in a sign of risk aversion due to political uncertainty in France and as U.S. government bonds rallied. Spreads indicate the premium investors demand to…
(Reuters) – A California state agency said on Thursday it had rejected AT&T’s bid to be able to stop offering landline telephone service and other services as the “carrier of last resort.” Marin County said AT&T’s request made in March 2023 would have ended services to over 580,000 eligible households throughout the state. The California…
(Reuters) – Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country. The investment will be used to set up a new cloud region that will allow customers…
(Reuters) – Winklevoss brothers, the founders of crypto currency exchange Gemini, said in a post on social media platform X on Thursday that they have donated $1 million in bitcoin to Donald Trump and will be voting for him in November. “Over the past few years, the Biden Administration has openly declared war against crypto….
WASHINGTON (Reuters) – The U.S. Treasury on Thursday said no major trading partner appeared to manipulate its currency last year, but it added Japan to a foreign exchange “monitoring list,” alongside China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list. The Treasury’s semi-annual currency report also found that no major trading…
By Casey Hall and Sophie Yu SHANGHAI (Reuters) -Sales fell for the first time ever at China’s blowout mid-year e-commerce sales festival as consumers remain cautious about spending as the economy sputters, according to third-party data estimates released on Wednesday. Combined gross merchandise volume (GMV), a widely used proxy for e-commerce sales, reached 742.8 billion…
By Guy Faulconbridge and Josh Smith MOSCOW/SEOUL (Reuters) – Vladimir Putin, on his first visit to North Korea in 24 years, signed a mutual defence pledge with Kim Jong Un on Wednesday, underscoring just how far Russia has recast its relations with the only country to test a nuclear weapon this century. Putin, who is…
