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(Reuters) – U.S. Secretary of State Marco Rubio spoke with Pakistan’s Army Chief General Asim Munir on Friday and urged both Pakistan and India to find ways to de-escalate, a U.S. Department Of State spokesperson said. Rubio also offered U.S. assistance in starting constructive talks in order to avoid future conflicts, the spokesperson said. Pakistan…
By John Revill and Emma Farge GENEVA (Reuters) -Chinese Vice Premier He Lifeng held talks with U.S. Treasury Secretary Scott Bessent on Saturday in a tentative first step towards defusing a trade war that is disrupting the global economy. Bessent and He were meeting in Geneva after weeks of growing tensions in which duties on…
By Amina Niasse and Nicholas P. Brown NEW YORK (Reuters) -Health and wellness companies are embracing weight-loss drugs and building offerings around them in an effort to avoid the fate of WeightWatchers, which declared bankruptcy this week, citing vastly increased use of the new blockbuster medicines. But some of WeightWatchers’ closest rivals, newer telehealth companies,…
(Reuters) -Google has agreed to pay $1.375 billion in a settlement in principle reached with the state of Texas over allegations the company violated users’ data privacy, Texas Attorney General Ken Paxton said on Friday. The agreement settles two lawsuits that covered three products for allegedly violating Texas consumer protection laws. “In Texas, Big Tech…
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By David Shepardson WASHINGTON (Reuters) -The U.S. Postal Service Board on Friday said it named David Steiner, a FedEx board member and former CEO of Waste Management, as the new postmaster general after the White House pressured the prior leader to resign in March. Postal unions have raised sharp concerns about Steiner’s selection to succeed…
By Ann Saphir and Howard Schneider Palo Alto, California (Reuters) -Kevin Warsh, an apparent frontrunner to be U.S. President Donald Trump’s pick to be the next chair of the Federal Reserve, on Friday suggested a possible pathway to the lower policy rates that Trump has repeatedly pressed the current Fed Chair Jerome Powell to deliver,…
By Jody Godoy (Reuters) – The U.S. Department of Justice’s proposals to increase competition against Alphabet’s Google in online search could chill artificial intelligence investments, AI startup and Google partner Anthropic said on Friday. Requiring Google to give the DOJ advance notice of its proposed AI investments and partnerships would create a “significant disincentive” for…
(Reuters) -U.S. equity funds saw outflows for a fourth straight week through May 7, driven by uncertainties around trade tariffs and as investors awaited U.S.-China trade talks for more clues. Investors withdrew a net $16.22 billion from U.S. equity funds during the week, the largest weekly net sales since March 19, data from LSEG Lipper…
