By Saeed Azhar NEW YORK, Dec 10 (Reuters) – JPMorgan Chase’s most senior external hire yet, Todd Combs from Berkshire Hathaway, is set to turbocharge its $1.5 trillion push into national security. Combs, a long-serving deputy to legendary investor Warren Buffett, joined the nation’s largest bank this week to lead a team that will invest…
By Aditi Shah NEW DELHI, Dec 11 (Reuters) – Mexico’s decision to raise tariffs as high as 50% will affect $1 billion worth of shipments from major Indian car exporters, including Volkswagen and Hyundai, despite industry lobbying to persuade New Delhi to prevent such a move, according to two sources and a letter from an…
By Byron Kaye SYDNEY, Dec 9 (Reuters) – Australia is set to become the first country to implement a minimum age for social media use on Wednesday, with platforms like Instagram, TikTok and YouTube forced to block more than a million accounts, marking the beginning of an expected global wave of regulation. From midnight (1300…
By Rene Wagner and Maria Martinez BERLIN, Dec 9 (Reuters) – Germany’s economy is set for a calendar-related boost in 2026, as a slight increase in the number of working days is projected to boost growth by about a third, in a welcome development after two years of contraction. Germans face a longer working year…
Dec 8 (Reuters) – Nomura expects the U.S. Federal Reserve will deliver an interest rate cut at this week’s policy meeting, joining global peers in reversing their earlier expectations of the central bank holding rates amid dovish signals. The Japanese brokerage expects a 25-basis-point cut in the last policy meeting of the year. The change…
By Oliver Griffin and Alexandre Meneghini SAO DOMINGOS DO NORTE, Brazil, Dec 6 (Reuters) – Amid the din of a chic coffee shop on Sao Paulo’s posh Oscar Freire Avenue, a barista pulls an atypical espresso. Extra creamy, with an aroma of cocoa nibs, the shot lacks the hallmark acidity prized in coffee made from…
Dec 8 (Reuters) – L’Oreal will double its stake in Swiss skin care firm Galderma to 20%, it said on Monday, potentially earning the French company a bigger cut of profits from the booming market for injectable cosmetics like lip filler and anti-wrinkle treatments. L’Oreal is buying the stake for an undisclosed sum from a…
By Michael Erman, Julie Steenhuysen and Christy Santhosh Dec 5 (Reuters) – U.S. vaccine advisers on Friday scrapped a long-standing recommendation that all American newborns receive the hepatitis B shot, a major policy win for health secretary Robert F. Kennedy Jr that disease experts say will reverse decades of public health gains. The committee recommended…
By Laurie Chen, Joyce Zhou and Jessie Pang HONG KONG, Dec 5 (Reuters) – Turnout is likely to be low for Hong Kong’s “patriots only” legislative election on Sunday with subdued campaigning as the population reels from the city’s deadliest blaze in decades, which has killed 159 people. Volunteers tentatively handed out flyers and hung…
Dec 5 (Reuters) – Meta is delaying the release of its Phoenix mixed-reality glasses until 2027, aiming to get the details right, Business Insider reported on Friday, citing an internal memo. The delay from an initially planned release in the second half of 2026 is because the company wants a fully polished device, the report…
