By Nora Eckert (Reuters) -Another fire ignited on Thursday at Novelis’ aluminum plant in Oswego, New York, that supplies Ford’s lucrative F-150 truck line, about two months after a blaze halted much of the facility’s production. Ford in October cut its profit forecast, citing a gross hit of up to $2 billion from the incident….
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(Reuters) -HSBC has appointed Steve Hughes as CEO and head of Banking for Australia and New Zealand, effective January 1, 2026, a company spokesperson said on Thursday. Hughes, who joined HSBC in 2015, has led the wholesale banking division for Australia and New Zealand since January 2023. He previously spent more than 20 years at…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given easing interest rates and tax cuts. Bessent told NBC’s “Meet the Press” program that parts of…
(Corrects name of cybersecurity expert cited in paragraph 7) By Raphael Satter WASHINGTON (Reuters) -Salesforce said Thursday it is investigating “unusual activity” involving Gainsight-published applications that may have exposed customer data. In a brief statement published to its status portal, Salesforce said the Gainsight-published applications, which are installed and managed by customers “may have enabled…
By Gregor Stuart Hunter and Rae Wee SINGAPORE (Reuters) -A stubbornly weak yen has Japan on the cusp of intervening in the currency market for the third time in roughly as many years, but analysts say it’s likely to be ineffective and authorities must tread carefully to avoid triggering a fresh selloff. Confounding expectations of…
MOSCOW (Reuters) -Here is a look at how U.S. sanctions on Russian oil firms Rosneft and Lukoil, which take effect at 1701 GMT on Friday, may affect the Russian foreign currency market. Ahead of the deadline, the rouble was strengthening on reports about a U.S.-drafted plan to end the war in Ukraine, which if implemented,…
By Timothy Gardner WASHINGTON (Reuters) -The Trump administration said on Tuesday it has loaned Constellation Energy Corp $1 billion to restart its nuclear reactor at a Pennsylvania plant formerly known as Three Mile Island. Constellation signed a deal in late 2024 with Microsoft to restart the 835-megawatt reactor, which shut in 2019, and which would…
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By Dan Catchpole and Shivansh Tiwary (Reuters) -Electric aircraft maker BETA Technologies said on Thursday it is partnering with Near Earth Autonomy to develop uncrewed aircraft for the military, with flight testing slated to begin in the first half of 2026. Development and full demonstration of the autonomous system should take up to a year…
