By Suzanne McGee (Reuters) -Investors are hopeful that U.S.-China trade talks this weekend will cool a trade war between the world’s two largest economies and dispel some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet. The highly anticipated meeting in Switzerland could mark one of the biggest developments since…
By Leah Douglas, Tim Reid, Nichola Groom, Nathan Layne WASHINGTON (Reuters) -The U.S. federal disaster agency FEMA has sharply reduced training for state and local emergency managers ahead of the start of the hurricane season on June 1, according to current and former officials, memos seen by Reuters, and three sources familiar with the situation. The…
(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business…
(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…
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 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 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…
