By Emma Rumney LONDON (Reuters) -Diageo’s new interim CEO Nik Jhangiani has charmed investors with his cool confidence and clear communication, in contrast to his predecessor who struggled to win over the company’s shareholders during her short term. But whoever takes on the full-time leadership of the world’s top spirits maker will inherit challenges that…
(Reuters) -The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, after two days of fraught negotiations. House lawmakers in Washington were due to convene on Thursday afternoon to consider passing the stablecoin bill and another that…
WASHINGTON (Reuters) -Democratic former U.S. Vice President Kamala Harris said on Wednesday she will not run for governor of California, ending speculation that the failed presidential candidate would seek the high-profile post. “I have given serious thought to asking the people of California for the privilege to serve as their Governor. I love this state,…
By Jonathan Stempel (Reuters) -Twelve Democratic members of Congress sued the Trump administration on Wednesday, accusing immigration officials of blocking their access to detention facilities housing noncitizens. In a complaint filed in Washington, D.C., federal court, the House lawmakers challenged a new Department of Homeland Security policy requiring seven days’ notice for visits, and deeming…
By Gram Slattery and Ryan Patrick Jones WASHINGTON (Reuters) -The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June. The sanctions broadly target the shipping interests…
WASHINGTON (Reuters) -The U.S. excluded several of Brazil’s major exports from the 50% tariff President Donald Trump signed into an executive order on Wednesday, including orange juice, some aircraft, wood pulp and energy products, lifting shares of planemaker Embraer and pulpmaker Suzano. In a fact sheet published on Wednesday, the U.S. government tied the tariffs…
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said U.S.-China trade talks were “far reaching, robust and highly satisfactory,” but the future of the short video app TikTok as well as the movement of Taiwan officials did not come up. Bessent, speaking after two days of bilateral talks between the world’s two largest economies…
(Reuters) -Citigroup has hired Pankaj Goel from JPMorgan Chase to co-lead its technology investment banking, according to a memo seen by Reuters on Tuesday. Goel, who has more than twenty years of technology experience, was most recently global chair of technology investment banking at JPMorgan, according to the memo, signed by Citi’s head of North…
(Reuters) -White House National economic adviser Kevin Hassett, in an apparent reference to Nvidia’s H20 AI chip shipments to China, said President Trump and his team decided to let the chips go in a bid to stop China from getting ahead in the race to make the best chips. Nvidia two weeks ago said it…
By Jody Godoy and Sarah N. Lynch (Reuters) -Two officials at the U.S. Department of Justice’s antitrust division have been fired for insubordination, a source familiar with the decision said on Tuesday, as controversy builds over how the DOJ reached a recent settlement greenlighting Hewlett Packard Enterprise’s $14 billion acquisition of Juniper Networks. The source…
