By Nolan D. McCaskill and Andy Sullivan WASHINGTON (Reuters) -Members of the House of Representatives headed back to Washington on Tuesday, after a 53-day break, braving the congestion at the nation’s tangled airports for a vote that could bring the longest U.S. government shutdown in history to a close. With nearly 1,200 flights canceled on Tuesday …
US House returns to Washington for vote to end government shutdown Read More »
ANKARA (Reuters) -Turkish telecoms operator Turkcell signed an agreement with Google on Wednesday for strategic cooperation on cloud technologies, the company said in a notice. In the statement, Turkcell said it would expand its data centre infrastructure and planned to invest $1 billion until the end of 2032 as part of the deal. (Reporting by …
Turkcell, Google sign cooperation agreement on cloud technologies Read More »
By Aishwarya Jain (Reuters) -The holiday rush may lose some of its momentum this year — even among high-income travelers — as a report from Deloitte on Wednesday shows Americans are planning to take fewer trips and spend less on them amid growing financial concerns. The average number of planned holiday trips has dropped to …
Fewer trips, tighter wallets: Holiday travel demand cools across the board, report shows Read More »
By Leika Kihara TOKYO (Reuters) -Stablecoin issuers could become major buyers of Japanese government bonds in several years and influence the central bank’s control over monetary policy, the head of Japan’s first domestic issuer of yen-pegged stablecoins told Reuters. Japanese startup JPYC began issuing stablecoins pegged to the yen – also called JPYC – on …
Yen stablecoin issuer predicts growing presence in Japan’s bond market Read More »
By Max A. Cherney NEW YORK (Reuters) -Advanced Micro Devices said on Tuesday that it expected annual data center chip revenue of $100 billion within the next five years, and its earnings to more than triple. The Santa Clara, California-based chip designer’s shares were up 4% in choppy post-market trading, after closing down 2.7% at …
AMD expects profit to triple by 2030, data center chip market to grow to $1 trillion Read More »
By Trevor Hunnicutt WASHINGTON (Reuters) -Saudi Arabia is expected to host a U.S.-Saudi investment summit in Washington on November 19 during a visit by Crown Prince Mohammed bin Salman, according to a source familiar with the planning. Bin Salman will be in Washington to meet with President Donald Trump at the White House on November …
Saudi Arabia to host investment summit during bin Salman’s Washington visit, source says Read More »
(Reuters) -U.S. regulators have agreed on the terms to ease a set of capital requirements that could potentially allow banks to hold more Treasuries, Bloomberg News reported on Tuesday, citing people familiar with the matter. Officials from the Federal Reserve and other agencies recently submitted a final plan for a key capital reserve ratio to …
By Adriana Barrera MEXICO CITY (Reuters) -Mexico on Tuesday implemented a new tariff for sugar imports due to falling international prices and a risk of oversupply in the domestic market, according to the country’s Official Gazette. The new tariff of 156% per kg applies to all types of sugar, including beet sugar and syrups. Refined …
By David Shepardson WASHINGTON (Reuters) -Airlines canceled 1,200 flights on Tuesday as air traffic control staffing improved significantly ahead of an expected end to a record-setting government shutdown as soon as Wednesday. After airlines canceled 2,400 flights and delayed 9,600 on Monday, airlines delayed just 1,700 on Tuesday, the best performance for the industry in …
US airlines cancel 1,200 flights Tuesday as shutdown continues Read More »
By Douglas Gillison WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau plans to propose in the coming days narrowing a key part of civil-rights era fair-lending regulations as Republican President Donald Trump’s administration overhauls protections and rules it says burden companies, according to two people with knowledge of the matter. The changes to the CFPB’s rules …
US consumer watchdog to narrow civil rights era lending law, sources say Read More »
