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(Reuters) -The Environmental Protection Agency said on Friday it approved 14 requests from small refineries for full or partial exemptions to the nation’s biofuel blending mandates, drawing criticism from a top U.S. biofuel trade group. The decisions effectively clear the remainder of the agency’s huge backlog of such requests that had built up under former …

US EPA approves 14 small refinery biofuel waivers Read More »

By Manya Saini (Reuters) -Dubai’s AIR, the owner of hookah brand Al Fakher, said on Friday it had agreed to go public in the U.S. through a merger with blank-check firm Cantor Equity Partners III, in a deal valuing the combined company at $1.75 billion. The deal with the Cantor Fitzgerald-backed special purpose acquisition company …

Dubai hookah maker AIR to go public in US via $1.75 billion SPAC deal Read More »

(Corrects headline and paragraph 1 to say that the company’s restructuring has impacted 16% of jobs, not that it has cut 16% of its workforce) By Abhinav Parmar (Reuters) -Newmont’s restructuring following the acquisition of Australian miner Newcrest has impacted 16% of the company’s workforce, according to an internal memo to staff seen by Reuters. …

Newmont’s restructuring impacts 16% of jobs in the company, memo shows Read More »

By Raphael Satter and AJ Vicens WASHINGTON (Reuters) -The Washington Post said it is among victims of a sweeping cyber breach tied to Oracle software. In a statement released on Thursday, the newspaper said it was one of those impacted “by the breach of the Oracle E-Business Suite platform.” The paper did not provide further …

Washington Post says it is among victims of cyber breach tied to Oracle software Read More »

By Lucia Mutikani WASHINGTON (Reuters) -The U.S. Labor Department on Friday will not publish its closely watched employment report for an unprecedented second straight month as the government remains shut, and fears are mounting October’s report might not be released when full operations resume. The longest shutdown on record, now in its second month, has …

US employment report will not be published again as government shutdown drags on Read More »

FRANKFURT (Reuters) -Exploring the potential uses of artificial intelligence, Bundesbank President Joachim Nagel is now using the technology to check how his speeches will be perceived and whether he found the right balance on the dovish-hawkish spectrum, he said on Friday.  Some investment banks have built large language model AI tools to pour over central …

Bundesbank chief uses AI to check dovish-hawkish balance in speeches Read More »

By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve should “proceed slowly” in approving further interest rate cuts as monetary policy moves closer to a neutral stance, Fed Vice Chair Philip Jefferson said on Friday. Following a quarter-point rate cut last week, which Jefferson supported, he said “the current policy stance is still somewhat restrictive,” and …

Fed Vice Chair Jefferson: Slow approach to cuts makes sense as policy rate approaches neutral Read More »

(Reuters) -Peloton Interactive shares jumped 7% on Friday after the fitness company beat quarterly revenue estimates, buoyed by early traction from its revamped product lineup and price hikes across hardware and subscriptions, reinforcing investor confidence in its turnaround strategy. The upbeat results mark a turning point for Peloton under CEO Peter Stern, who took the …

Peloton shares jump as turnaround strategy gains traction Read More »