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By Adwitiya Srivastava (Reuters) -Australia’s top grocer Woolworths said on Monday it has reached an agreement with industrial union workers to increase wages, resolving the strike action that had been affecting store service levels at Woolworths supermarkets across Australia. Hundreds of workers joined forces last month to go on an indefinite strike in retaliation against …

Australia’s Woolworths hikes worker wages to resolve strike action, shares gain Read More »

(Reuters) -The U.S. government has approved the export of advanced artificial intelligence chips to a Microsoft-operated facility in the United Arab Emirates as part of the company’s highly-scrutinized partnership with Emirati AI firm G42, Axios reported on Saturday, citing two people familiar with the deal. Microsoft invested $1.5 billion in G42 earlier this year, giving …

US clears export of advanced AI chips to UAE under Microsoft deal, Axios says Read More »

By David Shepardson WASHINGTON (Reuters) -The U.S. House of Representatives is set to vote next week on an annual defense bill that includes just over $3 billion for U.S. telecom companies to remove equipment made by Chinese telecoms firms Huawei and ZTE from American wireless networks to address security risks. The 1,800-page text was released …

US House to vote to provide $3 billion to remove Chinese telecoms equipment Read More »

By Rich McKay and Daniel Trotta (Reuters) -New York City police believe the man who fatally shot a UnitedHealth top executive has left the city, Police Commissioner Jessica Tisch said on Friday, as the hunt for the gunman passed the crucial 48-hour mark. Brian Thompson, 50, the CEO of UnitedHealth’s insurance unit, was shot in …

Police believe gunman who killed insurance CEO has left New York City Read More »

By Kylie Madry MEXICO CITY (Reuters) -Mexico is doing everything it can to protect a regional trade agreement with the U.S. and Canada, the Latin American nation’s deputy economy minister said in an interview published on Friday. The three neighboring nations, and major partners in commerce, have entered a trade tussle after U.S. President-elect Donald …

Mexico doing all it can to protect trade agreement with US, Canada, official says Read More »

By Nate Raymond (Reuters) -A federal judge in Texas rejected on Friday a request by the Consumer Financial Protection Bureau to lift an order that has blocked a new U.S. regulation capping credit card late fees at $8, a policy challenged by business and banking groups. U.S. District Judge Mark Pittman in Fort Worth declined …

US judge won’t revive rule capping credit card late fees at $8 Read More »

By Joey Roulette WASHINGTON (Reuters) – U.S. President-elect Donald Trump’s pick to helm NASA, a private astronaut and close ally of Elon Musk’s SpaceX, is a central figure of a speedy, commercial-focused side of the space industry who would face unfamiliar political challenges as an administrator. Jared Isaacman, the CEO of payment processing company Shift4 …

Trump’s NASA pick a boon for SpaceX, but will face political challenges Read More »

By Sheila Dang and Chibuike Oguh NEW YORK (Reuters) – TikTok advertisers were in no rush to shift their marketing budgets after a U.S. appeals court upheld a law on Friday requiring a divestment or ban of the popular Chinese-owned short video app, citing TikTok’s continued survival despite years of threats. Chinese tech firm ByteDance …

TikTok advertisers stay put after US appeals court upholds law forcing sale Read More »

By David Shepardson WASHINGTON (Reuters) -Boeing’s head of government affairs and top lobbyist is leaving effective immediately, the planemaker’s CEO told employees in an email Friday. Ziad Ojakli will be replaced on an interim basis by Bill McSherry, who oversees the planemaker’s state and local government operations, Boeing CEO Kelly Ortberg said in an email. …

Boeing’s top lobbyist departing planemaker, CEO says Read More »