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United Airlines postpones investor day amid US FAA investigation following safety incidents

(Reuters) – United Airlines postponed on Friday its investor day which was scheduled for early next month, amid a review by the U.S. Federal Aviation Administration following multiple safety incidents. The legacy carrier now expects to hold the conference in early fall, it said in an email to the invitees seen by Reuters. The FAA …

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Apple asks US appeals court to reverse Apple Watch import ban

By Blake Brittain (Reuters) – Apple urged a U.S. appeals court on Friday to overturn a U.S. trade tribunal’s decision to ban imports of some Apple Watches in a patent dispute with medical-monitoring technology company Masimo. Apple told the U.S. Court of Appeals for the Federal Circuit that the U.S. International Trade Commission’s decision was …

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Meta overhauls rules on deepfakes, other altered media

By Katie Paul NEW YORK (Reuters) – Facebook owner Meta announced major changes to its policies on digitally created and altered media on Friday, ahead of U.S. elections poised to test its ability to police deceptive content generated by new artificial intelligence technologies. The social media giant will start applying “Made with AI” labels in …

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Why a near-miss cyberattack put US officials and the tech industry on edge

By Raphael Satter WASHINGTON (Reuters) -German software developer Andres Freund was running some detailed performance tests last month when he noticed odd behavior in a little known program. What he found when he investigated has sent shudders across the software world and drawn attention from tech executives and government officials. Freund, who works for Microsoft …

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Musk says Tesla will unveil ‘Robotaxi’ on August 8

(Reuters) -Tesla will unveil ‘Robotaxi’ on Aug. 8, Elon Musk said in a post on social media platform X on Friday. Musk’s post followed a Reuters report, citing sources, that Tesla has canceled its long-promised inexpensive car, but will continue developing self-driving robotaxis on the same small-vehicle platform. (Reporting by Manya Saini in Bengaluru; Editing …

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Exclusive-Tesla scraps low-cost car plans amid fierce Chinese EV competition

By Hyunjoo Jin, Norihiko Shirouzu and Ben Klayman (Reuters) -Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters. The automaker will continue developing self-driving robotaxis on the same small-vehicle …

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Strong US labor market underpins economy in first quarter

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth blew past expectations in March and wages increased at a steady clip, suggesting the economy ended the first quarter on solid ground and potentially delaying anticipated Federal Reserve interest rate cuts this year. The Labor Department’s closely watched employment report on Friday also showed the unemployment …

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‘Upside’ inflation risks keep Fed officials wary of turn to rate cuts

By Michael S. Derby NEW YORK (Reuters) – Another two Federal Reserve officials on Friday added their voices to the wave of U.S. central bankers downplaying any urgency to cutting rates amid sticky inflation, with one warning a failure of price pressures to further abate might even push the central bank to raise rates again. …

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Policy push for carbon removal credits lures finance, aviation

By Peter Henderson, Susanna Twidale and Simon Jessop SAN FRANCISCO/LONDON (Reuters) -Demand for credits reflecting the engineered removal of carbon dioxide from the atmosphere is expected by some to surge as market-friendly incentives lure buyers from sectors as diverse as technology and finance, chemicals and aviation. Many scientists believe extracting billions of tons of carbon …

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