Reuters US Business

By Lisandra Paraguassu, Marta Nogueira and Fabio Teixeira BRASILIA/RIO DE JANEIRO (Reuters) -Brazil’s government will push state-run oil company Petrobras to reinvest cash set aside for dividends, two sources told Reuters, after its board spiked an extra dividend, blindsiding investors that sent shares plunging 10% on Friday. Petrobras CEO Jean Paul Prates spent over two …

Petrobras shares plunge on axed dividend as Brazil pushes more investment Read More »

By Patrick Wingrove and Sriparna Roy (Reuters) -The U.S. Food and Drug Administration approved Novo Nordisk’s weight-loss drug Wegovy on Friday for lowering the risk of stroke and heart attack in overweight or obese adults who are not diabetic. Novo’s widely used diabetes drug Ozempic and weight-loss drug Wegovy, both chemically known as semaglutide, belong …

US FDA approves Novo Nordisk drug Wegovy for use in lowering heart attack risks Read More »

By Greg Bensinger SAN FRANCISCO (Reuters) – Google has been touting the myriad innovations in the first building wholly designed and built by the web giant, even moving workers in to focus on its highest-profile project: generative artificial intelligence. But, some say they wish the innovations had included decent Wi-Fi. The “Bay View” building, located …

Google’s newest office has AI designers toiling in a Wi-Fi desert Read More »

By David Lawder and Susan Heavey WASHINGTON (Reuters) -President Joe Biden’s proposed tax credits for certain home buyers and sellers could help boost the nation’s housing supply and make homes more affordable, U.S. Treasury Secretary Janet Yellen said on Friday, a day after the president unveiled the proposal in his annual State of the Union …

Yellen says Biden’s proposed housing tax credits could boost supply Read More »

By Lewis Jackson and Stella Qiu SYDNEY (Reuters) -Volkswagen and Toyota have taken opposing sides on Australia’s proposed new rules to cut vehicle emissions, while electric vehicle makers Tesla and Polestar quit the country’s auto lobby in protest over the group’s campaign against tougher standards. The German automaker said it supported the government’s plans and …

Australia auto lobby split widens as Tesla, Volkswagen back tougher emissions plan Read More »

By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Investors are increasingly confident the European Central Bank may lead global peers with a rate cut in June as new economic projections put on-target inflation in sight. Markets took Thursday’s ECB revisions as further confirmation that interest rate cuts would start soon. The ECB lifted its …

Analysis-Markets see clearer ECB rate-cut roadmap as inflation fog lifts Read More »

(Reuters) – Boeing said on Thursday it is overhauling how it pays employee bonuses to emphasize quality and safety, with this year’s operational goals exclusively focused on these two components. This announcement comes as the planemaker has scrambled to explain and strengthen safety procedures after a door panel detached during a Jan. 5 flight on …

Boeing says annual employee bonuses will focus on safety Read More »