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By David Shepardson (Reuters) – U.S. Senator Joe Manchin, a Democrat who chairs the chamber’s energy panel, asked the Treasury Department on Tuesday not to allow a commercial electric vehicle tax credit to be used for consumer leasing, rental cars or ridesharing vehicle sales, rejecting a broad interpretation of the credit. Reuters first reported last …

U.S. senator Manchin says Treasury should limit commercial EV tax credit use Read More »

By Hannah Lang and Tom Hals (Reuters) – FTX founder Sam Bankman-Fried was arrested in the Bahamas on Monday and charged by the U.S. Department of Justice on Tuesday with defrauding investors in what regulators called a “brazen, multi-year scheme” that ended when his empire filed for bankruptcy last month. Here is the latest on …

Explainer-Sam Bankman-Fried: Who is FTX’s founder and why was he arrested? Read More »

(Reuters) – Microsoft President Brad Smith said on Tuesday the company had offered to agree to a legally-binding consent decree with the U.S. Federal Trade Commission to provide “Call of Duty” games to rivals including Sony and others for a decade. The development comes as Microsoft is seeking approval for its $69-billion takeover bid for …

Microsoft says it offered to agree to FTC consent decree on ‘Call of Duty’ games Read More »

(Reuters) – Warner Bros Discovery Inc on Tuesday launched its Discovery+ streaming service on Amazon.com’s Prime Video platform in Canada. Prime users can sign up for the ad-free version of Discovery+ at C$6.99 ($5.16) per month plus applicable taxes, the media company said. Discovery+ was launched last year in Canada on platforms such as Amazon …

Warner Bros launches Discovery+ on Amazon Prime Video in Canada Read More »

By David Shepardson and Rajesh Kumar Singh NORTH CHARLESTON, S.C./CHICAGO (Reuters) – United Airlines Inc Chief Executive Scott Kirby on Tuesday said his company is preparing for a “mild” economic recession next year. Kirby, however, added that the Chicago-based carrier has not yet seen any signs of a recession in its data. “If I didn’t …

United Airlines preparing for ‘mild’ economic recession next year -CEO Read More »

(Reuters) -Apple Inc is preparing to allow alternative app stores on its iPhones and iPads in the European Union as soon as late next year to comply with a new European competition law, Bloomberg News reported on Tuesday, citing sources familiar with the matter. As part of the changes, customers could ultimately install apps to …

Apple prepares to allow alternative app stores on iPhones, iPads – Bloomberg News Read More »

By David Shepardson NORTH CHARLESTON, S.C. (Reuters) – Boeing Commercial Airplanes Chief Executive Stan Deal on Tuesday said the U.S. planemaker will continue to push for Congress to pass legislation to allow for the Boeing 737 MAX 7 and MAX 10 certification if a Dec. 27 deadline passes. “We’re still working obviously and hope something …

Boeing to keep pushing for Congress to extend 737 MAX 10 deadline Read More »

LONDON (Reuters) – The year ahead is shaping up as the most promising for fixed income in over a decade, Gurpreet Gill, macro strategist, global fixed income at Goldman Sachs Asset Management said on Tuesday. Speaking at the Edelman Smithfield Investor Summit in London, Gill said valuations in fixed income markets were looking more appealing …

2023 to be most promising for bonds in over a decade-Goldman AM Read More »

(Reuters) – Holiday Inn owner IHG promoted Michael Glover, the finance chief of its Americas division and group head of commercial finance, to the role of chief financial officer on Tuesday, with effect from March 20. Glover will succeed current CFO Paul Edgecliffe-Johnson, who is stepping down to join bookmaker Flutter Entertainment early next year. …

Holiday Inn owner IHG promotes Glover as new finance chief Read More »

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Plucky bitcoin’s been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of $30,000 in 2023. Battered bitcoin’s been unresponsive since being clobbered by the FTX collapse, taking in a deep ragged breath before plunging …

Cryptoverse: Jump or slump? $30k or $5k? Play the bitcoin roulette Read More »