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Brazil’s Azul secures $650 million investment commitment

2 Aug 2025

SAO PAULO (Reuters) -Brazilian airline Azul said it signed an agreement with certain stakeholders for a $650 million investment in a future capitalization deal, according to a late Friday securities filing. The airline’s so-called “backstop commitment agreement” must be approved by the U.S. court overseeing its bankruptcy proceedings, the filing said. In May, Azul filed …

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Trump tariffs hit Buffett’s Berkshire consumer goods businesses

2 Aug 2025

By Carolina Mandl NEW YORK (Reuters) -Warren Buffett’s Berkshire Hathaway said on Saturday that its consumer goods businesses took a hit from U.S. President Donald Trump’s trade policy, which raised tariffs on imported goods. The conglomerate’s consumer products group, which includes companies such as Fruit of the Loom, Jazwares and Brooks Sports, posted a 5.1% …

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FAA planning more helicopter route changes after fatal collision

2 Aug 2025

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Friday it is planning additional helicopter route changes near Ronald Reagan Washington National Airport after the January 29 mid-air collision of an American Airlines regional jet and an Army helicopter that killed 67 people. FAA official Nick Fuller said at a National Transportation Safety …

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Exclusive-Alphabet’s CapitalG, Nvidia in talks to fund Vast Data at up to $30 billion valuation, sources say

2 Aug 2025

By Krystal Hu, Max A. Cherney and Milana Vinn NEW YORK/SAN FRANCISCO (Reuters) -Alphabet’s growth-stage venture arm CapitalG and Nvidia are in talks to invest in artificial intelligence infrastructure provider Vast Data in a new funding round that could value the startup as high as $30 billion, two sources said.  The startup is raising several billion dollars …

Exclusive-Alphabet’s CapitalG, Nvidia in talks to fund Vast Data at up to $30 billion valuation, sources say Read More »

Tesla ordered by Florida jury to pay $243 million in fatal Autopilot crash

2 Aug 2025

By Jonathan Stempel and Abhirup Roy (Reuters) -A Florida jury on Friday found Tesla liable to pay $243 million to victims of a 2019 fatal crash of an Autopilot-equipped Model S, a verdict that could encourage more legal action against Elon Musk’s electric vehicle company. The verdict is a rare win for victims of accidents …

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Delta Air assures US lawmakers it will not personalize fares using AI

2 Aug 2025

By David Shepardson WASHINGTON (Reuters) -Delta Air Lines said on Friday it will not use artificial intelligence to set personalized ticket prices for passengers after facing sharp criticism from U.S. lawmakers and broad public concern. Last week, Democratic Senators Ruben Gallego, Mark Warner and Richard Blumenthal said they believed the Atlanta-based airline would use AI …

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Global stock index sinks with dollar, bond yields after weak US jobs data

2 Aug 2025

By Sinéad Carew and Samuel Indyk NEW YORK/LONDON (Reuters) -MSCI’s global equities index sold off sharply on Friday and the dollar took a dive after weaker-than-expected U.S. jobs data fueled economic worries and boosted bets for September interest rate cuts while investors also considered U.S. President Donald Trump’s latest tariff announcements and key personnel changes. …

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Fitch upgrades Pemex’s credit rating to ‘BB’, citing stronger government support

2 Aug 2025

By Brendan O’Boyle MEXICO CITY (Reuters) -Fitch Ratings upgraded Mexican state energy producer Petroleos Mexicanos’ (Pemex) credit rating to ‘BB’ from ‘B+’ on Tuesday, removing its positive watch status and citing strengthened government support, the agency said in a statement. WHY IT’S IMPORTANT The upgrade to BB, while still below investment grade, reflects the government’s …

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