WASHINGTON (Reuters) -U.S. President Donald Trump plans to sign an executive order on Monday designed to empower state and local governments and citizens to handle disaster preparations and relief, a White House official said. The order is in keeping with Trump’s drive to place more responsibility for disaster response to states and away from the…
LONDON (Reuters) -IBM on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores’ company LzLabs, which the IT giant accused of stealing trade secrets. IBM sued Switzerland-based LzLabs, two English subsidiaries and their ultimate owner Moores, who previously owned Major League Baseball’s San Diego Padres team and founded information technology company…
(Reuters) -The British benchmark index fell to a near five-week low on Monday, tracking a global equity selloff as worries about economic growth and uncertainties around U.S. tariffs continued to keep investors on edge. The blue-chip FTSE 100 fell 0.9%, its fifth straight session of declines, and closed at its lowest since February 4. The…
PANAMA CITY (Reuters) – The Panama Maritime Authority, which oversees shipping and port infrastructure in the Central American country, will request all legal and financial documents from a key transaction between CK Hutchison and consortium backed by BlackRock, minister to presidency Juan Carlos Orillac said on Friday. The maritime authority is expected analyze the transaction,…
By Lisa Baertlein LOS ANGELES (Reuters) – President Donald Trump’s plan to revitalize the U.S. shipping industry could heap massive costs on ocean transport operators and spawn a new round of supply chain chaos around the world, executives told Reuters. Trump’s administration aims to pay for an American shipbuilding comeback with help from potentially hefty…
(Reuters) – Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis Chamber said on Friday, as the startup looks to expand its AI infrastructure amid intensifying competition in the industry. The new investment builds on the company’s earlier announcement in December, in which it laid out…
By Mike Stone WASHINGTON (Reuters) – The U.S. Department of Defense is shifting how it buys software eyeing greater access to commercial and non-traditional software providers as the Pentagon hopes to rapidly modernize its weapons and business systems. In a memo dated March 6, Secretary of Defense Pete Hegseth directed the Department of Defense (DoD)…
By Andy Sullivan WASHINGTON -Large swaths of the U.S. government would be forced to stop operating at midnight on March 14 if Congress does not pass detailed spending legislation that would keep agencies running. WHY WOULD THE GOVERNMENT SHUT DOWN? Congress is supposed to allocate funding to 438 government agencies before October 1, the start…
(Reuters) -Reddit on Thursday launched tools aimed at helping people adhere to community rules and better understand content performance, its latest step to boost engagement on the platform. The announcement follows a recent slowdown in quarterly user growth due to a change in Google’s algorithm that impacted traffic from the search engine. The traffic from…
(Reuters) – Global ratings agency S&P Global said on Thursday it has downgraded Stellantis to “BBB” from “BBB+”, citing weak margin prospects. S&P said it expects the price cuts implemented in North America and Europe late last year coupled with affordability concerns from buyers to limit the automaker’s volume growth and margin expansion in those…
