By Nathan Layne (Reuters) – The U.S. Internal Revenue Service has blocked a key aide to tech billionaire Elon Musk from accessing individual taxpayer returns or other personal information as part of a deal signed between the tax-collecting agency and the Trump administration. The agreement would seem to avert what some IRS officials had privately…
(Reuters) – Franklin Templeton filed for an exchange-traded fund on Friday that will track the spot price of Solana, reflecting the growing interest among asset managers to profit from the popularity of cryptocurrencies beyond bitcoin. As regulatory conditions ease and a crypto-friendly president takes office, investors are increasingly diving into digital assets and ramping up…
By Steve Holland WASHINGTON (Reuters) -President Donald Trump will sign a memorandum on Friday that will direct the Committee on Foreign Investment in the United States to restrict Chinese investments in strategic areas, a White House official said. The national security memorandum is aimed at promoting foreign investment while protecting U.S. national security interests from…
By Sarah Morland MEXICO CITY (Reuters) – The chief executive of streaming giant Netflix on Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years. Speaking at President Claudia Sheinbaum’s morning press conference in Mexico City, Netflix CEO Ted Sarandos said he looked…
ROME (Reuters) – Italy’s Leonardo has identified a new industrial partner for its aerostructures unit which has been hit by the problems of U.S. planemaker Boeing, the state-controlled group’s CEO said on Thursday. Leonardo has been attempting for several years to return its aerostructures business to profit. CEO Roberto Cingolani said in November it was…
By Ananya Mariam Rajesh (Reuters) – PepsiCo has joined the growing list of major U.S. companies that are making changes to their diversity, equity and inclusion programs as President Donald Trump pushes to dismantle the practice across the federal government and private sector. The Frito-Lay to 7Up maker will end DEI workforce representation goals and…
BRASILIA (Reuters) – Brazilian Supreme Court Justice Alexandre de Moraes ordered the social media platform X owned by billionaire Elon Musk to pay a fine of 8.1 million reais ($1.42 million) for noncompliance with judicial orders, according to a ruling made public on Thursday. The decision stems from a legal process last year in which…
By David Shepardson WASHINGTON (Reuters) -Personnel from Elon Musk’s government downsizing team DOGE will make additional visits to Federal Aviation Administration facilities as they assist in efforts to modernize U.S. national airspace, the acting head of the agency said on Wednesday. Acting FAA Administrator Chris Rocheleau said the DOGE team — which visited the Air…
(Reuters) – Amazon said it would stop support for its unified communications service, Chime, next year and will not accept new customers beginning Wednesday. Amazon employees have long used Chime, which lets users meet, chat and place business calls inside and outside the organization, as a preferred service for video calls. “After careful consideration, we…
By David Shepardson WASHINGTON (Reuters) -The U.S. Environmental Protection Agency said on Wednesday it has submitted the Biden administration’s approval of California’s landmark plan to end the sale of gasoline-only vehicles by 2035 to Congress for review and potential repeal. The decision by the new Trump administration gives the Republican-led Congress a chance to repeal…
