By David Milliken LONDON, Dec 3 (Reuters) – The U.S. dollar’s status as a global reserve currency could be undermined by the country’s reduced support for its friends and military allies, Bank of England policymaker Catherine Mann said on Wednesday. “If you can’t depend on a certain country to be your ally, then why are…
By Foo Yun Chee and Inti Landauro BRUSSELS, Dec 2 (Reuters) – Apple can be sued in a Dutch court for antitrust damages, Europe’s highest court said on Tuesday, backing two foundations seeking potentially hundreds of millions of euros in compensation for users affected by the iPhone maker’s alleged anti-competitive conduct related to its App…
By David Shepardson WASHINGTON, Dec 1 (Reuters) – The U.S. Senate Commerce Committee said on Monday it plans to hold a December 8 vote on President Donald Trump’s nomination of Jared Isaacman, the private astronaut and ally of billionaire SpaceX founder Elon Musk, for the post of NASA administrator. Isaacman’s nomination was withdrawn in June…
By Tim Hepher, Allison Lampert and David Shepardson PARIS, Dec 1 (Reuters) – Airbus fleets were returning towards normal operations on Monday after the European planemaker pushed through abrupt software changes faster than expected, averting a prolonged crisis over the discovery of a space-related computer bug. Dozens of airlines from Asia to the United States…
By Stephen Nellis and Greg Bensinger LAS VEGAS, Dec 2 (Reuters) – Amazon.com’s AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up efforts to get major AI customers using its services. AWS, or Amazon Web Services, said…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau announced on Friday that it intends to continue supervising financial institutions on a limited basis in 2026, signaling a shift from acting Director Russell Vought’s previous pledge to completely dismantle the agency. While the agency has been significantly scaled back under the Trump administration,…
MOSCOW (Reuters) -Russia’s defence ministry said on Wednesday that Ukrainian forces had fired four U.S.-made ATACMS missiles at the southern Russian city of Voronezh in an attempted strike on civilian targets. Ukraine’s military said on Tuesday it had attacked military targets in Russia with U.S.-supplied ATACMS missiles, calling it a “significant development.” Kyiv received the…
By Hannah Lang (Reuters) -Max Levchin, CEO and co-founder of Affirm, which offers buy now, pay later plans, said artificial intelligence is poised to transform shopping by taking over human tasks and making financial products more transparent. AI agents will soon be able to instantly weed out products with prohibitively high interest rates or late…
By Courtney Rozen WASHINGTON (Reuters) -U.S. President Donald Trump’s Department of Government Efficiency has disbanded with eight months left to its mandate, ending an initiative launched with fanfare as a symbol of Trump’s pledge to slash the government’s size but which critics say delivered few measurable savings. “That doesn’t exist,” Office of Personnel Management Director…
By Siyanda Mthethwa JOHANNESBURG (Reuters) -Walmart opened its first store in South Africa on Saturday, marking the U.S. retail giant’s debut on the African continent as it seeks a stake in a competitive market. More than a hundred shoppers queued for hours outside the store to take advantage of Walmart’s “Everyday Low Prices” and shop…
