FRANKFURT (Reuters) -Commerzbank shareholders on Wednesday cleared the way for the economist Jens Weidmann to take over as chairman of the German lender, the fifth person to occupy the role over the p[...]
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May 31, 2023
SNB defends raising rates, says not to blame for Credit Suisse failure
ZURICH (Reuters) – Swiss National Bank Chairman Thomas Jordan on Wednesday defended recent interest rate hikes to tackle inflation, saying they were neither damaging for Swiss financial stabilit[...]
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EU tech chief sees draft voluntary AI code within weeks
By Philip Blenkinsop LULEA, Sweden (Reuters) – EU tech chief Margrethe Vestager said on Wednesday she believed a draft code of conduct on artificial intelligence (AI) could be drawn up within we[...]
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Cost of insuring vs US default increases before vote on debt ceiling bill
NEW YORK (Reuters) – The cost of insuring exposure to a U.S. debt default rose on Wednesday, with investors focused on a debt ceiling vote in the House of Representatives later in the day. The U[...]
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Toyota pledges $2.1 billion more for EV battery plant in North Carolina
(Reuters) – Toyota Motor Corp said on Wednesday it will invest $2.1 billion more in its new U.S. battery plant in North Carolina, as the Japanese automaker deepens efforts to tap rising demand f[...]
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Mexico’s Femsa to sell stake in Jetro for $1.4 billion
MEXICO CITY (Reuters) -Mexican retail and bottling giant Femsa said Wednesday it had reached a “definitive” agreement to sell its stake in Jetro Restaurant Depot for $1.4 billion, furtheri[...]
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US seeks to curb investment in Chinese chips, AI and quantum computing
By Karen Freifeld WASHINGTON (Reuters) – New rules under consideration would restrict the flow of U.S. investments and know-how into Chinese companies working on advanced semiconductors, artific[...]
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US sues West Virginia governor’s coal empire over unpaid mining penalties
WASHINGTON (Reuters) – The U.S. Justice Department has sued West Virginia Governor Jim Justice’s coal empire over allegations it failed to pay around $7.6 million in environmental fines fr[...]
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Global airlines group to boost focus on non-CO2 emissions
By Joanna Plucinska LONDON (Reuters) – Global airlines are setting up a task force to deal with non-carbon dioxide (CO2) emissions, stepping up efforts to tackle cloudy streaks formed by aircraf[...]
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