WASHINGTON (Reuters) – Sharply higher tariffs on Chinese metal products being considered by the Biden administration would not affect U.S. inflation and are necessary for national security, Whit[...]
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April 17, 2024
Alaska Airlines flights resume after being grounded over aircraft system issue
WASHINGTON (Reuters) – An issue with the system that calculates weight and balance of Alaska Airlines planes, causing all of its flights to be halted on Wednesday morning, has been resolved and[...]
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Banks told to anticipate risks from using AI, machine learning
LONDON (Reuters) – Banks must anticipate risks from using artificial intelligence (AI) and machine learning (ML) in their operations as part of their day-to-day governance, a top global banking[...]
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Meta should give users free option without targeted ads, EU privacy watchdog says
BRUSSELS (Reuters) – Meta Platforms and other large online platforms should give users an option to use their services for free without targeted advertising, EU privacy watchdog the European Dat[...]
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U.S. Regional Banks Seen Booking More Commercial Property Losses, Loan Sales
By Saeed Azhar and Matt Tracy (Reuters) -U.S. regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as the sector rema[...]
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Abbott’s device sales drive profit beat, but shares fall as forecast disappoints
By Leroy Leo and Pratik Jain (Reuters) -Abbott Laboratories beat Wall Street estimates for quarterly profit on Wednesday on robust sales of its medical devices, but the company’s stock fell 3% i[...]
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Adidas shares surpass two-year high as ‘terrace’ sneaker trend boosts brand heat
By Linda Pasquini (Reuters) -Shares in Adidas rose more than 8% on Wednesday, hitting their highest level in over two years after the German sportswear giant on Tuesday reported quarterly results abov[...]
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Baltimore’s alternate shipping channels not deep enough, Maersk says
OSLO (Reuters) – The Baltimore port’s alternate shipping channels are not deep enough to accommodate the oceangoing container vessels that Maersk and other carriers use, the Danish shippin[...]
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Vietnam’s VinFast’s jump in EV deliveries drives Q1 revenues higher
By Phuong Nguyen and Zaheer Kachwala (Reuters) -Vietnamese electric vehicle-maker VinFast boosted vehicle deliveries in the first quarter and tripled its revenue compared with a year ago, although its[...]
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