WASHINGTON (Reuters) – Relatives of the victims of two fatal Boeing 737 MAX crashes asked the Justice Department on Wednesday to seek a fine against the planemaker of up to $24.78 billion…
Author: Financial Edge Daily
Russia’s Putin and North Korea’s Kim sign mutual defence pact
By Josh Smith and Ju-min Park SEOUL (Reuters) -Russian President Vladimir Putin signed a deal with North Korea’s Kim Jong Un on Wednesday that included a mutual defence pledge, one of Russia’s…
Former OpenAI chief scientist to start a new AI company
(Reuters) – ChatGPT maker OpenAI’s co-founder and former chief scientist Ilya Sutskever said on Wednesday that he was starting a new artificial intelligence company. The company is focused on creating a safe…
Crypto firm Consensys says US regulator has closed inquiry into Ethereum 2.0
(Reuters) -The U.S. Securities and Exchange Commission has closed its investigation into the blockchain protocol Ethereum 2.0, cryptocurrency firm Consensys said in a post on social media platform X late on Tuesday….
India approves $9-billion port to boost trade with Europe
NEW DELHI (Reuters) – India’s cabinet approved development on Wednesday of a new deep-water port that the government said will be a crucial part of a plan to connect the Asian country…
EV startup Fisker’s U.S. units file for bankruptcy
(Reuters) – Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a court in Delaware on Wednesday. Fisker Inc…
Stocks bask in Nvidia glow, dollar steady
By Amanda Cooper LONDON (Reuters) -Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia the world’s most valuable company, while the…
CBO projects FY 2024 US deficit to jump to $1.9 trln amid higher outlays
WASHINGTON (Reuters) – The U.S. budget deficit will jump to $1.915 trillion for fiscal 2024, topping last year’s $1.695 trillion gap as the largest outside the COVID-19 era, the Congressional Budget Office…
Chile lithium projects garner interest from over 50 companies
By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) – More than 50 companies have expressed interest in developing lithium projects in Chile, Finance Minister Mario Marcel said on Tuesday, after the…
Tesla must face owners’ lawsuit claiming it monopolizes vehicle repairs and parts
By Jonathan Stempel (Reuters) – A U.S. judge said Tesla vehicle owners can pursue a proposed class action accusing billionaire Elon Musk’s electric car company of monopolizing markets for repairs and parts,…