By Ankika Biswas (Reuters) – As investors the world over brace for a global trade war with U.S. President-elect Donald Trump returning to the White House next week, several economists and strategists believe his proposed hefty tariff hikes could well be a negotiation tool. Even as China remains at the forefront of that risk, the…
By Greg Bensinger (Reuters) – TikTok is entering its final hours in the U.S. ahead of a potential ban effective on Sunday, prompting howls of protest from devoted users of the beloved video-streaming app. Chelsea Rossi could not be happier. The part-time real estate agent from Albany, New York, said she spends a minimum of…
(Reuters) – Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock on Friday, resolving allegations that the asset manager misled customers regarding the role of ESG factors in its investment practices. The settlement ends a lawsuit that the state had filed against BlackRock in December 2023. Terms of the settlement were not disclosed. “While…
By Timothy Gardner WASHINGTON (Reuters) – U.S. President Joe Biden’s administration has protected about 84%, or $96.7 billion in clean energy grants created by its signature climate law from any clawback by the next administration, a White House official said on Friday. WHY IT’S IMPORTANT The 84% of the grants from the Inflation Reduction Act…
WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Thursday it has referred to the Justice Department a complaint against Snap Inc., that alleges its messaging app Snapchat used an artificial intelligence chatbot that harmed young users. The consumer protection agency did not provide any further detail on the alleged harm from the My AI…
By Patrick Wingrove (Reuters) – Novo Holdings, the controlling shareholder of Novo Nordisk, hopes to double the size of its recently acquired contract drugmaker Catalent over five years, a senior partner at the investment firm said, as it prepares for a likely focus on U.S. manufacturing by President-elect Donald Trump. Novo Holdings last month closed…
(Reuters) – Microsoft said on Thursday that it is now including Copilot AI features to its Microsoft 365 suite for individual consumers, a day after it rolled out on-demand AI agents for businesses. The Windows-maker will give its customers an option to either choose a Microsoft 365 subscription plan with Copilot AI features or one…
WASHINGTON (Reuters) -U.S. President-elect Donald Trump plans to announce Sean Curran as his pick for director of the Secret Service, CNN reported on Thursday, citing multiple sources familiar with the plan. Curran has served as the special agent in charge of Trump’s security detail and was with him at the time of an assassination attempt…
WASHINGTON (Reuters) – President-elect Donald Trump’s pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is interested in potentially enacting tariffs on carbon emissions. “It’s a very interesting idea that could be part of an entire tariff program,” Bessent told the Senate Finance Commmittee, “President Trump hasn’t taken office yet but…
By Nqobile Dludla CAPE TOWN (Reuters) – U.S. e-commerce giant Amazon.com opened on Thursday a walk-in centre in South Africa that it says will help its independent sellers attract more customers and expand their businesses, while it also seeks to gain market share. For Amazon – which is striving to catch up with market-leader Takealot,…
