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US factory boom disproportionately favors poorer counties, study shows

By Timothy Aeppel (Reuters) - A surge of factory building fueled by Biden administration investments in "strategic sectors" such as clean energy and semiconductors has so far flowed disproportionately to U.S. counties with relatively distressed economies and notably has not…

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Feb 13, 2024
Rising rents push US inflation higher; rate cuts still expected in 2024

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January amid a surge in the cost of rental housing, but the pick-up in inflation did not change expectations the Federal Reserve will start cutting interest…

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Feb 13, 2024
EU’s Borrell suggests US cut military aid to Israel

By Andrew Gray BRUSSELS (Reuters) -European Union foreign policy chief Josep Borrell on Monday made a thinly veiled call on the U.S. to cut arms supplies to Israel due to high civilian casualties in its war in Gaza. Borrell recalled…

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Feb 12, 2024
GM Cruise robotaxi unit names former Ford, Apple exec as safety chief

By David Shepardson WASHINGTON (Reuters) - General Motors' Cruise said Monday it named a longtime auto and tech industry employee as head of safety for the robotaxi unit. Cruise named Steve Kenner as its chief safety officer, who will oversee…

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Feb 12, 2024
Robot invasion hit a bump in 2023 as North American economy cooled

By Timothy Aeppel (Reuters) - North American companies ordered about a third fewer robots last year as worries about a slowing economy and higher interest rates made it harder to justify buying the advanced machines, the first hiccup in five…

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Feb 12, 2024
IMF’s Gopinath urges central banks to move cautiously on any rate cuts

WASHINGTON (Reuters) - The No. 2 official at the International Monetary Fund on Monday said inflation had come down in many countries and the global economy appeared headed for a soft landing, but central banks should to move cautiously on…

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Feb 12, 2024
Congo protesters burn US and Belgian flags, target Western embassies

By Ange Kasongo KINSHASA (Reuters) - Police in Democratic Republic of Congo fired tear gas on Monday to disperse protesters who burned tyres and U.S. and Belgian flags near Western embassies and U.N. offices in the capital Kinshasa, angry about…

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Feb 12, 2024
Dutch court orders halt to export of F-35 jet parts to Israel

By Stephanie van den Berg THE HAGUE (Reuters) -A Dutch court on Monday ordered the government to block all exports of F-35 fighter jet parts to Israel over concerns they were being used to violate international law during the war…

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Feb 12, 2024
Russian oligarch’s seized yacht costs $7 million a year to maintain, US says

By Luc Cohen NEW YORK (Reuters) - The U.S. government said it is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian oligarch, and urged a judge to let it auction the…

Featured
Feb 12, 2024
Nvidia CEO Huang says countries must build sovereign AI infrastructure

AMSTERDAM (Reuters) -Nvidia CEO Jensen Huang said on Monday that every country needs to have its own artificial intelligence infrastructure in order to take advantage of the economic potential while protecting its own culture. "You cannot allow that to be…

Featured
Feb 11, 2024
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