Economic News
- Reuters
By Blake Brittain (Reuters) – French luxury house Hermes International has asked a Manhattan federal court to block artist Mason Rothschild from promoting or owning his “MetaBirkin” non-fungible tokens after a jury found they violate Hermes’ trademark rights in its famous Birkin bags.
- Reuters
WASHINGTON (Reuters) – U.S. auto safety regulators said Monday they are opening a probe into Amazon unit Zoox self-certification in 2022 of a robotaxi without traditional driving controls.
- Reuters
MANAGUA (Reuters) – Nicaraguan authorities closed down the country’s largest business association on Monday, the latest blow in a years-long crackdown on any opposition to the government of President Daniel Ortega.
- Reuters
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) is set to maintain ultra-low interest rates, including a controversial bond yield cap, on Friday as it awaits a leadership transition that could eventually end outgoing chief Haruhiko Kuroda’s massive monetary stimulus.
- Reuters
(Reuters) – Microsoft Corp on Monday bundled the technology behind ChatGPT with its Power Platform that allows users to develop applications with little or no coding, the latest integration of artificial intelligence into its products.
- Reuters
(Reuters) -Twitter’s services were down for thousands on Monday, with users reporting issues with accessing links from the Elon Musk-headed social media platform to other websites.
- Reuters
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve Bank of New York reported Monday a large drop in global supply chain pressures last month.
- Reuters
By Nick Starkov KYIV (Reuters) – The head of Russia’s Wagner mercenary force warned that Russia’s position around the eastern Ukrainian city of Bakhmut was in peril unless his troops got ammunition, the latest sign of tension between the Kremlin and the private militia chief.
- Reuters
By Steven Scheer JERUSALEM (Reuters) – Israeli President Isaac Herzog on Monday said a compromise over the government’s plans to overhaul the judicial system, which has led to mass protests, is “closer than ever”, sending financial markets sharply higher.
- Reuters
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden plans to unveil his upcoming budget proposal to Congress with unusual fanfare on Thursday, holding a campaign-style event intended to trumpet an economic agenda imperiled by high inflation and Republican debt limit threats.
- Reuters
LONDON (Reuters) – Russia’s FSB security service said on Monday it had thwarted a Ukraine-backed car bomb attack against a prominent nationalist businessman who has been a cheerleader for Moscow’s war in Ukraine.
- Reuters
WASHINGTON (Reuters) – Tesla Inc said it is recalling 3,470 2022 through 2023 Model Y vehicles in the United States because bolts securing the second-row seatback frames may not have been securely tightened, according to a filing made public Saturday.
- Reuters
PARIS (Reuters) – LVMH, the world’s largest luxury company, on Monday named Stephane Rinderknech as chairman and CEO of its beauty division, rounding out a series of broader management changes at the owner of Guerlain and Parfums Christian Dior.
- Reuters
By Katharine Jackson WASHINGTON (Reuters) – The Democratic-controlled Washington city council on Monday withdrew a bill aimed at overhauling the city’s criminal code, which Congress had been set to overturn in a move that President Joe Biden had vowed not to block.
- Reuters
By Giuseppe Fonte ROME (Reuters) – Italy seems to have avoided an economic recession despite being hit by costly energy prices and record high inflation, Economy Minister Giancarlo Giorgetti said on Monday, offering a less grim outlook for the right-wing government.
- Reuters
SAO PAULO (Reuters) – Brazilian airline Azul SA said on Monday that its fourth-quarter adjusted net loss deepened on a yearly basis, but it expects bluer skies ahead thanks to a fresh deal with aircraft lessors to reduce payments.
- Reuters
MADRID (Reuters) – A former Mexican beauty queen and her partner enjoyed a 14-course dinner at Atrio’s Michelin-starred restaruant and hotel in western Spain followed by a guided tour of its wine cellar.
- Reuters
By Leah Douglas (Reuters) – Companies labeling their meat, poultry, or eggs as a U.S. product must raise and slaughter the animals within the country under a new rule proposed by the Biden administration on Monday.
- Reuters
By Mike Scarcella (Reuters) – The U.S. Justice Department is fighting to keep its digital advertising lawsuit against Google in Virginia federal district court, warning of potential prolonged litigation if the Alphabet Inc unit wins its effort to transfer the government’s new case to New York.
- Reuters
By Jan Lopatka DECIN, Czech Republic (Reuters) – Losing a tank or valued U.S.-made high mobility artillery rocket systems (HIMARS) can hurt an army less if the weapon is a cheap inflatable decoy placed on the frontlines to deceive the enemy.