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 most significant moves in Asia for years that Kim said amounted to an “alliance”. Putin’s pledge overhauls Russia’s entire post-Soviet policy on North…
By Daniel Wiessner (Reuters) -A U.S. appeals court on Thursday revived a software engineer’s proposed class action claiming Meta Platforms refused to hire him because it preferred to give jobs to foreign workers who are paid lower wages. The San Francisco-based 9th U.S. Circuit Court of Appeals in a 2-1 ruling said that a Civil…
(Reuters) – The billionaire Winklevoss twins, founders of cryptocurrency company Gemini, were refunded after their bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law, Bloomberg News reported on Friday. Tyler and Cameron Winklevoss, whose crypto firm in February entered settlement agreements with U.S. and New York state financial regulators…
By Rich McKay (Reuters) – Winds and lightning strikes have sparked and fanned wildfires across the Pacific Northwest this week, including the largest fire in the United States, near the Oregon-Idaho border, which grew rapidly on Friday, fire officials said. The Durkee Fire near Huntington, Oregon, about 100 miles (160 km) north of Boise, Idaho,…
By Jeffrey Dastin and Aditya Soni SAN FRANCISCO (Reuters) – Apple’s developer conference on Monday was about more than infusing its software with the latest artificial intelligence technology, including from ChatGPT. It was also about selling more iPhones. Facing choppy consumer spending and resurgent tech rivals, Apple has looked to AI as a way to…
By David Shepardson WASHINGTON (Reuters) -AT&T said Friday the company suffered a massive hacking incident as data from about 109 million customer accounts containing records of calls and texts from 2022 was illegally downloaded in April. The U.S. telecom company said the FBI is investigating and at least one person has been arrested after AT&T…
By Martin Coulter, James Pearson LONDON (Reuters) -A global tech failure disrupted operations across multiple industries on Friday, halting flights and upending everything from banking to healthcare systems. WHAT HAPPENED? CrowdStrike, a U.S. cybersecurity company with a market value of about $83 billion, is among the most popular in the world, counting more than 20,000…
By Davide Barbuscia and Gertrude Chavez-Dreyfuss BOSTON (Reuters) – U.S. bond market participants are worried market liquidity will keep deteriorating as the U.S. Treasury continues to issue large amounts of debt to back deficit spending while dealers struggle to keep up with the ballooning size of the market. Liquidity – or the ability to trade…
(Reuters) -AMC Entertainment Holdings said on Monday it had reached an agreement with creditors that extends up to $2.45 billion of debt maturities from 2026 to 2029 and beyond. Under the terms of the deal, AMC will issue $1.2 billion of new secured term loans due 2029 in consideration for an open market purchase of…
(Reuters) – Clario, a software provider for drugmakers, has confidentially filed for an initial public offering in the United States and is targeting a valuation of more than $10 billion, Bloomberg News reported on Tuesday. The U.S. IPO market has witnessed an uptick in 2024 after a nearly two-year dry spell, as expectations of a…
