Bill Hwang's trial begins over collapse of his $36 billion Archegos fund
NEW YORK (Reuters) - Sung Kook "Bill" Hwang's criminal racketeering trial over the collapse of Archegos Capital Management begins on Wednesday with the selection of jurors who will decide if he and a deputy broke the law in a massive stock scheme t...
36m ago
Morning bid: Stocks buoyant as Sweden cuts, oil skids
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street looks to have brushed off the latest hawkish Federal Reserve noises and Disney's outsize swoon, with European bourses stalking new records as Sweden becomes the latest G10 c...
37m ago
Exclusive-US eyes curbs on China's access to AI software behind apps like ChatGPT
WASHINGTON (Reuters) - The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China with preliminary plans to place guardrails around the most advanced AI Models, the core software of artificial intelligen...
37m ago
Civil rights leader Daisy Bates to be honored with statue at US Capitol
By Richard Cowan WASHINGTON (Reuters) - The late U.S. civil rights leader and journalist Daisy Bates, who was instrumental in desegregating Arkansas public schools in the 1950s, will be honored on Wednesday when a statue of her is unveiled at the U...
37m ago
Europe in whooping cough epidemic as cases soar, says health agency
LONDON (Reuters) - Countries across Europe reported a huge rise in whooping cough cases in 2023 and the first three months of 2024, with ten times as many identified as in each of the previous two years. In total, there were nearly 60,000 cases rep...
37m ago
Korean Air sells five jets to U.S. aerospace firm Sierra Nevada
SEOUL (Reuters) - Korean Air will sell five of its planes to U.S. aerospace firm Sierra Nevada Corporation, the airline said in an exchange filing on Wednesday. Sierra Nevada recently won a $13 billion U.S. Air Force contract to develop a successor...
57m ago
Rockwell plans to expand in India with more factories, tech workers
By Praveen Paramasivam (Reuters) - Rockwell Automation is mulling expanding its technology workforce and opening more factories to boost manufacturing in India, a senior executive said on Wednesday, days after unveiling plans to construct a plant i...
58m ago
Russian billionaire Usmanov's sister Ismailova loses bid to overturn EU sanctions
BRUSSELS (Reuters) - Gulbakhor Ismailova, the sister of Uzbek-Russian billionaire Alisher Usmanov, lost a legal battle on Wednesday to overturn EU sanctions placed on her after Russia's 2022 invasion of Ukraine. The EU's Court of Justice said in a ...
58m ago
Berlin senator struck on head as concern grows over attacks on politicians
BERLIN (Reuters) - Berlin senator and former city mayor Franziska Giffey became the latest victim in a string of attacks on German politicians when a man struck her from behind with a heavy object in a local library, according to a police statement...
1h ago
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
ISTANBUL (Reuters) - A FedEx Airlines Boeing cargo plane landed at Istanbul Airport on Wednesday without the front landing gear deployed and managed to stay on the runway, Turkey's transport ministry said, adding that there were no casualties. The ...
1h ago