Category Archives:
South Korea takes step to cut homeowners’ tax as housing prices tumble
SEOUL (Reuters) - South Korea has sharply lowered official reference housing prices for this year, which will result in a large fall in taxes for homeowners, as the government has been trying to put a...
Mar 22, 2023
Explainer-What is the European Union AI Act?
LONDON (Reuters) - The AI Act is expected to be a landmark piece of EU legislation governing the use of artificial intelligence in Europe that has been in the works for over two years. Lawmakers have ...
Mar 22, 2023
As AI booms, EU lawmakers wrangle over new rules
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) - Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European ...
Mar 22, 2023
Exclusive-Virgin Orbit in talks to raise $200 million from Matthew Brown-term sheet
By Joey Roulette WASHINGTON (Reuters) - Billionaire Richard Branson's cash-strapped Virgin Orbit is near a deal for a $200 million investment from Texas-based venture capital investor Matthew Brown vi...
Mar 22, 2023
Marketmind: Jittery markets attempt risk-on rally while waiting for Powell
A look at the day ahead in European and global markets from Ankur Banerjee With about 12 hours still to go before the Fed announces its policy decision, investors are attempting a bit of a risk-on ral...
Mar 22, 2023
Chip plants in China won’t be forced to shut if firms receive US funding, says S.Korea
SEOUL (Reuters) - South Korea's trade ministry said on Wednesday that the United States' proposed rules to prevent $52 billion in chip funding from being used by "countries of concern" will not force ...
Mar 22, 2023
Fed’s Powell faces political storm, policy minefield over SVB oversight
By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, a decision that will land amid a brewing political s...
Mar 22, 2023
Arkansas enacts law restricting school bathroom use by transgender people
(Reuters) - Arkansas Governor Sarah Huckabee Sanders on Tuesday signed a law targeting the trans community, prohibiting transgender people from using the restroom that matches their gender identity at...
Mar 21, 2023
Sri Lanka receives first tranche of IMF bailout
By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday. The crisis-ridden island nat...
Mar 21, 2023
Venezuela president names PDVSA head as new oil minister
By Deisy Buitrago CARACAS (Reuters) - Venezuelan President Nicolas Maduro on Tuesday named the head of state oil company PDVSA, Pedro Rafael Tellechea, as the new oil minister, a day after his predece...
Mar 21, 2023
Peoria, IL, USA
42 °F Partly cloudy
