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…
(Reuters) – Amazon MGM Studios has entered a multi-year film partnership with Scott Stuber, the former longtime head of films at Netflix, to finance and release movies from his new production company, it said on Friday. Stuber, who left Netflix in March to start his media company, will produce several films annually under United Artists…
WASHINGTON (Reuters) – A group of 26 state attorneys general led by West Virginia and Kentucky on Wednesday challenged the Biden administration’s new fuel economy rules, calling the requirements unworkable and forcing automakers to build more electric vehicles. The National Highway Traffic Safety Administration on June 7 finalized tighter vehicle fuel economy rules through 2031…
(Reuters) – Volvo will postpone the U.S. deliveries of its EX30 electric car as it shifts production of the compact SUV out of China in the wake of tariff hikes, Bloomberg News reported on Wednesday. The EX30’s shipments to the United States were due this fall, but the automaker won’t deliver the cars until 2025…
By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Tuesday, extending the previous day’s rally on hopes of higher seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, though gains were capped by a firmer dollar. Brent crude futures climbed 28 cents, or 0.3%, to $81.91 per barrel by 0038 GMT…
SAO PAULO (Reuters) – Economic activity in Brazil rose for the fourth straight month in February, a central bank index showed on Wednesday. The IBC-Br economic activity index, considered a leading indicator of gross domestic product, increased by a seasonally adjusted 0.4%, matching expectations from analysts polled by Reuters, and following a revised 0.52% increase…
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…
(Reuters) – Warren Buffett’s Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing. Buffett’s company bought additional shares in Occidental’s common stock for more than $150 million and now owns about 250.6 million shares in the energy producer. Occidental shares closed at…
(Reuters) – A union representing flight attendants for American Airlines Group said on Thursday they are preparing to strike after contract negotiations with the carrier failed to produce an agreement this week. The Association of Professional Flight Attendants (APFA), which represents about 28,000 American Airlines flight attendants, said after a year of mediated talks with…
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…
