By Gabriel Araujo GAVIAO PEIXOTO, Brazil (Reuters) – Electric aircraft maker Eve has showcased for the first time the full-scale prototype of its “flying taxi,” achieving a milestone as the company aims to obtain certification and enter service in 2026. Eve, controlled by Embraer, rolled out its electric vertical take-off and landing (eVTOL) aircraft prototype…
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do more to prop up feeble domestic demand and an uneven economic recovery. Weak consumption in China has kept a lid on consumer prices since 2023…
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…
(Reuters) – Google said on Monday it would make it mandatory for advertisers to disclose election ads that use digitally altered content to depict real or realistic-looking people or events, its latest step to battle election misinformation. The update to the disclosure requirements under the political content policy requires marketers to select a checkbox in…
(Reuters) – Shares in European spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on alcoholic drinks. Alcoholic drinks should carry a label warning consumers about their cancer risks, U.S. Surgeon General Vivek Murthy said in an advisory, noting that their consumption increases the risk of developing breast,…
By Howard Schneider WASHINGTON (Reuters) – Inflation is nearing the Federal Reserve’s 2% target, and the central bank is expected to begin cutting interest rates as soon as September. While it may take a while for the pace of price increases to fall all the way to 2% – and policymakers will be sensitive to…
By Hyunjoo Jin, Ross Kerber and Tom Hals SAN FRANCISCO (Reuters) -Tesla will use Thursday’s strong support for Elon Musk’s $56 billion pay package to try to win over a Delaware judge that invalidated his 2018 agreement, the company’s board president said Friday. The long process to reaffirm the largest-ever corporate pay package ended Thursday,…
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 Ankika Biswas and Lisa Pauline Mattackal (Reuters) -Wall Street’s main indexes were set for a lackluster open on Wednesday as investors kept to the sidelines ahead of AI chip leader Nvidia’s quarterly results and the Federal Reserve’s policy meeting minutes later in the day. All eyes will be on whether semiconductor bellwether Nvidia’s first-quarter…
(Reuters) – Walmart will, for the first time ever, pay bonuses to its U.S. hourly store workers, including those at its pharmacy and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line staff. Both part-time and full-time associates will be eligible for the annual bonus program,…
