By Joanna Plucinska LONDON, Sept 14 (Reuters) – AirBaltic is in talks with labour unions to come to an agreement on an “adjustment in the workforce,” Chief Executive Erno Hilden told Reuters on Monday after the Latvian carrier announced it was voluntarily entering Chapter 11 bankruptcy proceedings.
BELGRADE, Serbia (AP) — University students behind nearly two years of anti-government protests in Serbia on Monday formally entered the election race before an early parliamentary vote, challenging populist President Aleksandar Vucic. The youth movement submitted their election list to the state el
NEW YORK, Sept 14 (Reuters) – Bank of America expects its investment banking fees to drop by at least 10% in the third quarter, while sales and trading revenue will be flat, CEO Brian Moynihan said on Monday. Shares of BofA extended losses after his comments, dropping over 5% by late afternoon trade
PORTLAND, Maine (AP) — The Supreme Court will decide later this month whether to hear a lobster fisherman’s challenge to a government requirement that boats use electronic tracking devices. That case could have broad consequences for the American commercial fishing industry. Maine lobsterman Frank T
Costco has raised the price of motor oil sold under its exclusive private-label brand as well as limited how much of it customers can buy weekly as oil prices climb yet again. Americans looking to try to save some money by purchasing motor oil to do their own oil changes may consider this yet anothe
By Joanna Plucinska and Gianluca Lo Nostro LONDON, Sept 14 (Reuters) – After Latvian airline airBaltic filed Chapter 11 proceedings on Monday, the aviation sector is bracing for a tough winter as the Iran war continues to push up jet fuel costs. The U.S. war with Iran has sparked the worst airline c
By Scott DiSavino NEW YORK, Sept 14 (Reuters) – Oil prices climbed over 2% on Monday as worries about energy supplies mounted following new strikes on Saudi Arabian energy infrastructure and attacks on ships in the Middle East. Brent futures rose $2.72, or 2.6%, to $107.33 per barrel at 11:39 a.m. E
Sept 14 (Reuters) – DeepSeek plans to hire Yan Wentao, a partner at venture-capital firm GL Ventures, as its first chief financial officer, two people with knowledge of the matter said, as the Chinese AI startup prepares for a potential initial public offering. Reuters reported last week that Hangzh
Sept 14 (Reuters) – Anthropic CEO Dario Amodei on Saturday called for a slowdown in the pace of advanced AI development, winning rare backing from SpaceXAI’s Elon Musk and OpenAI CEO Sam Altman and sparking a debate over AI “doomerism”. President Donald Trump dismissed the warnings about AI’s potent
TOKYO (AP) — The president of Chubu Electric Power Co., Japan’s third-largest utility, said Monday that he and the chairperson are resigning to take responsibility over the company’s yearslong manipulation of earthquake safety data for two nuclear reactors and that the operator will withdraw applica
NEW YORK, Sept 14 (Reuters) – Benchmark 10-year U.S. Treasury yields climbed above 5% on Monday, the highest level since October 2023 and a closely watched psychological threshold that analysts say could ripple through the U.S. economy and threaten the bull market in stocks by denting the relative a
NEW YORK (AP) — Oprah Winfrey stood alone at the Sphere, attempting to comprehend what she had witnessed after U2’s opening night performance in 2023. Mesmerized by the multisensory event, the Queen of All Media had a thought: Could she use the groundbreaking, 4D capabilities of the globe-shaped are
BEIJING, Sept 14 (Reuters) – Guangzhou Automobile Group signed a letter of intent with FAW Group, another Chinese automaker, it said on Monday, to acquire part of FAW’s stake in a vehicle-manufacturing joint venture through a share issuance and proposed capital raise. If completed, FAW is expected t
Sept 14 (Reuters) – Dominion Energy and NextEra Energy on Monday said they would establish a Virginia supplier program worth up to $1 billion annually for five years if their proposed merger is approved. They announced merger plans in May, as rising power demand from data centers, electric vehicles
Sept 14 (Reuters) – The Nasdaq Composite and the S&P 500 indexes opened lower on Monday, weighed down by a selloff in key AI stocks after top U.S. executives cited safety risks and called for a slowdown in artificial-intelligence development. The S&P 500 fell 45.5 points, or 0.59%, at the open to 7,
By Georgina McCartney, Marianna Parraga and Arathy Somasekhar HUMBLE, Texas, Sept 14 (Reuters) – In the sweltering heat in Humble, Texas, just outside Houston, two workers were flattening out a yard with heavy compaction rollers, making room for pre-owned and auctioned U.S. oilfield equipment destin
Sept 14 (Reuters) – Japanese chipmaker Kioxia Holdings is considering raising at least $10 billion by listing American depositary receipts, or ADRs, Bloomberg News reported on Monday, citing people familiar with the matter. Kioxia has been speaking with lenders, including Bank of America, Goldman Sa
Sept 14 (Reuters) – Dell chief Michael Dell’s DFO Management and Sequence Holdings said on Monday they would take the Baldwin Group private in a deal valued at $7.7 billion, providing the insurance broker greater flexibility to pursue AI investments. The deal highlights a growing trend of companies
By Elizabeth Howcroft PARIS, Sept 14 (Reuters) – New York-based crypto data provider Kaiko has raised $110 million in a funding round led by S&P Global, in a sign of growing interest from mainstream financial institutions in tracking digital asset markets. Other investors in the round include BNP Pa
Sept 14 (Reuters) – CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.13 billion in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking up to $700 million by offering 35 million share
ROVANIEMI, Finland (AP) — European leaders were meeting Monday to discuss growing competition in the Arctic, where global warming is opening new shipping routes, governments are vying for vast natural resources and a Russian military buildup is heightening security concerns. German Chancellor Friedr
Sept 14 (Reuters) – Drug developer Electra Therapeutics is targeting a valuation of up to $977.6 million in its U.S. initial public offering, according to a filing on Monday, extending a comeback in biotech listings this year. The South San Francisco, California-based company is seeking to raise as
By Foo Yun Chee BRUSSELS, Sept 14 (Reuters) – Kimberly-Clark is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal after a preliminary review, people familiar with the matter said. Kimberly-Clark shar
SHANGHAI, Sept 14 (Reuters) – China’s central bank plans to introduce new metrics into its Macro Prudential Assessment framework, aiming to curb banks’ excessive holdings in long-dated bonds and funds that could heighten investment risks, sources familiar with the matter said on Monday. The plan als
By Niket Nishant and Tharuniyaa Lakshmi Sept 14 (Reuters) – Wall Street’s main indexes were on track to open lower on Monday, weighed down by a selloff in big AI stocks after top U.S. executives cited safety risks and called for a slowdown in artificial-intelligence development. Shares of Nvidia fel
By Gertrude Chavez-Dreyfuss NEW YORK, Sept 14 (Reuters) – A global bond market in turmoil is likely to face a Federal Reserve rate hike this week that would boost borrowing costs and slow the economy. But many investors warn the bigger problems could lie ahead should the Fed instead stand pat. Holdi
By Ann Saphir and Michael S. Derby Sept 14 (Reuters) – Federal Reserve Chairman Kevin Warsh dislikes giving any guidance about the likely path of U.S. interest rates, but elevated inflation, $100-a-barrel oil, and his own emphasis on the need to deliver price stability and to pay attention to signal
By Indradip Ghosh BENGALURU, Sept 14 (Reuters) – The Federal Reserve will raise its interest rate on Wednesday and deliver at least one more hike by the end of March, according to a majority of economists polled by Reuters, reversing a fragile no-change consensus that prevailed before official data
By Emily Chow and Florence Tan BANGKOK, Sept 14 (Reuters) – Chevron is looking to expand its global gas portfolio from Argentina to the Mediterranean to meet growing demand from buyers concerned about energy security due to the crisis in the Middle East, President of Global Gas Freeman Shaheen said.
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG, Sept 14 (Reuters) – A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country’s factory ecosystem is not so easy and are bringing manufacturing back. Last year
