Aug 12, 2022
U.S. tightens export controls on advanced chip, gas turbine engine tech

By David Shepardson WASHINGTON (Reuters) -The United States on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said are critical to its national security. The "emerging and foundational…

Aug 11, 2022
Two lawmakers ask U.S. regulator about Tesla crashes, safety probes

By David Shepardson WASHINGTON (Reuters) - Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla Inc electric vehicles using Autopilot and advanced driver assistance…

Aug 09, 2022
Tennis-Serena Williams to retire from playing after U.S. Open

By Amy Tennery NEW YORK (Reuters) - American great Serena Williams said on Tuesday she was "evolving away from tennis" and planned to retire from the sport she dominated with 23 Grand Slam titles following the U.S. Open tournament, which…

Aug 08, 2022
U.S. fuel retailers rail against green aviation fuel tax credit

By Laura Sanicola NEW YORK (Reuters) - U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats' $430 billion spending bill, arguing SAF is more carbon intense and less efficient than renewable…

Aug 01, 2022
U.S. considers crackdown on memory chip makers in China

By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) - The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter,…

Aug 01, 2022
Wall Street ends down after biggest month since 2020

By Aniruddha Ghosh and Noel Randewich (Reuters) - Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil and other energy companies weighing against gains in Boeing as investors digested the U.S. stock market's biggest…

Jul 28, 2022
Russia fines WhatsApp, Snap and others for storing user data abroad

MOSCOW (Reuters) -A Russian court on Thursday fined Meta Platforms Inc's WhatsApp messenger, Snapchat owner Snap Inc and other foreign firms for their alleged refusal to store the data of Russian users domestically. Moscow has clashed with Big Tech over…

Jul 27, 2022
Cost of living crisis? Consumers keep spending for now

By Richa Naidu and Sachin Ravikumar LONDON (Reuters) - Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last.…