US regulator streamlines bank merger reviews
By Pete Schroeder(Reuters) -A leading U.S. bank regulator on Thursday reestablished a streamlined process for considering bank mergers, and scrapped an earlier policy statement suggesting larger bank deals would merit closer scrutiny.The Office of the Comptroller of...
Democrats challenge Wisconsin congressional map, eyeing 2026 midterm elections
By Joseph Ax(Reuters) – Democrats have asked the Wisconsin Supreme Court to invalidate the state’s congressional map as illegally advantageous to Republicans, a move that if successful could help determine which party controls the U.S. House of...
Exclusive-Nordics and Estonia plan offline card payment back-up if internet cut
By Anne KauranenHELSINKI (Reuters) – Finland, Sweden, Norway, Denmark and Estonia are planning to roll out a system of offline card payments to provide a back-up if internet connections are lost, including due to sabotage, Bank of Finland board member Tuomas...
Uber shares fall as first-quarter revenue miss clouds upbeat forecasts
(Reuters) -Uber Technologies missed quarterly revenue estimates as growth in its ride-hailing unit slowed to its weakest since the pandemic, stirring fears of slowing demand against the backdrop of a murky economic outlook and clouding an upbeat forecast.Shares of the...
Disney beats earnings forecasts on boost from streaming, US parks
By Lisa Richwine and Dawn ChmielewskiLOS ANGELES (Reuters) – Walt Disney’s quarterly results topped Wall Street expectations on Wednesday as visitors to its U.S. theme parks increased spending in the first three months of the year and the company saw an...
Tesla’s China-made EV sales fall 6% y/y in April as woes deepen
BEIJING (Reuters) – Tesla’s China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the U.S. automaker grapples with intense competition from its Chinese rivals and a tarnished image in...
Airlines re-route, cancel flights due to India-Pakistan fighting
By Ben Blanchard, Abhijith Ganapavaram and Dan CatchpoleTAIPEI/NEW DELHI (Reuters) -Several Asian airlines including Taiwan’s China Airlines and Korean Air said on Wednesday they were re-routing or cancelling flights to and from Europe, and about a dozen Indian...
Amazon’s Bezos leads new investment in AI data company Toloka
By Alexander MarrowLONDON (Reuters) -Jeff Bezos’ personal firm Bezos Expeditions is leading a $72-million investment in artificial intelligence data solutions company Toloka, which is looking to scale up its business, Toloka told Reuters on Wednesday. Toloka,...