Author: Reuters Econ

Amazon CEO ​Andy Jassy was among tech leaders who raised concerns to ‌senior Trump administration officials this week about security risks in Anthropic’s most advanced AI models, a person familiar with the matter told Reuters.

An ​Indian pollution regulator has alleged wastewater discharged from a Tata components factory for Apple’s iPhone has contaminated the ‌groundwater for nearby farms and warned of a forced shutdown unless Tata gives a satisfactory explanation.

U.S. consumer sentiment improved in early June as easing gasoline ​prices offered households some relief, though ‌concerns about inflation lingered, a survey showed on Friday.

The U.S. Supreme Court sided on Thursday with a group ‌of investment funds affiliated with BlackRock and other asset managers in their bid to fend off certain lawsuits brought by private plaintiffs under a key federal securities law.

U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027.

Harley-Davidson said on Tuesday it is bringing ​production of the ‌Revolution Max engine platform for North America back to ​the U.S.

U.S. passenger airlines’ fuel ​costs jumped 78% ‌in April to nearly $6.5 billion over the ​same month ​last year as the ⁠conflict in the Middle ​East has sharply ​driven up fuel costs, the U.S. Transportation Department ​said Monday.

Italy’s ITA Airways will decide ​within the next eight weeks whether ‌to sue aerospace supplier RTX’s Pratt & Whitney due to engine problems that have ​grounded almost 20% of its ​fleet of 80 aircraft, the carrier’s ⁠CEO told Reuters on Sunday.

Global airline chiefs open their annual summit in Rio de Janeiro ​on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel ‌costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity.

The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year and sending short-term interest rates higher on Friday morning in the face of inflation stemming from the war with Iran.