Biden administration weighs largest ever draw from emergency oil reserve- sources

A US postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, US, March 29, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Register WASHINGTON, March 30 (Reuters) – The Biden administration is considering releasing up to 180 million barrels of oil over … Read more

Tesla recalls 947 US vehicles over delay in rearview image display, NHTSA says

WASHINGTON, March 25 (Reuters) – Tesla Inc is recalling 947 vehicles in the United States because the rearview image may not immediately display when they begin to reverse, the National Highway Traffic Safety Administration (NHTSA) said. The automaker told the NHTSA the recall covers some 2018-2019 Model S, Model X, and 2017-2020 Model 3 vehicles … Read more

US FCC adds Russia’s Kaspersky, China telecom firms to national security threat list

WASHINGTON, March 25 (Reuters) – The Federal Communications Commission (FCC) on Friday added Russia’s AO Kaspersky Lab, China Telecom (Americas) Corp (0728.HK) and China Mobile International USA (0941.HK) to its list of communications equipment and service providers deemed threats to US national security. The regulator last year designated five Chinese companies including Huawei Technologies Co … Read more

Cryptoverse: Bitcoin’s scared of commitment, Mr Biden

March 15 (Reuters) – Bitcoin loves flirting with the mainstream. But now, as the US president says he wants to get serious, he may be getting cold crypto feet. When Joe Biden ordered officials to prepare reports on the role of cryptocurrencies in future finance last Wednesday, bitcoin leapt as much as 9% and ether … Read more

Inflation surge, war cloud Fed’s interest rate trajectory

Federal Reserve Chair Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, US, March 3, 2022. Tom Williams/Pool via REUTERS Register now for FREE unlimited access to Register WASHINGTON, March 15 (Reuters) – New economic projections from the Federal Reserve this week will … Read more

US eliminates human controls requirement for fully automated vehicles

An attendee takes a selfie inside a Cruise Origin autonomous vehicle, a Honda and General Motors self-driving car partnership, during its unveiling in San Francisco, California, US January 21, 2020. REUTERS/Stephen Lam Register now for FREE unlimited access to Register WASHINGTON, March 10 (Reuters) – US regulators on Thursday issued final rules eliminating the … Read more

Russia, Belarus squarely in ‘default territory’ on billions in debt -World Bank

People walk near the Moscow International Business Centre, also known as “Moskva-City”, in Moscow, Russia November 12, 2019. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Register WASHINGTON, March 9 (Reuters) – Russia and Belarus are edging close to default given the massive sanctions imposed against their economies by the United States and … Read more

Corporate power keeps US wages 20% lower than they should be-White House

WASHINGTON, March 7 (Reuters) – With inflation at a four-decade high, a US government report shows corporate America has used its clout in the labor market to keep wages 20% lower than they should be, the White House said on Monday. The report, prepared by the Treasury Department with help from the Justice Department, Labor … Read more

Former Ghosn deputy set for US return after suspended sentence

Greg Kelly, former executive of Nissan Motor Co., walks in the Tokyo District Court, in Tokyo, Japan, March 3, 2022. Zhang Xiaoyu/Pool via REUTERS Register now for FREE unlimited access to Register TOKYO, March 3 (Reuters) – A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence for … Read more