News
Important Only
Microsoft racks up over $500 million in AI savings while slashing jobs, Bloomberg News reports
July 9 (Reuters) - Microsoft MSFT.O saved more than $500 million in its call centers alone last year by using artificial intelligence, Bloomberg News reported on Wednesday. The tech giant last week announced plans to lay off nearly 4% of its workforce as it looks to rein in costs amid hefty investme...Reuters
Wed, Jul 9
VW halts exports of ID.Buzz bus to US, Handelsblatt says
July 9 (Reuters) - German automaker Volkswagen VOWG.DE has halted deliveries of its ID.Buzz electric minibus to the United States, the Handelsblatt newspaper reported on Wednesday, citing company sources. The exports were halted for now due to a technical recall and tariffs imposed by President Dona...Reuters
Wed, Jul 9
Google, Texas clash over upcoming digital advertising antitrust trial
By Mike Scarcella July 9 (Reuters) - Alphabet’s Google GOOGL.O is sparring with Texas and other states over the contours of an upcoming trial that could expose the technology giant to more than $100 billion in penalties over its alleged dominance in the digital advertising market.The two sides su...Reuters
Wed, Jul 9
T-Mobile ending DEI programs as it seeks US FCC approval for 2 deals
By David Shepardson July 9 (Reuters) - Wireless carrier T-Mobile US TMUS.O said on Wednesday it is ending its diversity, equity and inclusion programs, under pressure from the Trump administration as it seeks regulatory approval for two major deals.T-Mobile said in a letter to Federal Communicati...Reuters
Wed, Jul 9
Trump welcomes IRS decision to let churches endorse political candidates
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday welcomed the Internal Revenue Service's decision that houses of worship could endorse political candidates to their congregations without risking losing their status as tax-exempt nonprofits."I love the fact that churche...Reuters
Wed, Jul 9
Zelenskiy says he had 'substantive' conversation with US envoy Kellogg
KYIV, July 9 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday he had a "substantive" conversation with U.S. special envoy Keith Kellogg."We discussed weapons supplies and strengthening air defense. Given the increase in Russian attacks, this remains one of our top pr...Reuters
Wed, Jul 9
US extends deadline for fentanyl sanctions on three Mexican financial institutions
MEXICO CITY, July 9 (Reuters) - The U.S. Treasury said on Wednesday it had extended a deadline to September 4 for a prohibition on certain transactions involving three Mexican financial institutions hit by sanctions last month over alleged money laundering linked to fentanyl trafficking. The actions...Reuters
Wed, Jul 9
FEMA should be 'eliminated as it exists today,' DHS head Noem says
July 9 (Reuters) - The Federal Emergency Management Agency should be eliminated in its current form and reformed so it responds more effectively to disasters, U.S. Homeland Security Secretary Kristi Noem said at a meeting on reforming FEMA on Wednesday.Speaking at a review council discussing reforms...Reuters
Wed, Jul 9
Exclusive: Falvey hires AIG’s Platusich to spearhead marine hull and liability entry
By Chris MunroJuly 9 - (The Insurer) - Falvey Insurance Group has hired Christian Platusich from AIG ahead of an expected move into the marine hull and liability market.Marine market sources told Program Manager that Platusich recently joined Falvey and is expected to build a book of marine hull and...Reuters
Wed, Jul 9
Trump: love the fact churches can endorse political candidates
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump on Wednesday backed the Internal Revenue Service decision that houses of worship can endorse political candidates to their congregations without risking losing their status as tax-exempt nonprofits."I love the fact that churches could en...Reuters
Wed, Jul 9
France's General Rapporteur Announces That An Objection Has Been Notified To The Meta Group- Statement
July 9 (Reuters) - Meta Platforms Inc META.O:FRANCE'S GENERAL RAPPORTEUR ANNOUNCES THAT AN OBJECTION HAS BEEN NOTIFIED TO THE META GROUP- STATEMENTSource https://tinyurl.com/3hzf3r7yReuters
Wed, Jul 9
Chevron Reducing Local, Regional Business Units In Favor Of Centralized Model And Cut As Much As $3 Billion Of Costs By 2026- Bloomberg News
July 9 (Reuters) - CHEVRON REDUCING LOCAL, REGIONAL BUSINESS UNITS IN FAVOR OF CENTRALIZED MODEL AND CUT AS MUCH AS $3 BILLION OF COSTS BY 2026- BLOOMBERG NEWSSource text: https://bloom.bg/4lnA0fBReuters
Wed, Jul 9
Experimental surgical robot performs gallbladder procedure autonomously
By Kamal ChoudhuryJuly 9 (Reuters) - An experimental AI-guided robot can autonomously perform a delicate, complicated phase of a common gallbladder operation, marking a major step toward automated medical procedures, researchers said on Wednesday.Existing surgical robots are remotely controlled by ...Reuters
Wed, Jul 9
FACTBOX-Trump's tariffs: What's in effect and what could be in store?
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries...Reuters
Wed, Jul 9
Brazil to summon US envoy over remarks on Bolsonaro, local media reports
SAO PAULO, July 9 (Reuters) - Brazil's government will summon the U.S. embassy's chargé d'affaires after the diplomatic mission released a statement echoing President Donald Trump's defense of former Brazilian leader Jair Bolsonaro, local media reported on Wednesday. Trump said i...Reuters
Wed, Jul 9
EXCLUSIVE-OpenAI to release web browser in challenge to Google Chrome
Web browser will include chat interface, enable AI agent integrationsLaunch intensifies OpenAI's competition with Google in AI raceNew product is part of OpenAI's broader strategy to capture data on users' web behaviorBy Kenrick Cai, Krystal Hu and Anna Tong SAN FRANCISCO, July 9 (Reu...Reuters
Wed, Jul 9
India's Manipal Hospitals to buy majority stake in local peer Sahyadri
July 9 (Reuters) - Ontario Teachers' Pension Plan (OTPP) said on Wednesday that it has agreed to sell its majority stake in India's Sahyadri Hospitals Group to Temasek-backed Manipal Hospitals. The pension fund, which acquired the stake in Sahyadri Hospitals in 2022, did not disclose the val...Reuters
Wed, Jul 9
Trump says government will reach deal with Harvard
WASHINGTON, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday that his administration will reach a deal with Harvard."Harvard's been very bad -- totally antisemitic. And, yeah, they'll absolutely reach a deal," he told reporters at the White House.Reuters
Wed, Jul 9
