News
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ADVISORY-Alert referring to cyber threats and tagged to multiple companies withdrawn
An alert referring to cyber threats and tagged to multiple tech companies was inadvertently issued and has been withdrawn. The alert was filed off a release from a media group.There will be no substitute. STORY_NUMBER: nTUA4K9FNPSTORY_DATE: 13/05/2025STORY_TIME: 01:45:01 PM GMTReuters
3 hours ago
GM, LG to make new, lower-cost cells for future EVs
By Kalea HallDETROIT, May 13 (Reuters) - General Motors GM.N and battery partner LG Energy Solution 373220.KS are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday. The cells will have a lithium...Reuters
3 hours ago
Bank of America to open more than 150 new branches by 2027
By Saeed Azhar and Prakhar Srivastava May 13 (Reuters) - Bank of America BAC.N plans to open more than 150 new branches by the end of 2027, it said on Tuesday, as part of the lender's efforts to expand its physical presence across the United States.The bank will open 40 new branches this year...Reuters
3 hours ago
Honeywell's India unit posts smaller fourth-quarter profit as costs surge
May 13 (Reuters) - Honeywell Automation India HONE.NS reported a fall in fourth-quarter profit on Tuesday as rising expenses outpaced revenue growth.Profit at the Indian subsidiary of U.S. conglomerate Honeywell International HON.O fell 5.6% year-on-year to 1.4 billion rupees ($16.4 million) for the...Reuters
3 hours ago
Funding cuts leave women's aid organisations 'stretched to brink'
By Olivia Le Poidevin GENEVA, May 13 (Reuters) - Funding cuts have hit aid organisations that help the world's most vulnerable women especially hard, with over half of those surveyed at risk of closure within six months, a report by the United Nations agency for women said on Tuesday.Since U....Reuters
3 hours ago
Colombia's Nutresa Sells Stake In Starbucks Franchise Operator To Alsea Unit
May 13 (Reuters) - Grupo Nutresa SA NCH.CN late on Monday:NUTRESA SAYS IT SOLD 30% STAKE IN ESTRELLA ANDINA, STARBUCKS FRANCHISE OPERATOR IN COLOMBIA, TO UNIT OF MEXICO'S ALSEANUTRESA DID NOT DETAIL THE DEAL VALUEReuters
3 hours ago
RPT-INSIGHT-China's AI-powered humanoid robots aim to transform manufacturing
China's humanoid robots aim to boost economic growth, manufacturing edgeAdvances in AI help to make humanoid robots economically valuableGovernment subsidies, funds support humanoid robot developmentRobots' rise spurs talk of AI unemployment insuranceBy Brenda Goh, Eduardo Baptista, Qiaoyi L...Reuters
3 hours ago
DIARY-Political and General News Events from May 13
May 13 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
3 hours ago
US trade negotiator says 10% universal tariff will rebuild domestic manufacturing
US says moving quickly in talks with other countriesSectoral tariffs, universal 10% duty to stay in placeUS not trying to encircle China, Greer saysBy Andrea Shalal and Doina ChiacuWASHINGTON, May 13 (Reuters) - U.S. Trade Representative Jamieson Greer said on Tuesday a 10% universal tariff on goods...Reuters
3 hours ago
Trump administration terminates another $450 million in grants to Harvard
BOSTON, May 13 (Reuters) - U.S. President Donald Trump's administration said on Tuesday that eight federal agencies will terminate another $450 million in grants to Harvard University, on top of $2.2 billion in federal funding that it canceled last week.Reuters
3 hours ago
Origin Specialty gets Emerald Bay capacity for quick-service restaurant property program
By Chris MunroMay 1 - (The Insurer) - Origin Specialty Underwriters has launched an exclusive property program targeted at quick-service restaurants, with the offering backed by non-admitted AM Best A-minus rated capacity from Emerald Bay Specialty Insurance Company.The monoline property program off...Reuters
3 hours ago
China, Brazil agree to defend free trade as leaders meet in Beijing
Xi, Lula pledge to defend free trade, multilateralismChina, Brazil sign 20 deals including on agriculture exportsTwo sides voice support for direct talks between Russia, Ukraine BEIJING/BRASILIA, May 13 (Reuters) - China and Brazil pledged on Tuesday to defend free trade and multilateralism, sign...Reuters
3 hours ago
Sweden to propose EU membership of Pacific rim free trade group CPTPP
STOCKHOLM, May 13 (Reuters) - Sweden said on Tuesday it would propose that the European Union join a Pacific rim-based trading group with the aim of forming the world's biggest free trade area to help counter the impact of U.S. President Donald Trump's tariffs.The Comprehensive and Progressi...Reuters
3 hours ago
UnitedHealth Says Including Higher Cost Expectations In 2026 Medicare Advantage Bid - Conf Call
May 13 (Reuters) - UnitedHealth Group Inc UNH.N:UNITEDHEALTH EXEC SAYS CO IS INCLUDING HIGHER COST EXPECTATIONS IN ITS 2026 MEDICARE ADVANTAGE BID DUE IN A FEW WEEKS - CONF CALLUNITEDHEALTH EXEC SAYS CO IS SEEING INCREASED DEMAND FOR MEDICAL CARE FROM NEW MEMBERS AND FROM PEOPLE WITH COMPLEX CONDITI...Reuters
3 hours ago
HHS, FDA Issue Request For Information On Deregulatory Plan To Lower Costs & Empower Providers
May 13 (Reuters) - FDA:HHS, FDA ISSUE RFI ON DEREGULATORY PLAN TO LOWER COSTS AND EMPOWER PROVIDERSFDA: HHS & FDA ANNOUNCE LAUNCH OF PUBLIC REQUEST FOR INFORMATION TO IDENTIFY & ELIMINATE OUTDATED OR UNNECESSARY REGULATIONSFDA: UNDER EXECUTIVE ORDER, TOTAL COST OF ALL NEW REGULATIONS IN FISC...Reuters
3 hours ago
Carrier to invest $1 billion to boost US production
May 13 (Reuters) - Carrier Global CARR.N on Tuesday announced plans to invest $1 billion over five years in the United States, in response to President Donald Trump's policies encouraging domestic production.Global firms are boosting their investments and presence in the U.S. after Trump's p...Reuters
3 hours ago
Ukraine's Zelenskiy says only meeting Putin face-to-face can deliver peace
KYIV, May 13 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Tuesday he wanted to negotiate an unconditional 30-day ceasefire face-to-face with Vladimir Putin at this week's talks in Istanbul because only the Russian leader could enact such a pause.Accusing Putin of being "scared...Reuters
3 hours ago
Apple introduces new accessibility features including braille note taker
May 13 (Reuters) - Apple AAPL.O said on Tuesday it is bringing a host of new features later this year that are geared towards making its devices more accessible, including a braille note taker and expanded 'zoom' for its mixed-reality headsets, Vision Pro.For users who are blind or visually ...Reuters
3 hours ago
Tesla's refresh to best-selling Model Y SUV starts on rocky road
Attractive financing deals soon after rollout show weak demand Short wait times for customers show demand less than supplyAnalysts blame rising competition, backlash against Musk's politics Slow kickoff piles pressure on Tesla to launch cheaper modelsBy Abhirup Roy SAN FRANCISCO, May 13 (Reut...Reuters
3 hours ago
ADVISORY-Incorrect alert on Citigroup withdrawn
May 13 (Reuters) - An alert on UBS cutting target price of Citigroup Inc C.N was published incorrectly and has been withdrawn. The price target action was for Agree Realty Corp ADC.N, a different company. For the correct alert on Agree Realty, click nFWN3RL1Z7.STORY_NUMBER:AZN3TFDZQSTORY_TIME:[11:0...Reuters
3 hours ago
Ousted Bangladesh PM Hasina’s party barred from election as party registration suspended
Election Commission suspends Awami League from electionsMove follows interim government ban on Awami League over security threatPolitical unrest follows deadly protests, PM Hasina's exile DHAKA, May 13 (Reuters) - Bangladesh's Election Commission has suspended the registration of ousted f...Reuters
3 hours ago
US Republicans face internal disagreements over Trump tax cut package
Republicans face internal divisions over tax cuts and spending cutsDemocrats oppose cuts to Medicaid and SNAPHouse Speaker Johnson urges quick passage before Memorial DayBy Bo Erickson WASHINGTON, May 13 (Reuters) - Republicans in the U.S. House of Representatives on Tuesday will kick off public ...Reuters
4 hours ago
Turkey and PKK face a tricky path determining how militants will disband
Thousands of fighters expected to surrender weapons in IraqMany militants may return to Turkey after disarmamentFate of Kurdish forces in Syria unclearPro-Kurdish political movement seeking political reformsBy Daren Butler and Jonathan Spicer ISTANBUL, May 13 (Reuters) - Turkey is embarking on a ...Reuters
4 hours ago