By Pete Schroeder
WASHINGTON (Reuters) - Jeff Riggs, a Montana businessman who owns a small data center, flew to Washington D.C. in November to meet with his U.S. Senator Steve Daines.
The trip wasn't his idea. It was arranged, paid for and scripted by Goldman Sachs as part of the bank's aggressive campaign to water down a proposal to raise capital requirements for big banks.
Riggs was one of dozens of small business... (continue reading...)
JERUSALEM (Reuters) - Israel's economy recovered sharply in the first quarter of 2024 after a steep contraction in late 2023 that followed the start of war in Gaza with Palestinian Islamist group Hamas last October.
The Central Bureau of Statistics said in an initial estimate on Thursday that gross domestic product (GDP) grew an annualised 14.1% in the January to March period, just shy of a Reuters consensus of 15.3%.
Growth was led by a... (continue reading...)
By Foo Yun Chee
BRUSSELS (Reuters) - Meta Platforms' social media sites Facebook and Instagram will be investigated for potential breaches of EU online content rules relating to child safety, EU regulators said on Thursday, a move that could lead to hefty fines.
Tech companies are required to do more to tackle illegal and harmful content on their platforms under the European Union's landmark Digital Services Act (DSA), which kicked in... (continue reading...)
By Valerie Volcovici
WASHINGTON (Reuters) - Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy watchdog's focus back to maximizing fossil fuel output instead of fighting climate change, according to people familiar with the matter.
The Paris-based IEA has provided research and data to industrialized governments for more than half a century to... (continue reading...)
By Michael S. Derby
NEW YORK (Reuters) - Federal Reserve Bank of New York President John Williams was interviewed by Reuters on Wednesday. The following transcript has been edited for clarity:
MICHAEL DERBY: We speak today on a day where we got some pretty important data. So I thought maybe we kind of start off right there and get what you think about the CPI report from this morning and also retail sales.
JOHN WILLIAMS:... (continue reading...)
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