(Reuters) - Paramount Global's proposed deal with Skydance Media is not moving forward, Paramount said in an internal memo seen by Reuters on Wednesday, adding that it will remain open to exploring strategic alternatives.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak Dasgupta)
By Sabine Siebold
BRUSSELS (Reuters) - In a rare reference to the Western nuclear arsenal, NATO chief Jens Stoltenberg on Wednesday highlighted the alliance's efforts to adapt its capabilities to current security threats, taking note of Russia latest nuclear rhetoric and drills.
Talking to reporters before a two-day NATO defence ministers' meeting in Brussels that will include a gathering of the alliance's nuclear planning group, he... (continue reading...)
(Reuters) - The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.
The markdown in the outlook for rate cuts, from three quarter-percentage-point reductions seen in the Fed's March projections, was made despite the... (continue reading...)
By David Shepardson
WASHINGTON (Reuters) - U.S. passenger railroad Amtrak said on Wednesday it expects ridership to top pre-COVID 2019 levels this year for the first time and reach a record high even though it has less capacity.
Ridership was 20% higher in the first seven months of Amtrak's budget year that began Oct. 1, and ticket revenue was up 10% versus the same period in 2023, according to written testimony by Amtrak CEO Stephen... (continue reading...)
By Diego Oré
MEXICO CITY (Reuters) - Mexico's former foreign minister, the scion of a legendary political family, and a party boss are in contention for top energy-related jobs in President-elect Claudia Sheinbaum's government, sources said, suggesting political savvy will trump technical expertise in running state energy companies.
The cabinet of President-elect Claudia Sheinbaum will be a mix of old and new faces when it is announced... (continue reading...)
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