(Reuters) -BWX Technologies said on Thursday it has secured contracts worth $2.6 billion, including future options, to manufacture components for nuclear submarines and an aircraft carrier for the U.S. Navy.
The United States has been modernizing its nuclear-powered Navy fleet as part of broader efforts to counter China's growing influence in the Indo-Pacific region.
In 2023, Reuters reported that the U.S. Navy was carrying out its largest... (continue reading...)
By Steven Scheer
JERUSALEM (Reuters) -The head of an Israeli parliamentary committee told the Finance Ministry on Thursday to come up with a compensation plan by next week for Israelis stranded abroad during last month's war with Iran or the panel would impose one.
Tens of thousands of Israelis were unable to return to the country for much of the 12-day conflict that began in mid-June since Israel's airspace was largely closed due to daily... (continue reading...)
WILMINGTON, Delaware (Reuters) -A lawyer for Meta Platforms shareholders who were suing Mark Zuckerberg and other company leaders told a Delaware judge on Thursday that the parties had reached a settlement agreement, ending a $8 billion trial over Facebookâs user privacy violations.
(Reporting by Tom Hals, Editing by Bhargav Acharya;)
(Reuters) -A U.S.-based Wells Fargo banker who works in trade financing has been blocked from leaving China after traveling there recently, the Wall Street Journal reported on Thursday.
Chenyue Mao, a Shanghai-born and Atlanta-based managing director at Wells Fargo, was subjected to an exit ban after she entered China sometime in recent weeks, the report said, citing people familiar with the matter.
The U.S. banking giant has suspended all... (continue reading...)
WASHINGTON (Reuters) -U.S. import prices rebounded marginally in June amid cheaper energy products, but higher costs for consumer goods were consistent with a tariff-driven increase in inflation.
Import prices increased 0.1% last month after a downwardly revised 0.4% decline in May, the Labor Department's Bureau of Labor Statistics said on Thursday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would rise 0.3% after a... (continue reading...)
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