(Reuters) – Facebook Inc’s (FB.O) ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard (MA.N) and Visa Inc (V.N) quit the group behind the project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 9, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stocks ended more than 1% higher on Friday, but below their session highs, after the announcement of a partial trade deal between the United States and China. The Dow
FILE PHOTO: An eBay sign is seen at an office building in San Jose, California May 28, 2014. REUTERS/Beck Diefenbach/File Photo (Reuters) – EBay Inc said on Friday it would exit Facebook Inc’s planned cryptocurrency Libra, joining Paypal. “We highly respect the vision of the Libra Association; however, eBay has made the decision to not move
DETROIT/WASHINGTON (Reuters) – General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of the automaker’s latest offer aimed at ending a month-long strike, angering the union with which it is negotiating. FILE PHOTO: Striking union workers walk the picket line outside
WASHINGTON (Reuters) – U.S. regulators on Friday gave the green light for genetically modified cotton to be used for human consumption, paving the way for a protein-packed new food source – edible cottonseed that tastes a bit like chickpeas – that its developers said could help tackle global malnutrition. Genetically modified cotton plants with an
NEW YORK (Reuters) – A U.S. federal judge in New York on Friday temporarily blocked a Trump administration rule that would deny permanent residency to certain aspiring immigrants deemed likely to require government assistance in the future. The rule, which was finalized in August, vastly expanded who could be considered a possible “public charge” from
SEATTLE (Reuters) – Stratolaunch Systems Corp, the space company founded by late billionaire and Microsoft Corp (MSFT.O) co-founder Paul Allen, said on Friday it was continuing operations after transitioning ownership, but did not name the new owner. FILE PHOTO: The world’s largest airplane, built by the late Paul Allen’s company Stratolaunch Systems, makes its first
FILE PHOTO: Kevin O’Leary Chairman, O’Shares ETFs; Television Personality, “Shark Tank” speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, California, April 30, 2019. REUTERS/Mike Blake TORONTO (Reuters) – The wife of Shark Tank star Kevin O’Leary is now facing a fine and no jail time after she was charged with careless
LOS ANGELES (Reuters) – China’s removal of animated comedy “South Park” from online sites just as it dropped U.S. basketball broadcasts highlighted a tension familiar to Hollywood studios – the need to please Chinese authorities in order to reach the country’s vast audience. FILE PHOTO: People watch a movie at a cinema in Wanda Group’s
MOSCOW (Reuters) – Alexei Leonov, who became the first human to walk in space in 1965, died on Friday at the age of 85 after a long illness, Russia’s TASS news agency reported. FILE PHOTO: Russian cosmonaut Alexei Leonov (L), the first human to conduct a space walk, and his compatriot Valentina Tereshkova, the first
LONDON (Reuters) – Portraying a single mother whose teenage daughter suddenly disappears in “American Woman” was a “grueling” role for Sienna Miller that forced the British-American actress to imagine her worst nightmare. FILE PHOTO: Actor Sienna Miller arrives for an amfAR gala to celebrate Lee Daniels during New York Fashion Week in New York U.S.,
LONDON/TOKYO/NEW YORK (Reuters) – Some European and Japanese bond investors are taking on more currency risk by buying dollar debt without protecting themselves against potentially devastating exchange rate swings as they seek ways to compensate for sub-zero yields at home. FILE PHOTO: Passersby are reflected on an electronic board showing the exchange rates between the
ISTANBUL (Reuters) – Turkish warplanes and artillery hit Kurdish militia targets in northeast Syria on the third day of an offensive that has killed hundreds of people, forced tens of thousands to flee and turned Washington’s establishment against President Donald Trump. Since Trump pulled U.S. troops out of the way following a phone call with
(Reuters) – Top U.S. and Chinese trade officials met on Thursday for the first time since late July to try to find their way out of a bitter, 15-month trade war as new irritants between the world’s two largest economies threatened to dash hopes for progress. Chinese Vice Premier Liu He, U.S. Trade Representative Robert
LOS ANGELES (Reuters) – A fierce wildfire that erupted in southern California on Thursday destroyed homes and structures and caused “numerous medical emergencies” at a Riverside County mobile home park, fire officials said. No further details were immediately available on how many mobile homes had been burned or the nature of the medical emergencies. The
FILE PHOTO: Ukraine’s President Volodymyr Zelenskiy holds a press-marathon at a food market in Kiev, Ukraine October 10, 2019. REUTERS/Gleb Garanich KIEV (Reuters) – Ukraine’s president Volodymyr Zelenskiy said on Thursday he had never met arrested businessmen Lev Parnas or Igor Fruman, who have been helping President Donald Trump’s personal lawyer investigate political rival Joe