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Meta deepens AI push with ‘Superintelligence’ lab, source says

By Jaspreet Singh (Reuters) -Meta CEO Mark Zuckerberg has reorganized the company’s artificial intelligence efforts under a new division called Meta Superintelligence Labs, according to a source on Monday. The division will be headed by Alexandr Wang, former CEO of data labeling startup Scale AI. He ...
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Senate GOP tax bill could crush wind and solar power, advocates say

WASHINGTON (AP) — Clean energy advocates were already bracing for a Republican-led bill that would phase out tax credits for wind, solar and other renewable energy as President Donald Trump and GOP lawmakers moved to dismantle the 2022 climate law passed by Democrats under ...
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Senators hunker down for long day of votes on Trump’s big bill of tax breaks and spending cuts

WASHINGTON (AP) — Senators hunkered down Monday to consider proposed amendments to President Donald Trump’s big bill of tax breaks and spending cuts amid challenges including the weekend announcement from one GOP senator that he won’t run for reelection after opposing the package over ...
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Euro zone facing increased inflation volatility, Lagarde says

SINTRA, Portugal (Reuters) -Uncertainty is bound to remain a key feature of the global economy, likely making inflation more volatile and requiring the ECB to act more forcefully to keep prices around its target, ECB President Christine Lagarde said on Monday. The ECB unveiled ...
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IMF to provide Ukraine with $500 million after review

(Reuters) -The International Monetary Fund said on Monday it has completed its eighth review under an extended arrangement as part of the Extended Fund Facility for Ukraine, providing the country with a disbursement of about $500 million (SDR 0.37 billion).     Total disbursements under the IMF-supported ...
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Trump’s ‘big, beautiful’ bill set to further tarnish Treasuries’ lustre overseas

By Rocky Swift and Vidya Ranganathan TOKYO/SINGAPORE (Reuters) -As the Trump administration’s “big, beautiful bill” grinds its way through the U.S. Senate, incentives are growing for foreign investors to diversify out of U.S. Treasuries losing sheen from prospects of deficit spending and inflation-boosting tariffs. President Donald ...
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EU to accept Trump’s universal tariff but seeks key exemptions, Bloomberg News reports

(Reuters) -The European Union is open to a trade agreement with the United States that would apply a universal 10% tariff on many of its exports, but the EU is seeking U.S. commitments to reduce tariffs in key sectors such as pharmaceuticals, alcohol, semiconductors, ...
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Trump is expected to sign an executive order ending US sanctions on Syria

WASHINGTON (AP) — President Donald Trump is expected to sign an executive order on Monday ending U.S. sanctions on Syria, following through on his earlier promise to do so. White House press secretary Karoline Leavitt said the move was designed to “promote and support the ...
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Valentino faces uncertainty as CEO takes sick leave amid profit slowdown

By Elisa Anzolin MILAN (Reuters) -Italian luxury brand Valentino said on Monday its Chief Executive Jacopo Venturini was currently on sick leave, responding to media reports of his imminent departure.  A possible change of CEO would, if confirmed, pile further pressure on the high-end business which ...
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White House says Trump wrote Powell to urge lower rates

WASHINGTON (Reuters) -U.S. President Donald Trump wrote Fed Chair Jerome Powell urging him to lower interest rates, White House press secretary Karoline Leavitt told reporters on Monday. Leavitt, at a briefing, displayed a copy of Trump’s handwritten notes to Powell on a piece of paper ...
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Supreme Court to decide whether shutting down Michigan pipeline is a state or federal fight

MADISON, Wis. (AP) — The U.S. Supreme Court announced Monday it will review whether Michigan Attorney General Dana Nessel’s lawsuit seeking to shut down a section of an aging pipeline beneath a Great Lakes channel belongs in state court. Nessel sued in state court in ...
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Spain’s BBVA to proceed with takeover bid for Sabadell

MADRID (Reuters) -Spain’s BBVA said on Monday it would move ahead with its hostile takeover bid for smaller rival Sabadell despite the government effectively blocking it from fully merging with its smaller rival for at least three years. The government said on June 24 BBVA ...
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