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Trump administration to lay out defense of Venezuela deportations despite judge’s order

By Luc Cohen President Donald Trump’s administration faces a deadline on Tuesday to explain to a judge why its deportation flights carrying Venezuelan migrants did not violate a judicial order to halt such removals, a day after it argued that any disclosure of further details would jeopardize U.S. national security.  Washington-based U.S. District Judge James Boasberg last week instructed Justice Department lawyers to give him a justification for the administration’s failure to return two plane loads … Read more…

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Alphabet’s Waymo aims for 2026 self-driving ride-hailing launch in Washington, D.C

By David Shepardson WASHINGTON (Reuters) – Alphabet’s self-driving unit Waymo said on Tuesday it aims to launch its fully autonomous ride-hailing service in the U.S. capital city next year. Waymo began moving vehicles to Washington, D.C., in January and will bring more to the city in the coming weeks as it works to start paid commercial services as soon as next year. “We will also work closely with policymakers to formalize the legal framework needed … Read more…

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Apple is welcome to expand investment in China, commerce minister tells CEO

BEIJING (Reuters) – China’s commerce minister told Apple CEO Tim Cook on Monday that the company is welcome to expand investment in the country, a ministry statement showed. Wang Wentao, the minister, and Cook exchanged views on topics such as Apple’s business development in China and China-U.S. economic and trade relations, according to the statement. Foreign CEOs were attending the China Development Forum in Beijing on Sunday and Monday, with some expected to meet President … Read more…

OpenAI COO to spearhead global growth, partnerships in expanded role, Altman says

(Reuters) – OpenAI’s Chief Operating Officer Brad Lightcap will oversee global expansion and corporate partnerships, CEO Sam Altman said on Monday, as the Microsoft-backed startup seeks to cement its dominance in the fast-growing AI industry. The ChatGPT-maker is partnering with SoftBank Group and Oracle to establish a network of data centers under the $500-billion Stargate project, aimed at powering artificial intelligence workloads. “Brad will lead our global deployment, focusing on business strategy, key partnerships, infrastructure, … Read more…

Tesla jumps as possible tariff leeway, lower share price draw investors

By Deborah Mary Sophia and Akash Sriram (Reuters) -Tesla shares surged 10% on Monday after this year’s steep decline following reports the Trump administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2. Traders also took advantage of the near 40% decline in the stock so far this year to buy into the EV maker. The tariff optimism set off a rally on Wall Street, with technology stocks … Read more…

Airbus says it is in defence and space talks amid spending surge

TOULOUSE, France (Reuters) -Airbus is in discussions with European nations on new defence and space orders as the continent increases spending and is seeing an improvement in supply chains for its core jetliner business, senior executives said at a company event on Monday. WHY IT’S IMPORTANT European nations are interested in space assets in part to replace Elon Musk’s Starlink, as well as aerospace assets including strategic airlift, he added. KEY QUOTES “I think you’re … Read more…

US business activity rises in March, but sentiment deteriorates further

By Lucia Mutikani WASHINGTON (Reuters) – U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year. The survey from S&P Global on Monday also showed a measure of prices paid by businesses for inputs surging this month to the highest level in nearly two years, with increases in both manufacturing and services industries. Companies … Read more…

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US scraps sanctions on Tornado Cash, crypto ‘mixer’ accused of laundering North Korea money

By Hannah Lang (Reuters) – The U.S. Treasury on Friday lifted economic sanctions against Tornado Cash, a firm that makes cryptocurrency transactions harder to track, which the Biden administration had accused of helping launder more than $7 billion for North Korean and other cyber hackers. The Treasury Department’s Office of Foreign Assets Control blacklisted Tornado Cash in 2022 after concluding it was helping launder the proceeds of cyber crimes, including more than $455 million stolen … Read more…

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Barclays beats two lawsuits in US over $17.7 billion issuance blunder

(Reuters) – Barclays won the dismissal on Friday of two U.S. securities fraud lawsuits stemming from the British bank’s unauthorized sale of $17.7 billion more securities than U.S. regulators allowed. U.S. District Judge Lewis Liman in Manhattan said investors who acquired Barclays’ iPath Series B S&P 500 VIX Short-Term Future exchange-traded notes (“VXX”) could not sue over general assurances the bank made about its internal controls even as it issued the notes without the required … Read more…

Yahoo strikes deal to sell TechCrunch to investment firm

(Reuters) – Yahoo has signed a deal to sell its 20-year-old technology news website, TechCrunch, to media investment firm Regent, the companies said on Friday. TechCrunch, a popular online platform providing news and analysis on global tech companies, startups and entrepreneurs, was among the media assets of Verizon Communications, including Yahoo. In 2021, private equity firm Apollo Global Management acquired the media assets for $5 billion, subsequently rebranding the combined assets under the Yahoo name. … Read more…