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By Idrees Ali and Phil Stewart WASHINGTON (Reuters) – The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments from the previous week, after initially saying they did not need to respond to the demand by cost-cutting czar Elon Musk. The memo, signed by U.S. Defense Secretary Pete Hegseth and dated February 27, follows days of confusion over whether federal workers needed to reply to the … Read more…

(Reuters) – Investors were stunned on Friday after Ukrainian President Volodymyr Zelenskiy’s meeting with U.S. President Donald Trump ended in disaster, adding uncertainty to financial markets already jittery due to weakening economic data and volatility around U.S. trade policies. The two leaders traded verbal blows before the world’s media at the White House, pushing markets to react with a risk-off bid for safe-haven Treasuries as the public spat added uncertainty over the prospect of a … Read more…

By Jonathan Stempel (Reuters) – Silicon Valley Bank’s former parent may pursue a lawsuit to recover $1.93 billion of deposits that the Federal Deposit Insurance Corp seized following the bank’s March 2023 collapse, a federal judge ruled. In a decision on Thursday, U.S. District Judge Beth Labson Freeman in San Jose, California said the former parent, now known as SVB Financial Trust, adequately alleged that the FDIC in its corporate capacity maintained control over the … Read more…

By Allison Lampert and Tim Hepher (Reuters) – Boeing and other top aerospace firms are scouring their supply chains to determine their exposure to a major fire last week at a Philadelphia-area parts factory that has set off alarm bells across the industry, people familiar with the matter said. The days-long fire at SPS Technologies’ century-old factory could put pressure on the industry’s already strapped supply chain. GE Aerospace and others are now trying to … Read more…

WASHINGTON (Reuters) – British Prime Minister Keir Starmer said on Thursday that he would work with U.S. President Donald Trump on a new economic deal with advanced technology such as artificial intelligence at its core. “Instead of over regulating these new technologies, we’re seizing the opportunities that they offer. So we’ve decided today to go further to begin work on a new economic deal with advanced technology at its core,” Starmer told reporters during a … Read more…

By David Shepardson and Mrinmay Dey WASHINGTON (Reuters) -Billionaire presidential adviser Elon Musk on Thursday said a U.S. Federal Aviation Administration communications system operated by Verizon is months away from failure and putting air safety at risk. Verizon, which operates the largest U.S. wireless network, said it has only begun work on the system currently run by another company, and rejected the criticism by Musk, who owns the rival SpaceX Starlink satellite system. “The Verizon … Read more…