By David Shepardson WASHINGTON (Reuters) – U.S. lawmakers on Thursday blasted two federal agencies for failing to avoid an embarrassing last-minute standoff between the aviation and wireless industries over 5G C-Band deployment and...
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Bill targeting Apple and Google approved by U.S. Senate panel
By Diane Bartz WASHINGTON (Reuters) -The Senate Judiciary Committee on Thursday voted to approve a bill that would rein in app stores of companies they said exert too much market control, particularly Apple Inc and Alphabet Inc’s...
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Biden nominee Raskin vows Fed will monitor climate risk, not dictate lending
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Sarah Bloom Raskin, President Joe Biden’s pick to be the Fed’s top bank regulator, told U.S. lawmakers on Thursday that she believes banks need strict oversight, but that...
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KPMG sued for $1.8 billion over Carillion audits
By Kirstin Ridley LONDON (Reuters) -KPMG has been sued for 1.3 billion pounds ($1.77 billion) by the liquidators of Carillion for missing “red flags” during audits of the construction giant, in one of the largest claims...
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Electric car transition puts over 70,000 jobs at risk in Italy, unions and lobby say
MILAN (Reuters) – The transition to electric vehicles will put around 73,000 jobs at risk in Italy, metal workers’ unions and a lobby group said on Thursday, calling on the government to start discussions on measures to...
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Why Biden has eased up on Facebook over COVID misinformation
By Nandita Bose WASHINGTON (Reuters) – When U.S. President Joe Biden accused Facebook of “killing people” by spreading vaccine lies in July, many experts and researchers hoped it marked the beginning of a White House...
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