By Dan Catchpole and Shivansh Tiwary (Reuters) -Electric aircraft maker BETA Technologies said on Thursday it is partnering with Near Earth Autonomy to develop uncrewed aircraft for the military, with flight testing slated to begin in the first half of 2026. Development and full demonstration of the autonomous system should take up to a year…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy. Relief for manufacturers is unlikely to come soon as the University of Michigan’s Surveys…
By Siyanda Mthethwa JOHANNESBURG (Reuters) -Walmart opened its first store in South Africa on Saturday, marking the U.S. retail giant’s debut on the African continent as it seeks a stake in a competitive market. More than a hundred shoppers queued for hours outside the store to take advantage of Walmart’s “Everyday Low Prices” and shop…
By Michael S. Derby (Reuters) -Federal Reserve Governor Stephen Miran said on Wednesday that easing financial firms’ regulatory burden could allow the U.S. central bank to shrink the size of its balance sheet again in the future. “As we make more progress peeling back regulations, I expect the optimal level of reserves may drop below…
By Sarah N. Lynch WASHINGTON (Reuters) -Months before the U.S. military began launching airstrikes against suspected drug vessels, former Justice Department No. 2 official Emil Bove told employees the government should just “sink the boats” rather than prosecute the people on board, three witnesses told Reuters. Bove, the former acting deputy attorney general, made similar…
By Marina Bobrova and Anton Kolodyazhnyy MOSCOW (Reuters) -Russian President Vladimir Putin said on Friday that U.S. proposals for peace in Ukraine could be the basis of a resolution of the conflict but that if Kyiv turned down the plan then Russian forces would advance further. U.S. President Donald Trump said he was giving Ukraine…
By Li Gu and Clare Jim SHANGHAI/HONG KONG (Reuters) -China’s nascent private REIT market has emerged as a rare bright spot for cash-strapped developers, with a record fundraising pipeline of $12 billion for this year, driven by rising investor demand for higher yields. Launched in 2023, the private REIT market, restricted to professional investors, has…
(Reuters) -Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drilling in waters off the state’s Gulf Coast. The reactions came in response to an Interior Department proposal published on Thursday that contemplates future oil leasing in the eastern portion of the Gulf of…
(Reuters) -The U.S. Department of Energy on Thursday announced a reorganization of the agency that prioritizes oil and nuclear resources over offices that had been dedicated to renewables and efficiency. DOE published a new organizational chart alongside a brief statement saying the changes were aligned with President Donald Trump’s energy dominance agenda. The chart features…
By Laurie Chen, Trevor Hunnicutt and Jeffrey Dastin WASHINGTON (Reuters) -U.S. officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centerpiece of President Donald Trump’s economic agenda. Officials relayed these messages over the last several days to stakeholders in government and private industry, according to two people with…
