U.S. Justice Dept. plans to hold meeting to discuss tech industry liability: sources

U.S. Justice Dept. plans to hold meeting to discuss tech industry liability: sources
WASHINGTON (Reuters) – The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday. FILE PHOTO: A general view of the Department of Justice building is seen in Washington, U.S., April... Read More

Dollar dips vs yen as investors reach for safe havens on virus scare

Dollar dips vs yen as investors reach for safe havens on virus scare
NEW YORK (Reuters) – The U.S. dollar slipped against the safe-haven Japanese yen on Friday as investors fretted over concerns that a spreading virus from China would curb travel and hurt economic demand. FILE PHOTO: Dollar banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration/File Photo The U.S. Centers for Disease Control and Prevention (CDC) on... Read More

U.S. Justice Department plans to hold meeting to discuss tech industry liability: sources

U.S. Justice Department plans to hold meeting to discuss tech industry liability: sources
WASHINGTON (Reuters) – The U.S. Justice Department is planning to hold a conference to discuss the future of a current federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday. FILE PHOTO: A general view of the Department of Justice building is seen in Washington, U.S.,... Read More

Exclusive: U.S. pushing India to buy $5-6 billion more farm goods to seal trade deal – sources

Exclusive: U.S. pushing India to buy $5-6 billion more farm goods to seal trade deal – sources
NEW DELHI (Reuters) – The United States wants India to buy at least another $5-6 billion worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider pact, four sources familiar with the talks told Reuters. FILE PHOTO: A man holds the flags of India and the U.S. while... Read More

U.S. extradition battle over Huawei’s Meng ends first phase but Canada court fight continues

U.S. extradition battle over Huawei’s Meng ends first phase but Canada court fight continues
VANCOUVER (Reuters) – The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada. Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend her extradition hearing... Read More

Amazon asks court to pause Microsoft’s work on Pentagon’s JEDI contract

Amazon asks court to pause Microsoft’s work on Pentagon’s JEDI contract
The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc said on Wednesday it filed a motion in court to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest... Read More

Amazon files motion to halt Microsoft’s work on Pentagon’s JEDI contract

Amazon files motion to halt Microsoft’s work on Pentagon’s JEDI contract
The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc on Wednesday said it filed a motion to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the... Read More

Dollar steady as coronavirus contagion fears abate

Dollar steady as coronavirus contagion fears abate
NEW YORK (Reuters) – The U.S. dollar was unchanged against a basket of currencies on Wednesday as safe-haven demand ebbed along with worries about whether the spread of a flu-like coronavirus would hurt the global economy. FILE PHOTO: U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo The dollar index, which measures the... Read More

U.S. stocks correction overdue, Bloomberg best placed to beat Trump: Scaramucci

U.S. stocks correction overdue, Bloomberg best placed to beat Trump: Scaramucci
(Reuters) – U.S. stocks are headed higher, although a 10% correction is “long overdue”, Anthony Scaramucci, founder and co-managing partner of Skybridge Capital, said on Wednesday. FILE PHOTO: Former White House communications director Anthony Scaramucci is pictured following a preview for the off-Broadway show ‘Trump Family Special’ in New York City, New York, U.S., August 22, 2018. REUTERS/Carlo Allegri/File Photo... Read More