Finance

FDIC clears way for Ford, General Motors to set up industrial banks

FDIC clears way for Ford, General Motors to set up industrial banks

WASHINGTON, Jan 22 (Reuters) – The Federal Deposit Insurance Corporation ​announced Thursday that it ‌had approved deposit insurance applications from ‌Ford Motor Company and General Motors ...

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Venezuela’s proposed oil reform to give autonomy to companies to operate, cash sales -documents

Venezuela’s proposed oil reform to give autonomy to companies to operate, cash sales -documents

Jan 22 (Reuters) – A profound proposed reform of Venezuela’s hydrocarbons law would allow foreign and ​local companies to operate oilfields on their ‌own through a new contract model, ...

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Consumers are dosing their products carefully

Consumers are dosing their products carefully

A financially stretched US consumer continues to power mixed earnings results at P&G. Proctor & Gamble (PG) shares fell 1.5% in pre-market trading on Thursday as the company’s second...

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AI power and infrastructure needs boomed in 2025. At Davos, the AI story for 2026 remains the same.

AI power and infrastructure needs boomed in 2025. At Davos, the AI story for 2026 remains the same.

The AI boom triggered a surge in energy demand and infrastructure development throughout 2025. Global leaders gathered at this week’s World Economic Forum in Davos expect these same themes t...

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Hyundai Motor’s Korean union warns of humanoid robot plan, sees threat to jobs

Hyundai Motor’s Korean union warns of humanoid robot plan, sees threat to jobs

SEOUL, Jan 22 (Reuters) – Hyundai Motor’s labour union ​in South Korea ‌warned the automaker on Thursday ‌against deploying humanoid robots without union approval, saying the robots wo...

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Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

Senate Agriculture Chair John Boozman released an updated version of crypto market structure legislation on Wednesday and said it was time to move the bill to markup on Tuesday next week. While “d...

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