Wealth Empire

DeSantis’ hand-picked Walt Disney World oversight board meets for the first time

Reuters | March 8, 2023

By Dawn Chmielewski (Reuters) – A new board controlling Walt Disney World’s special taxing district in Florida will meet for the first time on Wednesday, as Governor Ron DeSantis’ hand-picked group gets ready to end the entertainment giant’s “corporate kingdom.” What that entails is not clear. Nothing in the language of the legislation creating the […]

TikTok accuses EU of keeping it in the dark over staff phone ban

Reuters | February 24, 2023

By Foo Yun Chee BRUSSELS (Reuters) -TikTok accused the European Commission on Friday of failing to consult it over a decision to ban the Chinese short video sharing app from staff phones on cybersecurity grounds, a move subsequently followed by another top EU body. The app, which is owned by Chinese firm ByteDance, is facing […]

China sanctions Lockheed Martin, Raytheon over Taiwan arms sales

Reuters | February 16, 2023

BEIJING (Reuters) -China on Thursday put Lockheed Martin and a unit of Raytheon Technologies on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the U.S. companies. The measures come amid heightened tensions after the U.S. military shot down what it […]

With a sale of Chinese yuan, Russia kicks off 2023 forex intervention

Reuters | January 11, 2023

By Guy Faulconbridge and Darya Korsunskaya MOSCOW (Reuters) -Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing importance of China’s currency in Moscow’s efforts to ensure economic stability amid Western sanctions. After the West imposed the most severe sanctions in modern history over the war in […]

Southwest flight upheaval a ‘system failure,’ U.S. says

Reuters | December 29, 2022

By Kanishka Singh WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg on Wednesday ratcheted up pressure on Southwest Airlines, saying thousands more canceled flights indicated a system failure at the low-cost carrier. “We are past the point where they could say this is a weather-driven issue,” Buttigieg said in an interview posted by ABC News on […]

U.S. Senate advances $1.66 trillion government-funding bill

Reuters | December 21, 2022

By Richard Cowan and Gram Slattery WASHINGTON (Reuters) -A $1.66 trillion government spending bill drew overwhelming bipartisan support in the U.S. Senate on Tuesday as lawmakers steered it toward passage before a weekend deadline to avoid a partial shutdown of federal agencies. Democratic and Republican negotiators agreed early Tuesday morning on the sweeping bill to […]

U.S. to reveal scientific milestone on fusion energy -sources

Reuters | December 13, 2022

By Timothy Gardner WASHINGTON (Reuters) -The U.S. Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers the sun and stars that one day could provide a cheap source of electricity, three sources with knowledge of the matter said. The scientists at […]

U.S. CFTC head urges Congress to act fast on crypto regulation

Reuters | December 1, 2022

By Hannah Lang and Chris Prentice (Reuters) -A leading U.S. financial regulator on Thursday urged lawmakers to act quickly to install a regulatory framework for digital assets following the spectacular collapse of cryptocurrency exchange FTX. In the first of several congressional hearings to examine FTX’s failure, members of the Senate Agriculture Committee pressed Rostin Behnam, […]

U.S. passenger railroad Amtrak ridership jumps by 10 million riders

Reuters | November 29, 2022

By David Shepardson WASHINGTON (Reuters) -U.S. passenger railroad Amtrak said ridership jumped by more than 10 million riders in the year ending Sept. 30 and has nearly returned to pre-COVID-19 levels. Amtrak said ridership rose 89% over 2021 levels to 22.9 million riders — up 10.8 million passengers over the prior year. Overall ridership hit […]

Kroger, Albertsons CEOs to face congressional questions on planned U.S. merger