kslmadmin

(Reuters) – The U.S. Federal Trade Commission (FTC) is finalizing its long-awaited antitrust lawsuit against Amazon in a move that could ultimately break up parts of the company, Politico reported on Tuesday. The wide-ranging lawsuit is expected as soon as August and will likely challenge a host of Amazon’s business practices, the report said, citing people with knowledge of the matter. The complaint could focus on challenges to Amazon Prime, […]

By Akash Sriram and Stephen Nellis (Reuters) – Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday. Microsoft said costs rose sharply as it built new data centers to support AI and that capital expenditures will continue to rise as it buys chips from the likes of […]

By Akash Sriram and Stephen Nellis (Reuters) – Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday. Microsoft said costs rose sharply as it built new data centers to support AI and that capital expenditures will continue to rise as it buys chips from the likes of […]

By Liliana Salgado PHOENIX (Reuters) – Arizona’s saguaro cacti, a symbol of the U.S. West, are leaning, losing arms and in some cases falling over during the state’s record streak of extreme heat, a scientist said on Tuesday. Summer monsoon rains the cacti rely on have failed to arrive, testing the desert giants’ ability to survive in the wild as well as in cities after temperatures above 110 degrees Fahrenheit […]

By Alexandra Valencia QUITO (Reuters) -Ecuador’s attorney general raised the death toll from a wave of violence over the weekend in one the country’s most dangerous jails to 31 late on Tuesday, after the government earlier declared a 60-day state of emergency for the country’s prisons. The emergency declaration seemed to set off violence in the city of Esmeraldas, where 15 prison guards and two other staffers were being held […]

By Jonathan Stempel and Luc Cohen NEW YORK (Reuters) -Joe Lewis, the British billionaire and owner of the Tottenham Hotspur soccer team, has been criminally charged in New York for orchestrating a “brazen” insider trading scheme. Prosecutors said Lewis exploited his access to corporate boardrooms by passing tips about companies in which he invested to friends, personal assistants, private pilots and romantic partners, enabling them to reap millions of dollars […]

Arabic-Language, Middle Eastern Media React to Israel Judicial Reform Many Middle Eastern newspapers predict that the social breakdown caused by the judicial reforms will lead to Israel’s collapse By Mohammad Al-Kassim/The Media Line The Knesset, Israel’s parliament, passed a controversial judicial reform bill on Monday that has split the nation and drawn criticism from allies abroad. The law passed on Monday removed the Supreme Court’s ability to override a government […]

WASHINGTON (AP) — President Joe Biden ‘s dog Commander bit or otherwise attacked Secret Service personnel at least 10 times between October 2022 and January, including one incident that required a hospital visit by the injured law enforcement officer, according to records from the Department of Homeland Security. The conservative watchdog group Judicial Watch on Tuesday released nearly 200 pages of Secret Service records that it obtained through a Freedom of Information Act lawsuit. […]

By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate overwhelmingly backed legislation on Tuesday that would require U.S. companies to notify federal agencies of investments in Chinese technologies such as semiconductors and artificial intelligence. The 100-member Senate backed the amendment to the National Defense Authorization Act (NDAA) by 91 to 6. The NDAA sets policy for the Department of Defense and is expected to become law later this year. The […]