Japan, Mongolia to cooperate on ‘Free and Open Indo-Pacific’
TOKYO — The foreign ministers of Japan and Mongolia agreed today to cooperate in promoting a “Free and Open Indo-Pacific,” a vision that Tokyo is…
AP Wire
London Stock Exchange sells Italian unit for $5.1 billion
LONDON — The London Stock Exchange Group has agreed to sell its holding in the parent company of the Italian stock exchange to rival Euronext…
Waymo removing backup drivers from its autonomous vehicles
NEW YORK — Waymo is allowing the general public to hitch a ride in its driverless autonomous vehicles in Phoenix, expanding a service it had…
US long-term mortgage rates change little; 30-year at 2.87%
WASHINGTON — U.S. long-term mortgage rates changed little this week, flattening in recent weeks following a year-long decline amid economic anxiety in the recession set…
IBM to spin off $19 billion business to focus on cloud computing
ARMONK, N.Y. — IBM says it is breaking off a $19 billion chunk of its business to focus on cloud computing. The 109-year-old tech company…
UK lawmakers warn Huawei 5G might need to be banned earlier
LONDON — A committee of British lawmakers is urging the government to consider banning Chinese technology giant Huawei from next-generation mobile phone networks two years…
M&A roars back from pandemic slowdown
Companies that retreated from corporate deal-making after the virus pandemic struck are now roaring back because of pent-up demand and a clearer view of how…
US layoffs remain elevated as 840,000 seek jobless aid
WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months…
Pope commits to clean finances amid scandal in backyard
ROME — Pope Francis told European anti-money laundering experts today that the Vatican was committed to “clean finance,” as he denounced financial speculation amid a…
Morgan Stanley buying Eaton Vance in deal valued at $7 billion
NEW YORK — Morgan Stanley is buying the investment management firm Eaton Vance in a deal valued at about $7 billion. Eaton Vance, based in…