Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal
WASHINGTON (Reuters) – U.S. Steel said in a statement on Saturday that the Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion bid for U.S. Steel….
Apple’s board recommends shareholders vote against proposal to eliminate diversity programs
(Reuters) – Apple (NASDAQ:AAPL)’s board of directors recommended investors vote against a shareholder proposal to abolish the company’s Diversity, Equity, and Inclusion (DEI) programs, according to a proxy filing from the company. The National Center for Public Policy, a conservative…
Factbox-US companies tweak diversity policies as challenges mount
(Reuters) – Meta Platforms (NASDAQ:META) and Amazon.com (NASDAQ:AMZN) have joined a growing number of U.S. companies in scaling back their diversity, equity, and inclusion (DEI), meant to boost racial and ethnic representation at workplaces against the backdrop of rising pressure…
China central bank governor Pan meets BOE’s Bailey in Beijing
SHANGHAI (Reuters) – People’s Bank of China Governor Pan Gongsheng met his Bank of England counterpart, Andrew Bailey, on Saturday in Beijing and discussed topics including financial stability and cooperation, China’s central bank said on Sunday. Pan met top executives…
India’s TCS expects retail, manufacturing revival after banking recovery
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU/MUMBAI (Reuters) – India’s Tata Consultancy Services (NS:TCS) expects its retail and manufacturing clients in North America to step up spending on tech, following a similar upturn in its banking and financial services…
IRS says taxpayer service will suffer if Congress cuts modernization funds
By David Lawder WASHINGTON (Reuters) – The Internal Revenue Service said on Friday it will launch the 2025 tax filing season on Jan. 27 with expanded tools that cannot be adequately supported if the Republican-controlled Congress rescinds tens of billions…