Economic News
- Reuters
By Marc Jones LONDON (Reuters) – The head of the Bank of International Settlements has warned that years of fighting economic crises have created conditions that are pushing the limits of stability when it comes to the international financial system.
- Reuters
(Reuters) – U.S. banking heavyweights set aside billions of dollars in the first quarter to account for potential bad loans, as rising interest rates turn up the heat on borrowers who are just starting to see some relief from inflation.
- Reuters
CHISINAU (Reuters) – Moldova told Russian politicians not to meddle in its internal affairs on Monday after barring a Russian delegation from entering the country ahead of a regional election.
- Reuters
By Blake Brittain (Reuters) – Gene-sequencing giant Illumina Inc has settled a patent lawsuit brought by Maryland biotech company Ravgen Inc, which accused Illumina’s genetic tests of infringing its patents.
- Reuters
By Andrea Shalal WASHINGTON (Reuters) – The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow’s
- Reuters
By Andrew Osborn and Tatiana Gomozova MOSCOW (Reuters) – Outspoken Kremlin critic Vladimir Kara-Murza was jailed for a quarter of a century by a Moscow court on Monday, the harshest sentence of its kind since Russia invaded Ukraine, after it found him guilty of treason
- Reuters
WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders improved for a fourth straight month in April as a dearth of previously owned homes and falling mortgage rates boost demand for new houses, but a shortage of building materials remains a challenge.
- Reuters
PARIS (Reuters) – French car maker Renault said sales at its flagship brand rose by 9% in the first quarter of the year thanks to the launch of new models, indicating a restructuring by CEO Luca de Meo may be starting to pay off after four
- Reuters
MEXICO CITY (Reuters) – Mexican authorities have arrested the head of migration for the state of Chihuahua in connection with a fire last month at a migrant detention center which killed 40 people, according to the federal arrest database.
- Reuters
By Sheila Dang (Reuters) -Montana lawmakers on Friday passed a bill to ban popular short-form video app TikTok from operating in the state, the latest threat to the Chinese-owned app’s existence in the U.S.
- Reuters
By Oliver Hirt ZURICH (Reuters) – The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse, according to state procurement platform Simap.ch on Monday.
- Reuters
By Brendan Pierson (Reuters) – E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, on Monday settled claims by the state of Minnesota that they fueled teen vaping addiction.
- Reuters
FRANKFURT (Reuters) – The European Central Bank can discuss changing its 2% inflation goal but only after it brings down inflation to that level, ECB President Christine Lagarde said on Monday.
- Reuters
By Horacio Soria and Juan Carlos Bustamante
- Reuters
SHANGHAI (Reuters) – Workers from Tesla’s Shanghai factory are taking to social media to appeal to Elon Musk and the Chinese public after being informed over the weekend about planned cuts to their performance bonuses, according to online posts and workers.
- Reuters
(Reuters) – Eli Lilly and Co said on Monday it will invest an additional $1.6 billion at its two new manufacturing sites in Indiana, United States to support the manufacturing of its recently approved cancer drug, Jaypirca, among others.
- Reuters
(Reuters) – Sentenced on Monday to 25 years in prison on charges including treason, Vladimir Kara-Murza joined a growing list of Russians who have received long jail terms after speaking out against President Vladimir Putin or the invasion of Ukraine. Here are some of the most
- Reuters
SHANGHAI (Reuters) – China’s auto market, the world’s largest, is accelerating toward an electric future – leaving established global brands stuck in the slow lane.
- Reuters
By Aidan Lewis and Khalid Abdelaziz KHARTOUM (Reuters) – Fighting has erupted in Sudan’s capital Khartoum and at other sites across the country as powerful rival military factions battle for control, increasing the risk of a nationwide civil war.
- Reuters
By Lisa Baertlein LOS ANGELES (Reuters) – California’s bustling seaports, dominated by massive container vessels and soaring cranes, may seem an unlikely setting for investors seeking to capitalize on the “green” revolution.