Economic News
- Reuters
By Michael Martina WASHINGTON (Reuters) – A former Biden administration China policy official will guide U.S. ties with Taiwan as head of the American Institute in Taiwan (AIT), the quasi-official agency said on Wednesday, a move sources said aimed to increase links with the Chinese-claimed island
- Reuters
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge said Sotheby’s must face part of Russian billionaire oligarch Dmitry Rybolovlev’s lawsuit accusing the auction house of helping his former art dealer overcharge him by hundreds of millions of dollars on 15 pieces of world-class art.
- Reuters
(Reuters) – Russian forces carried out continuous attacks on the eastern Ukrainian city of Bakhmut in their quest for a breakthrough in the year-long war, and one U.S. official predicted few short-term territorial gains for Russia.
- Reuters
By Tom Westbrook SINGAPORE (Reuters) – Asian stocks struggled to come off two-month lows on Wednesday and the safe-haven dollar was firm as concerns about rising interest rates and slowing global growth kept the mood downbeat, while markets waited on economic data to chart the course
- Reuters
By Brendan O’Brien (Reuters) – Florida Governor Ron DeSantis has ordered a local prosecutor to hand over information on why a suspect with a history of violent crime as a juvenile was not in prison, but on the street where he allegedly carried out a deadly
- Reuters
SAO PAULO (Reuters) – The management of troubled Brazilian retailer Americanas SA denied the existence of the financial operations that led to an accounting scandal early this year, a report by local newspaper O Globo showed on Wednesday, citing internal investigation documents.
- Reuters
By Rami Ayyub WASHINGTON (Reuters) – Israeli Finance Minister Bezalel Smotrich’s call for a Palestinian village to be “erased” amounted to incitement to violence and Prime Minister Benjamin Netanyahu must publicly disavow it, the U.S. State Department said on Wednesday.
- Reuters
By Jack Queen NEW YORK (Reuters) – The National Football League and three of its teams must face claims by Minnesota Vikings defensive coordinator Brian Flores of racist hiring practices in open court, a U.S. judge in New York ruled on Wednesday while sending other aspects
- Reuters
ATHENS (Reuters) – Two trains collided in central Greece late on Tuesday and rescue teams were evacuating passengers after at least two carriages caught fire, the fire brigade said.
- Reuters
By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc said on Wednesday it had blocked investors from cashing out their investments at its $71 billion real estate income trust (BREIT), as the private equity firm continues to grapple with a flurry of redemption requests.
- Reuters
LONDON (Reuters) – The house used by Prince Harry and his wife Megan when they are in Britain has been offered by King Charles to the monarch’s brother, Prince Andrew, although he has turned it down, the Sun newspaper reported on Tuesday.
- Reuters
By Erwin Seba (Reuters) – Oil prices rose for a second day on Wednesday as reports of expanding manufacturing activity in China, the world’s biggest crude importer, boosted the outlook for global fuel demand.
- Reuters
HAVANA (Reuters) – Cuban authorities have accused the U.S. government of being “complicit in piracy” for granting political asylum to a pilot who fled to Florida on a small “kidnapped” plane last October.
- Reuters
(Reuters) – Alphabet Inc’s self-driving technology unit, Waymo, laid off 137 employees in its second round of layoffs in 2023, the firm told Reuters on Wednesday.
- Reuters
(Reuters) – Kohl’s Corp forecast full-year profit below analysts’ estimates on Wednesday, squeezed by dwindling demand for clothing and accessories at the department store chain as consumers tighten their belts amid high inflation.
- Reuters
WASHINGTON (Reuters) – FBI Director Christopher Wray said on Tuesday the agency has assessed that a leak from a laboratory in Wuhan, China, likely caused the COVID-19 pandemic.
- Reuters
By Elizabeth Pineau LIBREVILLE (Reuters) – Emmanuel Macron landed in Gabon on Wednesday, the first stop of an Africa tour that will also take the French President to Angola, Congo Republic and Democratic Republic of Congo.
- Reuters
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden is using $1.5 trillion in new federal spending to continue his push to reshape the U.S. economy, redirect corporate profits and reverse a decades-old decline in the benefits that go to workers.
- Reuters
FRANKFURT (Reuters) – Volkswagen is reorganizing its financial services holding companies, Volkswagen Bank and Volkswagen Financial Services said on Wednesday.
- Reuters
BRASILIA (Reuters) – Brazil’s trade surplus for February fell a larger-than-expected 35% from the same month last year as exports, especially of oil, declined, government data released on Wednesday showed.