Economic News
- Reuters
UNITED NATIONS (Reuters) – The United States and more than 40 other countries said in a joint statement on Monday that they are deeply concerned over Russia’s detainment of a Wall Street Journal reporter and protested Moscow’s “efforts to limit and intimidate the media.”
- Reuters
PARIS (Reuters) – French President Emmanuel Macron on Monday gave himself 100 days to heal the country after weeks of protests and anger at his unpopular plans to raise the retirement age, asking his government to open talks with unions on a wide range of issues.
- Reuters
By Andrew Chung WASHINGTON (Reuters) – U.S. Supreme Court justices on Monday weighed a bid by Salesforce Inc’s Slack Technologies to avoid a lawsuit over its 2019 direct listing in a case that could undermine the ability of shareholders to sue companies for alleged misstatements when
- Reuters
By Rajesh Kumar Singh and Valerie Insinna
- Reuters
By Rae Wee SINGAPORE (Reuters) – The dollar bounced from a one-year low on Monday as resilience in core U.S. retail sales, a rise in short-term inflation expectations and impressive Wall Street bank earnings raised market expectations for an interest rate hike in May.
- Reuters
(Reuters) – Merck & Co is in late-stage talks to acquire Prometheus Biosciences Inc to get its hands on promising immune disease treatments, the Wall Street Journal reported on Sunday citing people familiar with the matter.
- Reuters
KAMPALA (Reuters) – Uganda’s junior finance minister was on Monday charged with corruption offences stemming from a scandal about alleged diversion of government-owned roofing materials that has ensnared multiple officials.
- Reuters
By Chris Prentice and John McCrank NEW YORK (Reuters) – The head of the U.S. Securities and Exchange Commission (SEC) plans to defend its rulemaking and policing of market misconduct at a Tuesday hearing led by Republican lawmakers who have accused it of overstepping its authority.
- Reuters
By Dawn Chmielewski and Lisa Richwine (Reuters) – Florida Governor Ron DeSantis said the state legislature will file a bill that aims to undo steps the Walt Disney Co took to undermine the authority of a new state-appointed oversight board, intensifying the battle between a likely
- Reuters
By David Shepardson (Reuters) – The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules.
- Reuters
By Clark Mindock NEW YORK (Reuters) – Berkeley, California, cannot ban natural gas hookups in new buildings because a U.S. federal law preempts its rule, a federal appeals court said Monday, siding with a challenge the state’s restaurant industry made.
- Reuters
By Florence Tan SINGAPORE (Reuters) – Oil prices edged up on Monday, supported by OPEC+’s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world’s No. 2 oil consumer.
- Reuters
BERLIN (Reuters) – Inflation is a risk for financial stability and central banks must take this into consideration, German Finance Minister Christian Lindner said on Monday.
- Reuters
By Andy Sullivan WASHINGTON (Reuters) – The spending-cut proposals unveiled by U.S. House of Representatives Speaker Kevin McCarthy on Monday could fall hardest on people in Republican-leaning states, a Reuters analysis of federal spending data found.
- Reuters
By Nell Mackenzie LONDON (Reuters) – Investment firm Orchard Global, which manages $8 billion of capital, has hired Fredrik Gentzel as its chief operating officer (COO), a statement seen by Reuters said.
- Reuters
(Reuters) – The U.S. Securities and Exchange Commission charged cryptocurrency exchange Bittrex Inc and its former CEO with operating an unregistered national securities exchange, broker and clearing agency.
- Reuters
(Reuters) – Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units.
- Reuters
WASHINGTON (Reuters) – The White House on Monday called for an immediate ceasefire to fighting in Sudan between the army and a paramilitary force and said U.S. officials are in touch with the military leaders there.
- Reuters
By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Attorney General Merrick Garland said on Monday the Justice Department intends to appoint a prosecutor and a legal adviser to assist Ukraine with its efforts to investigate and prosecute suspected war crimes by Russian forces.
- Reuters
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by General Motors Co to revive its racketeering lawsuit against rival automaker Fiat Chrysler Automobiles (FCA), now part of Stellantis NV, over bribery allegations involving the United Auto Workers union.