(Reuters) – Consumer inflation in Russia will keep on accelerating in annual terms due to base effects, the central bank said on Wednesday, warning that rouble volatility will continue, leading…
WASHINGTON – U.S. Treasury Secretary Janet Yellen said it would be “a long time, if ever” before the U.S. dollar was replaced as the key reserve currency in the global…
(Reuters) -The Russian rouble stabilised near 80 to the dollar on Wednesday and stock indexes pared earlier gains and inched lower, losing momentum after weeks of jittery trade. Russian actions…
By Kylie Madry SANTA LUCIA, Mexico – After a grandiose inauguration ceremony of Mexico City’s newest airport last month, not a single suitcase was in sight there on a recent…
JOHNSTOWN, Pa. – A former resident of Johnstown, PA pleaded guilty in federal court to charges of violating federal narcotics laws, United States Attorney Cindy K. Chung announced today. Troy…
United States Attorney Ronald C. Gathe, Jr. announced today that Mohammad Alam, age 50, of New York, pled guilty to a Bill of Information charging him with misprision of a…
Montgomery, Alabama – On Tuesday, April 12, 2022, Ashley Nicole Haydt, 36, from Taylor, Alabama, was sentenced to 220 months in federal prison for her role in instigating…
SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Cornell Williams, age 25, an inmate at the Federal Correctional Institution, Schuylkill (FCI Schuylkill), was…
Tampa, Florida – U.S. District Judge James D. Whittemore has sentenced Oscar Marsiglia Barrios (54, Colombia) to 17 years in federal prison for conspiracy to distribute cocaine knowing and intending…
(Reuters) – The outlook for Afghanistan’s economy is dire with per capita income having fallen by over a third in the last four months of 2021 after the Islamist Taliban…
BEIJING -China will use timely cuts in banks’ reserve requirement ratios (RRR) and other policy tools to support the economy, the cabinet said on Wednesday, as headwinds increase amid outbreaks…
(Reuters) – The average interest rate on the most popular U.S. home loan rose to more than 5% last week, the highest level since November 2018, and homebuyers hurried to…
SAO PAULO – Blackrock Inc’s CEO Larry Fink said on Wednesday the world’s biggest asset manager forecasts the launch of three infrastructure funds focused on renewable energy, as the war…
(Reuters) – Facebook parent Meta Platforms will charge creators around 47.5% on sales of digital assets and experiences made inside the company’s virtual reality platform Horizon Worlds. The overall charge…
(Reuters) – Reckitt Benckiser Group said on Wednesday it had begun a process aimed at transferring ownership of its Russian business, becoming the first major personal goods maker to do…
SEOUL – Hyundai Motor Co plans to add electric vehicles (EV) in its Montgomery assembly line in the United States, marking the South Korean automaker’s first EV production in the…
LONDON – U.S. private equity firm General Atlantic on Wednesday named Lance Uggla, former boss of data company IHS Markit, as chief executive of its climate-focused venture BeyondNetZero. Uggla founded…
(Reuters) – Russia can boost its economy by 7-8 trillion roubles ($85-97 billion) without stoking significant inflationary risks, a senior official said on Wednesday, as Moscow deals with supply curbs,…
(This story corrects APRIL 5 story to replace final chart, after data provider Nansen found error in their data) By Elizabeth Howcroft (Reuters) – The NFT bubble isn’t popping, but…
By Brenna Hughes Neghaiwi and Oliver Hirt ZURICH -Former Raiffeisen Switzerland Chief Executive Pierin Vincenz was jailed for nearly four years on Wednesday at the end of a fraud trial…
By Natalie Grover and Yadarisa Shabong (Reuters) – Britain’s GlaxoSmithKline sought to bolster its cancer business on Wednesday by agreeing a $1.9 billion deal to buy U.S. drug developer Sierra…
By Silke Koltrowitz ZURICH -Swiss chocolate maker Barry Callebaut will keep operating in Russia to help customers and employees there, even though images from the war in Ukraine create “enormous…
MILAN – Luxury sports-car maker Ferrari will launch in the coming months its first sport utility vehicle (SUV), the Purosangue (Thoroughbred), the company’s Chief Executive Benedetto Vigna said on Wednesday.…
By James Davey LONDON -Tesco, Britain’s biggest retailer, warned of a drop in profits this financial year as surging inflation piles pressure on the supermarket group and its customers alike.…
By Alexander Schummer TORONTO – Canada’s accelerated timeline to fully embrace electric vehicles (EVs) presents a threat to some auto suppliers and auto mechanics, with the latter pinning hopes on…