By David Lawder WASHINGTON – The COVID-19 pandemic wreaked havoc on global supply chains but new International Monetary Fund research shows that more diversification of source countries and inputs can …
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Department of Justice Press Releases
Cadillac Businessman Sent To Prison For Tax Evasion
by DOJ Pressby DOJ PressGRAND RAPIDS, MICHIGAN — U.S. Attorney Andrew Birge announced today that Douglas Arvin Horning, 56, of Cadillac, was sentenced to 20 months in prison for …
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Department of Justice Press Releases
Newton Man Sentenced to 9 Years for Receipt of Child Sexual Abuse Material
by DOJ Pressby DOJ PressCONCORD – Anthony Rimas, 48, of Newton, was sentenced on Monday to 108 months in federal prison for receipt of child sexual abuse material, …
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The Department of Justice today announced the seizure of the RaidForums website, a popular marketplace for cybercriminals to buy and sell hacked data, and unsealed criminal charges against RaidForums’ founder and …
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Department of Justice Press Releases
Cleveland Man Convicted of Possession of Ammunition as a Felon
by DOJ Pressby DOJ PressActing U.S. Attorney Michelle M. Baeppler announced that a federal jury convicted Brandon Bethune, 37, of Cleveland, Ohio, on Thursday, April 7, 2022, of possession of ammunition by a convicted …
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Department of Justice Press Releases
Statement of United States Attorney Breon Peace Regarding New Federal Ghost Guns Rule
by DOJ Pressby DOJ PressIn May 2021, the Justice Department’s Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) issued a proposed rule to curb the proliferation of ghost guns—privately made firearms that are increasingly …
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Department of Justice Press Releases
Ashland Man Sentenced to 108 Months for Methamphetamine Trafficking
by DOJ Pressby DOJ PressASHLAND, Ky. — An Ashland man, Jamaal A. Stokes, 31, was sentenced to 108 months in federal prison on Monday, by U.S. District Judge David Bunning, after pleading guilty to …
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Department of Justice Press Releases
U.S. Leads Seizure of One of the World’s Largest Hacker Forums and Arrests Administrator
by DOJ Pressby DOJ PressALEXANDRIA, Va. – The U.S. Department of Justice today announced the seizure of the RaidForums website, a popular marketplace for cybercriminals to buy and sell hacked data, and unsealed criminal …
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By Svea Herbst-Bayliss (Reuters) – Franchise Group Inc, owner and operator of retail stores such as The Vitamin Shoppe and Buddy’s Home Furnishings, has entered the race for Kohl’s Corp …
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Financial News
U.S. Treasury issues general license for wind-down of transactions involving Sberbank units
by Reutersby ReutersBOSTON – The U.S. Treasury said on Tuesday it was issuing a general license authorizing the wind-down of transactions involving SB Sberbank Kazakhstan and Sberbank Europe AG through July 11. …
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Financial News
American Airlines sees higher quarterly costs as labor, jet fuel prices soar
by Reutersby Reuters(Reuters) -American Airlines expects higher costs in the current quarter amid higher labor and jet fuel expenses. As demand returns, carriers are shelling out more to attract new staff as …
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Financial News
Canadian banks go on hiring spree, defying tight labour market, inflation
by Reutersby ReutersBy Nichola Saminather TORONTO – Canada’s biggest banks started fiscal 2022 on a hiring spree, adding staff despite a tight labour market, especially to boost digital capabilities. Their expansion in …
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By Alex Lawler LONDON -OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude …
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Financial News
Soaring prices of online goods may flash another warning for the Fed
by Reutersby ReutersBy Howard Schneider and Lindsay Dunsmuir (Reuters) -Prices for online goods continued to surge in March at a record pace, data released on Tuesday from Adobe Inc showed, adding a …
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Financial News
Mercedes-Benz bets on India’s nouveau riche to drive luxury car sales
by Reutersby ReutersBy Aditi Shah PUNE, India -Germany’s Mercedes-Benz is betting that an expanding pool of young new millionaires will drive demand for luxury cars in India, creating faster sales growth than …
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NEW YORK – U.S. monthly consumer prices increased by the most in 16-1/2 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, cementing …
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Financial News
GM signs cobalt deal with Glencore as rush for battery metals intensifies
by Reutersby ReutersBy Abhijith Ganapavaram (Reuters) -General Motors Co said on Tuesday it would buy cobalt from miner Glencore PLC to use in its electric vehicles (EVs), as automakers around the world …
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Financial News
Saudi Arabia leads OPEC decision to drop IEA data as US ties fray
by Reutersby ReutersBy Maha El Dahan, Dmitry Zhdannikov and Alex Lawler DUBAI – A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog reflected …
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(Reuters) – Rolls-Royce’s plan to focus on the development of electric aero engines and greener fuel options raises doubts over the prospects of its mainstay civil aviation business, J.P.Morgan said …
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Financial News
WTO slashes 2022 global trade growth forecast amid COVID, Ukraine ‘double whammy’
by Reutersby ReutersBy Emma Farge GENEVA -The World Trade Organization (WTO) on Tuesday revised down its forecast for global trade growth this year to 3% from 4.7% because of the impact of …
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By Tom Sims and Alexander Hübner FRANKFURT – U.S. investor Capital Group sold big stakes in Germany’s two top banks – Deutsche Bank and Commerzbank – a person familiar with …
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By Dhara Ranasinghe and Stefano Rebaudo LONDON – Thursday’s European Central Bank meeting could mark another tense moment for policymakers caught between record high inflation and the economic hit from …
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Financial News
Russia’s LNG plans face rethink after EU sanctions on equipment -analysts
by Reutersby Reuters(Reuters) – Russia will need to rethink its aim of a 20% share of the global LNG market after EU sanctions targeted equipment it needs to expand production, analysts said. …
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Financial News
Global LNG body urges governments to support fuel buyers amid Ukraine crisis
by Reutersby ReutersTOKYO – An international liquefied natural gas (LNG) body has appealed to governments to help mitigate fuel price spikes and promote new LNG developments to secure a stable global supply. …
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Financial News
European cosmetics makers face supply crisis amid scarcity of Ukraine resources
by Reutersby ReutersBy Mimosa Spencer, Valentina Za and Francesco Zecchini PARIS/MILAN -European perfume- and cosmetics-makers face shortages of paper, glass, and some key oils and alcohols, as Russia’s invasion of Ukraine adds further …