BEIJING – A Russian-run online store on Chinese e-commerce platform JD.com thanked Chinese shoppers for their support after it sold out of most items including chocolate and fabric softener, saying …
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Financial News
Russia central bank increases capital of reinsurance firm specialising in sanctions risk
by Reutersby ReutersMOSCOW – Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against international sanctions, to 300 billion …
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Financial News
Ukraine crisis may hurt Japan’s economy via fuel spike, says BOJ policymaker
by Reutersby ReutersBy Leika Kihara TOKYO – The crisis in Ukraine could hurt Japan’s economy by driving up the price households and companies pay for fuel and commodities, a central bank policymaker …
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Financial News
German house price rally to slow but cheap money to keep it running
by Reutersby ReutersBy Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – Home prices in Germany’s booming property market look set to rise sharply again in 2022 and, while the pace will ease in …
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By Tetsushi Kajimoto TOKYO -Japan will freeze the assets of four additional Russian banks from April 2, Finance Minister Shunichi Suzuki said on Thursday, taking to seven the total number …
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PARIS – Thales posted a 32% rise in operating income and record cashflow, as Europe’s largest defence electronics company swung back into the black in its aerospace business and saw …
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Financial News
Google reaches new deal with French newspapers on licensing rights
by Reutersby ReutersPARIS – A trade association including close to 300 French newspapers and Google have reached a new agreement regarding the issue of content publishing rights, both parties said on Thursday. …
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Financial News
Pricey Singapore rents go through the roof even as population dips
by Reutersby ReutersBy Aradhana Aravindan SINGAPORE – Home rents have risen to a seven-year high in Singapore, already one of the world’s most expensive cities, even though the city-state’s population has dipped …
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Financial News
Almost all climate-related corporate disclosures are inadequate, CDP says
by Reutersby ReutersBy Simon Jessop, Tommy Wilkes and Elizabeth Howcroft LONDON – Just 1% of companies who submit climate change-related data to nonprofit environmental disclosure platform CDP provide investors with the information …
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Financial News
PMI shows Russian service sector grew in Feb, does not mention Ukraine
by Reutersby Reuters– Business activity in the Russian service sector returned to growth in February as inflationary pressure eased and business confidence reached a five-month high, the Markit purchasing managers index (PMI) …
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Financial News
Explainer – Why $100 oil could hurt the energy transition more than it helps
by Reutersby ReutersBy Timothy Gardner WASHINGTON – The surge in crude oil prices past $100 a barrel has raised a big question: Will this latest spike in the notoriously volatile oil market …
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Financial News
Terraformation targets $100 million for early stage forestry fund
by Reutersby ReutersBy Simon Jessop LONDON – Terraformation, a forest restoration start-up founded by the former boss of technology company Reddit, is looking to raise $100 million for a fund focused on …
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By Valentina Za and Andrea Mandala MILAN -Italy’s third-largest bank Banco BPM has occupied a special place on the wish list of Andrea Orcel since the veteran dealmaker took the …
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Financial News
Japan’s service sector activity contracts at fastest pace in 21 months – PMI
by Reutersby ReutersTOKYO -Japan’s services sector activity shrank in February at the quickest pace in nearly two years, a survey showed on Thursday, as business took a hit from struggling consumer sentiment …
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– Ratings agencies Fitch and Moody’s downgraded Russia by six notches to “junk” status, saying Western sanctions threw into doubt its ability to service debt and would weaken the economy. …
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Financial News
Russia imposes 30% commission on forex purchases by individuals – brokers
by Reutersby ReutersMOSCOW – Russia’s central bank has imposed a 30% commission on foreign currency purchases by individuals on currency exchanges, brokers told Reuters, citing a letter from the regulator. The central …
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Financial News
Reliance to invest $220 million in Sanmina JV in electronics manufacturing push
by Reutersby ReutersBENGALURU -Indian conglomerate Reliance Industries said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp for making electronic products …
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Financial News
Russian central bank, sovereign fund may hold $140 billion in Chinese bonds – ANZ
by Reutersby ReutersSHANGHAI – Russia’s central bank and sovereign wealth fund may account for nearly a quarter of foreign holdings of Chinese bonds, analysts at ANZ Research calculated, potentially offering shelter from …
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Financial News
Credit Suisse files lawsuits against Australia’s IAG over Greensill collapse
by Reutersby ReutersBy Byron Kaye SYDNEY – Credit Suisse Group AG joined creditors of Greensill Capital by filing lawsuits in Australia seeking compensation from the country’s biggest insurer over the supply chain …
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Department of Justice Press Releases
Former El Cajon Tax Preparers Admit to Filing Hundreds of False Tax Returns
by DOJ Pressby DOJ PressAssistant U. S. Attorneys Joseph J.M. Orabona (619) 546-7951 and Jennifer E. McCollough (619) 546-8773 NEWS RELEASE SUMMARY – March 2, 2022 SAN DIEGO – Two former tax preparers based …
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Department of Justice Press Releases
Large Clackamas County Drug Seizure Leads to Federal Indictment of Local Drug Traffickers
by DOJ Pressby DOJ PressPORTLAND, Ore.—A federal grand jury in Portland returned an indictment today charging two local men for trafficking and selling large quantities of methamphetamine and counterfeit prescription pills across the Portland …
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Department of Justice Press Releases
Tax preparer sent to prison for tax fraud…again
by DOJ Pressby DOJ PressHOUSTON – A woman is headed to prison for falsely preparing tax returns following a prior order not to engage in that business, announced U.S. Attorney Jennifer B. Lowery. Marcia …
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Financial News
Amazon workers get go-ahead for a second union election in New York -organizer
by Reutersby ReutersBy Jeffrey Dastin – Amazon.com Inc workers at a Staten Island sortation center have been given the greenlight to hold a vote on whether to unionize, according to a labor …
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Featured NewsOMG!Police BlotterUS and World NewsViral News
Woman Allegedly Decapitates Man During Sex, Hides Severed Genitalia: REPORT
A Wisconsin woman allegedly cut her lover’s head off during a night of raucous intercourse and proceeded to hide his severed genitalia in a bucket, multiple sources reported. Taylor Schabusiness, …
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By Sonali Paul MELBOURNE -The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers, a government spokesperson said on Thursday, …