ATLANTA – April and James Thompson have each been sentenced for mail fraud after stealing over $4 million from Forest Investment Associates (“FIA”), an Atlanta-based company that provides timberland investment …
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- Department of Justice Press Releases
Capitol Heights, Maryland Narcotics Dealer Sentenced to Over Six Years in Federal Prison for Drug Distribution and Firearms Charges
by DOJ Pressby DOJ PressGreenbelt, Maryland – U.S. District Judge George J. Hazel sentenced Larry Francis Newman, Jr., age 37, of Capitol Heights, Maryland, to 76 months in federal prison, followed by five years …
- Financial News
Russia to spend over $32.3 billion to support economy under sanctions
by Reutersby Reuters(Reuters) – Russia plans to spend over 2.5 trillion roubles ($32.3 billion) on supporting its economy that has been targeted by unprecedented western sanctions, Finance Minister Anton Siluanov said on …
- Financial News
IMF official says split into competing systems would be ‘disaster’ for global economy
by Reutersby ReutersWASHINGTON – The world is on a path to a more multipolar world given the rise of emerging markets in the global economy, but it would be disastrous if the …
- Financial News
KKR plans A$20 billion bid for Australia’s Ramsay Health Care, sources say
by Reutersby ReutersBy Scott Murdoch and Anshuman Daga HONG KONG -Private equity giant KKR is working on a A$20 billion ($14.7 billion) bid for Australian-listed global hospital and clinic group Ramsay Health …
- Financial News
Russian central bank temporarily suspends publication of external debt data
by Reutersby Reuters(Reuters) – Russia’s central bank said on Tuesday that it had temporarily suspended the publication of external debt data. “Bank of Russia temporarily suspends publication of quarterly data on the …
- Financial News
New York Times names Joseph Kahn executive editor, to succeed Dean Baquet
by Reutersby ReutersBy Helen Coster (Reuters) -The New York Times Co named Joseph Kahn executive editor on Tuesday, as it pursues a digital- and subscription-focused strategy bolstered by acquisitions in recent years. …
- Financial News
Mercadolibre, Brazilian airline Gol announce logistics partnership
by Reutersby ReutersSAO PAULO – Mercadolibre Inc and Brazilian airline Gol Linhas Aereas Inteligentes SA on Tuesday announced a 10-year logistics partnership for cargo transportation in the South American country. Under the …
- Financial News
Mexico’s Coca-Cola FEMSA seals Campari distribution deal in Brazil
by Reutersby ReutersMEXICO CITY – Coca-Cola FEMSA has reached an agreement to distribute Campari Group products in Brazil, the Mexican bottling company said on Tuesday. Italy’s Campari, known for its alcoholic drinks …
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By Giulio Piovaccari MILAN -Carmaker Stellantis on Tuesday said it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world’s fourth-largest automaker, …
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LONDON -Britain said on Tuesday it planned to revoke the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange in response to Russia’s invasion of Ukraine, a move that …
- Financial News
Balkans turns to coal as energy crisis trumps climate commitments
by Reutersby ReutersBy Fatos Bytyci and Ognen Teofilovski OSLOMEJ, North Macedonia – Balkan nations in southeast Europe are turning to coal as they try to tackle a global surge in energy prices, …
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SHANGHAI/HONG KONG -Electric car company Tesla Inc resumed production at its Shanghai plant on Tuesday, the Xinhua News Agency reported, after a stoppage of more than three weeks because of …
- Financial News
Blackstone to buy American Campus Communities for nearly $13 billion
by Reutersby Reuters(Reuters) -Blackstone Inc will buy American Campus Communities Inc for $12.8 billion including debt, the student housing company said on Tuesday, as the world’s biggest alternative asset manager bets on …
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(Reuters) – Blackstone Inc, the world’s biggest alternative asset manger, has agreed to buy American Campus Communities Inc for $12.8 billion including debt, the student housing company said on Tuesday. …
- Financial News
Brazil’s Embraer delivers 14 jets in Q1, order backlog hits $17.3 billion
by Reutersby ReutersSAO PAULO – Brazilian planemaker Embraer SA said on Tuesday it has delivered 14 jets in the first quarter of 2022, including six commercial and eight executive planes, and that …
- Financial News
Exclusive-Crisis-hit Sri Lanka, India revive talks to link electric grids
by Reutersby ReutersBy Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters on Tuesday, a step that could aid …
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BERLIN – Mercedes-Benz unveiled its EQS sport utility vehicle (SUV) on Tuesday, a 660 km (410-mile) range car that will be made in America and go on sale by autumn. …
- Financial News
OPEC+ supply gap widens in March as sanctions hit Russian output
by Reutersby ReutersLONDON – OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in March, as Russian output began to decline following sanctions imposed by the West, a report …
- Financial News
U.S. insurer Travelers’ profit beats on lower catastrophe losses
by Reutersby Reuters(Reuters) – Property and casualty insurer Travelers Companies Inc reported a 48% jump in quarterly profit that beat analysts’ estimates on Tuesday, as lower catastrophe-related claims cushioned a hit from …
- Financial News
European crypto industry steps up efforts to influence EU policy
by Reutersby ReutersBy Elizabeth Howcroft LONDON – More than 40 crypto business leaders have asked the European Union not to require crypto firms to disclose transaction details and dial down attempts to …
- Financial News
Japan Finance Minister makes most explicit warning yet against yen slump, economic fallout
by Reutersby ReutersBy Tetsushi Kajimoto TOKYO -Japanese Finance Minister Shunichi Suzuki said on Tuesday the damage to the economy from a weakening yen at present is greater than the benefits accruing to …
- Financial News
Taiwan seeks Indo-Pacific Economic Framework membership with U.S
by Reutersby ReutersTAIPEI – A senior Taiwanese minister has pressed U.S. Trade Representative Katherine Tai to include the island in the United States’ forthcoming Indo-Pacific Economic Framework, his office said on Tuesday. …
- Financial News
In shift to new era, Wave Computing adopts RISC-V chip architecture
by Reutersby ReutersBy Jane Lanhee Lee (Reuters) – Silicon Valley’s Wave Computing said on Tuesday it is launching designs for two new microprocessors this year using RISC-V architecture as it sunsets its …
- Financial News
Prada CEO says first 4 months strong despite Russia, China – paper
by Reutersby ReutersMILAN – Italian luxury group Prada posted strong results in the first four months of the year as its U.S. business offset the impact of suspending operations in Russia and …