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  • Financial News

    Rouble steadies near 80 vs dollar, stocks inch lower

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    (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 …

  • Financial News

    Mexico’s new airport still lacking basics despite big opening splash

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Department of Justice Press Releases

    Johnstown Man Pleads Guilty to Distributing Narcotics

    by DOJ Press April 13, 2022
    by DOJ Press April 13, 2022

    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 …

  • Department of Justice Press Releases

    New York Man Pleads Guilty for His Role in a Computer Fraud Scheme that Targeted the Elderly

    by DOJ Press April 13, 2022
    by DOJ Press April 13, 2022

    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 …

  • Department of Justice Press Releases

    Woman Sentenced to More Than 18 Years in Prison for her Role in Dothan Truck Bombing Targeting a Former Boyfriend

    by DOJ Press April 13, 2022
    by DOJ Press April 13, 2022

               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 …

  • Department of Justice Press Releases

    Federal Inmate Charged With Possession Of A Weapon

    by DOJ Press April 13, 2022
    by DOJ Press April 13, 2022

    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 …

  • Department of Justice Press Releases

    Extradited Colombian National Sentenced To 17 Years In Federal Prison For International Drug Trafficking

    by DOJ Press April 13, 2022
    by DOJ Press April 13, 2022

    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 …

  • Financial News

    Outlook for Afghan economy ‘dire’ as household incomes shrink – World Bank

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    (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 …

  • Financial News

    China will use timely RRR cuts to support economy, cabinet says

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Financial News

    U.S. mortgage interest rates top 5%, buyers look to lock in rates

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    (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 …

  • Financial News

    Blackrock sees opportunity for three new renewable energy funds

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Financial News

    Meta to take nearly half of sales made by its metaverse creators as fees

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    (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 …

  • Financial News

    Reckitt says begins process ‘aimed at’ transferring Russian business

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    (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 …

  • Financial News

    Hyundai Motor to begin electric vehicles production in U.S

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Financial News

    General Atlantic hires ex-IHS Markit boss Uggla to lead climate venture

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Financial News

    Russia can boost economy by $97 billion without inflationary risks, official says

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    (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, …

  • Financial News

    Cryptoverse: NFT bubble gets that shrinking feeling

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    (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 …

  • Financial News

    Former Swiss ‘banker of the year’ jailed in high-profile fraud trial

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Financial News

    GSK to buy Sierra Oncology amid pressure to boost drug pipeline

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Financial News

    Barry Callebaut says staying in Russia ‘feels right’ for now

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Financial News

    Ferrari to unveil Purosangue SUV in coming months, CEO says

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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. …

  • Financial News

    Tesco warns of lower profits as UK inflation squeeze tightens

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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. …

  • Financial News

    Analysis-Canada’s accelerated timetable for EVs brings spotlight on key bill

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    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 …

  • Financial News

    Stellantis rejigs China financing ops in latest reboot plans

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    By Tassilo Hummel and Giulio Piovaccari PARIS -Fiat parent Stellantis will sell its stake in an auto financing joint venture to its Chinese partner Dongfeng and set up its own …

  • Financial News

    China’s imports unexpectedly fall as COVID curbs convulse trade outlook

    by Reuters April 13, 2022
    by Reuters April 13, 2022

    BEIJING -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened domestic demand, while export growth slowed, prompting analysts to …

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