By Luc Cohen NEW YORK (Reuters) -Closing arguments began on Monday in the U.S. trial of a former Goldman Sachs banker accused of helping loot Malaysia’s 1MDB development fund, with a U.S. prosecutor urging jurors not to discount testimony from the government’s star witness because he was seeking leniency. Roger Ng, Goldman’s former top investment…
Shocking pictures from the Ukrainian town of Bucha and accusations of Russian war crimes are building pressure for more sanctions against Moscow. A key potential target: Russian oil and natural gas, and the $850 million that European importers pay for those supplies every day. But it’s not so easy, given Europe’s dependence on Russian energy….
By Julie Gordon OTTAWA (Reuters) – A record number of Canadian businesses are facing capacity pressures amid intense labor shortages and ongoing supply chain difficulties, with many expecting significant wage and input price growth, a regular Bank of Canada survey said on Monday. The central bank’s Business Outlook Survey Indicator dipped in the first quarter…
By Elizabeth Dilts Marshall and Matt Scuffham NEW YORK (Reuters) -JPMorgan could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of the bank’s potential losses from the conflict in Ukraine for the first time. In his keenly watched annual letter to shareholders, the chairman and…
By Svea Herbst-Bayliss BOSTON (Reuters) – Hasbro Inc on Monday added two directors to its board and said it will keep its Wizards of the Coast unit, rejecting calls from an activist investor to spin off the profitable unit and refresh the toy maker’s board with its director nominees. Elizabeth Hamren and Blake Jorgensen, executives…
By Nora Buli and Nina Chestney OSLO/LONDON (Reuters) – Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as European leaders urged further sanctions against Moscow amid allegations of war crimes in Ukraine. Physical gas flows through the Yamal-Europe pipeline, at Germany’s Mallnow border point see-sawed…
NEW YORK (AP) — Small businesses still have the pandemic and now high inflation to grapple with — and they’re finding it’s tough to get a loan to help with the daily grind. A recently released survey from the Federal Reserve shows how the pandemic has altered the financial landscape for small business. About 85%…
By Alex Lawler LONDON (Reuters) -Oil jumped over 3% on Monday toward $108 a barrel as the release of strategic reserves by consuming nations failed to eliminate supply fears arising from Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal. The invasion in February heightened supply concerns that were already underpinning prices….
GENEVA (AP) — The U.N. health agency says nearly everybody in the world breathes air that doesn’t meet its standards for air quality, calling for more action to reduce fossil-fuel use, which generates pollutants that cause respiratory and blood-flow problems and lead to millions of preventable deaths each year. The World Health Organization, about six…
The pandemic sent global hunger soaring, but now the war in Ukraine is making the problem far worse. Since Russia and Ukraine together supply 30% of global wheat exports, a big chunk of the world is losing access to food. Now one of the nation’s biggest foundations is trying to deal with some of these…
