By Pete Schroeder WASHINGTON (Reuters) -The U.S. Consumer Financial Protection Bureau has ordered Regions Financial Corp to pay $191 million in fines and refunds, after the regulator said the Birmingham, Alabama-based bank charged customers illegal overdraft fees for years. From 2018 to 2021 Regions charged roughly $141 million in illegal fees, which will be refunded,…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed for a fifth straight month in August amid a decline in imports, which is being driven by slowing domestic demand as the Federal Reserve aggressively tightens monetary policy to tame inflation. The report from the Commerce Department on Wednesday suggested that trade…
BRUSSELS (AP) — European Union countries should impose “biting sanctions” on Russian trade and hit officials responsible for “sham referendums” held in parts of Ukraine as Moscow ramps up the war, senior EU officials said Wednesday. European Commission President Ursula von der Leyen said the Kremlin-orchestrated referendums on joining Russia “are an illegal attempt to…
(Reuters) -Canadian cinema chain Cineplex has approached bankrupt rival Cineworld’s lenders for a potential merger with the British company’s U.S. unit Regal Entertainment, the Wall Street Journal reported on Wednesday. Cineworld and Cineplex have been locked in a multimillion-dollar legal battle since the London-listed company rescinded its offer to buy Cineplex more than two years…
Shares of Biogen and other drugmakers researching Alzheimer’s disease soared Wednesday after Japan’s Eisai Co. said its potential treatment appeared to slow the fatal disease in a late-stage study. The drugmaker said early results showed that its treatment, lecanemab, reduced patient clinical decline by 27% when compared to a placebo or fake drug after 18…
FRANKFURT, Germany (AP) — Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history. The German automaker estimates the deal could reap as much as 9.5 billion euros ($9.08 billion)…
By Alexander Marrow MOSCOW (Reuters) -Russia’s communications regulator on Wednesday demanded an explanation from Apple after applications operated by the Russian state-controlled tech firm VK were removed from the U.S. firm’s App Store. The regulator, Roskomnadzor, has been a thorn in the side of foreign tech firms, issuing fines over data storage violations and for…
By Paul Carrel and Stine Jacobsen BERLIN/COPENHAGEN (Reuters) – Any intentional disruption to EU energy networks would meet a “robust and united response”, its top diplomat said, after several states said two Russian pipelines to Europe had been attacked, causing gas to spew into the Baltic Sea. It remained far from clear who might be…
SARAJEVO, Bosnia-Herzegovina (AP) — Facing an election this weekend, Bosnian Serb separatist leader Milorad Dodik blasted the West and praised Vladimir Putin over his policies in the Balkans, boasting that he is a rare European politician who can meet with the Russian president anytime he wishes. Dodik’s comments made at a preelection rally late Tuesday…
By Nina Chestney LONDON (Reuters) – If Moscow carries out a threat to sanction Ukrainian energy firm Naftogaz one of the last functioning Russian gas supply routes to Europe could be shut, exacerbating the energy crisis just as the crucial winter heating season begins. Naftogaz initiated a new arbitration proceeding against Gazprom earlier this month,…
