NEW YORK (AP) — The Consumer Financial Protection Bureau is suingTransUnion and one of its long-time executives alleging that the credit company completely “disregarded” a previous order from five years ago to stop selling dubious credit-related products and marketing. TransUnion entered into an agreement with the CFPB in 2017, agreeing to pay $13.9 million in…
Boeing has removed 141 airplanes from its backlog of pending orders, many of them because of what it termed geopolitical considerations including restrictions on sales because of sanctions like those imposed on Russia for its war against Ukraine. That means that Boeing now questions whether those sales will ever be completed because of sanctions. Boeing…
By Katanga Johnson WASHINGTON (Reuters) – World stocks edged higher after a wobbly start on Tuesday, while U.S. Treasury yields slipped as data showing a jump in U.S. inflation was in line with expectations. The U.S. consumer price index rose 1.2% last month, the biggest increase in 16-1/2 years and cementing the case for a…
DETROIT (AP) — Toyota, the top-selling automaker in the U.S., is rolling out its first fully electric vehicle in eight years. The company on Tuesday unveiled the battery-powered bZ4X small SUV, which starts at $42,000 and can go up to 252 miles (406 kilometers) per charge. The bZ4X, which will be sold globally, adds to…
By David Lawder WASHINGTON (Reuters) – The COVID-19 pandemic wreaked havoc on global supply chains but new International Monetary Fund research shows that more diversification of source countries and inputs can significantly reduce the economic drag from supply disruptions. In an analytical chapter of its forthcoming World Economic Outlook, IMF researchers said that countries experienced…
GENEVA (AP) — The World Trade Organization predicted Tuesday that trade in goods will grow much less than previously expected this year, saying prospects for the global economy have darkened since the onset of Russia’s war in Ukraine. In the latest grim economic outlook to emerge, the Geneva-based trade body pointed to multiple uncertainties in…
KIAMBU COUNTY, Kenya (AP) — Monica Kariuki is about ready to give up on farming. What is driving her off her 10 acres of land outside Nairobi isn’t bad weather, pests or blight — the traditional agricultural curses — but fertilizer: It costs too much. Despite thousands of miles separating her from the battlefields of…
By Josh Ye HONG KONG (Reuters) – China lifted a nine-month freeze on gaming licences after companies, including industry leader Tencent, made major adjustments to their business practices and due to the ban’s economic fallout, industry sources and analysts said. The watchdog of the $47 billion video games market, the world’s largest, stopped issuing publishing…
(Reuters) – U.S. stock futures extended gains on Tuesday as Treasury yields backed off after data showed consumer prices rose largely in line with estimates in March, taking some pressure off markets concerned about aggressive interest rate hikes. At 08:38 a.m. ET, Dow e-minis were up 124 points, or 0.36%, S&P 500 e-minis were up…
By Brenna Hughes Neghaiwi and Oliver Hirt ZURICH (Reuters) -Proxy adviser Glass Lewis recommended shareholders vote against providing Credit Suisse’s board and management a discharge for 2020 at the Swiss bank’s annual general meeting. It said shareholders “could reasonably hold the board and executives accountable for the identified deficiencies in the Company’s risk and control…
