MOSCOW (Reuters) – Russia’s economic growth this year is likely to come in at the top end of the central bank’s forecast range of between minus 1% and 1%, a senior bank official said on Tuesday. In an interview broadcast on state TV, Deputy Governor Alexei Zabotkin said operational data from the first quarter of…
(Reuters) – Russian lawmakers voted on Tuesday to introduce life sentences for those convicted of treason, part of a concerted drive since Moscow’s invasion of Ukraine to step up punishment of dissenters and perceived traitors. The lower house of parliament, the State Duma, also voted to increase maximum sentences for a range of terrorism and…
By Mathieu Rosemain and Gus Trompiz PARIS (Reuters) -French shipping group CMA CGM is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday. For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid…
By Dan Peleschuk and Guy Faulconbridge KYIV/MOSCOW (Reuters) – Russian President Vladimir Putin has met his commanders in two regions of Ukraine that Moscow claims to have annexed, while Russian forces stepped up heavy artillery bombardments and air strikes on Tuesday on the devastated Ukrainian city of Bakhmut. Ukraine’s President Volodymyr Zelenskiy, meanwhile, visited troops…
(Reuters) – Bank of New York Mellon Corp beat first-quarter profit estimates on Tuesday, benefiting from the Federal Reserve’s rate hikes that boosted the lender’s interest income. Banks have been major beneficiaries of the Fed’s aggressive monetary policy aimed at curbing decades-high inflation, which has also led to heightened market volatility and credit tightening. The…
By Howard Schneider ST. LOUIS (Reuters) – The U.S. central bank should continue raising interest rates on the back of recent data showing inflation remains persistent while the broader economy seems poised to continue growing, even if slowly, St. Louis Federal Reserve President James Bullard said. In comments countering views that the U.S. is heading…
MOSCOW (Reuters) – Russia’s leading opposition figure, Alexei Navalny, faces the prospect of new criminal charges after in effect being forced to break the rules of the maximum security penal colony where he is being held, one of his lawyers said on Tuesday. Vadim Kobzev said on Twitter that a foul-smelling inmate with poor hygiene…
By Jack Queen (Reuters) – One of the most closely watched U.S. media trials in decades kicks off in a Delaware court on Tuesday as Fox Corp and Fox News face a $1.6 billion defamation lawsuit by Dominion Voting Systems over the network’s coverage of false claims that the ballot-counter company rigged the 2020 presidential…
By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -The courtroom showdown in the $1.6 billion defamation lawsuit by Dominion Voting Systems against Fox Corp and Fox News is set to get underway on Tuesday, with jury selection due to be completed and opening statements delivered in a trial putting one of the world’s leading…
(Reuters) – Electric-vehicle company Lordstown Motors Corp said on Tuesday production and deliveries of its Endurance electric pick-up truck resumed this month after a pause in February to address quality issues. EV startups have been struggling with dwindling cash balances and production challenges as access to capital tightens amid rising U.S. interest rates to tame…
