By Tatiana Bautzer NEW YORK (Reuters) -Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although they said delinquency levels were still modest. Profits at Bank of America Corp, JPMorgan Chase & Co, Wells Fargo & Co and Citigroup…
By Kanishka Singh WASHINGTON (Reuters) – A leaked U.S. military assessment says the Chinese military may soon deploy a high-altitude spy drone that travels at least three times the speed of sound, the Washington Post reported late on Tuesday. The newspaper cited a secret document from the National Geospatial-Intelligence Agency. The document, which Reuters could…
By Steve Gorman (Reuters) -Four people were found shot to death in rural Maine on Tuesday, and three motorists were wounded by gunfire on a nearby stretch of highway in a series of related incidents for which a single suspect has been arrested, state police said. A man initially detained by police as a “person…
By Ismail Shakil (Reuters) – A union representing some 155,000 public sector workers in Canada called for a strike starting on Wednesday after failing to reach a new wage deal with the federal government, setting up a walkout that could affect tax filings and passport services. The Public Service Alliance of Canada (PSAC) union, which…
By M. Sriram MUMBAI (Reuters) – A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of…
By Andrea Shalal WASHINGTON (Reuters) -British trade minister Nigel Huddleston signed a trade deal with the U.S. state of Oklahoma in Washington on Tuesday, while hailing another accord aimed at easing rules for UK architects working in the United States, the British embassy said. The trade and economic memorandum of understanding with Oklahoma, signed by…
By Sarah N. Lynch WASHINGTON (Reuters) – Rapper Prakazrel “Pras Michel” of the Fugees, testifying in his own defense on Tuesday, said he received $20 million from Malaysian financier Jho Low to help him get a photo with former President Barack Obama. Michel faces criminal conspiracy, foreign lobbying and campaign finance charges for allegedly plotting…
(Reuters) -Australia’s Star Entertainment Group Ltd on Wednesday announced 500 job cuts and trimmed its annual earnings forecast, sending its shares 11% lower, as regulatory restrictions and weak consumer behaviour dent the casino operator’s earnings. The company will lay-off some full-time equivalent employees across the group, cancel short-term and other incentives for fiscal 2023, among…
By Helen Coster and Jack Queen WILMINGTON, Delaware (Reuters) -Fox Corp and Fox News on Tuesday settled a defamation lawsuit by Dominion Voting Systems for $787.5 million, averting a trial putting one of the world’s top media companies in the crosshairs over its coverage of false vote-rigging claims in the 2020 U.S. election. The settlement,…
MEXICO CITY (Reuters) -Mexico’s Supreme Court ruled as unconstitutional on Tuesday the transfer of control over the civilian-led National Guard to the Army, a step which had drawn criticism from activists concerned about the increasing militarization of public security. The court’s decision is a blow to President Andres Manuel Lopez Obrador, who had backed a…
