BERLIN (Reuters) – Inflation is a risk for financial stability and central banks must take this into consideration, German Finance Minister Christian Lindner said on Monday. “Inflation is a tough beast,” said Lindner at an event of the association of German banks, adding that inflation is a risk not only for the financial system, but…
By Andy Sullivan WASHINGTON (Reuters) – The spending-cut proposals unveiled by U.S. House of Representatives Speaker Kevin McCarthy on Monday could fall hardest on people in Republican-leaning states, a Reuters analysis of federal spending data found. McCarthy’s plan, which he presented as a condition for raising the United States’s $31.4 trillion debt ceiling, calls for…
(Reuters) – Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units. The layoffs will affect around 3,000 of the company’s U.S. employees. The decision was taken after…
By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Attorney General Merrick Garland said on Monday the Justice Department intends to appoint a prosecutor and a legal adviser to assist Ukraine with its efforts to investigate and prosecute suspected war crimes by Russian forces. The prosecutor will be based in The Hague at Eurojust, the European Union Agency…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by General Motors Co to revive its racketeering lawsuit against rival automaker Fiat Chrysler Automobiles (FCA), now part of Franco-Italian automaker Stellantis NV, over bribery allegations involving the United Auto Workers union. The justices turned away an appeal by…
By Jody Godoy (Reuters) – Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in the wake of the cryptocurrency exchange’s collapse should be dismissed. The proposed class action in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the…
By Luc Cohen NEW YORK (Reuters) -Republican U.S. congressman Jim Jordan on Monday asked a judge to let a House of Representatives panel’s investigation into the criminal prosecution of former President Donald Trump proceed, saying a subpoena of a former Manhattan prosecutor was needed by lawmakers as they consider possible legislation. Jordan, chairman of the…
By Timothy Gardner and Moira Warburton WASHINGTON (Reuters) – The U.S. Treasury published a warning to U.S. companies on Monday of possible evasions of the Russian petroleum price cap of crude oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia. The Office of Foreign Assets Control (OFAC) at the…
By Timothy Gardner and Moira Warburton WASHINGTON (Reuters) – The U.S. Treasury published a warning to U.S. companies on Monday of possible evasions of the Russian petroleum price cap of crude oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia. The Office of Foreign Assets Control (OFAC) at the…
By Pavel Polityuk, Pawel Florkiewicz and Andriy Perun KYIV/RAVA-RUSKA, Ukraine (Reuters) – Slovakia on Monday joined Poland and Hungary in banning grain imports from Ukraine as even Kyiv’s staunchest allies come under domestic pressure to shield their agriculture markets. The heat is mounting on Brussels to work out a European Union wide solution after Warsaw…
