By Brendan Pierson (Reuters) – Los Angeles on Tuesday announced a settlement with a Nevada-based company it accused of illegally selling so-called “ghost guns,” components without serial numbers that a purchaser can easily assemble into a complete gun, in California. The company, Polymer80, will pay $4 million in civil penalties, and its two founders will…
By Ahmed Eljechtimi RABAT (Reuters) – Two thirds of Moroccan jobs are now in the grey economy, statistics agency said on Tuesday, giving its first public assessment of a trend that the government says is depriving the economy of $3.4 billion annually. Nearly all the jobs in the agricultural sector, which represents 14% of the…
By Fatos Bytyci ZVECAN, Kosovo (Reuters) -NATO is to send 700 extra troops to Kosovo and put another battalion on high alert to go in as unrest in the region has intensified since ethnic Albanian mayors took office in the country’s northern Serb-majority area after votes last month. In the town of Zvecan on Tuesday,…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence slipped to a six-month low in May as Americans’ assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support economic growth this quarter. The ebb in confidence reported by the…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence slipped to a six-month low in May as Americans’ assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support economic growth this quarter. The ebb in confidence reported by the…
(Reuters) – Goldman Sachs Group Inc is expected to cut fewer than 250 jobs in the coming weeks as a sluggish market for deals weighs on investment banking, a source familiar with the matter said. The departures could be spread across seniority levels and include partners and managing directors, the source said. The layoffs were…
By Hannah Lang WASHINGTON (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese officials gave their currency a nudge. Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s top currency diplomat…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell more than 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. Brent crude futures settled down $3.53, or 4.6%,…
By Luc Cohen NEW YORK (Reuters) – U.S. prosecutors on Monday said they opposed a motion by former cryptocurrency billionaire Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers to plug losses at his hedge fund. Bankman-Fried, the 31-year-old founder of FTX Trading, has pleaded not guilty in Manhattan…
BOGOTA (Reuters) – Colombia’s central bank could call time on its upward monetary cycle after inflation in Latin America’s fourth-largest economy slowed in May, bank board chief Leonardo Villar said on Tuesday. Villar also forecast high profits for the bank in 2023. The monetary authority has hiked its benchmark interest rate by 1,150 basis points…
