By Samrhitha A and Svea Herbst-Bayliss (Reuters) – Ryan Cohen, the billionaire investor whose bold bet on GameStop Corp made him a hero to meme stock traders, took over as executive chairman on Wednesday after the video game retailer ousted its CEO and posted a bigger-than expected quarterly loss. Investors pushed the stock price down…
MADRID (Reuters) -U.S. electric car manufacturer Tesla is in talks with the leaders of the regional government of Valencia in Spain to make an automotive investment, a source close to the discussions has told Reuters. A spokesperson for Valencia’s regional government told Reuters it had held meetings and conversations with an unidentified company about a…
By Philip Blenkinsop BRUSSELS (Reuters) -The euro zone economy fell into a technical recession in the first three months of 2023, data from statistics agency Eurostat showed on Thursday as signs emerge that central bank rate hikes will crimp the region’s future growth prospects. Gross domestic product (GDP) for the 20-country euro zone fell by…
By Joseph Ax (Reuters) – Pat Robertson, the televangelist who helped turn Christian conservatives into a potent force in U.S. politics, died at age 93 at his Virginia home, the Christian Broadcasting Network said in a statement on Thursday. Robertson founded the network in 1960 and hosted the flagship program “The 700 Club” for decades,…
LONDON (Reuters) -Global payments processors Visa and Mastercard have fought off a new set of lawsuits over fees charged to retailers, with a London tribunal ruling on Thursday that the proposed collective cases cannot proceed for now. The two firms already face a long list of lawsuits in London over so-called multilateral interchange fees, which…
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s ousted former prime minister Imran Khan secured bail on Thursday from the Islamabad High Court over new murder charges, meaning he cannot be rearrested in connection with those charges for the next 14 days, his lawyer said. Khan was arrested on May 9 and held for three days, triggering…
By Jonathan Stempel NEW YORK (Reuters) – The former JPMorgan Chase & Co executive accused of shepherding the bank’s relationship with Jeffrey Epstein formally denied involvement in the disgraced financier’s sex trafficking, and blamed JPMorgan for keeping him as a client. In Wednesday night filings in Manhattan federal court, Jes Staley said his dealings with…
TAIPEI (Reuters) -Taiwan activated its defence systems on Thursday after reporting 37 Chinese military aircraft flying into the island’s air defence zone, some of which then flew into the western Pacific, in Beijing’s latest mass air incursion. China, which views democratically governed Taiwan as its own territory, has over the past three years regularly flown…
By Viktoriia Lakezina and Max Hunder KHERSON, Ukraine (Reuters) – Ukrainians abandoned inundated homes on Wednesday as floods crested across the south after the destruction of a huge hydroelectric dam on front lines between Russian and Ukrainian forces, with their presidents trading blame for the disaster. Residents slogged through flooded streets carrying children on their…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) temporarily halted flights from the U.S. northeast, Ohio and Mid-Atlantic bound for New Philadelphia on Thursday, saying wildfire smoke from Canada was reducing visibility and impacting U.S. flights. The agency said it was delaying flights into New York City’s LaGuardia Airport with delays averaging…
