By Jack Queen (Reuters) -Donald Trump faces a formidable task defending against charges that he illegally kept top-secret documents upon leaving the White House in 2021, according to legal experts, who say neither the law nor the facts appear to be on his side. The former U.S. president, who is a candidate to run again…
By Daniel Wiessner (Reuters) – A U.S. appeals court on Wednesday revived a lawsuit by a white former employee of Indian IT services company Tech Mahindra Ltd’s U.S. subsidiary, alleging that the company discriminates against non-South Asian workers. A unanimous three-judge panel of the 3rd U.S. Circuit Court of Appeals said the judge who dismissed…
By Sabine Siebold and Andrew Gray Brussels (Reuters) – NATO must work harder to set common standards for weapons and ammunitions, its chief said on Wednesday, as the alliance tries to boost defence production amid a Ukrainian counteroffensive likely to deplete Western military stocks even further. Announcing a Defence Production Action Plan designed to “rapidly…
WASHINGTON (Reuters) – The United States is seeking more information from the Israeli government about the decision that soldiers will not be criminally prosecuted over the death of a Palestinian-American man, the State Department said on Wednesday. Israel’s military advocate general said on Tuesday that soldiers who left Omar As’ad outside overnight after detaining him,…
By Arathy Somasekhar HOUSTON(Reuters) – Oil prices fell 1.5% on Wednesday after the U.S. Federal Reserve projected more interest rate hikes this year, worrying markets about demand just hours after government data showed an unexpected, large build in U.S. crude oil stocks. Brent crude futures settled $1.09, or 1.5%, lower at $73.20 a barrel, while…
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the central bank’s next rate-setting meeting in July would be a “live” meeting after officials chose to forego a rate hike in June. Powell’s remarks came after the Federal Open Market Committee left its benchmark rate at 5.00% to 5.25%, but officials’ forecasts showed they…
By Ismail Shakil OTTAWA (Reuters) -Canada’s budgetary watchdog estimated on Wednesday that a deal offering Volkswagen production tax credits to build a battery gigafactory in the country will cost taxpayers about C$2.4 billion ($1.8 billion) more than announced. The forecast comes as the government tries to sweeten a subsidy deal for Jeep maker Stellantis, which…
By Ismail Shakil OTTAWA (Reuters) -Canada’s budgetary watchdog estimated on Wednesday that a deal offering Volkswagen production tax credits to build a battery gigafactory in the country will cost taxpayers about C$2.4 billion ($1.8 billion) more than announced. The forecast comes as the government tries to sweeten a subsidy deal for Jeep maker Stellantis, which…
By Mimosa Spencer PARIS (Reuters) – The final shape of LVMH’s likely Olympics sponsorship rests on Antoine Arnault, one of LVMH Chairman and CEO Bernard Arnault’s five children and heirs, in a high-profile deal that could test the 46-year old’s marketing prowess. All of Bernard Arnault’s five children hold important positions in LVMH, with each…
By Sheila Dang (Reuters) – Alphabet’s Google said on Wednesday it is launching two new artificial intelligence-powered features for advertisers that will automatically find the best ad placements for brands across the tech company’s services. AI has dominated the tech industry in recent months as Google and other companies have developed novel chatbots that can…
