By Nate Raymond (Reuters) -The U.S. Supreme Court on Friday preserved the Justice Department’s power to unilaterally dismiss lawsuits filed under a law that lets whistleblowers sue businesses on behalf of the government to recover taxpayer money paid to companies based on false claims in exchange for a portion of any recovery. The 8-1 ruling,…
BRUSSELS (Reuters) – U.S. Defense Secretary Lloyd Austin expressed optimism on Friday that he would eventually hold talks with his Chinese counterpart after being snubbed by Beijing during an event in Singapore earlier this month. “I’m confident that, over time, that’s going to happen. We’re going to meet at some point in time. But we’re…
By Simon Johnson, John O’Donnell and Marie Mannes STOCKHOLM/FRANKFURT (Reuters) -Sweden’s government is ready to step in to stem the fallout from a property rout if tumbling prices cause a wider crisis – a potential harbinger of trouble across Europe. High debts, rising interest rates and a wilting economy has produced a toxic cocktail for…
BRUSSELS (Reuters) -U.S. Defense Secretary Lloyd Austin said he urged Turkey to allow Sweden’s entry into NATO during an introductory meeting on Friday with his new Turkish counterpart Yasar Guler during a gathering of NATO defense ministers in Brussels. “My purpose in meeting him today was an introductory meeting, just to congratulate him on being…
MEXICO CITY (Reuters) -Mexican Interior Minister Adan Augusto Lopez has resigned from his post to compete for the ruling party’s candidacy in next year’s presidential elections, President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador said during a regular press conference that the interior minister had resigned the day before. Lopez later confirmed his…
By Michael S. Derby NEW YORK (Reuters) – The New York Fed’s in-house economic forecasting model is predicting a notably brighter economic future for the U.S. relative to three months ago, the bank said Friday. The model, which the bank stresses is not an official projection of the bank but a tool for policymakers to…
By Michael S. Derby NEW YORK (Reuters) – The New York Fed’s in-house economic forecasting model is predicting a notably brighter economic future for the U.S. relative to three months ago, the bank said Friday. The model, which the bank stresses is not an official projection of the bank but a tool for policymakers to…
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management has suspended further funds after increased investor redemptions, letters posted on the fund’s website showed. The hedge fund, once run by one of Britain’s best known star managers, Crispin Odey, has grappled with investor flight after the founder became the focus of sexual misconduct allegations in media…
By Charlotte Greenfield (Reuters) -The Taliban’s acting governor of the Afghan central bank met China’s ambassador this week to discuss banking relations and business, the bank’s spokesperson told Reuters on Friday. Afghanistan’s banking system has been severely hampered by U.S.-led sanctions, a drop in liquidity from frozen central bank assets and a cut in development…
By Arriana McLymore NEW YORK (Reuters) – Amazon is excluding its new competitor Temu from its price searching algorithm that checks if products sold on its platform are competitive with rivals, saying the site doesn’t meet its standards. According to Amazon, Temu, an e-commerce marketplace that launched in September, does not meet its strict qualification…
