By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Monday granted preliminary approval to JPMorgan Chase’s $290 million settlement with women who said Jeffrey Epstein abused them, and that the largest U.S. bank turned a blind eye to the late financier’s sex trafficking. The approval was issued by U.S. District Judge…
(Reuters) -Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court on Tuesday for fraud by negligence in the 2015 diesel scandal, becoming the first former Volkswagen board member to receive such a sentence. The ex-boss was fined 1.1 million euros ($1.20 million), which will…
SARAJEVO (Reuters) – Unless EU aspirant Montenegro adopts a new economic growth strategy that would boost productivity and human capital, its incomes will not converge with average EU levels in the next 40 years, the World Bank warned on Tuesday. The tiny Adriatic country, which started EU accession negotiations in 2012, hopes to speed up…
PARIS (Reuters) – A sizeable chunk of Renault’s planned electric vehicle spinoff could remain in free float on the stock market, its CEO said in an interview published on Tuesday, declining comment on any further strategic investor who would join partners Qualcomm and Nissan. “We need to leave some free float, because we still want…
TEGUCIGALPA (Reuters) – Honduras’ military began taking control of the country’s violent prisons on Monday, following a gang dispute that left 46 inmates dead at a women’s detention center last week, officials said. Leftist President Xiomara Castro announced last week she would hand the military police control of the prison system, a departure from a…
(Reuters) -Aston Martin said on Tuesday it remained on track to report an adjusted profit of 500 million pounds ($636.7 million) by the fiscal year 2025. The Gaydon-based group said it expects to “substantially achieve” those financial targets in 2024 – including a revenue forecast of about 2 billion pounds – and added it is…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s exports contracted less than expected in May, as higher industrial goods shipments and a weakening baht helped offset some of the impact of sluggish global demand, the commerce ministry said on Tuesday. Customs-based exports, a key driver of Thai growth, declined 4.6% in May from a…
By Mike Spector, Joseph White and Dietrich Knauth NEW YORK (Reuters) – Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after the U.S. electric truck manufacturer failed to resolve a dispute over a promised investment from Taiwan company Foxconn. Lordstown, named after the Ohio town where it is based,…
SINTRA, Portugal (Reuters) – The European Central Bank will likely keep raising interest rates after its next meeting even as the economy slows because inflation remains too high, ECB policymaker Martins Kazaks said on Tuesday. The latest economic surveys have painted a worsening picture for the euro zone and its economic powerhouse, Germany, which are…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s Finance Minister Shunichi Suzuki kept up verbal warnings on Tuesday against the yen’s depreciation, saying he would respond appropriately if currency moves became excessive. Suzuki’s latest warning shot came as the dollar traded at 143.43 yen, down 0.06% from late U.S. levels. Japanese officials have sounded the alarm…
