By Noe Torres MEXICO CITY (Reuters) – Mexico’s peso currency has reached its highest value versus the U.S. dollar in seven years, as the president celebrates its strength but analysts warn of harmful side effects on exports and remittances. The Mexican peso is among the top-performing currencies this year with a 12% surge against the…
(Reuters) – Meta Platforms’ Oversight Board has asked the social media firm to evaluate efforts to prevent promotion of political violence on its platforms, after it allowed a video calling for violence post the 2022 Brazilian election to stay online. The board said on Thursday that Meta’s original decision to leave up the Facebook video,…
BRUSSELS (Reuters) – EU foreign policy chief Josep Borrell proposed steps to end weeks of violence in predominantly Serb areas of northern Kosovo to the leaders of Kosovo and Serbia on Thursday, but there were no signs of an immediate breakthrough. Violence flared in four northern Kosovo municipalities late last month after ethnic Albanian mayors…
By Yuvraj Malik (Reuters) -A group of buyers including Fortress Investment Group may take over Vice Media after the consortium’s $225-million offer for the bankrupt company emerged as the only “qualified” bid on the table, according to a legal filing. Thursday’s auction has been canceled and a hearing to approve the sale of the company was…
FRANKFURT (Reuters) – The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest rates make that extra liquidity unnecessary, a paper by a Fed economist showed on Thursday. The world’s two largest central…
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to get creditors on side for a bankruptcy restructuring plan, according to people close to the matter. Americanas, which filed for bankruptcy protection in January after uncovering 20 billion reais, some…
WASHINGTON (Reuters) – President Joe Biden said on Thursday he did not think his comment referring to Chinese President Xi Jinping as a dictator had undermined or complicated the U.S. relationship with China, while declining to walk back the sentiment. “The idea of my choosing and avoiding saying what I think is the facts with…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed Chair Jerome Powell backed more U.S. rate increases albeit at a “careful pace” and as a spate of interest rate hikes by several central banks fuelled concerns over the outlook for global growth. Sterling was…
(This June 13 story has been corrected to clarify that Trump and Nauta were ordered not to talk with potential witnesses about the case in paragraphs 4 and 5) By Jack Queen and Jacqueline Thomsen MIAMI (Reuters) – Former U.S. President Donald Trump pleaded not guilty on Tuesday to federal criminal charges that he unlawfully…
(Reuters) – The five people aboard a submersible that went missing during a tourist expedition to the Titanic’s wreckage died in an implosion after the loss of the pressure chamber, U.S. Coast Guard officials said on Thursday. The following is what we know so far: WHO WAS ON BOARD? * HAMISH HARDING. The British billionaire…
