By Juliette Jabkhiro and Michel Rose PARIS (Reuters) – Rahman Oliur was anxiously waiting at a corner of a Parisian street on Wednesday, shortly after a blast ripped through it, injuring at least 30 and blowing up the front of his bazaar. “The shop exploded. It felt like it was a bomb, an attack,” said…
By Jody Godoy (Reuters) – Former Goldman Sachs banker Brijesh Goel’s trial on insider trading charges drew to a close on Tuesday, with his attorney saying he was framed by his friend and a prosecutor saying Goel had lied to a New York jury. Goel, a former Goldman Sachs vice president, faces securities fraud, conspiracy…
By Patrick Wingrove NEW YORK (Reuters) -The Pharmaceutical Research and Manufacturers of America (PhRMA), the leading industry lobby group, and two other organizations on Wednesday said they were suing the U.S. government to block enforcement of a program that gives Medicare the power to negotiate drug prices. In a complaint filed in a federal court…
LONDON (Reuters) -British defence minister Ben Wallace said on Wednesday he did not expect to succeed Jens Stoltenberg as NATO secretary general, The Economist magazine reported. Stoltenberg is due to step down in September after nine years as secretary general of the military alliance but it has struggled to decide on a replacement ahead of…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell’s comments on the central bank’s ongoing fight to lower inflation failed to live up to the more hawkish market expectations. Powell told lawmakers the fight against inflation still “has a long…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell’s comments on the central bank’s ongoing fight to lower inflation failed to live up to the more hawkish market expectations. Powell told lawmakers the fight against inflation still “has a long…
By Trevor Hunnicutt and Ryan Woo KENTFIELD, California/BEIJING (Reuters) -China hit back on Wednesday after U.S. President Joe Biden referred to President Xi Jinping as a “dictator”, saying the remarks were absurd and a provocation, an unexpected flare-up following attempts by both sides to reduce friction. Biden made his comments just a day after U.S….
OTTAWA (Reuters) – Russia-aligned hackers could seek to disrupt Canada’s powerful oil and natural gas sector, especially since Ottawa is a strong backer of Ukraine, a Canadian spy agency said on Wednesday. The Communications Security Establishment (CSE) signals intelligence agency said Russia had repeatedly deployed destructive cyber attacks against its adversaries as geopolitical crises escalate….
By Michael S. Derby (Reuters) – Two Federal Reserve officials and a labor economist who aspires to join their ranks told U.S. senators on Wednesday that they will set policy based on data and the central bank’s official mandates, pushing back against some Republicans who suggested they might put personal politics first. When setting policy…
By Simon Jessop LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill. Initially partnering with British lender HSBC Holdings Plc in eight branches in Britain, Mastercard said banks…
