By Jonathan Stempel NEW YORK (Reuters) – The former JPMorgan Chase & Co executive accused of shepherding the bank’s relationship with Jeffrey Epstein formally denied involvement in the disgraced financier’s sex trafficking, and blamed JPMorgan for keeping him as a client. In Wednesday night filings in Manhattan federal court, Jes Staley said his dealings with…
TAIPEI (Reuters) -Taiwan activated its defence systems on Thursday after reporting 37 Chinese military aircraft flying into the island’s air defence zone, some of which then flew into the western Pacific, in Beijing’s latest mass air incursion. China, which views democratically governed Taiwan as its own territory, has over the past three years regularly flown…
By Viktoriia Lakezina and Max Hunder KHERSON, Ukraine (Reuters) – Ukrainians abandoned inundated homes on Wednesday as floods crested across the south after the destruction of a huge hydroelectric dam on front lines between Russian and Ukrainian forces, with their presidents trading blame for the disaster. Residents slogged through flooded streets carrying children on their…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) temporarily halted flights from the U.S. northeast, Ohio and Mid-Atlantic bound for New Philadelphia on Thursday, saying wildfire smoke from Canada was reducing visibility and impacting U.S. flights. The agency said it was delaying flights into New York City’s LaGuardia Airport with delays averaging…
MEXICO CITY (Reuters) – Mexico’s annual inflation rate slowed in May for a fourth consecutive month to 5.84%, data from statistics agency INEGI showed on Thursday, beating forecasts and continuing a downward trend spurred by a long cycle of rate hikes. Headline inflation came in below a forecast of 5.90% and is now at its…
WASHINGTON (Reuters) – The U.S. Department of Justice should investigate whether cryptocurrency exchange Binance made false statements to Congress in a written response to lawmakers this year, two Democratic U.S. senators said in a letter released on Thursday. “This is a serious matter,” Senator Elizabeth Warren and Chris Van Hollen wrote in a letter to…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits surged last week, suggesting that the labor market was slowing amid mounting risks of a recession. Initial claims for state unemployment benefits jumped 28,000 to a seasonally adjusted 261,000 for the week ended June 3, the Labor Department said on Thursday. Economists…
By Belén Carreño, Anthony Boadle and Michel Rose MADRID/BRASILIA/PARIS (Reuters) – Spain will appeal to President Emmanuel Macron’s ambition to make the European Union a “third pole” in world affairs in its bid to secure vital French backing for a stalled EU trade deal with South America, according to three senior government and diplomatic sources….
WASHINGTON (Reuters) – Secretary of State Antony Blinken on Thursday welcomed the Ethiopian government’s commitment to investigate the diversion of American food aid away from people who needed it, the State Department said. The U.S. Agency for International Development (USAID) said earlier it was suspending food aid to Ethiopia after determining, in coordination with the…
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures. Despite hitting an 18-month low of 4.70% in…
