By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat Wall Street estimates for the second-quarter with record profit even as its chief Jamie Dimon cautioned about unprecedented economic risks. The largest U.S. lender’s profit climbed as it earned more from borrowers’ interest payments and benefited from the purchase of First Republic Bank. While Dimon…
DUBAI (Reuters) – Sudanese human rights organisations had evidence the Sudanese paramilitary Rapid Support Forces (RSF) had detained more than 5,000 people in the capital and were keeping them in inhumane conditions, the group told Reuters on Friday. The RSF has been fighting the Sudanese army for three months, having dominated the Sudanese capital on…
(Reuters) – Former Netflix content chief Cindy Holland on Friday has been named the global CEO of entertainment group Sister, co-founded by Elisabeth Murdoch, the daughter of media mogul Rupert Murdoch. Holland left Netflix in 2020 after 18 years at the streaming giant, including nine years where she served as vice president of original content….
By Jennifer Rigby LONDON (Reuters) -The sweetener aspartame is a “possible carcinogen” but it remains safe to consume at already-agreed levels, two groups linked to the World Health Organization (WHO) declared on Friday. The rulings are the outcome of two separate WHO expert panels, one of which flags whether there is any evidence that a…
By David Lawder WASHINGTON (Reuters) – U.S. Internal Revenue Service Commissioner Danny Werfel said on Friday that a Republican plan to cut the agency’s annual budget would reduce its ability to ramp up tax collections on millionaires like it has done in recent months. Republicans on the U.S. House of Representatives Appropriations Committee have proposed…
(Reuters) – Pot producer Canopy Growth has signed agreements with lenders to reduce its debt by C$437 million ($333.36 million) over the next six months, weeks after the Canadian firm raised doubts about its ability to continue as a going concern. The agreements with secured and unsecured lenders would also lower its interest expenses by…
By Saeed Azhar and Nupur Anand NEW YORK (Reuters) – Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their second-quarter decline as consumers keep spending and moving their money in search of higher yields. “We do expect deposits to come down,” Wells Fargo chief financial officer Mike Santomassimo told…
BRUSSELS (Reuters) – Next week’s summit of leaders from the European Union, Latin America and the Caribbean is unlikely to unlock a proposed EU-Mercosur free trade agreement, officials from both sides said on Friday. More than 50 leaders are expected to attend the EU-CELAC (Community of Latin American and Caribbean States) summit in Brussels on…
By Arriana McLymore NEW YORK (Reuters) – Amazon shoppers snagged deals on food delivery, travel and healthcare during a two-day Prime Event that ended on Wednesday, highlighting the potential for growth in services at an e-retailing giant long focused on goods. Amazon’s 200 million U.S. Prime members snapped up $12.7 billion in merchandise, a record…
By Tom Balmforth KYIV (Reuters) – He wears a pistol to interviews with foreign journalists and discusses wartime intelligence. Weapons and military gear are strewn on the floor of his Kyiv office. He says he has “sources” close to Russian President Vladimir Putin. For an intelligence chief running Ukraine’s spy operations during war with Russia,…
