BEIJING (Reuters) – China has rolled out a series of policy measures in recent weeks to support the economy as its post-pandemic recovery falters, and more steps are expected. The world’s second-largest economy staged a solid rebound in the first quarter after COVID curbs were removed, but the recovery has faded as demand at home…
By Sarah N. Lynch (Reuters) – Jack Smith, the U.S. special counsel who on Tuesday filed a second federal criminal indictment against Donald Trump, has a reputation for winning tough cases against war criminals, mobsters and crooked cops. Appointed last November by Attorney General Merrick Garland to take over two Justice Department investigations involving Trump,…
By Danielle Broadway LOS ANGELES (Reuters) – Three former dancers for Grammy-winning singer Lizzo accused her of creating a hostile work environment, including weight shaming and sexually denigrating behavior, in a lawsuit released on Tuesday. The lawsuit in Los Angeles County Superior Court named Lizzo, whose real name is Melissa Viviane Jefferson, her production company…
By Leika Kihara CHIBA, Japan (Reuters) -The Bank of Japan’s decision last week to tweak its bond yield control policy was aimed at making its massive stimulus more sustainable, not a prelude to an exit from ultra-low interest rates, its deputy governor Shinichi Uchida said on Wednesday. Uchida said there was still a long way…
By David Lawder WASHINGTON (Reuters) -Biden administration officials complained on Tuesday about ratings agency Fitch’s downgrade of the top U.S. government credit rating, saying the group used flawed methodology and ignored a resilient economy. Leading the charge was U.S. Treasury Secretary Janet Yellen, who issued a statement declaring “I strongly disagree with Fitch Ratings’ decision”…
(Reuters) -The wage law enforcement agency of the Australian state of Victoria on Wednesday said it has filed more than 1,000 charges against top grocer Woolworths Group, alleging failure to pay A$1 million ($659,000) in long-service leave to over 1,200 former employees. The Wage Inspectorate Victoria (WIV) said that between 2018 and 2021, Woolworths did…
BEIJING (Reuters) – China’s finance ministry on Wednesday unveiled a package of tax relief measures to support small businesses and rural households, as the world’s second-largest economy struggles with a post-COVID recovery. Amid weak demand both at home and abroad, China’s economic recovery has lost steam since April, adding pressure on policymakers to revive the…
By Rich McKay (Reuters) – An estimated $1.1 billion jackpot in the multistate Mega Millions lottery draw, one of the richest in its history, found no winners on Tuesday night, boosting the prize for the next draw later this week. No one held the numbers 8, 24, 30, 45, 61, and the Mega Ball number…
By Lisandra Paraguassu BRASILIA (Reuters) – Brazil has resisted gathering momentum in the BRICS group of major emerging economies to add more member countries, but debate over admission criteria seems inevitable at this month’s summit, three Brazilian government officials told Reuters. The group including Russia, India, China and South Africa, has been hailed by some…
WASHINGTON (Reuters) -U.S. Vice President Kamala Harris on Tuesday rejected an invitation from Florida Governor Ron DeSantis to discuss the state’s new Black history curriculum and said she will not be debating the topic of slavery with him. DeSantis, who is running for the 2024 Republican presidential nomination, on Monday invited Harris to Florida to…
