Loss-making Wheels Up to give 95% stake to lenders for $500 million
(Reuters) -Money-losing private jet charter company Wheels Up Experience said on Tuesday it would give up 95% of its common…
August 15, 2023
Strong US retail sales underscore economy’s resilience
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in July as Americans boosted online purchases…
White House sees no reason for a government shutdown
WASHINGTON (Reuters) – The White House said on Tuesday that they do not see any reason to have a government…
Binance files for protective order against SEC
(Reuters) -Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission,…
Bankrupt Lordstown Motors reaches $40 million settlement with Karma Automotive
(Reuters) – Lordstown Motors said on Tuesday it had reached a $40-million settlement with Karma Automotive over a 2020 lawsuit…
Colombia’s potential renewables boom short circuits on Indigenous resistance
By Nelson Bocanegra BOGOTA (Reuters) – In May, a forum bringing together leaders debating wind and solar development in Colombia’s…
Walgreens must face US, Virginia Medicaid fraud lawsuit over hepatitis C drugs
By Jonathan Stempel (Reuters) -A federal appeals court on Tuesday revived a lawsuit in which the United States and Virginia…
IMF staff to visit Sri Lanka in Sept for first programme review
LONDON (Reuters) – An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first…
Kashkari: not ready to say Fed is done raising rates
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Tuesday said that while the U.S. central bank has…
Sweden, UK lead European shares lower on rate-hike fears
By Shashwat Chauhan and Ankika Biswas (Reuters) -UK and Swedish stocks led declines among European peers on Tuesday after data…