By Hannah Lang WASHINGTON (Reuters) – The dollar index was flat after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China’s central bank unexpectedly cut key policy rates. U.S. retail sales jumped 0.7% last month, the Commerce Department said, demonstrating that…
By Milana Vinn and Amy-Jo Crowley (Reuters) -Private equity firm Silver Lake is preparing to explore a sale of Global Blue Group Holdings Ltd, a company that enables retailers to offer tax-free shopping, after receiving expressions of interest from potential acquirers, people familiar with the matter said on Tuesday. The deliberations come as Global Blue…
MOSCOW (Reuters) – A Moscow court has banned UBS and its recently-acquired Swiss rival Credit Suisse from disposing of shares in their Russian subsidiaries, court documents showed, after a request from Zenit Bank which is concerned about losing out if they exit Russia. Zenit told the court in a statement that it believed the Russian…
By Humeyra Pamuk and Arshad Mohammed WASHINGTON (Reuters) -US Secretary of State Antony Blinken said on Tuesday he could not confirm a report that Iran slowed its pace of amassing near-weapons-grade enriched uranium but would welcome any Iranian steps to de-escalate its “growing nuclear threat.” Blinken also told reporters that Iran moving U.S. detainees into…
By Jody Godoy (Reuters) – A former FBI agent admitted to working for Russian oligarch Oleg Deripaska while he was under U.S. sanctions and pleaded guilty to one count of conspiracy in a New York court on Tuesday, in exchange for prosecutors dropping other charges. Prosecutors in January said Charles McGonigal, who led the FBI’s…
By Andrew Goudsward (Reuters) – A U.S. appeals court on Tuesday revived part of a lawsuit claiming that the District of Columbia enforced an anti-graffiti law against anti-abortion protesters in Washington but not racial justice demonstrators in 2020. The U.S. Court of Appeals for the D.C. Circuit, in a unanimous 3-0 decision, found that two…
By Nate Raymond (Reuters) – A judicial reform advocacy group on Tuesday filed a complaint accusing a Texas federal judge of engaging in misconduct by taking the “strange” step of requiring three attorneys for Southwest Airlines to attend “religious liberty training” by a prominent conservative Christian legal group. The head of the group Fix the…
By Jonathan Stempel NEW YORK (Reuters) – New York state on Tuesday fined Avis Budget Group $275,000 for refusing to rent vehicles to customers who did not have credit cards. Letitia James, the state’s attorney general, said the civil fine resolved charges that the operator of Avis Car Rental, Budget Rent a Car and Payless…
By Mrinmay Dey and Akash Sriram (Reuters) -Tesla on Monday launched cheaper variants of its Model S sedan and Model X SUV with shorter driving ranges in the U.S., looking to increase sales as high borrowing costs hamper demand for expensive electric vehicles. Tesla shares were down 2.6% on Tuesday, while rivals also lost ground…
WASHINGTON (Reuters) – The mother of a 6-year-old Virginia boy who shot and wounded his elementary school teacher in January pleaded guilty on Tuesday to a state charge of felony child neglect, according to multiple media outlets. Deja Taylor, whose son shot teacher Abby Zwerner at Richneck Elementary School in Newport News, previously pleaded guilty…
