(Reuters) -Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission, saying the regulator’s requests for information were “over broad” and “unduly burdensome.” BAM Trading, Binance U.S.’ operating company, and BAM Management in a court filing in the US District Court of Columbia said the group…
(Reuters) – Lordstown Motors said on Tuesday it had reached a $40-million settlement with Karma Automotive over a 2020 lawsuit in which the now-bankrupt electric vehicle firm was accused of stealing proprietary technology. The settlement, placed with the bankruptcy court for approval, involves $5 million to be paid as royalty for the use of Karma’s…
By Nelson Bocanegra BOGOTA (Reuters) – In May, a forum bringing together leaders debating wind and solar development in Colombia’s La Guajira province was disrupted by a chorus of passionate opposition. “La Guajira is not for sale!” exclaimed one attendee, a member of the area’s Wayuu Indigenous community, who led the chant with others as…
By Jonathan Stempel (Reuters) -A federal appeals court on Tuesday revived a lawsuit in which the United States and Virginia accused Walgreens Boots Alliance of defrauding Virginia’s Medicaid program by falsely representing that some patients were eligible for expensive hepatitis C drugs. In a 3-0 decision, the 4th U.S. Circuit Court of Appeals in Richmond,…
LONDON (Reuters) – An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first review on Sri Lanka’s loan programme, a spokesperson said on Tuesday. The Washington-based lender approved a nearly $3 billion bailout for crisis-hit Sri Lanka in March. The Asian island is struggling with its worst financial…
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Tuesday said that while the U.S. central bank has made some progress in its inflation fight, interest rates may still need to go higher to finish the job. “I’m not ready to say that we’re done,” Kashkari told the APi Group Global Controllers Conference…
By Shashwat Chauhan and Ankika Biswas (Reuters) -UK and Swedish stocks led declines among European peers on Tuesday after data from both countries triggered worries about high interest rates, while China-exposed shares fell as Beijing’s policy support failed to boost investor sentiment. The pan-European STOXX 600 index closed 0.9% lower, touching an over one-month intraday…
(This Aug. 14 story has been corrected to fix the name of the investor to GVP Climate, and not Gatemore Capital Management, in paragraph 3) By Ron Bousso LONDON (Reuters) – BP has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon…
(Reuters) – The top U.S. agency for consumer financial protection will announce plans at the White House on Tuesday to regulate companies that track and sell people’s personal data, part of the Biden administration’s widening scrutiny of that industry’s privacy practices, officials said. Data brokers’ conduct can be “particularly worrisome” because the sensitive data driving…
By Helen Reid and Amy Tennery LONDON/AUCKLAND (Reuters) – The unpredictability of the Women’s World Cup, with the U.S. knocked out early and a first-time champion assured, is forcing major global marketers such as Adidas and Nike to move fast to adapt to shoppers’ quick shifts in preferences and demand. The tournament in Australia and…
