By Sarah N. Lynch WASHINGTON (Reuters) – The federal prosecutor overseeing the criminal case against U.S. President Joe Biden’s son Hunter on Monday said the Justice Department never impeded him from bringing charges, appearing to debunk claims made by an Internal Revenue Service whistleblower. Delaware U.S. Attorney David Weiss in a letter to Republican Senator…
By Jack Queen (Reuters) – Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against Meta Platforms and OpenAI for allegedly using their content without permission to train artificial intelligence language models. The proposed class action lawsuits filed by Silverman, Richard Kadrey and Christopher Golden in San Francisco federal court Friday allege Facebook…
BOGOTA (Reuters) – Colombia risks falling out of compliance with its fiscal rule through greater spending proposed for 2024 and the financial impact of reforms being debated in Congress, an independent committee warned on Monday. Finance Minister Ricardo Bonilla has said the government would respect the 2011 rule which imposes constraints on fiscal policy to…
By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares inched higher on Monday with the travel & leisure sector leading gains, helping to limit the impact of weak inflation data from China that highlighted sluggish demand in the world’s second-largest economy. The pan-European STOXX 600 index ended 0.2% higher after recording its worst weekly performance…
By Marc Jones LONDON (Reuters) -The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin “miners” to hoard more of the supply. Standard Chartered published a $100,000 end-2024 forecast for bitcoin back…
NEW YORK/LONDON (Reuters) – Global hedge funds added more Chinese stocks to their portfolios than they sold in recent days for the first time in seven weeks, Goldman Sachs Group said in a report. The move seen in onshore and offshore shares was mainly driven by short covers, according to Goldman Sachs. It means that…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday repeated that she believes two more rate hikes this year will likely be needed to bring down too-high inflation in the face of a strong labor market. “We’re likely to need a couple more rate hikes over the course of this year to…
By David Milliken and Andy Bruce LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday the British central bank had to “see the job through” on bringing down an inflation rate that is running higher than in any other major rich economy. Bailey, under pressure from politicians and some economists over the surge…
By Rod Nickel and Victoria Klesty (Reuters) – Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan. OCI’s plant would be the world’s first new…
By Timothy Aeppel and Ben Klayman MARSHALL, Michigan (Reuters) – Fred Chapman has a message for Ford Motor Co, which is planning to build a sprawling factory on the outskirts of this town to make batteries for electric cars and which promises to employ 2,500 people. “We don’t need jobs,” he says. That’s a surprising…
