By Ann Saphir (Reuters) – Chicago Federal Reserve Bank president Austan Goolsbee on Friday said he does not disagree with his fellow US central bankers that rates will need to rise a couple more times this year to beat back too-high inflation. “I haven’t seen anything that says that’s wrong – that is on the…
By Tom Sims and Friederike Heine FRANKFURT (Reuters) -German prosecutors are investigating asset manager DWS’s former chief executive Asoka Woehrmann over allegations of investment fraud through so-called greenwashing, a person with knowledge of the matter said on Friday. The formal investigation follows probes by regulators on both sides of the Atlantic since 2021 over accusations…
By Olena Harmash KYIV (Reuters) – With war dragging on, some of Ukraine’s millions of refugees are beginning to think about settling for good in the countries they find themselves in across Europe, posing a challenge to rebuilding the economy when the guns finally fall silent. Natalka Korzh, 52, a TV director and mother-of-two, left…
By Joe Cash BEIJING (Reuters) -Allegations that the Chinese Communist Party has undue influence within the Asian Infrastructure Investment Bank “are without any foundation whatsoever,” Danny Alexander, a vice president, said on Friday, following the fiery resignation of a senior employee. Bob Pickard, the AIIB’s former chief of communications said in June that he had…
By Jonathan Stempel NEW YORK (Reuters) -The National Labor Relations Board on Thursday sued Starbucks over the coffee chain’s refusal to rehire 33 workers as it reorganized three downtown Seattle stores, including its flagship store in Pike Place Market. In a petition filed in Seattle federal court, the agency called Starbucks’ plan to reorganize the…
By Jonathan Stempel NEW YORK (Reuters) – Jamie Dimon and Jes Staley do not agree on who to blame for JPMorgan Chase’s relationship with former client Jeffrey Epstein, but agree that a shareholder lawsuit over their alleged failure to police the disgraced financier should be thrown out. Lawyers for Dimon, the bank’s chief executive, and…
WASHINGTON (Reuters) – U.S. President Joe Biden said a report on Friday showing continued, but slowing, job growth is “Bidenomics in action” and a sign of a sustainable economic expansion. “We are seeing stable and steady growth,” Biden said in a statement. “That’s Bidenomics – growing the economy by creating jobs, lowering costs for hardworking…
(Reuters) -German automaker Mercedes-Benz said on Friday its electric vehicles in North America will adopt the Tesla-developed charging technology from 2025 and also get access to more than 12,000 of its Superchargers from next year. The company joins American rivals Ford and General Motors to adopt the North American Charging Standard (NACS) as they try…
OSLO (Reuters) – Norway’s $1.4 trillion sovereign wealth fund has excluded Power Construction Corp of China from its portfolio and placed London-listed Petrofac under observation. The Norwegian wealth fund, set up in 1996 to save petroleum revenues for future generations, operates under ethical guidelines set by parliament and excludes investments in companies that it says…
(Reuters) -Ukrainian President Volodymyr Zelenskiy visited Slovakia on Friday and met his Slovak counterpart Zuzana Caputova, who urged NATO allies to give Ukraine a clearer view on its bid to become a part of the military alliance. Zelenskiy was on the third stop of a tour of several NATO states to drum up support for…
