By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shielding the disgraced late financier as he gave cash and gifts to top officials. In a Tuesday night court filing, the largest U.S. bank also described…
PARIS (Reuters) – The headquarters of the Keneo sports consulting agency have been searched by French police in the course of investigations into alleged corruption surrounding the Paris 2024 Olympics, a judicial source said on Wednesday. Officials at Paris 2024 and Keneo did not immediately respond to Reuters’ requests for comment on Wednesday. The judicial…
By Vidya Ranganathan and Stefania Spezzati SINGAPORE/LONDON (Reuters) – Credit Suisse, driven into a rescue by UBS after heavy cash outflows, is seeking to claw back business by offering rich clients some of the highest deposit rates in the industry, according to a person familiar with the bank’s activities in Asia. On three-month deposits above…
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Germany’s top carmakers were challenged by a Berlin-based rights group on Wednesday over the extent of their due diligence to prevent forced labour in their supply chain, as Volkswagen said it would conduct an audit at its plant in Xinjiang. Volkswagen, BMW and Mercedes-Benz were accused of…
By Joanna Plucinska PARIS (Reuters) – Big deals at this week’s Paris Airshow have highlighted a sharp recovery in air travel demand. The sector promises to reduce net emissions to zero by 2050. Green groups say more planes in the sky could hamper those efforts. Aviation generates roughly 3% of global emissions. It is also…
By Sergio Goncalves LISBON (Reuters) – Keeping Lisbon’s airport hub and safeguarding TAP’s strategic role for Portugal will be key conditions of the airline’s upcoming privatisation, more than the sale price, the government said on Wednesday. Portugal wants to keep a strategic stake in TAP and will not offer all its capital in the privatisation,…
(Reuters) – U.S. Treasury Secretary Janet Yellen will press world leaders to take concrete actions at a summit this week on easing the debt burdens of low-income nations, a senior Treasury Department official said on Wednesday. Yellen will lead the U.S. delegation to the Paris meeting on Thursday and Friday. French President Emmanuel Macron also…
By Giulio Piovaccari MILAN (Reuters) – Pirelli investor Brembo is worried about strains between the tyremaker’s Italian and Chinese shareholders and is likely to steer clear of any plan to build an Italian majority in the company, two sources told Reuters. Last week, the Italian government intervened in a shareholder governance agreement at Pirelli, using…
(Reuters) -A submersible vessel taking tourists on a deep ocean journey to view the wreckage of the Titanic has been missing since Sunday. One pilot and four passengers are aboard. Here is a look at the situation as rescuers search an area the size of the state of Connecticut — or about half the size…
FRANKFURT (Reuters) – The euro held its ground as the world’s second most-used currency for trade, finance and reserve-building last year even as Russia slashed its reliance on it after being hit by sanctions, a European Central Bank report showed on Wednesday. The dominance of the U.S. dollar and the euro – which comes a…
