By Andrew Chung (Reuters) -Conservative U.S. Supreme Court Justice Samuel Alito has acknowledged taking a private jet to Alaska for a luxury fishing trip in 2008 but defended his failure to disclose the flight provided by a billionaire hedge fund manager whose business interests have come before the court. Alito wrote a commentary published in…
By Pete Schroeder WASHINGTON (Reuters) -Raising U.S. bank capital requirements to guard against future losses could increase the cost of credit but that may be justified to ensure the U.S. banking system is safe, Federal Reserve Chair Jerome Powell told Congress on Wednesday. Testifying before the House Financial Services Committee, Powell was grilled by Republican…
By Aram Roston and Joseph Tanfani BOCA RATON, Florida (Reuters) – Ukrainian-American businessman Lev Parnas and his business partner were arrested in 2019, accused by the U.S. government of funneling a Russian oligarch’s money into American political campaigns. One recipient of Parnas’ donations — Florida Governor Ron DeSantis — has said he was barely an…
By Elizabeth Piper and Marc Jones LONDON (Reuters) -Ukrainian Prime Minister Denys Shmyhal said on Wednesday he expected to secure almost $7 billion in aid, after telling a London conference Russia’s war meant Kyiv was facing the largest reconstruction project in Europe since World War Two. At the conference Britain, the United States, the European…
By Aram Roston and Joseph Tanfani (Reuters) – After Ron DeSantis, an avid golfer, moved into the Florida governor’s mansion in 2019, workers installed a golf simulator worth tens of thousands of dollars in the private pool cabana so he could practice his game. But DeSantis did not pay for the simulator. Neither did the…
By Ross Kerber (Reuters) – Tesla Inc has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the electric car maker added environmental disclosures. Tesla was cut from the index last year because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles. The removal prompted Chief…
FRANKFURT (Reuters) -Euro zone inflation is stubborn and may require a protracted period of high interest rates to contain, partly due to an exceptionally tight labour market, the European Central Banks’ (ECB) two German policymakers said on Wednesday. The ECB has lifted rates by a combined 4 percentage points in the past year and promised…
BRASILIA (Reuters) -Brazil’s Senate economic affairs committee gave its approval on Wednesday to new fiscal rules proposed by President Luiz Inacio Lula da Silva’s government, marking another step forward for the measure deemed crucial in curbing uncontrolled growth of the public debt. The committee voted 19-6 to approve the bill, which now awaits a vote…
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…
(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…
