By Sheila Dang (Reuters) -Montana lawmakers on Friday passed a bill to ban popular short-form video app TikTok from operating in the state, the latest threat to the Chinese-owned app’s existence in the U.S. The bill, known as SB 419, would prohibit mobile app stores from offering TikTok for download to users in Montana. The…
WASHINGTON (Reuters) – The U.S. Internal Revenue Service provided live assistance to 87% of taxpayers’ phone calls during the 2023 tax filing season, up from 15%, due to customer service hires made possible by $80 billion in new IRS funding over a decade, the U.S. Treasury said on Monday. As Tuesday’s tax filing deadline approached,…
By Luc Cohen NEW YORK (Reuters) -A U.S. judge on Monday rejected former President Donald Trump’s request to delay a scheduled April 25 trial over whether he defamed former Elle magazine columnist E. Jean Carroll by denying he raped her. Last week, Trump’s lawyers urged U.S. District Judge Lewis Kaplan in federal court in Manhattan…
By Oliver Hirt ZURICH (Reuters) – The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse, according to state procurement platform Simap.ch on Monday. Swiss authorities last month engineered a takeover of struggling Credit Suisse by…
By Andrew Chung WASHINGTON (Reuters) – An evangelical Christian former mail carrier’s fight with the U.S. Postal Service over his refusal to work on Sundays gives the Supreme Court another chance to widen religious rights but also has led to a debate over whether religious people are more legally deserving than others to weekend days…
JAKARTA (Reuters) – Indonesia posted a 128.5 trillion rupiah ($8.69 billion) budget surplus in the first quarter on strong tax collection and the recent strengthening of the rupiah currency could help further reduce this year’s deficit, officials said on Monday. Indonesia’s tax take rose dramatically in 2022 amid high global commodity prices and this year’s…
KUALA LUMPUR (Reuters) – The Malaysian government is re-evaluating a $3.9 billion settlement deal reached between the previous administration and U.S. investment bank Goldman Sachs over the 1MDB financial scandal, state news agency Bernama reported on Monday. Prime Minister Anwar Ibrahim said on Monday a government taskforce looking into 1MDB issues was scrutinising the 2020…
MOSCOW (Reuters) – Facing up to a quarter of a century in jail on treason charges he denies, Kremlin critic Vladimir Kara-Murza is expected to learn his fate on Monday when a Moscow court pronounces a verdict and sentences him. Kara-Murza, 41, a father of three and former journalist who holds Russian and British passports,…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Just a month after the biggest banking crisis in more than a decade, the world’s top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability – at least publicly. With financial markets calmed by strong policy actions to stem the…
A look at the day ahead in U.S. and global markets from Mike Dolan. As U.S. banking giants calm the horses, global investors are now concentrated on world growth and earnings signals more than interest rate rises for direction – with an assumption the latter are near an end anyway. Sending its stock price surging…
