By Mike Scarcella (Reuters) – Apple and Amazon.com must face a consumer antitrust lawsuit in U.S. court accusing them of conspiring to artificially inflate the price of iPhones and iPads sold on Amazon’s platform, a federal judge in Seattle ruled on Thursday. In his ruling, U.S. District Judge John Coughenour rejected bids from Apple and…
By Sarah N. Lynch WASHINGTON (Reuters) – Walt Nauta, a personal aide to Donald Trump, was indicted alongside the former Republican president on Thursday, Trump said on his social media network on Friday. Nauta, a former military valet, worked for Trump at the White House before accompanying the former president to work for him at…
DUBAI (Reuters) -Sudan’s warring sides have agreed a nationwide, 24-hour ceasefire from Saturday morning, U.S. and Saudi Arabian mediators said, following a week of intensified fighting after a previous truce deal lapsed. The mediators said the ceasefire was “an effort to break the cycle of violence” between Sudan’s army and the paramilitary Rapid Support Forces…
By Nupur Anand NEW YORK (Reuters) – Minority-owned banks in the U.S. have stayed resilient during this year’s industry turmoil thanks in part to government and industry support, despite concerns that they would struggle to survive, executives said. Minority depository institutions, or MDIs, “have emerged stronger now coming out of the pandemic and the recent…
WASHINGTON (Reuters) – Two lawyers representing former U.S. President Donald Trump, who was federally indicted for illegally retaining classified documents, obstruction and other crimes, have resigned, according to a statement released Friday. “This morning we tendered our resignations as counsel to President Trump, and we will no longer represent him on either the indicted case…
(Reuters) – Pandemic-related disruptions to global supply chains and the effects of Russia’s war in Ukraine have driven up prices of energy, commodities and other necessities. Here’s how governments are trying to help hard-hit consumers and companies: AMERICAS: * U.S. President Joe Biden’s drug pricing reform, part of the Inflation Reduction Act, penalises drugmakers for…
By Clark Mindock (Reuters) – One of the first climate change trials in U.S. history is set to kick off on Monday in Helena, Montana, where 16 young people are seeking to hold the state accountable for fossil fuel-friendly policies that they say have exacerbated global warming and dimmed their futures. Lawyers for the young…
By Ross Kerber (Reuters) – Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met with growing political pressure on fund firms’ voting. Halfway through the shareholder annual meetings of Russell 3000 companies, average support for voted resolutions on environmental…
By Libby George LONDON (Reuters) – Foreign investors piling into Asian fixed income and stocks propelled emerging market portfolio inflows to $10.4 billion in May, offsetting Chinese bonds suffering a third straight month of outflows, the Institute of International Finance (IIF) found. The fifth consecutive month of positive foreign investor cash flows to emerging markets…
By Tyler Clifford NEW YORK (Reuters) – The mass of smoky air that choked New York, Washington and other U.S. cities earlier this week moderated on Friday as it drifted as far south as the Florida Panhandle, and conditions improved to “moderate” along most of the Eastern Seabord. The U.S. National Weather Service said air…
