US senators accuse Pentagon of hindering war crimes prosecution of Russia

By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – Lawmakers accused the Pentagon on Thursday of effectively undermining war crimes prosecution of Russia by blocking the sharing of U.S. military intelligence with the International Criminal Court at the Hague. U.S. Senator Dick Durbin, a Democrat, said at Senate hearing that he had been told by…

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BlockFi gets court permission to return $297 million to Wallet customers

By Dietrich Knauth NEW YORK (Reuters) – Bankrupt crypto lender BlockFi received court permission on Thursday to return $297 million to customers with non-interest-bearing accounts, without repaying customers who had tried to move funds into those accounts at the last minute. U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey ruled that customers owned their…

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Deposit outflows after SVB collapse concentrated among ‘super-regionals’ – New York Fed study

By Howard Schneider WASHINGTON (Reuters) – Deposit withdrawals from U.S. banks following the collapse of Silicon Valley Bank were concentrated in around 30 “super-regional” institutions in the $50 billion to $250 billion range, similar to SVB, New York Fed researchers concluded in a newly released study. Deposits among thousands of “community and smaller regional banks……

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Albemarle aims to expand Chile lithium mine in 2028 with new technology

By Alexander Villegas SALAR DE ATACAMA, Chile (Reuters) – Albemarle Corp hopes to expand its lithium operations in Chile’s Atacama salt flat as early as 2028 with direct lithium extraction (DLE) technology under its current government contract, Ignacio Mehech, the company’s Chile manager, told Reuters. “Depending on environmental and other permits needed in Chile, as…

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Activist investor Elliott pushes for changes at Goodyear, shares jump

By Svea Herbst-Bayliss (Reuters) – Activist investor Elliott Investment Management L.P. disclosed a large investment in Goodyear Tire & Rubber Co on Thursday and said it wants the company to strengthen its financial position by refreshing the board, selling its stores and conducting an operational review. Elliott holds a 10% stake in the 125-year-old company,…

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IMF says US default would have ‘very serious repercussions’ on global economy

By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that a U.S. debt default prompted by failure to raise the country’s debt ceiling would have “very serious repercussions” for the U.S. economy as well as the global economy, including likely higher borrowing costs. IMF spokesperson Julie Kozack also told a news…

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