WASHINGTON (Reuters) -Azerbaijan and Armenia have made “tangible progress” towards a peace agreement in negotiations this week in Washington, U.S. Secretary of State Antony Blinken said on Thursday. Armenia and Azerbaijan have fought two wars over 30 years focusing on the territory of Nagorno-Karabakh, recognised as part of Azerbaijan but populated mainly by Armenians. In…
MEXICO CITY (Reuters) – Sons of former Mexican drug lord Joaquin “El Chapo” Guzman denied U.S. allegations that they were major traffickers flooding the United States with synthetic opioid fentanyl, addressing the claims against them in a rare letter. The U.S. Justice Department last month charged leaders of the Sinaloa Cartel with trafficking fentanyl and…
By Clark Mindock (Reuters) -Environmental groups have sued California regulators over new rules they say will discourage the growth of rooftop solar installations, in violation of state law. Three groups filed a petition on Wednesday asking a state court in San Francisco to review and set aside the California Public Utilities Commission’s policy changes, which…
(Reuters) -Carvana Co said on Thursday that it expects to post a profit in the current quarter and plans to further bring down excess used-car inventory as the retailer sharpens its focus on cutting costs, sending its shares surging 26% in aftermarket trading. The company also reported a smaller-than-expected loss, benefiting from cost cuts. “We’ve already…
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street ended lower on Thursday after PacWest’s move to explore strategic options deepened fears about the health of U.S. lenders and hit shares of regional banks as well as JPMorgan Chase, Wells Fargo & Co and other major financial players. PacWest Bancorp tumbled 51% after it…
By Khalid Abdelaziz and Mohamed Noureldin KHARTOUM (Reuters) -Fierce fighting persisted in Sudan on Thursday despite a truce agreement as U.S. intelligence said rival forces were trying to gain the upper hand ahead of possible negotiations and the U.N. warned of the violence’s devastating toll on children. Despite multiple ceasefire declarations, the two sides appeared…
By Karen Freifeld and Luc Cohen (Reuters) -Lawyers for Donald Trump on Thursday asked the federal court in Manhattan to take over a state criminal case charging him with falsifying business records over a hush money payment to a porn star before his victory in the 2016 presidential election. His lawyers argued that the…
By Blake Brittain and Brendan Pierson NEW YORK (Reuters) -Ed Sheeran’s 2014 hit “Thinking Out Loud” did not unlawfully copy from Marvin Gaye’s classic 1973 song “Let’s Get It On,” a jury decided on Thursday in a closely watched copyright lawsuit – a verdict that the British pop star said would help protect the creative…
By Andrew Goudsward (Reuters) – A Jeffrey Epstein accuser suing JPMorgan Chase & Co for allegedly aiding the late financier’s sex trafficking of girls and women asked a judge to disqualify the bank’s law firm on Thursday, arguing it has a conflict of interest. Lawyers for the woman, who claims she was a victim of…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A sea of red on Wall Street and renewed turmoil across the U.S. regional banking sector on Thursday suggest Asian markets go into Friday’s session on the defensive, bringing what has been a surprisingly resilient week for local…
