(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – Russia has restricted access to music-streaming app SoundCloud citing “false information” about what Moscow calls a “special military operation” in Ukraine, Interfax news agency reported on Sunday, quoting communications watchdog Roskomnadzor (RKN). Russia has battled…
By Julie Zhu (Reuters) -Asian stocks rebounded of Friday after steep losses in the previous session as strong U.S. economic growth and Apple Inc’s impressive earnings offset some bearishness generated by the Federal Reserve’s hawkish comments. U.S. stock futures rose in Asia trade with Nasdaq futures up 0.77% and S&P 500 e-minis up 0.48% after…
BRUSSELS (AP) — The European Union’s groundbreaking decision to ban nearly all oil from Russia to punish the country for its invasion of Ukraine is a blow to Moscow’s economy, but its effects may be blunted by rising energy prices and other countries willing to buy some of the petroleum, industry experts say. European Union…
By David Shepardson WASHINGTON (Reuters) -Hyundai Motor and Kia said on Thursday they are recalling more than 113,000 newer vehicles in North America because of fire risks and urged owners to park outside and away from structures pending repairs. The recall covers the Hyundai 2023-2024 Palisade, 2023 Tucson, Sonata, Elantra, and Kona vehicles and 2023-2024…
By Ron Bousso LONDON (Reuters) – Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday. The post-tax impairments of between $4 billion and $5 billion in the first…
By Joseph Ax (Reuters) – Illinois’ top court on Tuesday upheld a 2021 state law that eliminated cash bail and ordered that it take effect in September, clearing the way for the state to implement one of the most sweeping bail reforms in the nation. The law, passed by the Democratic-controlled legislature and signed by…
(Reuters) – Russia’s central bank raised its forecast for economic growth in 2023 even as it hiked rates by 100 basis points on Friday, now envisaging gross domestic product (GDP) growth of up to 2.5% this year. The bank raised its key interest rate by a steeper-than-expected 100 basis points to 8.5%, raising the cost…
By Karen Brettell NEW YORK (Reuters) – The dollar index gained on Friday after Federal Reserve Chair Jerome Powell adopted a hawkish tone to battling inflation, but did not settle the debate on how large a rate increase is likely at the U.S. central bank’s September meeting. The U.S. economy will need tight monetary policy…
Charitable giving in the United States reached a record $485 billion in 2021, though the increase did not keep pace with inflation, according to a report Tuesday offering a comprehensive look at American philanthropy. The Giving USA report says donations in 2021 were 4% higher than the record-setting $466 billion contributed in 2020. But they…
By Blake Brittain (Reuters) – The U.S. Supreme Court on Tuesday asked for the Biden Administration’s views on Apple Inc and Broadcom Inc’s bid to revive their challenges to patents owned by the California Institute of Technology, in a dispute in which Caltech previously won $1.1 billion in damages from the companies. The justices asked…
