By Tatiana Bautzer, Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Morgan Stanley’s James Gorman plans to step down as chief executive within a year but stay on as executive chairman, drawing to a close 13 years in the role during which he built the Wall Street firm into a wealth management powerhouse. Gorman,…
By Timothy Gardner WASHINGTON (Reuters) – The Biden administration has supported for the second time in a week the Mountain Valley natural gas pipeline, a project a key Democratic senator has pushed in legislation to speed permitting of fossil fuel and power transmission projects. Equitrans Midstream Corp’s $6.6 billion Mountain Valley Pipeline has been opposed…
(Reuters) -The Russian branch of environmental group Greenpeace on Friday said it would shut down after authorities declared the group an “undesirable organisation”, effectively banning it from operating. In a statement, Russia’s Prosecutor General said Greenpeace had tried to “interfere in the internal affairs of the state” and was “engaged in anti-Russian propaganda” by calling…
By Leah Douglas (Reuters) -Three employees of the largest agricultural research facility in the U.S. have filed federal whistleblower complaints alleging that the facility’s conditions are hazardous to workers and undermine their research, even as farmers are facing pressing issues like climate change, according to documents reviewed by Reuters and interviews with staff. The Beltsville…
MEXICO CITY (Reuters) -Migrant encounters at the U.S.-Mexico border have dropped 70% since COVID-era border restrictions ended last week, U.S. Homeland Security official Blas Nunez-Neto said on Friday. U.S. officials on Sunday had said the number had fallen by half, following the May 11 expiration of a health order called Title 42 that allowed U.S….
(Reuters) – CureVac NV said on Friday it had filed an expanded patent infringement claim against Pfizer Inc and BioNTech over the use of mRNA technology and that a U.S. court had granted its request to transfer the trial. The company said it filed a counterclaim alleging that Pfizer and its German partner BioNTech infringed…
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell said on Friday it is still unclear if U.S. interest rates will need to rise further, as central bank officials balance uncertainty about the impact of past hikes in borrowing costs and recent bank credit tightening with the fact that inflation is proving hard…
By Ivan Lyubysh-Kirdey NEAR BAKHMUT, Ukraine (Reuters) -Ukraine said on Friday it had repelled attacks by Russian forces trying to recapture land they had lost around the devastated eastern city of Bakhmut, where Kyiv says it has inflicted heavy Russian casualties. Yevgeny Prigozhin, the head of the Russian Wagner private army that is leading the…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance, contrary to market expectations, saying that given how credit conditions have tightened, the U.S. central bank may not need to raise interest rates as much. A pause in negotiations to raise the…
By Sam Jabri-Pickett TORONTO (Reuters) -The Ontario government on Friday offered to increase financial support for carmaker Stellantis’s battery plant in the province, a move Canada’s industry minister proclaimed a sign of progress in ending a stalemate over the stalled project. Stellantis on Monday stopped construction at a C$5 billion ($3.7 billion) electric-vehicle battery plant…
