By Katharine Jackson and Luc Cohen (Reuters) – The United States has charged leaders of the Mexico-based Sinaloa Cartel with running a fentanyl trafficking operation fueled by Chinese chemical and pharmaceutical companies, U.S. Attorney General Merrick Garland said on Friday. Three sons of Joaquin “El Chapo” Guzman, the onetime leader of the Sinaloa Cartel now…
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo & Co’s profit surpassed expectations for the first quarter on Friday as it earned more from higher interest rates, even while executives forecast tighter monetary policy would dampen economic activity. The bank also reported a $643 million increase in the allowance for credit…
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s economy ministry revised higher on Friday its 2023 gross domestic product (GDP) forecast to 1.2% growth from a 0.8% contraction, but lowered its forecast for 2024, mirroring a wider trend that envisages more sluggish longer term prospects. The International Monetary Fund this week also raised its…
(Refiles to fix typo on first paragraph) LONDON (Reuters) – There is no evidence yet showing which animal the COVID-causing virus may have come from, the former head of the Chinese Center for Disease Control and Prevention (CDC) said on Friday. George Gao, who was speaking at a London summit on preparing for pandemics, was…
By Khushi Mandowara and Bhanvi Satija (Reuters) -UnitedHealth Group Inc on Friday topped expectations for first-quarter results but shares fell 3% after the company failed to address investor worries over high costs next year due to policy changes for government-backed health insurance plans. U.S. health insurers have been under pressure since February when the government…
By Max Hunder KYIV (Reuters) -Ukraine barred its national sports teams from competing in Olympic, non-Olympic and Paralympic events which include competitors from Russia and Belarus, the sports ministry said in a decree on Friday. Ukraine’s deputy sports minister, who signed off on the move, told Reuters in an interview that it was a “bad…
By Humeyra Pamuk, Francesco Guarascio and David Brunnstrom HANOI (Reuters) – U.S. Secretary of State Antony Blinken arrived in Vietnam on Friday hoping for progress towards upgrading relations with a key trade partner that shares U.S. worries about China’s growing might. For Hanoi, it will be a delicate test: how to show openness to the…
WASHINGTON (Reuters) – The leak of classified information was a “deliberate, criminal act,” the Pentagon said on Thursday. Pentagon spokesman Brigadier General Pat Ryder referred questions about the investigation to the Department of Justice. Ryder added the Pentagon had taken steps to review distribution lists and ensure that people receiving information had a need to…
By Lawrence White LONDON (Reuters) -HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group could fail due to interest rate hikes in France that boosted the amount of capital the buyer will need, the British bank said on Friday. The potential failure of the deal would undo one of HSBC’s…
By Joe Bavier WASHINGTON (Reuters) -Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, is disrupting economic growth and endangering its long-term development, the International Monetary Fund’s (IMF) top official for the region said. Sub-Saharan Africa was only beginning to recover from the COVID-19 pandemic’s economic fallout…
