By Jonathan Allen (Reuters) – The federal trial for three former Minneapolis police officers charged with violating George Floyd’s civil rights in a deadly 2020 arrest has been paused until at least next Monday after one of the defendants tested positi…
U.S. faults Michael Avenatti’s ‘lies’ in Stormy Daniels fraud case
By Luc Cohen NEW YORK (Reuters) – Michael Avenatti “got tangled in his own web of lies” after stealing money from a former client, porn star Stormy Daniels, a U.S. prosecutor said on Wednesday in closing arguments at the fraud trial of the celebrity la…
World stocks rebound amid strong U.S. earnings and surging inflation
By Katanga Johnson WASHINGTON (Reuters) – Global stocks staged a recovery on Wednesday as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over the pace of central banks’ interest rate hik…
Stocks end higher on strong amid mixed U.S. earnings, weak economic reports
By Katanga Johnson WASHINGTON (Reuters) – Global stocks rallied on Wednesday to close higher as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over weak economic reports. Investors also …
U.S. House Speaker Pelosi to testify at hearing on China Thursday
WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi will testify Thursday before the Congressional-Executive Commission on China — a day before the opening of the Beijing Olympics. The panel is holding a hearing titled “the Beijing Olympics and the…
Embattled UK PM Johnson launches plan to tackle regional inequality
By Kate Holton and Paul Sandle LONDON (Reuters) -Britain vowed to repair the economic and social fabric of its “broken heartlands” on Wednesday, as the government set out a long-awaited plan to flesh out promises that helped Prime Minister Boris Johnso…
Omicron depresses U.S. private payrolls in temporary setback to labor market
By Lucia Mutikani WASHINGTON (Reuters) – U.S. private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business operations, raising the risk of a sharp decline in employment that would deal a temporary setb…
CNN’s Jeff Zucker resigns for not disclosing relationship with colleague
By Helen Coster and Dawn Chmielewski (Reuters) – CNN President Jeff Zucker, whom industry insiders speculated would play a larger role when the network becomes part of Discovery, resigned on Wednesday, telling staff he failed to disclose a consensual r…
Omicron infections slowing where variant first hit, says regional agency
BRASILIA (Reuters) -COVID-19 infections and deaths in the Americas are still increasing, but the rise in infections seems to be slowing down in places hit earliest by the Omicron variant, the Pan American Health Organization (PAHO) said on Wednesday. M…
Islamic State hits back, aided by power vacuum in Iraq and Syria
By John Davison JALAWLA, Iraq (Reuters) – Yousif Ibrahim no longer travels by night along the roads around his hometown of Jalawla in northeastern Iraq. He fears getting caught up in attacks by Islamic State. “The police and army don’t come into our ar…