By Iain Withers and Saqib Iqbal Ahmed LONDON/NEW YORK (Reuters) -British bank Barclays faces an estimated 450 million pound ($592 million) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surge…
Trump likely committed felony by obstructing Congress, U.S judge rules
By Jan Wolfe WASHINGTON (Reuters) – A U.S. judge ruled on Monday that former President Donald Trump “more likely than not” committed a felony by attempting to obstruct Congress when he tried to subvert the 2020 election on Jan. 6, 2021. (Reporting by J…
White House budget sees inflation easing, even as Russia war pushes up prices
WASHINGTON (Reuters) – Russia’s war in Ukraine will drive energy and food prices higher, but inflation rates should still ease in the coming year, U.S. President Joe Biden’s top economic adviser said on Monday. Cecilia Rouse, who chairs the White House…
Biden proposes $15 billion for election funding, including $5 billion for USPS
By David Shepardson WASHINGTON (Reuters) -The White House on Monday said it is proposing $15 billion over 10 years in election assistance to states and to support vote-by-mail efforts. The 2023 budget proposal calls for $10 billion in new assistance to…
Gunmen kill 20 at cockfight in troubled western Mexican state
MEXICO CITY (Reuters) -Gunmen massacred 20 people on Sunday night in a suspected gangland attack at a clandestine cockfighting venue in western Mexico, authorities said, in one of the worst mass shootings under the current government. The killings took…
Ukraine and Russia: What you need to know right now
(Reuters) – Ukrainian forces are preparing for new Russian attacks on the Donbas region in the southeast after they repelled Russia’s assault on the capital Kyiv, President Volodymyr Zelenskiy said on Thursday. FIGHTING * The southern port city of Mari…
U.S. goods trade deficit narrows in February; still near record highs
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in February, but the fall reversed only a fraction of the surge to a record high in January, suggesting that trade would again weigh on economic growth in the first quart…
In Istanbul and Dubai, Russians pile into property to shelter from sanctions
By Ceyda Caglayan, Saeed Azhar and Riham Alkousaa ISTANBUL/DUBAI (Reuters) – Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow’s invasion of Ukraine and Western s…
Canada indigenous ask pope for residential schools records
By Philip Pullella VATICAN CITY (Reuters) – Survivors of Canada’s residential schools on Monday asked Pope Francis for unfettered access to Church records on the institutions where indigenous children were abused and their culture denied. Francis met f…
S&P 500 little changed as banks, energy offset Tesla gain
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 was near the unchanged mark on Monday, as declines in energy and bank stocks offset a sharp rise in shares of Tesla, while Russia and Ukraine were poised to hold their first face-to-face peace talks…