British man cannot be extradited to US over fake cryptocurrency scheme, court rules
LONDON, Nov 16 (Reuters) - A British man wanted in the U.S. on money laundering and wire fraud charges linked...
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US weekly jobless claims at three-month high; import prices tumble
Weekly jobless claims increase 13,000 to 231,000Continuing claims rise 32,000 to 1.865 millionImport prices drop 0.8% in OctoberWASHINGTON, Nov 16...
‘Earning season shows why we prefer the US to Europe’
The US economy grew “strongly” in the third quarter while GDP growth in the euro area contracted, and corporate results tell a similar story, according to a European private bank. In an economic update, economists at Societe Generale described growth as healthy in the US, but “sluggish” in Europe.Real GDP increased at an annual rate of 4.9 per cent in the third quarter, according to an advance estimate from the US Bureau of Economic Analysis.Meanwhile in the euro area and EU, seasonally adjusted GDP increased by 0.1 per cent year-on-year...
TikTok joins Meta in appealing against EU gatekeeper status
EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSTOCKHOLM, Nov 16 (Reuters) - TikTok on Thursday joined Meta (META.O) in appealing against the "gatekeeper" status under the Digital Markets Act (DMA), an EU law that brings in tougher rules for tech companies and makes it easier for users to move between competing services.Meta on Wednesday challenged the "gatekeeper" designations for its Messenger and Marketplace platforms, but did not appeal against the status for Facebook, Instagram and WhatsApp.The European Union...
Measuring the US and China’s conscious decoupling
MUMBAI, Nov 16 (Reuters Breakingviews) - The United States prefers to talk about efforts to reduce its dependence on China...
Fitch says US regional bank challenges to persist in 2024
A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS/Brendan...
Oil falls on high US production, despite strong demand signals
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen,...
Sterling eases after UK inflation slows in October
British Pound and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing...
Federal Reserve Is Unlikely to Issue Digital Dollar in the Near Term: Bank of America
Central bank digital currencies (CBDCs) are coming, but a digital dollar is unlikely in the near term, Bank of America...
US renews waiver letting Iraq pay Iran for electricity
A man works on an electrical generator board during power outages in Basra, Iraq August 21, 2021. Picture taken August 21, 2021. REUTERS/Essam al-Sudani/File Photo Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The United States has issued a new 120-day waiver allowing Iraq to pay Iran for electricity, U.S. officials said on Tuesday, stressing Tehran could only use the funds for humanitarian trade and seeking to blunt criticism of giving Iran the money.U.S. officials said the waiver was identical to one in July that for the first time allowed Iraq...