By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve’s top regulatory official suggested on Tuesday that central bank staff should be permitted to own small amounts of crypto products, arguing experience would better inform their work policing activities in those financial markets. Fed Vice Chair for Supervision Michelle Bowman said easing restrictions on staff investments may…
HOUSTON (Reuters) -A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month. A final winner recommendation in the complex court-organized auction is expected to…
(Reuters) -The measles outbreak in West Texas has ended, state health officials said on Monday, after meeting the criteria of six weeks since the last reported case. Texas is now shifting focus to vaccination campaigns to strengthen immunity and prevent future outbreaks, the Department of State Health Services (DSHS) said. The outbreak, which began in…
MUMBAI (Reuters) -U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil. The additional tariffs mean India will face the highest levy along with Brazil, putting it at a significant disadvantage against regional competitors such as Vietnam…
By Dan Peleschuk KYIV (Reuters) -Public trust in Ukrainian President Volodymyr Zelenskiy fell to its lowest level in around six months following rare wartime protests against a move to curb the power of anti-corruption watchdogs, a leading Kyiv pollster said on Wednesday. The survey, by the Kyiv International Institute of Sociology, is the first by…
(Reuters) -A federal appeals court on Wednesday rejected a challenge to a U.S. Securities and Exchange Commission rule that reflects the agency’s policy not to settle civil enforcement actions unless the defendants agree not to publicly deny the allegations they face. The 9th U.S. Circuit Court of Appeals said the “gag rule” was not unconstitutional…
By Kenrick Cai SAN FRANCISCO (Reuters) -Alphabet’s Google on Wednesday announced a three-year, $1 billion commitment to provide artificial intelligence training and tools to U.S. higher education institutions and nonprofits. More than 100 universities have signed on to the initiative so far, including some of the nation’s largest public university systems such as Texas A&M and…
BRUSSELS (Reuters) -The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald Trump, a Commission spokesperson said on Monday. The EU-U.S. agreement leaves many questions open, including tariff rates on spirits, and Trump’s executive order last week setting tariffs on most EU…
By Akash Sriram (Reuters) -U.S. ride-hailing company Lyft said on Monday it will partner with China’s Baidu to deploy robotaxis across Europe starting next year, marking the Chinese search engine giant’s first foray into the European self-driven taxi sector. The partnership will launch initially in Germany and the United Kingdom, with Baidu’s electric RT6 robotaxis…
(Reuters) -The revisions to previous estimates of the size of U.S. payrolls gains for May and June that prompted President Donald Trump to fire Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday were by any measure extraordinarily large. Indeed, the combined downward revision for the two months of 258,000 was the largest – outside…
