Category Archives:
Australian banks enter tech arms race as rising rates squeeze profit
By Byron Kaye SYDNEY (Reuters) - The 10-minute home loan - at the tap of a smartphone screen - is emerging as the next frontier in Australian banking as rising interest rates quash a pandemic-fuelled ...
May 17, 2022
Architect of Allianz fraud made $60 million as he lied to investors, U.S. says
By Tom Sims, Alexander Hbner and John O'Donnell FRANKFURT (Reuters) - The star portfolio manager at the centre of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer's good name ...
May 17, 2022
Cannes Film Festival opens with Zelenskiy appeal to world cinema
By Mimosa Spencer CANNES, France (Reuters) - The Cannes Film Festival opened up Tuesday with crowded red carpet arrivals, a star-studded ceremony and a call from Ukraine President Volodymyr Zelenskiy ...
May 17, 2022
U.S. sues to compel former casino magnate Wynn to register as agent of China
WASHINGTON (Reuters) - The U.S. Justice Department on Tuesday sued former Wynn Resorts CEO Steve Wynn to compel him to register under the Foreign Agents Registration Act as an agent of China. The depa...
May 17, 2022
Elon Musk’s SpaceX is poised to become the most valuable U.S. startup
By Krystal Hu (Reuters) - Billionaire Elon Musk's SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an ongoing share sale in the secondary market,...
May 17, 2022
U.S. Senator Manchin backs Michael Barr for top Fed regulatory job
By Pete Schroeder (Reuters) - U.S. Democratic Senator Joe Manchin, who on occasions votes against his party in the evenly split Senate, said on Tuesday he intends to support Michael Barr for Federal R...
May 17, 2022
Where’s the beef? McDonald’s, Wendy’s are sued over burger sizes
By Jonathan Stempel NEW YORK (Reuters) - Justin Chimienti thought the Big Mac he bought at McDonald's and the Bourbon Bacon Cheeseburger he bought at Wendy's would be as big and juicy as advertised. H...
May 17, 2022
Slovak finance minister sets up battle with proposed tax on Russian oil processing
(Reuters) - Slovak Finance Minister Igor Matovic said on Tuesday he would propose a special tax on Russian crude processed in the country, clashing with a government coalition partner as he seeks to r...
May 17, 2022
REE Automotive to hold customer tests of electric van in Detroit
By Nick Carey LONDON (Reuters) - REE Automotive, which develops rolling chassis for commercial electric vehicles (EVs), said on Tuesday that it will start customer tests of its electric walk-in van in...
May 17, 2022
Michigan judge blocks enforcement of state’s pre-Roe v. Wade abortion ban
By Gabriella Borter (Reuters) - A Michigan judge on Tuesday granted a temporary injunction to block the enforcement of a state abortion ban, which might have taken effect if the U.S. Supreme Court ove...
May 17, 2022
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