By David Ljunggren (Reuters) – Russia’s private Wagner militia, which is leading the assault on Bakhmut in Ukraine and has been active in Africa, could soon cease to exist, founder Yevgeny Prigozhin said in video remarks to a blogger that were released on Friday. It was not immediately clear when Prigozhin had spoken and how …
Russia’s Wagner group could soon cease to exist, founder tells blogger Read More »
By Clark Mindock (Reuters) – Offshore drilling leases covering 1.7 million acres of federal waters in the Gulf of Mexico will remain in place after a federal appeals court said last year’s $430 billion Inflation Reduction Act, the biggest climate change package in U.S. history, mandated they be issued to the highest bidders. A three-judge …
Environmental groups lose bid to undo Gulf of Mexico drilling leases Read More »
THE HAGUE (Reuters) – A Dutch court on Friday ordered a man who judges said had fathered between 500 and 600 children around the world to stop donating sperm. The 41-year-old Dutchman, identified by de Telegraaf newspaper as Jonathan Meijer, was forbidden to donate more semen to clinics, the court ruling said. He could be …
Father of hundreds gets sperm donation ban from Dutch court Read More »
By Ann Saphir, Hannah Lang and Chris Prentice (Reuters) – U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corporation detailed their supervisory lapses before deposit runs caused the collapse of Silicon Valley Bank and Signature Bank in March. Though the banking …
US regulators vow to sharpen oversight as SVB, Signature aftershocks reverberate Read More »
By Lewis Krauskopf NEW YORK (Reuters) – Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. The S&P 500 is up 8.6% for the year after gaining 1.5% in April, thanks to roaring year-to-date rallies in shares of Microsoft, Amazon and Google-parent Alphabet and …
Wall Street Week Ahead: Recession worries simmer beneath US stock market rally Read More »
By Sabrina Valle and Arunima Kumar HOUSTON (Reuters) – The two largest U.S. oil companies – Exxon Mobil Corp and Chevron Corp – are minting cash from booming oil and gas operations, but are splitting over what to do next. The pair on Friday posted first-quarter results that topped Wall Street forecasts as earnings soared. …
Exxon, Chevron split over how to manage rising cash piles Read More »
By Joyce Lee SEOUL (Reuters) -North Korea’s Kim Yo Jong, the powerful sister of leader Kim Jong Un, said a U.S.-South Korea agreement this week about the need to shore up South Korean security will worsen the situation, according to state media KCNA on Saturday. North Korea is convinced it must further perfect a “nuclear …
North Korea says U.S.-South Korea agreement will worsen insecurity Read More »
(Reuters) – The Federal Reserve issued a detailed and scathing assessment on Friday of its failure to identify problems and push for fixes at Silicon Valley Bank before the lender’s collapse, and promised tougher supervision and stricter rules for banks. Meanwhile, U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts …
Quotes: Fed plans broad revamp of bank oversight in wake of SVB collapse Read More »
LONDON (Reuters) – A rare 17th-century manuscript, which was key to the restoration of the British monarchy under King Charles II a decade after the execution of his father, will be auctioned next month, coinciding with the coronation of his current namesake. The Declaration of Breda was issued by Charles II from the Netherlands in …
Rare manuscript that paved way for British monarchy’s return up for auction Read More »
(Reuters) – The U.S. Department of Defense said on Friday it has awarded a $7.8 billion contract modification for 126 F-35 multi-role aircraft to weapons manufacturer Lockheed Martin Corp. The modification exercises options for the production and delivery of 126 Lot 17 F-35 aircraft, to include 81 F-35A aircraft for U.S. Air Force and its …
Pentagon awards $7.8 billion F-35 contract to Lockheed Martin Read More »
