Economic News

By Brendan O’Boyle MEXICO CITY (Reuters) – Asylum claims by Haitians in Mexico are on track to hit a record above 50,000 this year, a top official said, further pressuring the country’s already strained migrant services as many begin to contemplate a future there rather than

By Richard Cowan WASHINGTON (Reuters) – Republican U.S. House Speaker Kevin McCarthy plans to make his case for cuts in federal spending to accompany a lifting of the government’s $31.4 trillion debt ceiling in a speech at the New York Stock Exchange on Monday.

(Reuters) – Activist investor Trillium Capital said on Monday stock-photo company Getty Images Holdings Inc should expand and create partnerships with technology firms and publishers to grow its revenue.

VALLETTA (Reuters) – Sixty migrants who were rescued from two boats in the central Mediterranean landed in Malta on Monday in the biggest arrival of migrants on the island for months, eyewitnesses said.

By Marc Jones LONDON (Reuters) – The head of the Bank of International Settlements has warned that years of fighting economic crises have created conditions that are pushing the limits of stability when it comes to the international financial system.

(Reuters) – U.S. banking heavyweights set aside billions of dollars in the first quarter to account for potential bad loans, as rising interest rates turn up the heat on borrowers who are just starting to see some relief from inflation.

CHISINAU (Reuters) – Moldova told Russian politicians not to meddle in its internal affairs on Monday after barring a Russian delegation from entering the country ahead of a regional election.

By Blake Brittain (Reuters) – Gene-sequencing giant Illumina Inc has settled a patent lawsuit brought by Maryland biotech company Ravgen Inc, which accused Illumina’s genetic tests of infringing its patents.

By Andrea Shalal WASHINGTON (Reuters) – The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow’s

By Andrew Osborn and Tatiana Gomozova MOSCOW (Reuters) – Outspoken Kremlin critic Vladimir Kara-Murza was jailed for a quarter of a century by a Moscow court on Monday, the harshest sentence of its kind since Russia invaded Ukraine, after it found him guilty of treason

WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders improved for a fourth straight month in April as a dearth of previously owned homes and falling mortgage rates boost demand for new houses, but a shortage of building materials remains a challenge.

PARIS (Reuters) – French car maker Renault said sales at its flagship brand rose by 9% in the first quarter of the year thanks to the launch of new models, indicating a restructuring by CEO Luca de Meo may be starting to pay off after four

MEXICO CITY (Reuters) – Mexican authorities have arrested the head of migration for the state of Chihuahua in connection with a fire last month at a migrant detention center which killed 40 people, according to the federal arrest database.

By Sheila Dang (Reuters) -Montana lawmakers on Friday passed a bill to ban popular short-form video app TikTok from operating in the state, the latest threat to the Chinese-owned app’s existence in the U.S.

By Oliver Hirt ZURICH (Reuters) – The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse, according to state procurement platform Simap.ch on Monday.

By Brendan Pierson (Reuters) – E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, on Monday settled claims by the state of Minnesota that they fueled teen vaping addiction.

FRANKFURT (Reuters) – The European Central Bank can discuss changing its 2% inflation goal but only after it brings down inflation to that level, ECB President Christine Lagarde said on Monday.

By Horacio Soria and Juan Carlos Bustamante

SHANGHAI (Reuters) – Workers from Tesla’s Shanghai factory are taking to social media to appeal to Elon Musk and the Chinese public after being informed over the weekend about planned cuts to their performance bonuses, according to online posts and workers.

(Reuters) – Eli Lilly and Co said on Monday it will invest an additional $1.6 billion at its two new manufacturing sites in Indiana, United States to support the manufacturing of its recently approved cancer drug, Jaypirca, among others.