Economic News

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday refused to halt a legal settlement that would erase more than $6 billion in debt owed by former students of colleges – many of them for-profit institutions – who have said they were misled by schools about academics and

By Kanishka Singh WASHINGTON (Reuters) – The city of Minneapolis on Thursday settled two lawsuits brought by Black residents involving Derek Chauvin, the white former police officer convicted of murdering George Floyd, that alleged he had dealt with them similarly in the past.

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan has completed all requirements to receive critical bailout money from the International Monetary Fund (IMF), the country reiterated following a meeting with the lender on Thursday.

By David Kirton and Ellen Zhang SHENZHEN, China (Reuters) – China’s largest trade expo, the sprawling Canton Fair, will be welcoming overseas attendees in person for the first time in three years from Saturday, but a soft outlook for global growth is expected to dampen the

By Suleiman Al-Khalidi AMMAN (Reuters) – Jordan said ahead of a meeting on Friday to discuss Syria’s readmission to the Arab League it was pushing a joint Arab peace plan that could end the devastating consequences of the over decade old Syrian conflict, according to a

By Arriana McLymore NEW YORK (Reuters) – E-retail giant Amazon is facing 18 shareholder proposals, beating its 2022 record of 15 proposals, as environmental, social and governance (ESG)-focused investors push for more changes in the company, according to Amazons’ proxy statement released on Thursday.

By Andrea Shalal and David Lawder WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned policymakers against the danger of a new Cold War as they ramp up efforts to secure their industrial supply chains amid geopolitical tensions between major powers.

By David Shepardson WASHINGTON (Reuters) – The White House on Thursday is issuing new guidance to federal agencies to revise government workforce plans as it aims to “substantially increase” in-person work by government employees at headquarters offices, according to a memo seen by Reuters.

By David Lawder WASHINGTON (Reuters) – France’s development minister said on Thursday she will tell the World Bank’s expected next president, Ajay Banga, to maintain the bank’s anti-poverty mission while forging ahead with next steps by October in its evolution to fight climate change and other

By Helen Coster (Reuters) – Jury selection in Dominion Voting Systems’ defamation lawsuit against Fox Corp. is expected to begin on Thursday, as the court seeks 12 Delaware residents from a heavily-Democratic county to decide whether Fox News knowingly aired false claims about vote rigging in

(Reuters) – Banco Bilbao Vizcaya Argentaria, Banco Santander SA and Bank of America Corp together plan to fund Mexico’s $6 billion deal to purchase power plants from Spain’s Iberdrola, Bloomberg News reported on Thursday citing people familiar with the talks.

WASHINGTON (Reuters) – Photoshop maker Adobe Inc has agreed to pay $3 million to settle U.S. kickback allegations involving federal software sales, the U.S. Justice Department said in a statement on Thursday.

By Michael S. Derby (Reuters) – Federal Reserve lending to banks eased further in the latest week, signaling that while the absolute levels of emergency credit remain high, financial sector strains which started a month ago are continuing to ease.

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever.

(Reuters) – Washington Commanders owner Dan Snyder has reached an agreement in principle to sell the National Football League (NFL) team to a group led by the co-owner of the NBA’s Philadelphia 76ers, Josh Harris, according to a Sportico report on Thursday.

LA PAZ (Reuters) – Bolivia’s government has called on the armed forces to tighten border controls to curb the smuggling of state-subsidized fuels, a move it believes will save state coffers some $250 million per year.

By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as they saw a buying opportunity at lower prices, S&P Global Market Intelligence said in a note on Thursday.

MOSCOW (Reuters) – Russia on Thursday said there would be no extension of the UN-brokered Black Sea grain deal beyond May 18 unless the West removed a series of obstacles to the export of Russian grain and fertiliser.

By Rajesh Kumar Singh CHICAGO (Reuters) – Delta Air Lines on Thursday forecast higher-than-expected profit for the second quarter, citing “record” bookings for summer travel, including strong demand for international trips.

By Andrew Hay (Reuters) – More than 18,000 cows died after an explosion and fire at a family dairy farm in west Texas, marking the deadliest such barn blaze on record in the United States.