Economic News

By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will call on Wednesday for the World Bank to undertake additional reforms this year to expand its ability to help developing countries meet global challenges such as climate change.

WASHINGTON (Reuters) – U.S. Senator Feinstein, recuperating from a bout of shingles and facing calls from fellow Democrats to resign, said on Wednesday her return to the Senate has been delayed and she would temporarily step down from the Judiciary Committee.

(Reuters) – The judge overseeing Dominion Voting Systems’ lawsuit against Fox News said on Wednesday that he was imposing a sanction on the network and would very likely start an investigation into whether Fox’s legal team had withheld evidence, the New York Times reported.

By Blake Brittain (Reuters) – Monster Beverage Corp, the maker of Monster Energy drink, on Wednesday persuaded a California federal court to block rival Vital Pharmaceuticals, maker of Bang Energy, from marketing its drinks as containing “Super Creatine.”

By Jonathan Stempel NEW YORK (Reuters) – A new version of a lawsuit accusing JPMorgan Chase & Co of aiding in Jeffrey Epstein’s sex trafficking includes claims that the bank ignored pleas to cut ties with the financier, and that someone joked about whether Epstein knew

By Jorgelina do Rosario and Andrea Shalal

By Jorgelina do Rosario and Joe Bavier WASHINGTON (Reuters) – Kenya expects at least $1.2 billion in financing inflows between April and May and is in talks for new funding from the International Monetary Fund (IMF) to support falling foreign exchange reserves, its central bank governor

By Alexander Tanas CHISINAU (Reuters) – Moldova needs 250 million euros ($275 million) to modernise its armed forces following Russia’s invasion of neighbouring Ukraine last year, a senior defence official in the pro-Western country said on Wednesday.

By Christian Kraemer WASHINGTON (Reuters) – G7 finance leaders pledged on Wednesday to take action to maintain the stability of the global financial system after recent banking turmoil and to give low- and middle-income countries a bigger role in diversifying supply chains to make them more

TOKYO (Reuters) – The Japanese government lifted an evacuation order for residents of the northern island of Hokkaido, saying an emergency warning system erroneously predicted that a missile launched from North Korea would fall near the island.

By Jonathan Stempel (Reuters) – A federal appeals court on Wednesday said Louisiana can enforce a state law forbidding companies from using meat-like terms when selling plant-based food, reversing a lower court ruling in a case brought by the maker of Tofurky.

By Leika Kihara and David Lawder WASHINGTON (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank must pay more attention to the risk of failing to meet its 2% inflation target with premature monetary tightening, rather than being behind the curve

By David Shepardson WASHINGTON (Reuters) – The Biden administration’s proposal on Wednesday to sharply cut tailpipe emissions and vehicle pollutants is on a fast track as the future of U.S. auto production could become a presidential campaign issue next year.

By Dawn Chmielewski -Warner Bros Discovery Inc said on Wednesday it will launch on May 23 its long-awaited new streaming service, christened “Max”, which combines HBO Max’s scripted entertainment with Discovery’s reality shows.

RIYADH (Reuters) – Syria’s Foreign Minister Faisal Mekdad arrived in Saudi Arabia on Wednesday, state media said, in a major signal that Syria’s decade-long regional isolation is nearing an end.

WASHINGTON (Reuters) – The United States on Wednesday imposed sanctions on dozens of people and entities as it cracks down on Russia over its war in Ukraine, targeting a private military company, a China-based firm and entities linked to state-owned nuclear energy company Rosatom.

(Reuters) – Louisville will hold a vigil on Wednesday for those who were killed and wounded in this week’s shooting at a downtown bank by an employee who his family said suffered from mental health issues they had been “actively addressing” before his rampage.

By Tom Wilson (Reuters) – The software that underpins the second-biggest crypto coin ether is due for a software upgrade on Wednesday that will give investors access to more than $30 billion of the digital tokens.

LONDON (Reuters) – Britain is ready to provide an extra $500 million of loan guarantees to Ukraine, taking the total this year to $1 billion, British finance minister Jeremy Hunt said on Wednesday.

KYIV (Reuters) – Ukraine’s military rejected as untrue a Russian claim to have captured more than 80% of the city of Bakhmut and said on Wednesday that Kyiv’s forces controlled “considerably” more than 20% of it in the east.