JPMorgan’s Jamie Dimon to Be Deposed in Epstein Case, Plaintiffs’ Lawyer Says

March 28 (Reuters) – JPMorgan Chase & Co ( JPM.N ) Chief Executive Officer Jamie Dimon will be questioned under oath over the bank’s relationship with Jeffrey Epstein, the late sex offender and former client, a lawyer involved in the trial said. Tuesday. The settlement is expected in early May, according to Brad Edwards, a … Read more

Canada is increasing clean technology investment in the budget to compete with the United States

OTTAWA, March 28 (Reuters) – Canada on Tuesday sought to narrow the competitive gap with the United States with a budget aimed at attracting investment in the low-carbon economy, including tax breaks for electric vehicle (EV) makers and expanding the electricity grid. The 2023-24 tax document submitted to the House of Commons also includes a … Read more

EU countries agree to phase out cars that cause carbon dioxide emissions in 2035

BRUSSELS, March 28 (Reuters) – European Union countries on Tuesday finally approved a landmark law to end sales of new carbon dioxide-emitting cars in 2035 after Germany won an exemption for cars running on e-fuels. Approval by EU energy ministers means Europe’s most important climate policy for cars can now come into force – after … Read more

Alibaba breaks up empire into six units, seeks IPO

March 28 (Reuters) – Alibaba Group ( 9988.HK ) plans to split its business into six main units spanning e-commerce to the cloud in the biggest restructuring in its 24-year history, five of which it said are exploring fundraising or public offerings. . The six units are Cloud Intelligence Group, Taobao Tmall Commerce Group, Local … Read more

US regulator to sue leading crypto exchange Binance CEO for ‘deliberate circumvention’

The CFTC accuses Binance of “intentionally circumventing” federal law. Binance’s compliance was “ineffective” under CEO – CFTC The CFTC is referring to a practice reported by Reuters last year March 27 (Reuters) – The U.S. Commodity Futures Trading Commission (CFTC) on Monday sued the world’s largest cryptocurrency exchange Binance and its CEO and founder Changpeng … Read more

Nestle investigates banking relationships after Credit Suisse collapse

ZURICH, March 28 (Reuters) – Nestle ( NESN.S ) is reviewing its banking relationships following UBS’s ( UBSG.S ) planned takeover of Credit Suisse ( CSGN.S ), the food group’s Chief Executive Mark Schneider said on Tuesday. The world’s largest food group was a client of Credit Suisse, Schneider told TeleZuer in an interview aired … Read more

Zelensky accuses Russia of being a “hostage” of the Zaporizhzhia nuclear power plant

Zelensky condemns “radiation blackmail” Ukraine closes the frontline city of Avdiivka to civilians Zelensky will visit the Southeastern Zaporizhzhia region Minsk defends decision to host Russian nuclear weapons KIIV, March 28 (Reuters) – Ukraine’s president said Russian forces were holding the Zaporizhzhia nuclear power plant “hostage” and its safety could not be guaranteed until they … Read more

Stocks are rising, yields on US government bonds are rising as the fear of banks subsides

HONG KONG, March 28 (Reuters) – Global stocks and U.S. bond yields rose on Tuesday as a U.S. regulator-backed deal by First Citizens BancShares to buy failed Silicon Valley Bank calmed broader concerns about the industry’s troubles. MSCI’s broadest index of Asia-Pacific shares outside Japan ( .MIAPJ0000PUS ) rose 0.3% in early morning Hong Kong … Read more

The US and Japan sign a trade agreement on minerals for electric vehicle batteries

WASHINGTON, March 28 (Reuters) – The United States and Japan announced a trade deal on minerals for electric vehicle batteries on Tuesday, key to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 U.S. electric vehicle tax credit. The quickly negotiated agreement prohibits the two countries from enacting bilateral … Read more

Angry young people challenge Macron and his pension law

PARIS, March 27 (Reuters) – Teenager Charles Chauliac is angry that French President Emmanuel Macron plans to delay retirement for hard-working people like his parents and that he bypassed parliament to do so. Most nights in recent weeks, the 18-year-old has taken to the streets of Paris to try to force a U-turn. He marches … Read more