Author: IA PressRoom

© Reuters. FILE PHOTO: A view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel By Yuka Obayashi and Sudarshan Varadhan SINGAPORE (Reuters) -Oil prices looked set to post their second straight weekly loss as prices continued to fall on Friday over demand concerns and scepticism that the United States and Iran could strike a nuclear deal. futures dropped 35 cents, or 0.5%, to $75.61 a barrel by 0304 GMT, while the U.S. West Texas Intermediate crude…

Source: AdobeLong-standing crypto skeptic Sen. Elizabeth Warren is asking US Department of Justice Attorney General Merrick Garland to investigate whether Binance lied to Congress.The Democrat from Massuchesetts and Sen. Chris Van Hollen, D-Md. said Binance may have violated the law when it told lawmakers that Binance and Binance.US were separate entities and that Binance.US prioritized regulatory compliance. Those two issues were front and center regarding 13 charges brought by the US Securities and Exchange Commission this week. The SEC said Binance and its CEO Changpeng Zhao secretly controlled Binance.US behind the scenes and also accused them of misleading investors about “non-existent” trading…

© Reuters. Investing.com– Most Asian currencies retreated on Friday as weak Chinese inflation data pushed up concerns over slowing growth in Asia’s largest economy, while the dollar steadied after steep overnight losses as a Federal Reserve meeting loomed. The fell 0.1% and hovered around six-month lows after data showed that Chinese shrank in May from the prior month, while fell at its sharpest pace in seven years- the tail end of the yuan devaluation shock. The data followed a string of weak economic readings from China in the past two weeks, which indicated that a post-COVID economic rebound in the…

Florida Gov. Ron DeSantis, Donald Trump’s leading rival for the 2024 GOP nomination, said the decision to charge the former president demonstrated political bias in the Biden Justice Department and it’s “weaponization” of its police powers.Trump was indicted Thursday on federal charges involving conspiracy, obstruction, and taking classified documents.”The weaponization of federal law enforcement represents a mortal threat to a free society,” Florida Governor Ron DeSantis stated Thursday.”We have for years witnessed an uneven application of the law depending upon political affiliation. Why so zealous in pursuing Trump yet so passive about Hillary or Hunter?”DeSantis said his administration “will bring…

Ildar Imashev/iStock via Getty Images A U.S. Food and Drug Administration (FDA) advisory committee on Thursday voted in favor to recommend approval of Sanofi (NASDAQ:SNY) and AstraZeneca’s (NASDAQ:AZN) antibody therapy to prevent respiratory syncytial virus (RSV) infection in newborn babies and infants. The FDA’s Antimicrobial Drugs Advisory Committee unanimously voted 21 to 0 in favor of using the therapy, nirsevimab, to prevent infections in newborns or infants in their first RSV season. Separately, the committee voted 19 to 2 in favor of using nirsevimab in children up to two years of age who remain vulnerable to severe illness through their…

President Biden faces his own special counsel investigation over mishandled secret documents. Like Trump, Biden has faced his own drip, drip, drip of revelations in the case, and questions about his role. But so far there’s no evidence of aggravating factors like willful retention that may lead to charges. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app One president charged, another under investigation for wrongly keeping secrets.News broke Thursday night that former President Donald Trump has been indicted by a Miami grand jury in…

China-linked tech companies are finding ways to break back into India, giving fresh hope to investors that their businesses can overcome trade tensions between the countries and power new growth.Online fashion company Shein has pursued an alternative deal structure to relaunch in India in partnership with Reliance Industries, the country’s biggest listed company. It had been among dozens of Chinese apps banned in 2020 over alleged national security concerns following deadly clashes on India’s border with China.Battlegrounds Mobile India, a shooter game published by the Tencent-backed South Korean company Krafton, relaunched on app stores last week, a year after it…

© Reuters. FILE PHOTO: The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe BEIJING (Reuters) – China’s BYD Co (OTC:) Ltd on Friday announced new sub-brand FANG CHENG BAO for its new energy vehicle models. It expects to launch the first model of the new sub-brand as an SUV code-named SF this year, BYD said in a statement.

© Reuters. Investing.com– Oil prices extended losses into Asian trade on Friday amid persistent fears that slowing economic growth will erode demand this year, with dismal readings from China further denting sentiment.  Chinese inflation data disappoints  Chinese shrank in May from the prior month, while hit a seven-year low as an economic recovery in the country sputtered through the second quarter. The readings, coupled with a string of weak economic prints from the country over the past two weeks, further undermined bets that a recovery in China will push oil demand to record highs this year.  Fears of slowing demand…

CNN  —  It’s been nearly eight years since he rode down the escalator in Trump Tower and more than two years since the January 6, 2021, insurrection, but the legal drama surrounding Donald Trump has never been more intense. He was indicted Thursday night by a federal grand jury in Florida on seven counts related to the special counsel investigation into mishandling of classified documents. The special counsel is also looking at the aftermath of the 2020 presidential election. In New York, a hush money payment to an adult film star has resulted in his indictment by a Manhattan grand…