US charges Russian billionaire Oleg Deripaska with violating sanctions

NEW YORK, Sept 29 (Reuters) – US prosecutors on Thursday unveiled criminal charges accusing the Russian billionaire Oleg Deripaska of violating sanctions imposed after Russia invaded Ukraine. Deripaska, the 54-year-old founder of aluminum giant Rusal (RUAL.MM), , was among two dozen Russian oligarchs and government officials blacklisted by Washington in 2018 in reaction to Russia’s … Read more

Britain’s market rout stokes contagion fears around the globe

NEW YORK/LONDON, Sept 28 (Reuters) – The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere. Following Friday’s UK mini-budget, which flagged 45 billion … Read more

Russia set to annex Ukraine territory; West wars of new sanctions

Russia says overwhelming support for annexation Russian parliament may consider annexation on Tuesday Ukraine rejects referendums as illegal West prepares new sanctions on referendums ZAPORIZHZHIA, Ukraine, Sept 29 (Reuters) – Russia was poised to annex a swath of Ukraine within days, releasing what it called vote tallies showing overwhelming support in four provinces to join … Read more

US FDA proposes new rules for packaged foods to qualify as ‘healthy’

Sept 28 (Reuters) – The US Food and Drug Administration (FDA) on Wednesday proposed new rules for labeling packaged foods as “healthy”, as it seeks to help people make informed nutritional choices which can help lower the risk of chronic diseases. The proposed changes to food labeling come on the day of the first White … Read more

Bed, Bath & Beyond investors watching merchandise mix during sales slump

NEW YORK, NY, Sept 28 (Reuters) – Bed Bath & Beyond (BBBY.O) investors will be closely watching the home goods retailer’s second quarter earnings on Thursday for clues as to how customers are responding to its merchandise overhaul. The holiday season will be Bed Bath & Beyond’s “make-or-break moment” to show shoppers that its new … Read more

US unveils $1.1 billion Ukraine arms package

WASHINGTON, Sept 28 (Reuters) – The United States unveiled a $1.1 billion arms package for Ukraine’s battle with Russia that includes 18 High Mobility Artillery Rocket System (HIMARS) launcher systems, accompanying munitions, various types of counter drone systems and radar systems, US officials said on Wednesday. The Pentagon’s announcement kicks off a contracting process to … Read more

“Where’s Jackie?” Biden seeks lawmaker Walorski who died in August

WASHINGTON, Sept 28 (Reuters) – US President Joe Biden publicly sought out Jackie Walorski, an Indiana Congresswoman who died in a car accident in August, during a conference on hunger on Wednesday, seeming to forget that she had passed away. Biden thanked other conference organizers, then asked: “Jackie are you here? Where’s Jackie?” Walorski, a … Read more

Sterling slides after BoE buys bonds, dollar hits 20-year high

NEW YORK/LONDON, Sept 28 (Reuters) – Sterling tumbled against the dollar on Wednesday before mating some losses after the Bank of England (BOE) said it would step in to prop up the gilt market, and the dollar index touched a fresh 20 -year high trading was volatile. The BOE said it would buy as many … Read more

Analysis: India sharpens stand on Ukraine war but business as usual with Russia

NEW DELHI, Sept 28 (Reuters) – India is articulating its position against the Ukraine war more robustly to counter criticism that it is soft on Russia, but it still has not held Moscow responsible for the invasion and will not alter its policy on importing cheap Russian oil and coal. In their first in-person meeting … Read more

Pound drops more than 1% as Bank of England steps into bond market

LONDON, Sept 28 (Reuters) – Sterling fell more than 1% against the dollar and euro on Wednesday after the Bank of England said it would step in to calm the UK’s frenzied bond markets. The pound was on track for its biggest monthly fall since October 2008, just after Lehman Brothers collapsed. The Bank said … Read more