Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualifying money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by the Swiss Federal Criminal Court on Monday of failing to prevent money laundering by a Bulgarian gang of cocaine traffickers in … Read more

Toyota and Subaru shares fall on ‘shameful’ recalls of early electric vehicles

TOKYO, June 24 (Reuters) – Toyota Motor (7203.T)Shares fell after it withdrew some of its first mass-produced all-electric cars, launched two months ago, due to the risk of wheels coming loose, a setback to its ambitions to electrify its model range. Toyota, the world’s largest automaker by sales, said on Thursday it would recall 2,700 … Read more

US Bans Sale of Juul E-Cigarettes, Company Will Seek Enforcement Suspension

June 23 (Reuters) – Sales of Juul e-cigarettes were blocked on Thursday by the U.S. Food and Drug Administration (FDA), in a blow to the once-high-flying firm whose products have been linked to a rise in vaping among teens The agency said the applications “lacked sufficient evidence” to show that the sale of the products … Read more

Exclusive: Inside the hangar at the center of the $1 billion Airbus-Qatar plane dispute

DOHA, June 22 (Reuters) – Two high-tech Airbus A350 jets sit idle with windows sealed and engines covered in a lighted hangar in the Gulf, hampered by an international legal dispute between European industrial giant Airbus. (AIR.PA) and the national airline of Qatar. From a distance, the planes may look like any other long-haul aircraft … Read more

Crypto Industry Fears Contagion as Bitcoin Drops Below $20,000

Representations of the virtual currencies Ripple, Bitcoin, Etherum and Litecoin are seen on a PC motherboard in this illustration image, February 14, 2018. REUTERS/Dado Ruvic/File photo Sign up now for FREE unlimited access to Record LONDON/HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday as Bitcoin struggled to stay … Read more

Elon Musk’s SpaceX fires at least five over critical letter

SpaceX founder and CEO Elon Musk arrives to bid farewell to the crew of Inspiration 4, the first all-civilian crew to be sent into orbit, before heading to the SpaceX Falcon 9 rocket on pad 39A at the Kennedy Space Center in Cape Canaveral, USA. September 15, 2021. REUTERS/Joe Skipper/File photo Sign up now for … Read more

White nationalists accused of planning riots are released from Idaho jail

June 13 (Reuters) – Thirty-one members of the white nationalist group Patriot Front, arrested in Idaho over the weekend on suspicion of conspiring to violently disrupt an LGBTQ pride event, have been released from jail on bail and will make their initial appearances. in court in the coming weeks, a judicial official said Monday. The … Read more

Tasty name but no Big Mac as rebranded McDonald’s restaurants open in Russia

June 12 (Reuters) – It may look and smell like McDonald’s, but now it’s Vkusno & tochka. The golden arches are gone, the fish fillet is simply a fish patty. The Big Mac has left Russia. A new era for Russia’s fast food and economy scene dawned on Sunday when McDonald’s (MCD.N) restaurants opened in … Read more

Average US Gas Price Exceeds $5 Per Gallon in Historic First

June 11 (Reuters) – The price of gasoline in the United States averaged more than $5 a gallon for the first time on Saturday, AAA data showed, extending a rise in fuel costs that is driving rising inflation. The national average price for regular unleaded gasoline rose to $5,004 a gallon on June 11 from … Read more

Tesla to seek investor approval for 3-for-1 stock split

The Tesla logo is seen in Taipei, Taiwan, August 11, 2017. REUTERS/Tyrone Siu Sign up now for FREE unlimited access to Record June 10 (Reuters) – Electric vehicle maker Tesla Inc. (TSLA.O) on Friday he proposed a three-for-one stock split, making his shares more affordable following recent sell-offs by the most valuable automaker. The … Read more