Reuters US Business

By Tom Hals and Jonathan Stempel (Reuters) -Sam Bankman-Fried’s criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie …

Bankman-Fried’s criminal case assigned to judge in Trump, Prince Andrew cases Read More »

By Hyunjoo Jin and Nivedita Balu SAN FRANCISCO (Reuters) – Tesla buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the new electric vehicle, or sell it at a profit to someone with less patience. But the days of the Tesla flip are …

Tesla used car price bubble pops, weighs on new car demand Read More »

By Valentine Hilaire PANAMA CITY (Reuters) -The Chief Executive Officer of Canadian miner First Quantum Minerals met Panama’s commerce and industry minister on Monday to discuss disagreements over the firm’s copper operations in the country, a person familiar with the matter said. First Quantum CEO Tristan Pascall flew to Panama over Christmas to attend the …

Canada’s First Quantum CEO holds talks with Panama minister: source Read More »

(Reuters) – SpaceX Chief Executive Elon Musk said on Monday that the company is now close to having 100 active Starlinks, the firm’s satellite internet service, in Iran, three months after he tweeted he would activate the service there amid protests around the Islamic country. Musk said, “approaching 100 starlinks active in Iran”, in a …

Elon Musk says around 100 Starlinks now active in Iran Read More »

(Reuters) – Peloton Interactive Inc is offering refurbished bikes across the continental U.S. and Canada at a discount of up to $500 over new bikes, the company said on Monday. The program, called Peloton Certified Refurbished, will provide models priced at $1,145 and $1,995 with the same 12 month warranty provided with new bikes. The …

Peloton to offer refurbished bikes at discounted prices Read More »

By Tarek Amara TUNIS (Reuters) – Tunisia’s powerful UGTT union will hold mass protests and “occupy the streets” soon to show its rejection of next year’s austerity budget, the leader of the union said on Monday, in its strongest challenge to the government of President Kais Saied yet. The union, with more than a million …

Tunisia union threatens to ‘occupy the streets,’ rejects 2023 budget Read More »

By Alexander Marrow MOSCOW (Reuters) -Russia’s dominant lender Sberbank will be forced to close its office in the United Arab Emirates (UAE) early next year, First Deputy Chairman Alexander Vedyakhin said on Monday, blaming sanctions pressure. Sweeping Western sanctions targeted Russia’s financial system after Moscow sent tens of thousands of troops into Ukraine on Feb. …

Sanctions forcing Russia’s Sberbank to close UAE office, company says Read More »

(Reuters) – U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on Monday. The increase is higher than the 7.1% growth Mastercard had forecast in September, when it anticipated consumers would pull purchases to October …

U.S. retail sales grows 7.6% in holiday season -Mastercard data Read More »

JERUSALEM (Reuters) – Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three years. The Bank of Israel said its banking supervision department had completed the inspection process for the new …

Israel regulator awards licence to investors to set up new digital bank Read More »

By Valentine Hilaire PANAMA CITY (Reuters) -Canada-based miner First Quantum Minerals Ltd and its subsidiary Minera Panama started arbitration processes against Panama, the country’s ministry of commerce and industry said on Saturday, as the two sides have been locked in a disagreement over payments and mine operations. Panama’s government on Monday ordered First Quantum to …

Canadian miner First Quantum starts arbitration against Panama, says government Read More »