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By Akash Sriram (Reuters) -Lyft forecast current-quarter gross bookings below estimates on Tuesday, as its jostles for more riders with larger rival Uber Technologies, while wildfires and extreme weather events disrupted its business in some key markets. Shares of the San Francisco-based firm fell about 10% in after-hours trading. Lyft said it was expecting gross …

Lyft’s first-quarter bookings forecast pressured by fierce competition with Uber Read More »

By Chris Prentice and Niket Nishant (Reuters) -Binance and the U.S. Securities and Exchange Commission have asked a federal judge to stay the regulator’s lawsuit against the crypto exchange, according to a court filing, citing the potential impact of a newly launched task force. The motion to request a stay for 60 days marks the …

US regulator, Binance seek pause in legal battle as Trump’s crypto policy takes shape Read More »

By Khalid al-Mousuly MOSUL, Iraq (Reuters) – Mosul’s Grand al-Nuri Mosque, known for its eight-century-old leaning minaret, destroyed by Islamic State militants in 2017, has been renovated in a boost for Iraq’s second city as it rebuilds after long years of war. From the pulpit of this medieval mosque on July 4, 2014, Islamic State …

Mosul’s renowned minaret restored from ravages of Islamic State Read More »

By Olivia Le Poidevin GENEVA (Reuters) -The United Nations said on Tuesday aid flows into Gaza had risen significantly since a ceasefire took effect last month including for items such as tents that had faced Israeli restrictions, even as fears rise that the fragile calm might not last. After the U.N. update, witnesses at the …

UN says Gaza aid flows have risen during ceasefire; witnesses report hold-ups Read More »

(Reuters) – No U.S. regulator other than the Consumer Financial Protection Bureau is tasked with ensuring that banks abide by rules guarding against deceptive practices regarding consumers, the head of the Federal Reserve said on Tuesday as he was pressed by a senior Democratic senator to ensure the CFPB remains funded. The Trump administration has …

Fed’s Powell: No agency other than CFPB tasked with consumer protection enforcement Read More »

WASHINGTON (Reuters) -President Donald Trump on Monday signed an executive order aimed at encouraging the U.S. government and consumers to buy plastic drinking straws, pushing back efforts by his predecessor to phase out single-use plastics and tackle waste. “We’re going back to plastic straws,” Trump told reporters at the White House as he signed the …

Trump signs executive order on plastic drinking straws Read More »

By Nidhi Verma NEW DELHI (Reuters) -U.S. sanctions on Russia should not affect Moscow’s oil trade with India, Pavel Sorokin, Russia’s first deputy energy minister, said on Tuesday, while adding it was too early to assess the impact of the latest restrictions. India became the biggest buyer of Russian seaborne oil sold at a discount …

Russia says US sanctions should not affect oil trade with India Read More »