Month: April 2022

Reuters exclusively reported that the Consumer Financial Protection Bureau (CFPB)—the agency dedicated to ensuring that U.S. consumers are treated fairly by banks and lenders—plans to ramp up enforcement actions against lenders that illegally charge credit card late-payment fees. The report also noted that the CFPB may rewrite its rules that set thresholds for such fees. It marks […]

Reuters exclusively reported that while many nations are stepping up efforts to seize assets from Russian oligarchs, authorities in Maldives are taking a cautious approach to enforcing sanctions. Maldives voted to condemn Russia’s invasion at the United Nations and publicly maintains it will assist international efforts against sanctioned Russians. But in reality, officials say they are concerned […]

A Reuters analysis provided insight into the Bank of Japan’s rare reappointment of a veteran technocrat, Shinichi Uchida, for another 4-year term as Executive Director. The move is seen in part to prepare for an eventual exit from governor Haruhiko Kuroda’s radical policies when his term ends next year. Typically, such positions last only a single term, […]

Reuters exclusively reported that Samsung Electronics’ flagship Galaxy S22 smartphone has taken a battering from reports of hobbled performance and has seen carriers halve its price at home in South Korea just weeks since its launch, hurting its image as an iPhone rival. Consumers have complained—and even filed a class-action lawsuit—about the handset maker advertising what it called […]

Reuters exclusively reported that Carlyle Group Inc said on Wednesday it has raised $4.6 billion for its second credit fund that provides debt financing to companies, including family-owned businesses and private equity-backed firms. The new fund, Carlyle Credit Opportunities Fund II, exceeded its initial target of $3.5 billion and is expected have up to $6 billion to deploy […]

Reuters exclusively reported that dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows. According to more than 50 publicly available documents examined by Reuters, dozens of entities in China […]

Reuters exclusively reported that Apple faces an additional EU antitrust charge in the coming weeks in an investigation triggered by a complaint from Spotify, a person familiar with the matter said, a sign that EU enforcers are strengthening their case against the U.S. company. The European Commission last year accused the iPhone maker of distorting competition in the […]

Reuters exclusively revealed that Germany plans to offer more than 100 billion euros ($108.8 billion) worth of aid to companies hit by fallout from the war in Ukraine, according to a document from the finance and economy ministries seen by Reuters. In the plan, later published by the ministries, the government labelled the aid a “protective shield” […]

Reuters took readers on a deep dive into what happens when Amazon offers more than 1,000 new jobs in one of the hottest blue-collar job markets in the country. Like many other manufacturing hubs around the United States, Elkhart, Indiana, has struggled to fill factory jobs throughout the pandemic, due in large part to an unprecedented boom […]

Reuters revealed China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, heeding a government call for caution as sanctions mount over the invasion of Ukraine. The move by Asia’s biggest oil refiner to hit the brakes on a potentially half-billion-dollar investment in a gas chemical plant and […]