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October 22, 2021

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U.S. Supreme Court takes up Texas abortion case, lets ban remain

Reuters
Oct 22 (Reuters) – The U.S. Supreme Court on Friday agreed to hear on Nov. 1 a challenge to a Texas law that imposes a near-total ban on the procedure and lets private citizens enforce it – a case that could dramatically curtail abortion access in the United States if......

Ex-Giuliani associate Parnas found guilty of violating U.S. campaign finance law

Reuters
NEW YORK, Oct 22 (Reuters) – A federal jury on Friday convicted Lev Parnas, a one-time associate of Donald Trump’s former personal lawyer Rudy Giuliani, of violating U.S. campaign finance laws during the 2018 elections. Parnas, a Ukraine-born American businessman and his former associate Igor Fruman were accused of soliciting......

Turkey’s Halkbank can be prosecuted over Iran sanction violations, U.S. appeals court rules

Reuters
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. Oct......

Biden says United States would come to Taiwan’s defense

Reuters
U.S. President Joe Biden speaks briefly with reporters after participating in a ceremony for state and national Teachers of the Year at the White House in Washington, U.S. October 18, 2021. REUTERS/Jonathan Ernst/File Photo Biden says U.S. has “commitment” to defend Taiwan White House says no change in policy on......

U.S. House holds Trump ally Bannon in contempt, seeks prosecution

Reuters
WASHINGTON, Oct 21 (Reuters) – Longtime Donald Trump ally Steve Bannon could face criminal prosecution for refusing to cooperate with a probe into the deadly Jan. 6 attack on the U.S. Capitol after the House of Representatives voted Thursday to hold him in contempt of Congress. The Democratic-led chamber voted......

Biden expects gasoline prices to fall in 2022

Reuters
U.S. President Joe Biden delivers remarks on infrastructure legislation at the Electric City Trolley Museum in Scranton, Pennsylvania, U.S. October 20, 2021. REUTERS/Jonathan Ernst WASHINGTON, Oct 21 (Reuters) – President Joe Biden said on Thursday he expects gasoline prices to fall in 2022 and that any further price reduction depends......

Few options for G7 trade chiefs to alleviate supply pinch

Reuters
Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson WASHINGTON, Oct 21 (Reuters) – Trade chiefs from the developed world’s economic powerhouses gathering on Friday have few options at......

EXCLUSIVE Huawei, SMIC suppliers received billions worth of licenses for U.S. tech

Reuters
WASHINGTON, Oct 21 (Reuters) – Suppliers to Chinese telecoms giant Huawei and China’s top chipmaker SMIC got billions of dollars worth of licenses from November through April to sell the firms goods and technology despite being on a U.S. trade blacklist, documents released by Congress and seen by Reuters showed......

U.S. regulators to unveil blueprint to tackle financial climate risks

Reuters
WASHINGTON, Oct 21 (Reuters) – A top U.S. regulatory panel is scheduled on Thursday to unveil recommendations for ensuring the financial system can withstand risks created by climate change, a development that could ultimately lead to new rules and stricter oversight for Wall Street. The report by the Financial Stability......

Biden says he’ll ‘work like hell’ to pass infrastructure, social spending bills

Reuters
WASHINGTON, Oct 2 (Reuters) – U.S. President Joe Biden said on Saturday he was going to “work like hell” to get both an infrastructure bill and a multi-trillion-dollar social spending bill passed through Congress and plans to travel more to bolster support with Americans. Biden visited the Capitol on Friday......

U.S. charges Canadian man, alleging he’s an Islamic State fighter, propagandist

Reuters
The flag and crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly WASHINGTON, Oct 2 (Reuters) – U.S. prosecutors on Saturday said they charged a Saudi-born Canadian man for aiding the Islamic State militant group, alleging......

Texas rally launches day of U.S. protests against abortion restrictions

Reuters
AUSTIN, Texas, Oct 2 (Reuters) – Women’s rights advocates gathered at the Texas Capitol on Saturday to protest against the country’s most restrictive abortion law, launching a series of 660 marches around the United States in support of reproductive freedom. A crowd of more than 1,000 protesters assembled in sweltering......

U.S. Supreme Court’s Sotomayor allows New York school vaccine mandate

Reuters
Oct 1 (Reuters) – U.S. Supreme Court Justice Sonia Sotomayor on Friday refused to block New York City’s requirement that its public school teachers and employees be vaccinated against COVID-19. Sotomayor denied a challenge by four teachers and teaching assistants who sought to halt enforcement of the vaccine mandate while......

EXCLUSIVE White House, top Democrats agree to boost carbon capture credit in budget bill -sources

Reuters
WASHINGTON, Oct 1 (Reuters) – The White House and top Democratic lawmakers have agreed to boost a tax credit for industrial carbon capture projects in a deal that could help solidify support for the budget reconciliation bill at the heart of President Joe Biden’s economic agenda, two sources with knowledge......

Biden administration asks judge to halt strict Texas abortion law

Reuters
Oct 1 (Reuters) – President Joe Biden’s administration on Friday urged a judge to block a near-total ban on abortion imposed by Texas – the strictest such law in the nation – in a key moment in the ferocious legal fight over abortion access in the United States. The U.S.......

U.S. Supreme Court Justice Kavanaugh tests positive for COVID-19

Reuters
WASHINGTON, Oct 1 (Reuters) – U.S. Supreme Court Justice Brett Kavanaugh has tested positive for COVID-19, but has no symptoms, according to a court statement that said he would miss Friday’s investiture ceremony for Justice Amy Coney Barrett. Kavanaugh, 56, tested positive just days before the court is scheduled to......

U.S. consumer spending beats expectations; inflation still hot

Reuters
People wearing protective masks shop at Macy’s Herald Square following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., December 26, 2020. REUTERS/Jeenah Moon Consumer spending increases 0.8% in August Income rises 0.2%; saving rates falls to 9.4% Core PCE price......

Equity, bond funds see inflows as markets hit rough patch – BOFA

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2021. REUTERS/Brendan McDermid LONDON, Oct 1 (Reuters) – Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough......

Malaysia’s help needed to ease global chip shortage, Taiwan says

Reuters
A 12-inch wafer is seen at Taiwan Semiconductor Manufacturing Co. (TSMC) in Hsinchu June 15, 2010. REUTERS/Pichi Chuang TAIPEI, Oct 1 (Reuters) – Malaysia’s help is needed to resolve the global shortage of auto semiconductors, especially when it comes to packaging, a sector affected by the country’s COVID-19 curbs, Taiwan......

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