Tag: Region Americas

Most Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month’s regional banking crisis and a slowing economy expected to hurt profitability.

Earnings per share for the six biggest U.S. banks are expected to be down about 10% from a year earlier, analyst estimates from Refinitiv I/B/E/S show. Banks start reporting results on April 14.

Access to cheap deposits, which swelled for bigger banks as savers fled smaller lenders in the wake of Silicon Valley Bank’s collapse last month, likely boosted net interest income for the largest banks, analysts said.

US Secretary of State Antony Blinken on Monday officially declared Evan Gershkovich to be “wrongfully detained” by Russia. The Wall Street Journal reporter was arrested in Yekaterinburg last month and charged with espionage. “Journalism is not a crime. We condemn the Kremlin’s continued repression of independent voices in Russia, and its ongoing war against the truth,” State Department spokesman Vedant Patel said in a statement. Blinken’s designation means that the State Department will now involve its office that negotiates the release of “wrongfully detained” Americans abroad, and provide “all appropriate support” for Gershkovich.

Thousands of Israelis, including ministers in Prime Minister Benjamin Netanyahu’s right-wing government, marched to an evacuated Jewish outpost in the West Bank on Monday in support of settlements viewed as illegal under international law. As tensions mounted between Israelis and Palestinians, Israelis from across the country travelled to the outpost of Evyatar while waving Israeli flags and chanting religious songs…

The Department of Defense has sent over a criminal referral to the DOJ to trigger the probe, according to Pentagon press secretary Sabrina Singh. Meanwhile, an internal investigation has been launched to “review and assess the validity” of the documents, which “appear to contain sensitive and highly classified material.”  Photographs of scanned briefing slides were first posted on a messaging platform called Discord in January, but went unnoticed until last week. Since then, more documents have appeared on Twitter and Telegram as well, with the latest batch emerging on Friday.  According to Financial Times, their release has “sown chaos and paranoia among Washington’s national security apparatus ahead of a critical moment” in the Ukraine conflict, just as Kiev is about to launch a highly anticipated “counter-offensive.”

Germans appear to be particularly susceptible to what Bild described as Moscow’s “propaganda,” the newspaper said, adding that experts in the West are “alarmed” over this development. The tabloid then blamed this tendency on the “historically friendly relations” between the two nations, as well as the “legacy” of East Germany, which was once a part of the “socialist camp” and “a large number of Russian-speaking people” living in Germany nowadays. The paper then admitted that pro-Russian views have been spreading both among native Germans and the Russian-speaking part of the population.

Russian airline Aeroflot [Russian Airlines] has sent its aircraft to Iran for repairs for the first time in its history amid Western sanctions.

Source: Kremlin-aligned news outlet RBC, citing two sources close to the airline

“An Airbus A330-300 wide-body airliner with registration number RA-73700 flew to Tehran on 5 April, where the aircraft will be serviced by technicians from Mahan Air, i.e., Iran’s largest airline,” the statement said.

President Emmanuel Macron, following a trip to Beijing in which he met with Chinese President Xi Jinping, said in a new interview Sunday he does not believe Europe should follow the “American rhythm” on Taiwan. “We don’t want to get into a bloc versus bloc logic,” Macron said in an interview for French business daily Les Echo,arguing that Europe “should not be caught up in a disordering of the world and crises that aren’t ours.” “The question asked of us Europeans is the following: is it in our interest for there to be acceleration on the topic of Taiwan? No. The worst thing we Europeans could do would be to be followers on this topic and to adapt to the American rhythm and a Chinese overreaction,” he said. “Why should we go at a rhythm chosen by someone else?”

DES MOINES, Iowa (AP) — The Iowa Attorney General’s Office has paused its practice of paying for emergency contraception — and in rare cases, abortions — for victims of sexual assault, a move that drew criticism from some victim advocates. Federal regulations and state law require Iowa to pay many of the expenses for sexual assault victims who seek medical…

WASHINGTON (AP) — A Texas judge who sparked a legal firestorm with an unprecedented ruling halting approval of the nation’s most common method of abortion is a former attorney for a religious liberty legal group with a long history pushing conservative causes.

U.S. District Judge Matthew Kacsmaryk, an appointee of former President Donald Trump, on Friday ordered a hold on federal approval of mifepristone in a decision that overruled decades of scientific approval. His ruling, which doesn’t take immediate effect, came practically at the same time that U.S. District Judge Thomas O. Rice, an appointee of former President Barack Obama, essentially ordered the opposite in a different case in Washington. The split likely puts the issue on an accelerated path to the U.S. Supreme Court.

A California-based owner of a Tesla vehicle has sued the electric carmaker in a prospective class action lawsuit accusing it of violating the privacy of customers. The lawsuit was filed in the United States District Court for the Northern District of California on Friday. It came after reports on Thursday that groups of Tesla employees privately shared via an internal…

DUBAI, United Arab Emirates (AP) — The U.S. Navy has deployed a guided-missile submarine capable of carrying up to 154 Tomahawk missiles to the Middle East, a spokesman said Saturday, in what appeared to be a show of force toward Iran following recent tensions.

The Navy rarely acknowledges the location or deployment of submarines. Cmdr. Timothy Hawkins, a spokesman for the 5th Fleet based in the Gulf nation of Bahrain, declined to comment on the submarine’s mission or what had prompted the deployment.

He said the nuclear-powered submarine, based out of Kings Bay, Georgia, passed through the Suez Canal on Friday. “It is capable of carrying up to 154 Tomahawk land-attack cruise missiles and is deployed to U.S. 5th Fleet to help ensure regional maritime security and stability,” Hawkins said.

Four women and 10 children have been repatriated by Canada from detention camps for foreign fighters and their families in northeastern Syria. It was the fourth repatriation operation conducted by the Canadian government of its nationals held in camps in Syria for foreigners accused of being associated with the armed group ISIL (ISIS). Three of the women were arrested in Montreal at the airport before appearing in court on a “terrorism peace bond application” – a type of restraining order, Canadian police said in a statement on Friday.

One, an unidentified 38-year-old woman, was transported to Alberta province in western Canada and released on bail pending a hearing on the conditions of her status. “This is not a criminal charge,” her lawyer Lawrence Greenspon told AFP news agency, adding the prosecutor will want to “ensure that the person follows the conditions for a period of up to one year.”

The other two, Ammara Amjad and Dure Ahmed, “will remain in custody until their next hearing, which is scheduled for Tuesday”, police said. “Everything was good” regarding the fourth woman, said Greenspon, who is representing all four women. She faces neither criminal charges nor a request for a peace bond.

“The 10 children are repatriated and are with their families here in Canada,” said Greenspon. It remains unclear whether any of those being repatriated could face prosecution for alleged involvement with the armed group.

According to nine former workers who talked to the agency, groups of employees shared private footage of customers in Tesla’s internal one-on-one chats between 2019 and 2022. One of the clips in question captured a man approaching his electric car while he was completely naked, one of the sources said.

WASHINGTON (AP) — The Justice Department has launched an investigation into the possible release of Pentagon documents that were posted on several social media sites and appear to detail U.S. and NATO aid to Ukraine, but may have been altered or used as part of a misinformation campaign. The documents, which were posted on sites such as Twitter, are labeled…

  MOSCOW (AP) — Jailed Wall Street Journal reporter Evan Gershkovich has been charged with espionage in Russia and has entered his official denial, Russian state news agency Tass reported Friday. Tass said a law enforcement source informed the news agency that Russia’s Federal Security Service officially charged the American journalist with espionage. Tass did not specify if the action…

Binance, one of the world’s largest cryptocurrency exchanges, is facing a lawsuit filed by the United States Commodities Futures Trading Commission (CFTC) for allegedly violating US law by allowing US clients to trade on its platform without complying with Know Your Customer (KYC) standards. In the lawsuit, the CFTC identified three trading firms – Jane Street Group, Tower Research Capital, and Radix Trading – as Binance’s VIP clients, who allegedly received preferential treatment from the exchange.

According to Bloomberg, which cited “people familiar with the matter,” Radix Trading was identified as “Trading Firm A” in the CFTC’s suit, while Jane Street was “Trading Firm B” and Tower Research was “Trading Firm C.” The firms on the CFTC’s list were examples of US clients allegedly able to access Binance, despite not complying with KYC standards.