News
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Mexico's Terrafina to remove CIBanco as trustee after US sanctions
MEXICO CITY, June 27 (Reuters) - Mexican real estate trust Terrafina said on Friday it planned to remove bank CIBanco as its trustee due to U.S. money laundering accusations, which resulted in Mexico's banking regulator stepping in to manage it.CIBanco has rejected the sanctions from the U.S. Tr...Reuters
Fri, Jun 27
Tesla fails to end Florida lawsuit over fatal Model S crash
By Jonathan StempelJune 27 (Reuters) - Tesla TSLA.O failed to persuade a federal judge to end a lawsuit over the death of a woman struck after an Autopilot-equipped Model S ran off the road in Key Largo, Florida, paving the way for a possible trial next month.U.S. District Judge Beth Bloom in Miami ...Reuters
Fri, Jun 27
Lululemon sues Costco for allegedly ripping off clothing designs
By Blake BrittainJune 27 (Reuters) - Canadian athletic wear maker Lululemon LULU.O sued Costco COST.O in California federal court on Friday, alleging that the wholesaler sells "knockoff" sweatshirts, jackets and pants that unlawfully copy its products.The lawsuit said that Costco's "...Reuters
Fri, Jun 27
Israeli official to arrive on Monday for White House talks, Axios reports
June 27 (Reuters) - Israeli official Ron Dermer will arrive Monday for talks at the White House on Iran and Gaza, Axios reported on Friday.Dermer, Israel's strategic affairs minister, will also discuss the visit of Israeli Prime Minister Benjamin Netanyahu to Washington later this summer, it sai...Reuters
Fri, Jun 27
Trump says he has dropped work on Iran sanctions relief
June 27 (Reuters) - U.S. President Donald Trump on Friday said that he had immediately dropped work on sanctions relief for Iran after its Supreme Leader Ayatollah Ali Khamenei said his country had scored a victory over the United States. "During the last few days, I was working on the possible ...Reuters
Fri, Jun 27
Rwanda, Congo sign U.S.-brokered peace deal in Washington
WASHINGTON, June 27 (Reuters) - Rwanda and Democratic Republic of Congo signed a U.S.-brokered peace agreement on Friday, raising hopes for an end to fighting that has killed thousands and displaced hundreds of thousands more so far this year.U.S. Secretary of State Marco Rubio hosted the two countr...Reuters
Fri, Jun 27
Mastercard, Visa's merchant fees breach competition law, UK tribunal rules
LONDON, June 27 (Reuters) - Global payments processors Visa V.N and Mastercard's MA.N default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga.London's Competition Appea...Reuters
Fri, Jun 27
US Supreme Court backs FCC's defense of fund for expanded telecom access
Lower court found FCC's funding mechanism unlawfulCase involves non-delegation doctrine legal principleBy John Kruzel WASHINGTON, June 27 (Reuters) - The U.S. Supreme Court on Friday endorsed the way the Federal Communications Commission funds its multi-billion dollar program to expand phone ...Reuters
Fri, Jun 27
Geneva branch of Gaza aid delivery group could face court action
By Olivia Le Poidevin GENEVA, June 27 (Reuters) - The Geneva branch of an Israeli- and U.S.-backed group that delivers aid to Gaza has been ordered to comply with its registration requirements or face possible court action.The Gaza Humanitarian Foundation (GHF) began distributing food packages in...Reuters
Fri, Jun 27
Trump administration to end deportation relief for Haitian migrants
By Ted Hesson WASHINGTON, June 27 (Reuters) - U.S. Homeland Security Secretary Kristi Noem will end deportation protections for half a million Haitians, the latest move by the Trump administration to strip migrants of legal status as it ramps up deportations.Noem, who shortened the duration of Te...Reuters
Fri, Jun 27
Lululemon sues Costco for allegedly ripping off clothing designs
By Blake BrittainJune 27 (Reuters) - Canadian athletic wear maker Lululemon LULU.O sued Costco COST.O in California federal court on Friday, alleging that the wholesaler sells "knockoff" sweatshirts, jackets and pants that unlawfully copy its products.The lawsuit said that Costco's "...Reuters
Fri, Jun 27
University of Virginia president resigns amid pressure from Trump administration, NYT reports
June 27 (Reuters) - The president of the University of Virginia, James Ryan, has informed the board that oversees the school that he will resign his position, the New York Times reported on Friday, citing three people briefed on the matter.Ryan was facing pressure from the Trump administration to st...Reuters
Fri, Jun 27
Google says cyber incidents in airline sector resemble work of Scattered Spider hacking group
WASHINGTON, June 27 (Reuters) - Alphabet-owned Google says that recent cyber incidents in airline and transport sectors resemble the work of the hyperactive 'Scattered Spider' hacking group.In a statement, Google said it was "still working on attribution and analysis, but given the habit...Reuters
Fri, Jun 27
Araqchi signals Iran may block UN visits to bombed nuclear sites
DUBAI, June 27 (Reuters) - Iran's foreign minister Abbas Araqchi indicated on Friday that Tehran may reject any request by the head of UN nuclear watchdog the IAEA for visits to Iranian nuclear sites."(IAEA head Rafael Grossi's) insistence on visiting the bombed sites under the pretext o...Reuters
Fri, Jun 27
Lockton: New excess casualty facility could signal move away from occurrence policies
By Michael LoneyJune 27 - (The Insurer) - The new excess casualty facility from Chubb, Zurich and National Indemnity centered on claims-made coverage could signal the industry “is beginning to steer buyers away from occurrence policies”, Lockton has suggested.In the latest edition of the Lockton Mar...Reuters
Fri, Jun 27
Bezos and Sanchez head to wedding ceremony in star-studded Venice
Wedding festivities estimated to cost around $50 millionGuest list includes Bill Gates, Oprah Winfrey, Ivanka TrumpProtesters resent opulence, say ordinary people's needs neglected in the city Businesses say the event is boost to the local economyBy Sara Rossi, Alvise Armellini VENICE, June 2...Reuters
Fri, Jun 27
