Nearly a year after President Joe Biden called for "real action" on police brutality as part of a pledge to fix U.S. racial inequality, he is coming up against the limits of presidential power.
Business & Financial News, U.S & International Breaking News
Russia, Ukraine hold military drills, NATO criticises Russian troop build-up
Russia and Ukraine held simultaneous military drills on Wednesday as NATO foreign and defence ministers began emergency discussions on a massing of Russian troops near the Ukrainian border.
European powers warn Iran over 'dangerous' uranium enrichment move
The European countries party to the Iran nuclear deal told Tehran on Wednesday its decision to enrich uranium at 60% purity, bringing the fissile material closer to bomb-grade, was contrary to efforts to revive the 2015 accord.
Analysis: As U.S. watchdog steps up scrutiny, Grab deal signals blank-check party peak
While the blank-check deals market reached new heights this week with Grab Holdings' record $40 billion merger, some lawyers and regulatory experts said the exuberance was unlikely to last as the U.S. securities watchdog steps up scrutiny of such deals.
Wall Street rises as big banks kick off earnings season
U.S. stock indexes rose on Wednesday after upbeat earnings reports from Goldman Sachs and JPMorgan boosted investor expectations of a strong rebound for corporate America amid swift COVID-19 vaccinations.
JPMorgan profits on capital markets in a cash-flush economy
(Reuters) -JPMorgan Chase & Co's first-quarter results on Wednesday laid bare the challenge big banks face in this phase of the pandemic, where stimulus programs have left individuals and businesses in good financial shape but so flush with cash that few of them need loans.
Kremlin to Washington: Putin-Biden summit depends on U.S. behaviour
MOSCOW (Reuters) -The Kremlin said on Wednesday that a summit between Russian President Vladimir Putin and his U.S. counterpart Joe Biden would be contingent on U.S. behaviour after reportedly telling Washington to scrap a plan to impose new sanctions on Russia.
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