Crypto lender Nexo to quit United States

LONDON, Dec 5 (Reuters) – Nexo, the U.K.-based crypto lender, said on Monday it would phase out its U.S. products and services over the next few months due to disputes with regulators. “Our decision comes after more than 18 months of good-faith dialogue with U.S. state and federal regulators that have reached an impasse,” Nexo … Read more

India plans federal oversight of all real-money online games

NEW DELHI, Dec 4 (Reuters) – India’s planned online gambling regulations will apply to all real-money gambling after the Prime Minister’s Office rejected a proposal to regulate games of skill only and exclude gambling, according to a government document and three sources. The long-awaited regulations will shape the future of India’s gambling industry, which research … Read more

U.S. appeals court rejects Biden’s bid to revive student debt plan

Nov 30 (Reuters) – A federal appeals court on Wednesday refused to stay a Texas judge’s ruling that President Joe Biden’s plan to write off hundreds of billions of dollars in student loan debt was illegal. The New Orleans-based U.S. 5th Circuit Court of Appeals has denied the Biden administration’s request to stay a judge’s … Read more

U.S. to boost spending on tribal lands, help relocate climate-impacted tribes

WASHINGTON, Nov 30 (Reuters) – The Biden administration will give Native American tribes more say in the management of federal and tribal lands under a plan that includes assistance to tribes whose lands have been damaged by climate change , the White House announced on Wednesday. President Joe Biden and other Cabinet officials announced the … Read more

U.S. House to vote to block rail strike despite labor objections

WASHINGTON/LOS ANGELES, Nov 29 (Reuters) – The U.S. House of Representatives was scheduled to vote on Wednesday to block a railroad strike that could occur as early as December 9, after President Joe Biden warned against disastrous economic consequences and massive job losses. . House Speaker Nancy Pelosi said lawmakers would vote on Wednesday to … Read more

Six states urge U.S. Supreme Court to keep block on Biden student debt relief

Nov 23 (Reuters) – Six states on Wednesday asked the U.S. Supreme Court to overrule President Joe Biden’s bid to reinstate his plan to write off billions of dollars in student debt that they said was beyond authority of his administration. The states — Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina — filed a … Read more

Shares rise, U.S. Treasury yields drop ahead of Fed minutes’ release

Fed Minutes for November at 7:00 p.m. GMT Wall Street stocks are trading higher US Treasury yields fall Crude prices drop more than 4% The US dollar falls NEW YORK, Nov 23 (Reuters) – Global stocks rose as U.S. Treasury yields fell ahead of the release of Federal Reserve meeting minutes that would hint at … Read more

Trump rebuffed by judge in New York fraud lawsuit, trial date set

NEW YORK, Nov 22 (Reuters) – A New York judge has scheduled a trial in October 2023 for former U.S. President Donald Trump, three of his adult children and the Trump Organization in a lawsuit brought by the New York Attorney General Letitia James accusing them of fraud. overstating the real estate firm’s assets and … Read more

U.S. Supreme Court rebuffs RBS ex-banker’s whistleblower award bid

Nov 21 (Reuters) – The Supreme Court on Monday refused to hear former Royal Bank of Scotland chief executive Victor Hong’s bid for a U.S. government whistleblower reward of at least 490 million dollars for reporting alleged misconduct related to the institution’s sale of mortgage-backed securities. . Judges rejected Hong’s appeal of a lower court’s … Read more

Biden asks U.S. Supreme Court to lift block of student loan relief plan

Nov 18 (Reuters) – President Joe Biden’s administration on Friday asked the Supreme Court to lift a lower court’s order blocking its plan to write off billions of dollars in student debt amid a challenge brought by six Republican-led states. In a policy benefiting millions of Americans, Biden announced in August that the US government … Read more