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Washington, D.C., council pulls crime bill that Senate is poised to block

By Katharine Jackson WASHINGTON (Reuters) – The Democratic-controlled Washington city council on Monday withdrew a bill aimed at overhauling the city’s criminal code, which Congress had been set to overturn in a move that President Joe Biden had vowed not to block. “The bill has been pulled back from Congress,” council chair Phil Mendelson said …

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U.S. CFPB’s bid to curb late credit card fees faces strong opposition

By Niket Nishant (Reuters) – A U.S. consumer watchdog’s proposal to slash late fees on credit cards is facing a rough road ahead as lenders gear up for what could turn out to be a fierce battle with the agency, industry experts and analysts said. Last month, the Consumer Financial Protection Bureau said it was …

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Police launch probe after 1 killed, 9 injured in NY concert stampede

By Brendan O’Brien (Reuters) – Police were on Monday trying to determine what caused a stampede at a hip hop concert in New York state that killed one woman and injured nine others – with the size of the crowd, and reports that shots were heard at the venue, two lines of inquiry. Concertgoers were …

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Silvergate’s deepening crisis jolts crypto stocks

By Manya Saini (Reuters) – Shares of Silvergate Capital Corp fell 10% in early trading on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business. The crypto-focused bank said late on Friday that it had made a “risk-based decision” to discontinue the Silvergate Exchange Network (SEN) …

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Proxy advisors urge shareholders to reject Ritchie Bros bid for IAA

By Svea Herbst-Bayliss NEW YORK (Reuters) – Proxy advisory firms Institutional Shareholder Services and Glass Lewis on Monday recommended that shareholders reject Ritchie Brothers Auctioneers Inc’s planned $7 billion acquisition of U.S. auto retailer IAA Inc. As investors often follow recommendations from the proxy firms, the move deals a blow to one of the year’s …

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Exclusive-As 2024 election approaches, White House jumps into states’ abortion battles

By Nandita Bose WASHINGTON (Reuters) – The White House is jumping into state-level battles for women’s reproductive rights, lending legal and messaging advice to allies in states pushing restrictions as the Biden administration seeks to make abortion access a rallying cry in next year’s presidential election. By leaning on key local lawmakers and backing legislation …

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Turkey summons U.S. envoy over top general’s Syria visit

ANKARA (Reuters) – Turkey on Monday summoned U.S. ambassador Jeff Flake to convey its discomfort about the top U.S. general’s visit to northeast Syria over the weekend, a foreign ministry source said. Army General Mark Milley, chairman of the Joint Chiefs of Staff, made the unannounced visit on March 4 to review a nearly eight-year-old …

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U.S. defense secretary aims to reassure Mideast allies, deliver tough message

By Idrees Ali AMMAN (Reuters) -U.S. Defense Secretary Lloyd Austin, in Jordan to begin a three-country Mideast visit, is aiming to reassure key allies of American commitment to the region despite Washington’s recent focus on Russia and China, officials said, but plans frank messages for leaders of Israel and Egypt. The Pentagon chief, who arrived …

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Syria quake aid blocked from parts of Aleppo province, Amnesty says

BEIRUT (Reuters) – The Syrian government and Turkey-backed rebel forces have blocked more than 100 trucks carrying humanitarian aid from entering two zones in Aleppo province hit by last month’s deadly earthquake, Amnesty International said on Monday. The aid, which included food, medical supplies, tents and fuel, was sent by Kurdish authorities, the rights group …

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TSX kicks off week on shaky ground as materials, energy weigh

(Reuters) – Canada’s benchmark stock index opened lower on Monday, weighed down by materials and energy stocks, as commodity prices weakened after top-consumer China set a modest growth target for the year. At 9:33 a.m. ET (1433 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 17.26 points, or 0.08%, at 20,564.32. (Reporting by …

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