POL

Judge blocks sale of machine gun converters after US sues

NEW YORK, Jan 26 (Reuters) – The US Department of Justice said it has obtained a court order blocking two firearms companies from imperiling public safety by illegally selling devices to convert AR-15 style rifles into machine guns. US District Judge Nina Morrison in Brooklyn on Wednesday issued a temporary restraining order against Rare Breed …

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US says it ‘hacked the hackers’ to bring down ransomware gang, helping 300 victims

WASHINGTON, Jan 26 (Reuters) – The FBI revealed on Thursday it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that allowed the bureau to thwart the group from collecting more than $130 million in ransomware demands from more than 300 victims . At a news conference, US Attorney General Merrick …

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US inflation roller coaster prompts fresh look at long-ignored money supply

NEW YORK, Jan 26 (Reuters) – The amount of money sloshing around the US economy shrank last year for the first time on record, a development that some economists believe bolsters the case for US inflation pressures continuing to abate. The Federal Reserve’s main measure of the nation’s money stock – known as M2 money …

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Strong US economic growth expected in fourth quarter, outlook darkening

Fourth-quarter GDP forecast to increase at a 2.6% rate Strong consumer spending seen; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The US economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed …

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Indian university warns students not to screen BBC documentary on Modi

NEW DELHI, Jan 24 (Reuters) – A top Indian university has threatened strict disciplinary action if its students’ union carries out plans on Tuesday to screen a BBC documentary on Prime Minister Narendra Modi, saying the move might disturb peace and harmony on campus. Modi’s government has dismissed the documentary, which questioned his leadership during …

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Venezuela’s inflation slows to 234% in 2022, vice president says

CARACAS, Jan 23 (Reuters) – Inflation in Venezuela hit 234% in 2022, Vice President Delcy Rodriguez said on Monday, representing a slowdown from the previous year, as the South American country struggles with a deep and lengthy economic crisis. Rodriguez provided the inflation rate during a meeting with Turkish and Venezuelan business leaders. Venezuela’s central …

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EU gas price cap risks curbing market liquidity, regulators warn

BRUSSELS/AMSTERDAM, Jan 23 (Reuters) – The European Union’s gas price cap, which launches next month, could impact financial stability and potentially curb liquidity in Europe’s exchange-traded gas markets, the bloc’s financial and energy market regulators said on Monday. EU countries agreed in December to a gas price cap that, from Feb. 15, will kick in …

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Japan finmin warns of severe finances as BOJ struggles to contain yields

Japan’s finances intensified severity to unprecedented point Rounds of extra budget, stimulus measures aggravate finances Public finance is the cornerstone of a country’s trust -Finmin Economic revival comes first before fiscal reform in long run Parliament debate begins, all eyes on new BOJ governor nominee TOKYO, Jan 23 (Reuters) – Japan’s finances are becoming increasingly …

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