Reuters

By Michael S. Derby

(Reuters) - The recent ebbing in some key price increase indicators is encouraging but it is too soon to know whether inflation is back on a sustainable path back to 2%, Fed Vice Chair Jefferson said on Monday.

"It is too early to tell whether the recent slowdown in the disinflationary process will be long lasting," Jefferson said in prepared remarks to the Mortgage Bankers Association conference in New York. "The... (continue reading...)

By Parisa Hafezi

DUBAI (Reuters) - Iranian President Ebrahim Raisi's death in a helicopter crash upsets the plans of hardliners who wanted him to succeed Supreme Leader Ayatollah Ali Khamenei and will stir rivalries in their camp over who will take over the Islamic Republic when he dies.

A protege of Khamenei who rose through the ranks of Iran's theocracy, Raisi, 63, was widely seen as a leading candidate to take over from the 85-year-old... (continue reading...)

LONDON (Reuters) - An Australian computer scientist who claimed he invented bitcoin lied "extensively and repeatedly" and forged documents "on a grand scale" to support his false claim, a judge at London's High Court ruled on Monday.

Craig Wright had long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under the pseudonym "Satoshi Nakamoto".

But Judge James Mellor ruled in March that the... (continue reading...)

LONDON (Reuters) - A Russian man who had his hair dyed in some of the colours of the Ukrainian flag has been fined 50,000 roubles ($553) by a court for "discrediting" the Russian army, independent news outlet Mediazona reported on Monday.

Photographs of Stanislav Netesov posted online show the 25-year-old's close-cropped hair coloured bright blue, green and yellow. Blue and yellow are the colours of the Ukrainian flag.

More than 20,000... (continue reading...)

WASHINGTON (Reuters) - Senate Banking Committee Chairman Sherrod Brown called for new leadership at the troubled Federal Deposit Insurance Corporation Monday, urging President Joe Biden to immediately nominate someone to replace current Chairman Martin Gruenberg.

In a statement, Brown said there must be "fundamental changes" at the agency, after an external review found sweeping reports of employee mistreatment and sexual harrassment. He said he wanted... (continue reading...)