NEW YORK (Reuters) -The U.S. Securities and Exchange Commission and Elon Musk asked a federal judge on Thursday to give the billionaire more time to respond to the SEC's civil lawsuit accusing him of waiting too long in 2022 to reveal his large stake in Twitter, the social media company he later bought and renamed X.
In a filing in federal court in Washington, D.C., the SEC and Musk said they have agreed to give Musk until August 29, 2025, to answer or... (continue reading...)
MOSCOW (Reuters) -A senior Russian Defence Ministry official was sentenced to six years in prison on Thursday after being found guilty of fraud and forgery in relation to an embezzlement scheme at a military theme park, the RIA state news agency reported.
Major General Vladimir Shesterov was detained last August for his role in the scheme at the Patriot Park, a war-themed tourist attraction outside Moscow. Two other men, including Pavel Popov, a former... (continue reading...)
(Reuters) -The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, after two days of fraught negotiations.
House lawmakers in Washington were due to convene on Thursday afternoon to consider passing the stablecoin bill and another that would develop a regulatory framework for cryptocurrencies more... (continue reading...)
NEW DELHI (Reuters) - India's aircraft accident investigation body said on Thursday it was too early to reach any "definite conclusions" on what led to the deadly Air India Boeing plane crash last month that killed 260 people.
"We urge both the public and the media to refrain from spreading premature narratives that risk undermining the integrity of the investigative process," Aircraft Accident Investigation Bureau (AAIB) chief GVG Yugandhar said,... (continue reading...)
By Laura Matthews
NEW YORK (Reuters) -Some U.S. companies are taking advantage of more attractive pricing in euro options to protect the revenues they expect from Europe against losses, fearing the common currency may have strengthened a bit too far.
The euro rose against the dollar after the U.S. rolled out larger-than-expected tariffs in April, knocking the buck to a three-year low and raising concerns about U.S. assets, its exceptionalism... (continue reading...)
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