By P.J. Huffstutter and Leah Douglas
CHICAGO/WASHINGTON (Reuters) - Democrats in the U.S. Senate have asked the Department of Agriculture to explain why billionaire Elon Musk's Department of Government Efficiency must approve certain government farm loans and loan guarantees before they are issued, according to a copy of a letter seen by Reuters.
The lawmakers also told USDA they wanted details about how such reviews are being conducted... (continue reading...)
MEXICO CITY (Reuters) - Mexican drug lord Ovidio Guzman has reached a plea deal with U.S. authorities over drug trafficking charges he faced in the Northern District of Illinois, U.S. court records showed on Tuesday.
Ovidio, son of the convicted Mexican drug lord Joaquin "El Chapo" Guzman, was considered one of the leaders of the famed Sinaloa Cartel until he was captured and extradited to the U.S. in 2023.
According to U.S. authorities,... (continue reading...)
BEIJING (Reuters) - China's President Xi Jinping congratulated Friedrich Merz on Tuesday after he was elected chancellor by the German parliament, Chinese state media reported on Wednesday.
Xi said that as the world's second- and third-largest economies and major countries with global influence, China and Germany should deepen their cooperation and jointly promote economic globalisation, the report added.
(Reporting by... (continue reading...)
By Andrea Shalal and David Lawder
WASHINGTON (Reuters) -The U.S. and Britain have made good progress in negotiating a trade deal that would likely include lower tariff quotas on steel and autos, a UK official said on Tuesday, but the timing of a deal remains in doubt amid conflicting signals from U.S. Treasury Secretary Scott Bessent and President Donald Trump.
Bessent told lawmakers earlier on Tuesday the Trump administration could announce... (continue reading...)
By Yantoultra Ngui
SINGAPORE (Reuters) -Singapore's United Overseas Bank reported on Wednesday S$1.49 billion ($1.16 billion) in net profit for the first quarter, flat from a year earlier, due to factors including record fee income and robust loan growth.
UOB, Southeast Asia's third-largest bank by assets, said net fee income rose 20% boosted by strong growth in loan-related and wealth activities, but non-interest income eased from lower... (continue reading...)
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