DUBAI (Reuters) -The United Arab Emirates’ central bank on Friday said it will cancel the license it granted last year to Russia’s MTS bank, which was placed under British and U.S. sanctions in February. Operations at the bank’s UAE branch, which is licensed in the emirate of Abu Dhabi, will be wound down within six […]

By Lena Masri (Reuters) -The founders of artificial intelligence company NtechLab said they resigned over disagreements with the company’s management and investors about projects in Russia. One of the founders left Russia in December 2021 while the other left in March 2022, shortly after Russia’s invasion of Ukraine, they said. The two founders’ comments came […]

(Reuters) -Jamie Dimon, the chief executive of JPMorgan Chase & Co, will be interviewed under oath over the bank’s relationship with late sex offender and former client Jeffrey Epstein, a lawyer involved in the case said on Tuesday. The deposition is expected in early May, according to Brad Edwards, a lawyer representing women who claim […]

By Aditya Soni (Reuters) -Lyft Inc’s shares were down 3% in mid-day trading on Tuesday after incoming Chief Executive Officer David Risher said the ride-hailing firm was not for sale. The appointment of the new chief executive, who has run a non-profit for more than a decade, sparked some speculation that Lyft was preparing itself […]

By Brendan Pierson (Reuters) – E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, will face their first U.S. trial this week over claims that they created a public nuisance by marketing addictive e-cigarettes to minors. Minnesota seeks to force the companies to pay for measures to remedy the […]

By Manya Saini (Reuters) – Shares of Twitter co-founder Jack Dorsey’s Block Inc fell 3% in afternoon trading on Friday, a day after the payments firm’s Cash App business became the latest target of U.S. short seller Hindenburg Research. In a report, Hindenburg alleged that Block overstated its user numbers and understated its customer acquisition […]

By Paul Lienert and Nathan Gomes (Reuters) -Ford Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said. The projected loss was revealed at a briefing for investors and analysts on Thursday to discuss […]

By David Shepardson WASHINGTON (Reuters) -Chinese-owned short video app TikTok faces a “pivotal moment” as a growing number of U.S. lawmakers seek to ban the popular app over national security concerns, CEO Shou Zi Chew said. Chew said in a video posted on TikTok early on Tuesday that the app now has more than 150 […]