Reuters wins two Pulitzers, ProPublica takes coveted public service award

By Joseph Ax (Reuters) -Reuters won two Pulitzer Prizes on Monday, taking home the breaking news photography award for searing images of the Israel-Gaza conflict as well as the national reporting award for a series of investigations into Elon Musk’s manufacturing empire. ProPublica won the coveted public service award for…

Global shares rally on rate cut hopes, yen weakens

By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge last week from Japan’s suspected currency intervention. Stocks on both…

UPS CFO Brian Newman to step down on June 1, company says

(Reuters) – United Parcel Service said on Monday that its CFO and Executive Vice President Brian Newman would leave the company on June 1. UPS will evaluate internal and external candidates to replace Newman, the firm said. “My near-term priority is to focus on my health,” Newman said in a…

Goldman Sachs criminal case over 1MDB formally ends

NEW YORK (Reuters) – A U.S. judge on Monday formally ended the U.S. government’s criminal case against Goldman Sachs related to the Wall Street bank’s work for the Malaysian fund 1MDB after it met its obligations and paid $2.9 billion in penalties. Chief Judge Margo Brodie of the federal court…

Conservative US judges boycott Columbia grads over campus Gaza protests

By Nate Raymond and Karen Sloan (Reuters) – A group of 13 conservative U.S. federal judges said on Monday that they would not hire law students or undergraduates from Columbia University in response to its handling of pro-Palestinian demonstrations. The judges, all appointees of former U.S. President Donald Trump, called…

Biden pushed Netanyahu not to attack Rafah, US reviewing ceasefire proposal

By Steve Holland WASHINGTON (Reuters) – The White House said on Monday it was reviewing a response by Hamas to a ceasefire and hostage release deal, and continued to press Israel not to launch a large-scale military offensive in the southern Gaza city of Rafah. CIA Director Williams Burns was…

China’s Xi backs Macron call for global Olympic truce

By John Irish and Elizabeth Pineau PARIS (Reuters) -China’s President Xi Jingping on Monday called for a global truce during the Olympic Games in Paris this summer after the French president and the head of the European Commission urged him to use his influence on Russia to end its war…