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AP National Business

Yellen: Russia invasion will have ‘enormous repercussions’

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen told a House panel that Russia’s actions in Eastern Europe “will have enormous economic repercussions in Ukraine and beyond.” Yellen said in remarks that globally, “spillovers from the crisis” are heightening economic vulnerabilities in many countries that are already facing higher debt burdens

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US charges Russian oligarch, dismantles cybercrime operation

By ERIC TUCKER and MICHAEL BALSAMO Associated Press WASHINGTON (AP) — The Justice Department has charged a Russian oligarch with sanctions violations and has taken down a cybercrime operation controlled by a Russian military intelligence agency. Attorney General Merrick Garland announced the actions at a news conference Wednesday. The case against against Konstantin Malofeyev accuses

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French prosecutors to probe McKinsey over alleged tax fraud

PARIS (AP) — French financial prosecutors have opened a preliminary investigation into suspected tax fraud by American management consulting firm McKinsey & Company. The national financial prosecutor’s office said Wednesday the investigation was launched last week for alleged “money-laundering aggravated by tax fraud.” A report by the French Senate issued last month said McKinsey hadn’t

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