By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. government will soon begin hiring experts and collecting the data needed to launch direct negotiations over prescription drug prices for older and disabled people, a top Biden administration official told Reuters. President Joe Biden last week signed into law the Inflation Reduction Act, introducing new policies to…
NICOSIA, Cyprus (AP) — A new natural gas discovery off Cyprus’ southern coast that is estimated to contain around 2.5 trillion cubic feet of the hydrocarbon bolsters Europe’s efforts to secure alternative energy sources, the Cypriot energy ministry said Monday, as a supply crisis triggered by Russia’s invasion of Ukraine continues to trouble the continent….
MOSCOW (Reuters) -Europe faces fresh disruption to energy supplies due to damage to a pipeline system that brings oil from Kazakhstan through Russia, the pipeline operator said on Monday, adding to concerns over a plunge in gas supplies. CPC, which handles about 1% of global oil and whose largest shareholder is Russian pipeline firm Transneft,…
BERLIN (AP) — Adidas CEO Kasper Rorsted will step down next year, the sports apparel maker said Monday, and the company has started looking for a successor. Rorsted, who has been CEO since 2016, and its supervisory board “mutually agreed” that he will hand over during the course of 2023, the Herzogenaurach, Germany-based Adidas said….
(Reuters) – Wall Street’s main indexes opened lower on Monday, with the tech-heavy Nasdaq leading losses, as investors worried about hawkish signals from U.S. Federal Reserve policymakers in the face of slowing economic growth. The Dow Jones Industrial Average fell 120.15 points, or 0.36%, at the open to 33,586.59. The S&P 500 opened lower by…
MOSCOW (AP) — The Kremlin accused Ukrainian intelligence Monday of carrying out the brazen car bombing that killed the daughter of a leading right-wing Russian political thinker and supporter of President Vladimir Putin’s move to send troops into Ukraine. Ukraine denied involvement. Daria Dugina, a 29-year-old commentator with a nationalist Russian TV channel, died when…
By Yadarisa Shabong (Reuters) -With Cineworld, the world’s no.2 cinema operator, staring at a possible bankruptcy as it struggles to cut debt and recover from the pandemic, the spotlight is on the challenges the industry faces as a whole to compete with the popularity of streaming movies at home. The owner of Regal cinemas in…
(Reuters) – Wall Street futures fell on Monday, setting all three major U.S. stock indexes for a dour start to the week, as investors worried about hawkish signals from Federal Reserve policymakers in the face of slowing economic growth. A four-week summer rally for the Nasdaq and the S&P 500 snapped last week as megacap…
NIKOPOL, Ukraine (AP) — Russian shelling across the river from Ukraine’s main nuclear power plant wounded four people Monday, an official said, hours after the latest international pleas to spare the area from attacks to prevent a catastrophe. Meanwhile, Russia blamed Ukrainian spy agencies for the car bombing on the outskirts of Moscow over the…
NAIROBI, Kenya (AP) — Kenya’s losing presidential candidate Raila Odinga has filed a Supreme Court challenge to last week’s election result, asserting that the process was marked by criminal subversion and seeking that the outcome be nullified and a new vote be ordered. Odinga arrived to cheers Monday and helped to hoist boxes of material…
