By Sharon Bernstein (Reuters) – Republican lawmakers in North Carolina said on Tuesday they had reached agreement on a plan to limit most abortions to the first trimester of pregnancy, a sharp drop from the state’s current limit of 20 weeks gestation. If passed, the proposed legislation would reverberate beyond North Carolina, limiting options for…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The World Bank’s 25-member executive board on Wednesday is poised to elect ex-Mastercard CEO Ajay Banga as the bank’s next president, ushering in an Indian-born finance and development expert charged with revamping the lender to tackle climate change and other global crises. Banga, 63, was nominated…
By Sarah N. Lynch WASHINGTON (Reuters) -A former FBI agent has been arrested for his alleged role in the Jan. 6, 2021, attack on the U.S. Capitol and charged with four misdemeanor counts, including unlawfully entering a restricted building and disorderly conduct, according to court filings. Jared Wise, 51, who served as an FBI agent…
(Reuters) – Short sellers have pocketed $1.2 billion in paper profits betting against U.S. regional lenders in the first two days of May, analytics firm Ortex said, as the third major regional bank failure in two months sparked a selloff in the sector. U.S. regulators seized First Republic Bank and sold most of its assets…
By Deborah Mary Sophia (Reuters) -Yum Brands Inc missed Wall Street estimates for first-quarter profit on Wednesday, as the Taco Bell parent doubled down on promotions to attract inflation-wary consumers while also facing lingering commodities and labor cost pressures. Shares of the KFC and Pizza Hut owner tumbled more than 4% after the company also…
By Muvija M LONDON (Reuters) – More than 11,000 police officers will patrol London’s streets for King Charles’ coronation on Saturday, the biggest ceremonial event staged in the British capital for 70 years, and they are well prepared to handle any incident, officials said on Wednesday. Security forces have spent months preparing for the event,…
By David Shepardson WASHINGTON (Reuters) -U.S. Senator Marcio Rubio on Wednesday asked the Biden administration to investigate Ford Motor Co’s plan to partner with PT Vale Indonesia and China’s Zhejiang Huayou Cobalt in a $4.5 billion nickel processing plant in Indonesia. Rubio, who is the top Republican on the Senate Intelligence Committee, said the venture…
By Aatrayee Chatterjee (Reuters) -Kraft Heinz Co raised its full-year profit forecast on Wednesday on the back of higher prices and sustained demand for its packaged food items as raw material costs, which have plagued the industry, also ease. Shares of the Philadelphia Cream Cheese maker were up 3.9% in early trading after it also…
(Reuters) -Taiwan Semiconductor Manufacturing Co is in talks with partners to invest as much as 10 billion euros ($11.04 billion) to build a chip fabrication plant in Germany, Bloomberg News reported on Wednesday, citing people familiar with the matter. The venture between TSMC, NXP Semiconductors NV, Robert Bosch GmbH and Infineon Technologies AG will have…
By Karl Plume and Sourasis Bose (Reuters) -Agricultural commodities trader Bunge Ltd beat Wall Street estimates for first-quarter profit on Wednesday, helped by strong crush margins in North America and Brazil as well as high demand for food, feed and biofuels. But earnings were down from a record first quarter last year due to weaker…
