NIIGATA, Japan (Reuters) – German Finance Minister Christian Lindner on Friday said he hoped politicians in the United States would come to a “grown-up” decision on talks to raise the federal debt ceiling, warning there was a risk to the global economy if they did not. Speaking on the sidelines of the G7 summit in…
By Jennifer Rigby LONDON (Reuters) – New highly-effective weight loss drugs such as Novo Nordisk’s Wegovy are not a “silver bullet” for addressing the rapid rise in global obesity rates, the World Health Organization’s nutrition chief told Reuters, as the agency conducts its first review of obesity management guidelines in more than 20 years. The…
By Jennifer Rigby LONDON (Reuters) – New highly-effective weight loss drugs such as Novo Nordisk’s Wegovy are not a “silver bullet” for addressing the rapid rise in global obesity rates, the World Health Organization’s nutrition chief told Reuters, as the agency conducts its first review of obesity management guidelines in more than 20 years. The…
LUCERNE, Switzerland (Reuters) -UBS Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and he did not think outflows at the embattled bank were continuing. Addressing the Swiss Media Forum in Lucerne, Ermotti also said he hoped there would be an investigation into the circumstances that pushed Credit Suisse…
By Xinghui Kok SINGAPORE (Reuters) -Singapore’s longest-serving central banker Ravi Menon has been reappointed in his role for another two years, the Monetary Authority of Singapore (MAS) said on Friday. Menon’s term as managing director of MAS was due to end on May 31. There had been earlier reports that he was to be…
By Tyler Clifford and Brendan O’Brien NEW YORK (Reuters) -A former U.S. Marine who killed a homeless man by putting him in a chokehold on the New York City subway will be arrested on Friday and arraigned on a charge of manslaughter, the Manhattan district attorney said on Thursday. A viral video showed the former…
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp said on Friday it was working with Japan Industrial Partners (JIP) to quickly complete a $15-billion buyout by the private equity firm, as the industrial conglomerate forecast another year of weak earnings. After Toshiba’s board in March accepted a 2 trillion yen ($14.8 billion) buyout offer from the…
NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen met German Finance Minister Christian Lindner on Friday, underscoring the importance of working together to counter evasion of Western sanctions imposed on Russia over its war in Ukraine, Treasury said. Yellen and Lindner met on the sidelines of a Group of Seven finance officials meeting in…
By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) -Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident comes as the world’s biggest automaker by sales makes a push into vehicle connectivity that is…
FRANKFURT (Reuters) – European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially in the case of the worst performers, the European Court of Auditors (ECA) said on Friday in a report that highlighted a number of shortcomings. The ECB supervises just over a hundred of the euro…
