By Luc Cohen and Brendan O’Brien NEW YORK (Reuters) -The mother of a New Yorker killed in 2017 when a man driving a truck mowed down cyclists and pedestrians on a crowded Manhattan bike path told a hushed courtroom on Wednesday that no punishment meted out to the attacker could compare to her pain. “This…
SYDNEY (Reuters) – Australia employment unexpectedly dipped in April, following two months of outsized gains, while the jobless rate also ticked up, in a sign that the red-hot labour market might be cooling. Figures from the Australian Bureau of Statistics showed net employment fell 4,300 in April from March, when they rebounded by a revised…
By Brendan O’Brien (Reuters) – A Philadelphia Democrat who promised to hire more police has won her party’s nomination for mayor, while a former TV news anchor has ousted a Republican from the mayor’s office in Jacksonville, Florida, the largest city in the country in which the party had control. Democrat Donna Deegan pulled off…
By Fabian Cambero SANTIAGO (Reuters) -Lawmakers in Chile’s lower house of Congress gave final approval on Wednesday for a long-awaited mining tax reform that now requires only the signature of leftist President Gabriel Boric, who has publicly backed it, to become law. The reform will require large copper and lithium producers that operate in the…
By Jonathan Stempel (Reuters) -San Francisco said on Wednesday it reached a $230 million settlement with Walgreens Boots Alliance Inc over its role in the city’s opioid epidemic. The settlement came nine months after U.S. District Judge Charles Breyer in San Francisco said the drugstore chain could be held liable for having “substantially contributed” to…
By Huw Jones LONDON (Reuters) -The European Union’s executive body said on Wednesday it has formally adopted a draft memorandum of understanding (MoU) to allow financial regulators from Britain and the bloc to cooperate more closely, though stopping short of market access. Britain’s EU exit largely severed its financial sector’s previously unfettered access to the…
By Dan Whitcomb (Reuters) -A man accused of attacking two congressional staff members with a baseball bat this week and threatening to kill one of them, has been charged with assault on an employee of the U.S. government, federal prosecutors said on Wednesday. Xuan-Kha Tran Pham, 49, was taken into custody by Fairfax police following…
(Reuters) -The U.S. Federal Trade Commission said it had sought information from two privately held companies that negotiate drug rebates on behalf of pharmacy benefit managers (PBMs) as part of its probe into how PBMs affect pricing of prescription drugs. The two companies, Zinc Health Services and Ascent Health Services, are group purchasing organizations, that…
By Chiara Elisei LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee that adjudicates on disputes in the derivatives market said on Wednesday the bank’s state-engineered merger with UBS was not a credit event. The Swiss bank in March was taken over by UBS in…
By Casey Hall SHANGHAI (Reuters) – When graduate student Cai Zhishan decided to spend her Labour Day holidays in northern China, she wished she had enough money to hire a car for the more-than 4,000km (2,500 mile) round trip – the equivalent of driving from New York to Los Angeles. Instead, she chose “travelling like…
