By Moira Warburton WASHINGTON (Reuters) – U.S. Senator Tim Scott on Friday launched a bid for the 2024 Republican presidential nomination. He is the only Black Republican candidate so far, and says he is running as an antidote to racial and cultural divisiveness in the United States. Here are key facts about Scott’s life and…
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Friday that the aftereffects of recent banking sector troubles takes some pressure off the U.S. central bank to raise rates. Tighter credit conditions mean that “our policy rate may not need to rise as much as it would have otherwise to achieve our goals,” Powell…
By Giselda Vagnoni ROME (Reuters) – After three years of pandemic travel restrictions and rocketing energy costs, tourism is back with a vengeance to boost the economies of southern Europe as sun-seekers make up for lost time. Early bookings suggest Italy, Spain, Greece and Portugal could receive record tourism revenues this year, helping replenish state…
By Daniel Wiessner (Reuters) – A U.S. labor board official has accused the University of Southern California of blocking student athletes from unionizing by not treating them as employees, in the latest case to challenge the longstanding business model of college athletics. The National Labor Relations Board’s Los Angeles office in a complaint announced late…
BERLIN (Reuters) – Volkswagen has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said on Friday, ending months of wrangling with Russian authorities over the deal. Volkswagen has sold its shares in Volkswagen Group Rus LLC to Art-Finance LLC, which is supported by autodealer group Avilon,…
(Reuters) – Morgan Stanley will likely appoint its next CEO in the next 12 months, its current Chief Executive James Gorman said on Friday. Gorman, 64, told shareholders that the Wall Street firm’s board has identified three strong candidates to succeed him. Gorman will become executive chairman once a new CEO is chosen. Here are…
By Maya Gebeily (Reuters) – Every handshake would count, and Syria’s President Bashar al-Assad had plenty of them at Friday’s Arab League Summit – along with hugs and kisses – from his onetime foes in the region. As he strolled into the summit venue in the Saudi city of Jeddah on Friday afternoon, a beaming…
By Andy Sullivan LAKE CHARLES, La. (Reuters) -In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. Back home in Louisiana, it’s a different story. The cowboy-hat wearing conservative regularly highlights federal funding for hospitals, bridges and ports in his district, while voting against the spending bills that include them…
(Reuters) – A World Health Organization (WHO) advisory group on Thursday recommended that this year’s COVID-19 booster shots be updated to target one of the currently dominant XBB variants. New formulations should aim to produce antibody responses to the XBB.1.5 or XBB.1.16 variants, the advisory group said, adding that other formulations or platforms that achieve…
By Medha Singh (Reuters) – The New York Stock Exchange and the Nasdaq said on Thursday they would cancel erroneous trades in the shares of IT solutions provider CDW Corp, which briefly plunged as much as 96% to $7 in premarket trading. They would bust all trades in the stock between 04:00 a.m. ET and…
