By Tommy Wilkes, Alexander Hübner and Tom Sims LONDON/FRANKFURT (Reuters) -A United Nations-convened climate alliance for insurers suffered at least three more departures on Thursday including the group’s chair, as insurance companies take fright in the face of opposition from U.S. Republican politicians. At least seven members of the Net-Zero Insurance Alliance (NZIA), which launched…
By Joey Roulette WASHINGTON (Reuters) -A spaceplane from Virgin Galactic reached the edge of space on Thursday carrying a crew of six, making its first spaceflight test in nearly two years as the space tourism firm founded by Richard Branson prepares its long-awaited commercial service. The company’s VSS Unity spaceplane dropped from its twin-fuselage carrier…
HONG KONG (Reuters) – Bank of America Corp has told around 40 bankers in Asia to look for new roles within the organisation, a person familiar with the matter said, as it moves to control costs globally and cut back amid slowing Chinese dealmaking. The bank on Wednesday notified the staff in Asia Pacific markets…
WASHINGTON (Reuters) – Republican U.S. House of Representatives Speaker Kevin McCarthy said on Thursday he spoke briefly with former President Donald Trump about the debt ceiling negotiations in recent days, as time runs short for an agreement to avoid default. Trump, who is seeking a second term in 2024 amid multiple legal challenges, has downplayed…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week and data for the prior two weeks was revised sharply lower as fraudulent applications from Massachusetts were stripped out, indicating persistent labor market strength. The report from the Labor Department on Thursday, which also showed…
WASHINGTON (Reuters) – Negotiators’ continuing failure to reach an agreement to lift the U.S. debt ceiling forced the House of Representatives’ new China committee to postpone a planned trip to Taiwan, the committee’s chairman, Republican Representative Mike Gallagher, told reporters on Thursday. The House adjourned on Thursday and was not due to return until June…
By Sarah N. Lynch WASHINGTON (Reuters) – A federal judge sentenced the founder of the far-right militant Oath Keepers Stewart Rhodes to 18 years in prison on Thursday for seditious conspiracy and other crimes related to the U.S. Capitol attack, after a defiant Rhodes stood before him and insisted he was a “political prisoner.” (Reporting…
By Angelo Amante and Ilona Wissenbach ROME (Reuters) -Lufthansa will take a 41% stake in ITA Airways by way of a 325 million euro ($358 million) capital increase that will flow directly to the Italian carrier, the German group said on Thursday. The deal comes as Europe’s airlines struggle to repair their balance sheets after…
By David Shepardson WASHINGTON (Reuters) -Federal Aviation Administration (FAA) acting chief Billy Nolen is expected to take a position with electric air taxi firm Archer Aviation after he leaves the agency, sources told Reuters. Asked for comment on whether Nolen was joining Archer, the FAA said “Billy Nolen is departing the FAA in the coming…
(Reuters) -The U.S. Food and Drug Administration on Thursday granted full approval to Pfizer’s oral antiviral COVID-19 treatment Paxlovid, clearing the way for the drugmaker to sell it at market rates once U.S. government supplies dwindle. Paxlovid initially received emergency use authorization from the FDA in late 2021, when there was a desperate need for…
