By Nandhini Srinivasan and Khushi Mandowara (Reuters) – More than 109,000 Americans died from drug overdoses in the 12-month period ending January 2023, a slight increase from the previous year, according to provisional data from the U.S. Centers for Disease Control and Prevention (CDC) released on Wednesday. The figure is up 0.7% from 108,825 overdoses…
By Julie Zhu HONG KONG (Reuters) -Bill Gates, Microsoft Corp’s co-founder, is set to meet Chinese President Xi Jinping on Friday during his visit to China, two people with knowledge of the matter said. The meeting will mark Xi’s first meeting with a foreign private entrepreneur in recent years. The people said the encounter may…
By Leah Douglas WASHINGTON (Reuters) – The U.S. Department of Agriculture will temporarily close a damaged laboratory building at its flagship Maryland research site, a spokesperson told Reuters, shortly after employees filed a federal complaint alleging unsafe work conditions there. Reuters exclusively reported on May 19 that employees at the Beltsville Agricultural Research Center (BARC),…
By Pete Schroeder WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday that while banks have strengthened their liquidity after the spring banking crisis, firms must remain on guard for looming risks. Michael Hsu, the acting head of the Office of the Comptroller of the Currency (OCC), said banks specifically need to re-examine…
PARIS (Reuters) – LVMH Chairman and CEO Bernard Arnault’s five children are increasingly stepping into the spotlight as they move up the ranks of the luxury empire. All five of the Arnault children hold key management roles at brands in the company. DELPHINE ARNAULT, 48, became chairman and ceo of fashion label Christian Dior Couture…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -Shell said it will ramp up its dividend and share buybacks while keeping oil output steady into 2030, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. Shell will increase its overall shareholder distribution to 30% to 40% of cash…
(Reuters) – U.S. Treasury officials on Wednesday unveiled rules for how non-profits, tribes and governments can take advantage of subsidies in President Joe Biden’s new climate change law, expanding the incentives beyond big corporations. The Inflation Reduction Act (IRA) offers billions of dollars in tax credits to speed decarbonization of the U.S. economy. To encourage…
By Humeyra Pamuk WASHINGTON (Reuters) – The Biden administration will strive to step up cooperation with China to halt the flow of the synthetic opioid fentanyl into the United States, a U.S. counter-narcotics official said ahead of a visit by U.S. Secretary of State Antony Blinken to Beijing. Efforts could include negotiations with China over…
By Patricia Zengerle WASHINGTON (Reuters) – The top Republican on the U.S. Senate Foreign Relations Committee said on Wednesday he was blocking a $735 million arms sale to Hungary because its government has refused to approve Sweden’s bid to join NATO. “Given promises that were made to me and others last year that this vote…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said on Wednesday it is requiring that new passenger airplanes have a secondary barrier to the flight deck to prevent intrusions. The final rule, which was first proposed in July, requires aircraft manufacturers to install a second physical barrier on planes used in commercial passenger…
