By Brendan Pierson (Reuters) – A U.S. judge on Tuesday struck down an Arkansas law prohibiting doctors from providing gender-affirming care including puberty blockers, hormones and surgery to transgender minors, a victory for families that had sued to challenge the law. “The evidence showed that (gender-affirming care) improves the mental health and well-being of patients…
(Reuters) -FedEx, which is slashing costs to protect profits as demand wanes, said on Tuesday that ongoing “demand challenges” prompted its plans to ground 29 more aircraft in the fiscal year that started on June 1. The global shipping downturn has hurt margins for the sector and FedEx’s challenge is matching costs and capacity to…
By Hussein Waaile, YP Rajesh and Tanvi Mehta NEW YORK/NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi arrived in the United States on Tuesday for a state visit that has been projected as a milestone in ties between the two countries that would deepen and diversify their partnership. Modi has been to the U.S. five times…
NEW YORK (Reuters) – New York-based hedge fund Two Sigma Investments said in a regulatory filing that a rift between its top managers poses governance challenges and a material risk for the firm. Two Sigma, which ended December with roughly $70 billion in assets, said its management committee has been unable to agree on topics…
By Brendan Pierson (Reuters) – A Christian-owned wellness center is exempt from the federal law prohibiting employers from discriminating on the basis of sexual orientation and gender identity, a federal appeals court ruled Tuesday. The unanimous three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals found that Braidwood Management, which runs an…
By Clark Mindock (Reuters) – A lawyer for 16 young people on Tuesday asked a Montana judge for a historic order declaring the state’s pro-fossil fuel policies violate their rights, wrapping up arguments in the first youth-led U.S. climate change lawsuit to make it to trial. Judge Kathy Seeley in Helena took the case under…
(Reuters) – The Pentagon found it had overestimated the amount of funding for ammunition, missiles and other equipment it sent to Ukraine by $6.2 billion due to an accounting error, a spokesperson said on Tuesday, more than double the amount previously disclosed. The value of the accounting error was revised up from the $3 billion…
By Lisa Baertlein LOS ANGELES (Reuters) – FedEx on Tuesday said it will merge its contractor-based Ground delivery operations in Canada into its company-operated Express unit and convert contractors into employees. The move, set to be phased in starting in April 2024, comes as the global delivery company is revamping its business to boost profits…
LONDON (Reuters) – Pay awards by British employers remained the highest in more than 30 years in the three months to May, keeping pressure on the Bank of England which looks set to raise interest rates again on Thursday in a bid to tame high inflation. Human resources data firm XpertHR said the median basic…
By Tetsushi Kajimoto TOKYO (Reuters) – Business morale at big Japanese manufacturers edged up in June, staying in positive territory for a second straight month and reflecting a post-COVID economic recovery though uncertainty remains high amid slowing global growth, a Reuters poll showed. Underlining the prospects for a service sector-led recovery, the non-manufacturers’ index hovered…
