ABUJA (Reuters) – The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the lender’s president Ajay Banga said on Saturday. Nigeria, with a population of more than 200 million people, has installed power generation capacity of…
(Reuters) – A 17-year-old male has been charged with murder as a hate crime in the stabbing death in New York City of a man who was dancing at a gas station when confronted by a group hurling anti-gay and anti-Black slurs, a police official said on Saturday. The death on July 29 of O’Shae…
By Jonathan Stempel (Reuters) – Berkshire Hathaway on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Rising interest rates, and better results at the Geico car insurer, allowed Berkshire’s insurance businesses to generate more…
By Mubasher Bukhari, Gibran Naiyyar Peshimam, Charlotte Greenfield LAHORE, Pakistan (Reuters) -Police arrested Pakistan’s former Prime Minister Imran Khan in Lahore on Saturday after a court sentenced him to three years in prison for illegally selling state gifts, potentially barring the opposition leader from contesting an upcoming election. Legal experts say the guilty verdict reached…
(Reuters) – The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed’s quarter-point increase in interest rates last month, given still-high inflation, strong consumer spending, a rebound in the housing market and a labor market that is…
(Reuters) – A Canadian government agency has guaranteed fresh commercial loans of up to C$3 billion ($2.2 billion) to the controversial Trans Mountain pipeline expansion project that has suffered repeated cost overruns. The information disclosed by Export Development Canada (EDC) showed that a new loan guarantee of C$2.75-C$3 billion was signed in July, though it…
By Olena Harmash KYIV (Reuters) -A Ukrainian sea drone full of explosives struck a Russian fuel tanker overnight near a bridge linking Russia to annexed Crimea, the second such attack in 24 hours, both sides said on Saturday. No one was hurt, but the Crimean Bridge and ferry transport were suspended for several hours, according…
(Reuters) -The U.S. Food and Drug Administration (FDA) on Friday approved Biogen and Sage Therapeutics’ oral pill to treat postpartum depression (PPD) in adults. The companies had sought the FDA’s approval for the drug, Zurzuvae, to treat major depressive disorder (MDD), or clinical depression, as well as postpartum depression, which affect millions of people. PPD…
(Reuters) -Dock workers in western Canada voted to accept an improved labor contract after a month-long dispute that affected trade and disrupted operations at the country’s busiest ports, their union said on Friday. The vote was 74.66% in favor of the terms of the settlement, the International Longshore and Warehouse Union (ILWU) said in a…
ROME (Reuters) -An American publishing executive died after being knocked overboard in a boating accident off the Amalfi Coast in southern Italy, the Association of American Publishers (AAP) said. Adrienne Vaughan headed the U.S. division of British publishing group Bloomsbury, best known for the Harry Potter novels. “Adrienne Vaughan was a leader of dazzling talent…
