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…
By Hyunsu Yim BUAN, South Korea (Reuters) -South Korea decided on Saturday to press on with hosting the World Scout Jamboree, despite warnings about the dangers posed by the extreme heat the country is enduring, and the U.S. and British contingents pulling out a week early. Tens of thousands of scouts, aged between 14-18 years,…
By Andrew Osborn MOSCOW (Reuters) – Former Russian President Dmitry Medvedev on Saturday suggested Moscow would launch more strikes against Ukrainian ports in response to Kyiv’s attacks on Russian ships in the Black Sea, and threatened to hand Ukraine “an ecological catastrophe”. Medvedev, who is deputy chairman of Russia’s Security Council, a body chaired by…
