By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Britain’s financial services industry has broadly cheered fresh government proposals to jumpstart the economy by channelling 50 billion pounds ($64.5 billion) of pension fund cash into fledgling firms, but the plans could backfire on savers, experts said. Finance minister Jeremy Hunt on Monday unveiled a raft…
LOS ANGELES (Reuters) – Pop superstar Madonna said on Monday that all of the North American dates on her upcoming tour will be postponed while she recovers from a multi-day hospitalization for a serious infection. The “Celebration” tour had been scheduled to kick off this month in Vancouver. Now, the plan is to start the…
By Brendan Pierson (Reuters) – Lawyers for a California man who says he developed a rare cancer from exposure to asbestos in Johnson & Johnson’s talc-based baby powder on Monday urged a jury to order the company to pay heavy punitive damages, calling its conduct negligent and “despicable.” “A reasonably careful corporation would not sell…
By David Lawder WASHINGTON (Reuters) -The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender’s president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. The “Private Sector Investment Lab” will begin work in…
By Ludwig Burger and Maggie Fick (Reuters) -The European Medicines Agency (EMA) is investigating Novo Nordisk’s diabetes drug Ozempic and weight-loss treatment Saxenda after Iceland’s health regulator flagged three cases of patients thinking about suicide or self-harm. Shares of the Danish drugmaker fell 1% on Monday following the news. An EMA safety committee is looking…
By Laura Sanicola (Reuters) -U.S. Senate Majority Leader Chuck Schumer on Sunday called on regulators to investigate a popular influencer-created energy drink with nearly twice the caffeine of a Red Bull, saying it was being marketed to children. Schumer said Prime, a beverage brand started last year by YouTube stars Logan Paul and KSI, should…
By Dawit Endeshaw MEKELLE, Ethiopia (Reuters) – Curled up on a hospital bed in Ethiopia’s northern Tigray region, an emaciated little girl struggles to breathe, as her father softly strokes her gaunt face and her mother sits crying. Tsige Shishay, whose pink sweater reads “beautiful” on the front, is 10 years old but weighs just…
WASHINGTON (Reuters) – A Tennessee law prohibiting doctors from providing medical care such as puberty-blockers and gender affirming surgery for transgender minors can go into effect immediately, a U.S. appeals court ruled Saturday. The U.S. Court of Appeals for the Sixth Circuit said advocacy groups that had challenged Tennessee’s law could not show they were…
BEIJING (Reuters) – A 25-year-old man was suspected of attacking a kindergarten in China’s Guangdong province on Monday, killing six people and injuring one, triggering an outpouring of concern about violence against children at school. Media reported the attack in Lianjiang county in the southern province was a stabbing. The suspect, with the surname Wu…
By David Randall NEW YORK (Reuters) -As second-quarter earnings approach, investors are looking at beaten-down sectors which might gain ground regardless of whether the U.S. economy falls into recession this year. While the benchmark S&P 500 has gained nearly 15% year-to-date driven by a handful of megacap growth and technology names, some sectors have lagged,…
