Two PGA tour officials to testify to US Senate panel about merger with Saudi-backed LIV

WASHINGTON (Reuters) -Two PGA Tour officials will testify before a U.S. Senate panel next week about the tour’s merger with Saudi-backed LIV Golf, but LIV officials declined to appear, lawmakers said on Monday. Ron Price, chief operating officer of the PGA Tour, and board member Jimmy Dunne have agreed to testify before the Senate Permanent…

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U.S. maternal mortality more than doubled since 1999, most deaths among Black women – study

By Nancy Lapid (Reuters) – The number of U.S. women who died within a year after pregnancy more than doubled between 1999 and 2019, with the highest deaths among Black women, researchers said on Monday. There were an estimated 1,210 maternal deaths in 2019, compared with 505 in 1999, according to a study published in…

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EV charging firms oppose Texas’ ‘premature’ plan to mandate Tesla standard -letter

By Abhirup Roy SAN FRANCISCO (Reuters) -A group of EV charger makers and operators is pushing back against Texas’ plan to mandate the inclusion of Tesla technology in charging stations, saying it is “premature,” according to a document seen by Reuters and a source aware of the matter. Reuters reported last week that Texas would…

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Kentucky mandates Tesla’s charging plug for state-backed charging stations

By Hyunjoo Jin San Francisco (Reuters) -Kentucky is requiring that electric vehicle charging companies include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters. Kentucky’s plan went into effect on Friday, making it the first state to mandate Tesla’s charging…

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‘Slippery’ actor Kevin Spacey tried to groom me, man tells UK court

By Michael Holden LONDON (Reuters) -An alleged sex assault victim of Kevin Spacey said the “slippery” Hollywood actor had tried to “groom” him, and the repeated groping assaults had left him feeling physically sick, a London court heard on Monday. Spacey, 63, is on trial at Southwark Crown Court accused of a dozen allegations of…

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Billionaire Ambani’s Reliance Jio renews rural India push with $12 4G phone

(Reuters) -Reliance Jio said on Monday it would launch a 4G feature phone priced at 999 rupees ($12.19), the latest attempt by billionaire Mukesh Ambani’s telecom arm to grab market share in India’s massive and under-penetrated hinterlands. Jio, which famously disrupted the Indian telecom sector in the last decade by introducing cut-price tariffs, will roll…

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Spread between 2- and 10-year Treasuries at deepest inversion since ’81

By David Randall (Reuters) – A widely watched section of the U.S. Treasury yield curve hit its deepest inversion on Monday since the high inflation era of Fed Chairman Paul Volcker, reflecting financial markets’ concerns that an extended Federal Reserve rate hiking cycle will tip the United States into recession. The closely-watched spread between the…

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U.S. property catastrophe reinsurance rates rise up to 50% on July 1-report

LONDON (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes. Reinsurers insure insurance companies, and have been raising rates in recent years…

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