By Trevor Hunnicutt and Jasper Ward WASHINGTON (Reuters) – U.S. President Joe Biden said on Wednesday that he does not support strikes on Iran’s nuclear sites in response to its missile attack against Israel. “We’ll be discussing with the Israelis what they’re going to do, but all seven of us (G7 nations) agree that they…
(Reuters) – Bristol Myers Squibb won the dismissal on Monday of a $6.4 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for the cancer drug Breyanzi and two other drugs developed by Celgene. U.S. District Judge Jesse Furman in Manhattan said UMB Bank was never properly appointed trustee for shareholders owning…
By Howard Schneider NASHVILLE, Tennessee (Reuters) – The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and “over time” reach a level that is no longer holding back activity, Fed Chair Jerome Powell said on Monday in remarks that showed no…
SHANGHAI (Reuters) – Chinese Foreign Minister Wang Yi said the U.S. deployment of intermediate-range missiles in the Philippines “undermines regional peace and stability”, the foreign ministry said on Sunday. Speaking to South Korean Foreign Minister Cho Tae-yul in New York on Saturday, Wang also called for avoiding “war or chaos on the Korean Peninsula”, the…
By Joe Cash BEIJING (Reuters) -Chinese air and naval forces are conducting manoeuvres in a disputed area of the South China Sea, the military said on Saturday, hours after the country’s top diplomat discussed ways of reducing regional tension with his U.S. counterpart. The news comes after Australia and the Philippines said their militaries would…
(Reuters) – TD Bank is close to a possible guilty plea to criminal charges that its U.S. retail bank failed to curb money laundering tied to Chinese crime groups and illicit fentanyl sales, the Wall Street Journal reported on Friday. Canada’s second-largest lender is in talks with U.S. federal prosecutors and its U.S. retail arm…
By Jasper Ward WASHINGTON (Reuters) – U.S. Representative Alexandria Ocasio-Cortez on Wednesday called on New York City Mayor Eric Adams to resign “for the good of the city” as senior city administration officials have become entangled in multiple federal corruption investigations. “I do not see how Mayor Adams can continue governing New York City,” Ocasio-Cortez,…
By Jasper Ward and Kanishka Singh WASHINGTON (Reuters) -Former U.S. President Donald Trump, who is the Republican presidential candidate, said on Friday he will seek the prosecution of Google if he wins the Nov. 5 election, claiming that the company only displays “bad stories” about him. Trump, in his post on Truth Social, gave no…
(Reuters) – St. Louis Federal Reserve Bank President Alberto Musalem on Friday said the U.S. central bank should cut interest rates “gradually” after what he called the “strong and clear message” of a half-point interest-rate cut last week, which he said he supported. “For me, it’s about easing off the brake at this stage. It’s…
(Reuters) – Airlines in the United States have canceled or delayed thousands of flights on Thursday, as a strengthening hurricane Helene is expected to make a landfall in the Florida big bend this evening. A total of 1,038 flights were canceled and 1,672 delayed as of 11:59 A.M. ET, according to flight tracking website FlightAware….
