OTTAWA (Reuters) – The White House said on Thursday there was no possibility President Joe Biden would pardon his son Hunter, who is facing charges of failing to pay taxes on more than $1.5 million in income in 2017 and 2018. Asked whether Biden might issue such a pardon, White House spokeswoman Karine Jean-Pierre told…
By Patricia Zengerle WASHINGTON (Reuters) – Twenty-five U.S. Republican lawmakers urged President Joe Biden on Thursday to increase funding for the country’s submarine fleet, citing the recent three-nation AUKUS project to supply Australia with nuclear-powered submarines and concern about China’s increasing military might. “We support the vision of the Australia-United Kingdom-United States (AUKUS) partnership and…
By David Shepardson and Diane Bartz WASHINGTON (Reuters) – The U.S. Senate Commerce Committee approved legislation on Thursday to bar automakers from eliminating AM broadcast radio in new vehicles and require companies like Ticketmaster to put total ticket prices including fees in marketing materials. The committee acted on a number of bills before Congress heads…
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank raised interest rates for the ninth consecutive time on Thursday, but raised the possibility of a pause in September as inflation pressures show tentative signs of easing and recession worries mount. Fighting off a historic surge in prices, the ECB has now lifted…
WASHINGTON (Reuters) – U.S. President Joe Biden said on Thursday he had asked Acting Labor Secretary Julie Su to issue a heat hazard alert, clarifying that workers have heat-related protections as temperatures soar nationwide. Biden, speaking at the White House, also said that the U.S. Forest Service will award $1 billion grants to help towns…
By Arunima Kumar and Divya Rajagopal (Reuters) -The CEO of Teck Resources Ltd said on Thursday that the Canadian miner is considering a range of proposals including a partial sale of its coal business from various interested parties after Glencore offered up to $8.2 billion for the unit. Teck is banking on the limited coking…
MADRID (Reuters) – Infrastructure giant Ferrovial on Thursday reported a first-half net profit of 114 million euros ($125 million), more than double what it netted a year ago, helped by improving revenue from its motorway operations in North America. Revenue from highways rose 38% to 492 million euros, mainly on the back of its toll…
By David Brunnstrom WASHINGTON (Reuters) – U.S. President Joe Biden is expected to host the leaders of Japan and South Korea in a trilateral summit at Camp David next month, the co-chair of the U.S. congressional caucus on Korea said on Thursday. Democratic congressman Ami Bera told a Washington think tank he anticipated the summit…
By Leroy Leo and Patrick Wingrove (Reuters) -AbbVie on Thursday trimmed its 2023 view for declining sales of its flagship arthritis drug Humira despite new competition, as favorable positions on insurance drug coverage lists helped it continue to reach U.S. patients. The U.S. drugmaker said it now expects Humira sales to fall by 35% instead…
UNITED NATIONS (Reuters) – A coup in Niger could have a “negative impact” on the United Nations withdrawing its decade-long peacekeeping operation in neighboring Mali, U.N. spokesperson Stephane Dujarric said on Thursday. The U.N. Security Council last month ended the mission in Mali after the West African country’s military junta abruptly asked the 13,000-strong force…
