By Maya Gebeily BEIRUT (Reuters) – Having brought President Bashar al-Assad in from the cold, Arab states want him to rein in Syria’s flourishing drugs trade in exchange for even closer ties. But as Damascus makes its own demands, the way ahead appears far from simple. Arab states turned the page on years of confrontation…
By Ludwig Burger FRANKFURT (Reuters) – Zealand Pharma and partner Boehringer Ingelheim said their experimental obesity drug achieved up to 14.9% weight loss after 46 weeks in a mid-stage trial, adding a potential contestant to the fast growing obesity drug market. In a statement on Wednesday, the partners said that the Phase II dose-finding trial…
WASHINGTON (Reuters) -U.S. federal prosecutors have filed criminal charges against George Santos, the embattled Republican U.S. congressman who has admitted to lying about his resume but defied calls to step down, CNN reported on Tuesday, citing three sources. Santos is expected to appear as soon as Wednesday in federal court in New York’s Eastern District,…
(Reuters) – A citizen of the United Kingdom who was extradited to New York from Spain last month has pleaded guilty to cyberstalking and computer hacking schemes, including the 2020 hack of the social media site Twitter, the U.S. Justice Department said on Tuesday. Joseph James O’Connor, 23, was charged in both North Dakota and…
By Mike Dolan LONDON (Reuters) – Sterling’s been down so long, this looks like up to most people. Against the dark mood surrounding the British economy and dour positioning on the pound over the past 18 months, spring appears brighter – even if the gloomy weather being endured by anyone living in the country might…
By Andrea Shalal and David Lawder NIIGATA, Japan/WASHINGTON (Reuters) – Treasury Secretary Janet Yellen lands at Japan’s G7 finance meeting this week, with her ambitious economic agenda hijacked by a bitter partisan fight over the U.S. debt ceiling that threatens a new financial crisis, and a signature tax deal blocked by Republicans. Yellen spent last…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Options market demand for insurance against a stock market crash has soared to multi-month highs, even as equities have calmed down after a choppy start to the year. U.S. stock market volatility has subsided as the S&P 500 has logged a 7% year-to-date gain. However, an undercurrent…
By Steve Holland WASHINGTON (Reuters) – President Joe Biden and top lawmakers agreed on Tuesday to further talks aimed at breaking a deadlock over raising the $31.4 trillion U.S. debt limit, with just three weeks before the country may be forced into an unprecedented default. After about an hour of talks in the Oval Office,…
By Chris Taylor NEW YORK (Reuters) – For most Americans, this past April 18 was a day to get those tax forms in and perhaps reluctantly write some checks. For others, that day came and went like any other – and now they are in a bit of a pickle. Being late on your taxes…
(This May 8 story has been corrected to say that Mitsubishi Motors made the comment last month, not last week, in paragraph 18) SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc…
