By David Shepardson WASHINGTON (Reuters) -A U.S. Senate panel on Wednesday approved rail safety legislation that tightens rules on trains carrying explosive substances like the Norfolk Southern-operated train that derailed on Feb. 3 in Ohio, catching fire and releasing over a million gallons of hazardous materials and pollutants. The U.S. Senate Commerce Committee voted 16-11…
(This May 10 story has been corrected to fix the bids closing to March 24, not March 10, in paragraph 3) (Reuters) – Blackstone Inc and Apollo Global Management were among about 20 bidders for some assets of collapsed Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) said on Wednesday. PNC Financial Services, Valley…
By Asif Shahzad (Reuters) -Pakistan’s former Prime Minister Imran Khan was arrested on Tuesday by an anti-graft agency on corruption charges. Government officials alleged that Khan and his wife received land worth millions of dollars as a bribe from a real estate tycoon through a charitable trust. Khan and his aides have denied any wrongdoing….
By Christina Amann and Ilona Wissenbach BERLIN (Reuters) -A shooting at a Mercedes-Benz plant in the city of Sindelfingen in southwestern Germany left two men dead on Thursday, mounting pressure on Berlin to tighten the country’s already-strict gun laws. Police arrested the suspect, a 53-year-old man, who opened fire on the victims before security workers…
COPENHAGEN (Reuters) -Sweden-based Volvo Cars has delayed the start of production of its new Volvo EX90 model for more software development and testing, it said on Thursday, sending its shares down 5%. The company now expects to start production of the fully electric SUV in the first half of 2024, it said in a statement….
By Qiaoyi Li and Kevin Yao BEIJING (Reuters) -New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy’s post-pandemic recovery is losing steam and putting pressure on the central bank to ease policy. While some moderation in lending had been expected after a record first quarter, the…
MILAN (Reuters) -Sales at Italian luxury group Prada rose 22% in the first quarter to 1.065 billion euros ($1.17 billion), driven by a rebound in China and sustained growth in Europe. “Over the course of the first quarter China returned to be an engine of growth, driving a solid sales rebound in Asia Pacific,” the…
By Hilary Russ NEW YORK (Reuters) – Labor unions on Thursday asked a United Nations agency to investigate whether gaps in U.S. law have allowed Starbucks Corp to allegedly violate the rights of baristas organizing at the coffee chain’s cafes, a filing seen by Reuters showed. The complaint to the International Labour Organization (ILO), a…
By Ece Toksabay and Birsen Altayli ANKARA (Reuters) -The man challenging Tayyip Erdogan in Turkey’s presidential elections this weekend received a boost on Thursday when a small party candidate abruptly withdrew and a closely-watched poll gave him a more than five percentage point advantage. The withdrawal by Muharrem Ince, one of four contesting Sunday’s presidential…
(Reuters) -The El Niño weather pattern was likely to form during the May-July season, with a more than 90% chance of the phenomenon persisting into the North Hemisphere winter, a U.S. government weather forecaster said on Thursday. A transition from neutral conditions could occur in the next couple of months, the National Weather Service’s Climate…
