NAIROBI (Reuters) -A Kenyan cult leader accused of ordering his followers to starve themselves to death will be detained by police until a hearing on Friday, a court ruled on Tuesday as investigators searched for more bodies in a forest where 101 corpses have already been unearthed. Kenyan authorities say the dead were members of…
MOMBASA, Kenya (Reuters) – A Kenyan court on Thursday released on bond a televangelist detained last week as part of an investigation into the deaths of dozens of people whom police say starved themselves to death on the instructions of a cult leader. Kenya’s interior minister accused Pastor Ezekiel Odero after his arrest last Thursday…
By Patrick Wingrove and Leroy Leo (Reuters) – Moderna Inc on Thursday reported a small profit of 19 cents per share instead of an expected loss as it booked more revenue in the first quarter from last year’s deferred orders for its COVID-19 vaccine than had been anticipated.Analysts expected a loss of $1.77 per share,…
(Reuters) -Johnson & Johnson’s consumer health spinoff Kenvue Inc rose 16% and fetched a valuation of about $48 billion in its market debut on Thursday, marking the biggest U.S. initial public offering since 2021. Shares of the Listerine mouthwash maker debuted at $25.53 each, compared with their offer price of $22 apiece. J&J sold 172.8…
By Steve Scherer and David Ljunggren OTTAWA, May 4 (Reuters) – Canadian inflation risks getting stuck significantly above the Bank of Canada’s 2% target, and if that happens the central bank is ready to hike interest rates rates further, Governor Tiff Macklem said on Thursday. Last month the Bank of Canada left its key overnight…
(Reuters) – North Carolina’s Republican-dominated House on Wednesday passed and sent to the state Senate a controversial bill limiting most abortions to the first 12 weeks of pregnancy, a sharp drop from the state’s current limit of 20 weeks’ gestation. The bill passed 71-46 along party lines, with one Republican and two Democratic lawmakers not…
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank slowed the pace of its interest rate increases on Thursday but signalled more tightening to come in what markets expect to be the final stage of its fight against inflation. All ECB policymakers but one, Austria’s Robert Holzmann, backed the 25-basis-point increase…
(Reuters) -U.S. Senator Elizabeth Warren has accused First Republic Bank executives of “mismanagement” in a letter to its former CEO Micahel Roffler and raised questions on the failed lender’s risk management as well as pay and bonuses. “You owe your customers and the public an explanation for the decisions that resulted in the costly failure…
By Daniel Wiessner (Reuters) – U.S. appeals court judges on Thursday expressed skepticism that Starbucks Corp hurt a union organizing effort when it fired seven leaders, and appeared open to the coffee chain’s argument that doing so did not violate federal labor law. The case involving a Starbucks cafe in Memphis, Tennessee is one of…
By Rod Nickel and Sourasis Bose (Reuters) -Canada’s Enbridge Inc said on Thursday it has reached a toll agreement with oil shippers for its Mainline crude pipeline system, one of North America’s biggest, after scrapping earlier plans for long-term contracts. The agreement, which will last through 2028 and requires Canadian regulatory approval, covers tolls charged…
