By Karen Freifeld (Reuters) -Former Trump Organization Chief Financial Officer Allen Weisselberg was released from jail on Wednesday, according to New York City Department of Correction records. Weisselberg was sent to New York’s Rikers Island jail on Jan. 10 for helping engineer a wide-ranging 15-year tax fraud scheme at former President Donald Trump’s family business….
By Leroy Leo and Khushi Mandowara (Reuters) -Abbott Laboratories said on Wednesday delayed non-urgent surgeries had resumed globally three years into the COVID-19 pandemic as hospital staff shortages eased and customers became regular with health check-ups, sending its shares up 5%. The much-awaited recovery in elective surgeries led the company to effectively raise forecast for…
By Clara Denina and Yadarisa Shabong LONDON (Reuters) -Glencore has told Teck Resources shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table. In an open letter on Wednesday, Glencore said it would consider taking the…
By Oliver Denzer and Laurie Chen HAMBURG/BEIJING (Reuters) -Dazed and terrified, Yicheng Huang narrowly managed to escape being detained by police in Shanghai while attending historic protests calling for an end to China’s COVID-19 curbs that spread across numerous cities last November. The protests, unprecedented in President Xi Jinping’s decade in power, were suppressed by…
By Abinaya V and Aditya Soni (Reuters) -Tesla Inc cut prices for some of its Model Y and Model 3 vehicles in the U.S. for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world. The cuts came ahead of Tesla’s first-quarter earnings, due after markets close…
By Nick Carey and Sachin Ravikumar LONDON (Reuters) -Jaguar Land Rover (JLR) will invest 15 billion pounds ($19 billion) over the next five years in electric vehicles (EVs) and promised on Wednesday to deliver a new electric Jaguar in 2025 as the British luxury carmaker plays catch-up with rivals. JLR, which is owned by India’s…
AMSTERDAM (Reuters) – China is seeking to acquire equipment and knowledge in the Dutch space sector, sometimes in circumvention of export restrictions, the Netherlands’ military intelligence agency said on Wednesday. The agency, known by its Dutch acronym MIVD, said in its 2022 annual report that its analysis “shows the Chinese satellite launch capacity will increase…
By Khalid Abdelaziz, Nafisa Eltahir and Humeyra Pamuk KHARTOUM (Reuters) – Heavy gunfire shattered a 24-hour truce in Sudan on Tuesday shortly after it was due to take effect under U.S. pressure on warring military factions to halt fighting that has touched off a humanitarian crisis. Loud shooting reverberated in the background of live feeds…
(Reuters) -Property and casualty insurer Travelers Companies Inc on Wednesday reported a fall in quarterly profit, hurt by severe wind and hail storms in parts of the United States in March. Core income of the New York-based company, often seen as a bellwether for the insurance sector as it typically reports before industry peers, fell…
By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court should restrict the availability of the abortion pill mifepristone, anti-abortion groups challenging the medication’s federal regulatory approval told the justices in a filing on Tuesday, urging them to implement curbs ordered by a conservative federal judge in Texas. The challengers urged the Supreme Court to reject…
