Author: Press Room
© Reuters. U.S Secretary of State Antony Blinken speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo, in Dubai, United Arab Emirates December 1, 2023. SAUL LOEB/Pool via REUTE By Kate Abnett DUBAI (Reuters) – While the world’s climate diplomats huddle over draft decisions to be made at the end of this year’s U.N. climate summit, governments at COP28 are firing off a flurry of new promises for action. Among the expected pledges at COP28 are a goal to triple renewable energy capacity and initiatives…
FDA grants second accelerated approval to Lilly's Jaypirca
As the truce in the Israel-Hamas war was ending on Thursday, Cindy McCain, the executive director of the United Nations’ World Food Program, met virtually with her staff to address an internal uproar over accusations that she was not leveraging her position to speak out against the suffering of Palestinian civilians in Gaza.Many of the global staff members who gathered were angered by her refusal to publicly call for a cease-fire, and there was a growing demand for her removal. In a video of the meeting shared with The New York Times, several employees read statements sharply criticizing Ms. McCain…
A video posted to social media appears to show a Russian soldier describing bleak conditions on the front lines in Kherson.He said that some troops mixed water from the river in a can of stewed meat and drank it for a week so they wouldn’t starve.”We are abandoned,” the soldier in the video said. “It looks so.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A video posted on social media appears to show a Russian soldier describing increasingly bleak conditions for troops on the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bank of Montreal made a big splash when it acquired BNP Paribas’ US unit Bank of the West for $16.3bn in December 2021. The deal, the biggest ever for the Canadian bank, more than doubled the lender’s footprint in the US and catapulted it into becoming the number 13 bank in the country by assets.The logic behind the deal may be sound. The timing, it turned out, was not. BMO closed the acquisition in February this year. A month later, the collapse…
© Reuters. FILE PHOTO: Macy’s Santa Claus appears on the trading floor to celebrate the 97th Macy’s Thanksgiving Day Parade at the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2023. REUTERS/Brendan McDermid LONDON (Reuters) – Festive cheer has come early to world markets (bar those dollar bulls) on growing certainty that central banks will start slashing interest rates next year. For sure, key U.S. jobs data will test the exuberance, while Australia’s central bank could reinforce a view that rates have peaked. Here’s your week ahead in financial markets from Ira Iosebashvili in New York,…
2/2 © Reuters. FILE PHOTO: Wells Fargo CEO Tim Sloan testifies before a House Financial Services Committee hearing titled: “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses” in Washington, U.S. March 12, 2019. REUTERS/Erin Scott/ 2/2 By Daniel Wiessner (Reuters) – Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal. Sloan in the lawsuit filed in California state court says Wells Fargo canceled stock awards and withheld a bonus…
The S&P 500 (SP500) on Friday advanced 0.77% for the week to close at 4,594.63 points, posting gains in three out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) added 0.83% for the week. During this week, Thursday marked the end of November, a month that turned out to be historic for markets. The benchmark S&P (SP500), along with the Nasdaq Composite (COMP.IND) and the Dow (DJI), notched their best monthly advance this year and one of their best Novembers on record. That climb has been largely driven by favorable economic data and comments from Federal Reserve…
Texas must remove 1,000 feet of floating barrier along the Rio Grande meant to keep migrants from illegally crossing near Eagle Pass, a U.S. appeals court ruled Friday. The decision came as the U.S. Customs and Border Protection in Lukeville, Arizona, southwest of Tucson, decided to close its port of entry after being overwhelmed by migrants coming into the state. The New Orleans-based 5th U.S. Circuit Court of Appeals’ 2-1 Texas decision, in which it upheld a federal judge’s ruling, was seen as a win for the Biden administration. The U.S. Department of Justice sued Texas in July, claiming the buoys placed in the river…
This past November will surely go down as one to remember. Indeed, excluding the sharp post-election spike enjoyed by the equity market in November 2020 (which […]