Saturday, 5 Dec 2020
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City mayor invokes emergency powers to order immediate removal of statues, citing safety concerns amid protests. Richmond, Virginia Mayor Levar Stoney on Wednesday ordered the immediate removal of all Confederate statues on city land, saying he was using his emergency powers to speed up the healing process for the former capital of the Confederacy amid […]

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NEW YORK (Reuters) – Novartis AG (NOVN.S) agreed to pay $678 million to settle a civil fraud lawsuit brought by the U.S. government accusing the Swiss drugmaker of paying millions of dollars in kickbacks to doctors to induce them to prescribe its cardiovascular and diabetes drugs. The U.S. Department of Justice announced the settlement late […]

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Quiet Canada Day in Banff as businesses struggle to stay open

Canada‘s birthday celebrated in the birthplace of the country’s national parks — it seems natural to visitors who traveled to Banff on Wednesday, especially those who haven’t been to the mountain town since the COVID-19 pandemic started. Many are happy to be in the mountains despite no parade and no fireworks this Canada Day. To […]

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Mystery as hundreds of elephants found dead

Mystery surrounds the “completely unprecedented” deaths of hundreds of elephants in Botswana over the last two months. Dr Niall McCann said colleagues in the southern African country had spotted more than 350 elephant carcasses in the Okavango Delta since the start of May. No one knows why the animals are dying, with lab results on […]

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TREASURIES-Yields climb on strong manufacturing data, Fed minutes

(Recasts, updates yields, adds analysts’ comments, Fed minutes) By Karen Pierog CHICAGO, July 1 (Reuters) – U.S. Treasury yields on the long end of the curve shot higher on Wednesday after data showed manufacturing activity rebounded in June and minutes from the Federal Reserve’s last meeting indicated yield curve control was not coming anytime soon. […]

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Fed deluged by letters from needy over its loan program

(Reuters) – The U.S. Federal Reserve on Wednesday released thousands of letters and emails from individuals, businesses and nonprofit groups this spring urging the central bank to widen access to its Main Street Lending Program to more entities struggling to survive the coronavirus-triggered recession. The writers included school-meal providers, the American Hospital Association, a tuxedo […]

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Fed revisits idea of pledging to keep interest rates low

WASHINGTON (Reuters) – Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to deliver a more rapid recovery from the recession triggered by the coronavirus pandemic. The policymakers “generally indicated support” for tying rate-setting policy to specific economic outcomes, minutes […]

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Why people are scared of Hong Kong’s new law

China has introduced a new national security law for Hong Kong. The BBC’s Michael Bristow takes a closer look at the detail, and what it will mean in practice. Lawyers and legal experts have said China’s national security law for Hong Kong will fundamentally change the territory’s legal system. It introduces new crimes with severe […]

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Living in Florida and Texas as virus cases surge

People in Florida and Texas – where new coronavirus infections are ballooning – have described their opinions about the pandemic and their leaders decisions to restart the economy before defeating the virus. Jay Martinez, 21, South Florida I am worried about the situation in the entire world, not just my hometown of Pembroke Pines, Florida. […]

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WHO warns some nations still face 'long, hard' battle with COVID-19

GENEVA (Reuters) – Nations who fail to use every mechanism available to combat the still-raging novel coronavirus will struggle to beat it, the World Health Organization (WHO) said on Wednesday. “Some countries … have taken a fragmented approach. These countries face a long, hard road ahead,” Director General Tedros Adhanom Ghebreyesus told a virtual briefing […]

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