Chinese state media reports people alive inside the hull of a passenger ferry which sank on the Yangtze river. Paul Chapman reports.
Stellar earnings from the 'Magnificent Seven' duo have reignited optimism for a rally, but the PCE inflation print could put a spoke in the wheel.
(Reuters) -AbbVie raised its annual profit forecast on Friday after strong sales of its immunology drug Skyrizi and cancer drug Imbruvica helped the company beat Wall Street estimates for the first quarter. Shares of AbbVie rose nearly 2.5% in premarket trading. The company now expects adjusted profit of between $11.13 and $11.33 per share for this year, compared with $10.97 to $11.17 estimated earlier.
In 2021, police officers arrested a woman after she offered undercover agents counterfeit Botox injections in a makeshift medical office she had set up in a Los Angeles hotel room. A year later, a California-based doctor pleaded guilty to hiding from patients that the drugs she had injected them with were not name-brand Botox, but unapproved versions she bought online. Now, federal and state health officials are investigating a spate of illnesses linked to counterfeit or improperly administered
WASHINGTON — The Supreme Court’s conservative majority appeared ready on Thursday to rule that former presidents have some degree of immunity from criminal prosecution, a move that could further delay the criminal case against former President Donald Trump on charges that he plotted to subvert the 2020 election. Such a ruling would most likely send the case back to the trial court, ordering it to draw distinctions between official and private conduct. It would amount to a major statement on the
The group argues that Trump should be consulted on rate decisions and would have the authority to remove Jerome Powell as Fed Chair before his term ends in 2026, the report added. Trump had picked Powell in 2017 to lead the U.S. central bank but turned against him soon after.
A Ukrainian court on Friday ordered the detention of the country’s farm minister in the latest high-profile corruption investigation, while Kyiv security officials assessed how they can recover lost battlefield momentum in the war against Russia. Ukraine’s High Anti-Corruption Court ruled that Agriculture Minister Oleksandr Solskyi should be held in custody for 60 days, but he was released after paying bail of 75 million hryvnias ($1.77 million), a statement said. Ukraine’s National Anti-Corruption Bureau suspects Solskyi headed an organized crime group that between 2017 and 2021 unlawfully obtained land worth 291 million hryvnias ($6.85 million) and attempted to obtain other land worth 190 million hryvnias ($4.47 million).
Chinese President Xi Jinping on Friday told top US diplomat Antony Blinken that the world's biggest economies should be "partners, not rivals" as the two sides pressed for headway on a range of concerns. "The two countries should be partners, not rivals," Xi said.
Scotland's leader cancelled a speech Friday as he fights for his political life in the wake of his decision to pull the plug on a three-year power-sharing agreement, a move that has exposed the government to peril. First Minister Humza Yousaf of the Scottish National Party was due to deliver a major speech on Scotland's independence from the U.K., but that has been cancelled following the furor surrounding his decision to tear up the power-sharing deal with the much smaller Greens on Thursday. Without the support of the Greens, the SNP is two seats shy of a majority of lawmakers in the Scottish Parliament, meaning it can only get legislation and its budget through with the support of other parties.
House Republicans’ majority could tighten by another vote after Tuesday’s special congressional election in Buffalo — at least, temporarily. Voters are choosing a replacement for Democrat Brian Higgins, a longtime House member who cited the “slow and frustrating” pace of Congress before resigning in February. Democrats have a long record of success in the 26th Congressional District, and their nominee is highly favored to win on Tuesday.
A court on Friday sentenced a Syrian woman to life in prison for a deadly explosion on a busy shopping district in Istanbul in 2022, Turkey's state-run news agency reported. Alham Albashir was given seven consecutive life sentences after being convicted on terrorism charges. The blast on Nov. 13, 2022 tore through Istiklal Avenue, a thoroughfare in Istanbul lined with shops and restaurants, killing six people, including two children, and wounding 99 others.
The head of Vietnam’s parliament has resigned, according to state media, making him the latest senior member of government to leave office amid an ongoing anti-corruption campaign.. Vuong Dinh Hue's resignation took place days after his assistant Pham Thai Ha was arrested on charges of abusing his position and power for personal gain on April 21, according to state media outlet VN Express. Vietnam’s Communist Party accepted what it called Hue’s voluntary resignation, according to VN Express.
Students at a prestigious university in Paris resumed pro-Palestinian protests on Friday, inspired by Gaza solidarity encampments at campuses around the United States, two days after French police broke up another demonstration. About 40 people remained in a building overnight in defiance of administrators who students say called the police on their peers two days earlier.
Exxon Mobil's profit declined in its first quarter as natural gas prices fell and industry refining margins dropped. The energy company earned $8.22 billion, or $2.06 per share, for the three months ended March 31. The results didn't meet Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as assets sales.
(Reuters) -The U.S. Food and Drug Administration approved Pfizer's gene therapy for hemophilia B on Friday, the second such therapy for the rare bleeding disorder that typically requires regular infusions of a blood-clotting protein. People with hemophilia have a fault in a gene that regulates production of proteins called clotting factors, which can cause spontaneous as well as severe bleeding following injuries or surgery.
London's stock market fired its way to another record peak on Friday, with investors gripped by a series of eye-catching takeovers this week for listed UK companies.We've had new record highs, yet more takeover action, and everyone is talking about UK stocks in a positive way," said Russ Mould, investment director at AJ Bell.
The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under stricter safety curbs.The company joins Facebook, TikTok, X, YouTube in a list of 23 "very large online platforms", which have more than 45 million monthly active users in the European Union.
Sweden should increase its military budget by nearly 54 billion kronor ($5 billion) until 2030 to strengthen its air defenses and beef up the number of conscripts, a Swedish parliamentary committee recommended Friday. The report by the Defense Committee which is made up of representatives of the eight political parties sitting in the Swedish parliament, said that NATO membership and the serious security situation require higher ambitions. “An armed attack against Sweden or our allies cannot be ruled out,” the commission said in its report entitled “Strong defense capability, Sweden as an ally.”
The vast amount of rubble including unexploded ordnance left by Israel's devastating war in the Gaza Strip could take about 14 years to remove, a United Nations official said on Friday. Israel's military campaign against Gaza's ruling Palestinian Islamist group Hamas has reduced much of the narrow, coastal territory of 2.3 million people to a wasteland with most civilians homeless, hungry and at risk of disease. Pehr Lodhammar, senior officer at the United Nations Mine Action Service (UNMAS), told a briefing in Geneva that the war had left an estimated 37 million tons of debris in the widely urbanised, densely populated territory.
The U.S. government's auto safety agency is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road. The National Highway Traffic Safety Administration says in documents posted on its website Friday that Tesla has reported additional crashes involving Autopilot since the recall, raising concerns at the agency about the effectiveness of the remedy. The recall involved more than 2 million vehicles, nearly all the vehicles that Tesla had sold at the time.
Sergei Shoigu, Russia's defence minister, has tried to send a "business as usual" message since his deputy was arrested on a bribery charge. On the surface, the timing of the detention on Tuesday of Timur Ivanov, one of Shoigu's 12 deputy ministers, was unexpected, coming when Russia is waging war in Ukraine and the authorities have made discrediting the army a jailable offence. Allegations of graft funding a lifestyle way beyond his means made against 48-year-old Ivanov by the late opposition politician Alexei Navalny's anti-corruption foundation had been in the public domain for more than a year with no apparent fallout.
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