TOPNWS

Singapore’s Temasek cuts staff compensation after failed investment in FTX

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No misconduct on the part of Temasek’s investment team The team, senior management took “collective responsibility” Temasek did not provide details on the amount of the reduced compensation May 29 (Reuters) – Singapore’s Temasek Holdings ( TEM.UL ) said it has cut compensation for the team that recommended investing in now-bankrupt cryptocurrency exchange FTX and …

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Uganda introduces a harsh anti-LGBTQ law, including the death penalty

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The law punishes “aggravated homosexuality” with death. Widespread condemnation from the West LGBTQ activists vow to go to court KAMPALA, May 29 (Reuters) – Ugandan President Yoweri Museveni signed one of the world’s toughest anti-LGBTQ laws, including the death penalty for “aggravated homosexuality,” in defiance of Western condemnation and potential donor sanctions. Same-sex relationships were …

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Insurers flee climate alliance after US ESG backlash

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[1/2] The Kronebreen glacier and its crevasses are seen as the sun sets near Ny-Aalesund, Svalbard, Norway, April 10, 2023. REUTERS/Lisi Niesner NZIA chairman AXA, Allianz and SCOR leave union The group, convened by the United Nations, calls the future Some US Republicans have accused the NZIA of antitrust violations LONDON/FRANKFURT, May 25 (Reuters) – …

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US Supreme Court leaves protections for Internet companies intact

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[1/5] Visitors take photos outside the U.S. Supreme Court, where written opinions are expected to be issued today in pending, argued cases, in Washington, U.S., May 18, 2023. REUTERS/Kevin Lamarck May 18 (Reuters) – The U.S. Supreme Court handed two victories to the internet and social media on Thursday, leaving legal protections for them intact …

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US Supreme Court upholds Illinois assault weapons ban

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May 17 (Reuters) – The U.S. Supreme Court on Wednesday upheld a Democratic-backed ban on assault rifles and high-capacity magazines enacted in Illinois after a deadly mass shooting in the Chicago suburb of Highland Park in 2022, dealing a setback to arms rights defenders. The court denied a request by the National Gun Rights Association …

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Deletion of Credit Suisse bonds will not result in the payment of credit insurance

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LONDON, May 17 (Reuters) – Holders of Credit Suisse ( CSGN.S ) bond-linked credit insurance will not receive a payout after a commission that rules on disputes in the derivatives market said on Wednesday that the state merger of the bank with UBS is not a credit event. The Swiss bank was in March absorbed …

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A US appeals court will decide the fate of the abortion pill

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[1/2] A patient prepares to receive mifepristone, the first drug in medical abortion, at the Alamo Women’s Clinic in Carbondale, Illinois, U.S., April 20, 2023. REUTERS/Evelyn Hockstein/File Photo May 17 (Reuters) – A federal appeals court in New Orleans will hear arguments on Wednesday in a closely watched lawsuit brought by anti-abortion activists seeking to …

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Exclusive: G7 summit statement to target China’s ‘economic coercion’

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WASHINGTON, May 12 (Reuters) – Leaders of the Group of Seven (G7) countries are poised to discuss concerns about China’s use of “economic coercion” in its overseas dealings as part of their larger joint statement next week , according to a US official familiar with the discussions. The statement, likely to be part of an …

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Legal challenges threaten Biden’s border plan when Title 42 ends

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MATAMOROS, Mexico, May 12 (Reuters) – The U.S. on Friday ended the COVID-19 border restrictions that have stranded many migrants at the Mexican border, immediately replacing the so-called Title 42 order with a sweeping new asylum provision designed to prevented illegal crossing. But several last-minute lawsuits have added confusion to how the new border policies …

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France buys battery gigafactory with aggressive lobbying, incentives

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[1/2] French President Emmanuel Macron speaks with ProLogium CEO Vincent Yang during a meeting as part of the 5th edition of the Choose France Business Summit, at the Palace of Versailles,… Read more PARIS, May 11 (Reuters) – France beat off competition from Germany and the Netherlands for ProLogium’s first overseas car battery plant with …

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