News
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Rapper Kid Cudi takes witness stand at Sean 'Diddy' Combs' sex trafficking trial
By Luc Cohen NEW YORK, May 22 (Reuters) - Rapper Scott "Kid Cudi" Mescudi took the stand on Thursday to testify as a prosecution witness at hip-hop mogul Sean "Diddy" Combs' sex trafficking trial. Mescudi, 41, is expected to tell a panel of 12 jurors and six alternates in Manh...Reuters
Thu, May 22
Mexico's Sheinbaum had call with Trump about trade
MEXICO CITY, May 22 (Reuters) - Mexican President Claudia Sheinbaum said she spoke with U.S. President Donald Trump on Thursday morning, highlighting "good communication" with her U.S. counterpart. "We continue having conversations about trade issues, nothing in particular but we are sti...Reuters
Thu, May 22
Israelis feel besieged by global antisemitism after Washington attacks
Fatal shooting in Washington horrifies IsraelisFears of copycat attacksAttack could generate sympathy for Netanyahu governmentBy Dedi Hayun, Emily Rose and Madeline Chambers JERUSALEM, May 22 (Reuters) - When Jerusalem resident Ziv Halsband woke up to news that two staff members of the Israeli em...Reuters
Thu, May 22
US judge blocks Trump administration plan to gut Education Department
BOSTON, May 22 (Reuters) - A federal judge ordered the Trump administration on Thursday to reinstate more than 1,300 U.S. Department of Education employees who Democratic-led states argued were being terminated in mass as part of an effort to dismantle the agency.U.S. District Judge Myong Joun in Bo...Reuters
Thu, May 22
DIARY-Political and General News Events from May 22
May 22 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
Thu, May 22
Canada 13-day cash management bill auction yields average 2.728%
May 22 (Reuters) - CANADA 13-DAY AUCTION OF FUNGIBLE CASH MANAGEMENT BILLS YIELDS AVERAGE 2.728%CANADA 15-DAY AUCTION OF NON-FUNGIBLE CASH MANAGEMENT BILLS YIELDS AVERAGE 2.723%Source text: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/cash-manageme...Reuters
Thu, May 22
France rejects Israeli comments accusing European officials of antisemitic incitement
PARIS, May 22 (Reuters) - France rejects Israeli comments accusing some European officials of antisemitic incitement, Foreign Ministry spokesman Christophe Lemoine told reporters at a weekly news conference, adding these comments were "unjustified" and outrageous"."France has condemn...Reuters
Thu, May 22
Italy fully supports EU efforts to stop Russian gas imports by 2027
ROME, May 22 (Reuters) - Italy fully supports European Union efforts to stop Russian gas imports into the bloc by 2027, the country's Energy Minister Gilberto Pichetto Fratin said on Thursday.Italy last year imported a small quantity of Russian gas which was mainly exported towards Austria, the ...Reuters
Thu, May 22
Generali enlists advisers for Mediobanca's $7.1 billion bid for Banca Generali
MILAN, May 22 (Reuters) - Italy's top insurer Generali GASI.MI appointed on Thursday Deloitte Financial Advisory and law firm Advant Ntcm as advisers for the bid launched by merchant bank Mediobanca for the private bank Banca Generali.Mediobanca MDBI.MI unveiled a plan to acquire Banca Generali ...Reuters
Thu, May 22
Exclusive: RB Jones Innovates unveils excess commercial auto liability program
RB Jones Innovates launches first program Ocean provides excess commercial auto liability cover to marine assureds Underwritten on AM Best A rated paper of Atain Insurance Companies Standalone excess liability limits of up to $1 million offered on an E&S basis In “active negotiations” with reins...Reuters
Thu, May 22
US should take Boeing to trial in 737 MAX fraud case, lawyer says
By Mike Spector, David Shepardson and Allison Lampert May 22 (Reuters) - The U.S. Justice Department should take Boeing to trial in a criminal fraud case stemming from two fatal 737 MAX crashes and reject a tentative deal to allow the planemaker to avoid prosecution, a lawyer for some of the vict...Reuters
Thu, May 22
US FDA advisers to weigh composition of COVID vaccines for 2025-2026
By Christy Santhosh and Puyaan Singh May 22 (Reuters) - The U.S. Food and Drug Administration's advisory panel is set to vote on Thursday to recommend whether COVID-19 vaccines for the 2025-2026 immunization campaign should target strains of the virus descending from the JN.1 variant.Accordin...Reuters
Thu, May 22
Exclusive: Foxquilt reshuffles leadership and targets US expansion
By Chris MunroMay 22 - (The Insurer) - Foxquilt has undergone a leadership change with Karim Jamal appointed CEO and Mark Morissette moving into a role focused on the company’s future development, which includes extending its reach in the U.S. Morisettes founded Toronto-headquartered Foxquilt in lat...Reuters
Thu, May 22
G7 draft pledges tackling 'excessive imbalances' in global economy, Bloomberg News reports
May 22 (Reuters) - Finance ministers and central bank governors from the Group of Seven nations pledged to address "excessive imbalances" in the global economy, Bloomberg News reported on Thursday, citing a draft communique. The finance leaders said there was a need for a common understandin...Reuters
Thu, May 22
G7 likely to have joint communique on Ukraine support, German finmin says
BANFF, Alberta, May 22 (Reuters) - German Finance Minister Lars Klingbeil said on Thursday the Group of Seven advanced economies will most likely have a joint communique showing its support for Ukraine.If Russia is not prepared to enter into serious negotiations with Ukraine, "we will consider f...Reuters
Thu, May 22
Split US Supreme Court blocks religious charter school
By John Kruzel WASHINGTON, May 22 (Reuters) - The U.S. Supreme Court on Thursday blocked a bid led by two Catholic dioceses to establish in Oklahoma the nation's first taxpayer-funded religious charter school in a major case involving religious rights in American education.The 4-4 ruling left...Reuters
Thu, May 22
Boeing back in 'dynamic' production mode, engine supplier Safran says
PARIS, May 22 (Reuters) - U.S. planemaker Boeing BA.N has returned to a more "dynamic" production profile after years of uncertainty surrounding setbacks to its 737 MAX passenger jet, the head of engine maker and key Boeing supplier Safran SAF.PA said on Thursday.Production of the benchmark ...Reuters
Thu, May 22
TREASURIES-US 30-year yields hit 19-month high tax on fiscal, debt supply concerns
By Karen Brettell NEW YORK, May 22 (Reuters) - Longer-dated Treasury yields gained on Thursday with 30-year yields reaching the highest in 19 months as a worsening fiscal outlook for the United States raises concerns about demand for U.S. government debt.The Republican-controlled U.S. House of Re...Reuters
Thu, May 22
Motor racing-Drivers hail Pitt's F1 movie as a hit after Monaco screening
By Alan Baldwin MONACO, May 22 (Reuters) - Formula One drivers declared Brad Pitt's new F1 movie a winner that would bring fresh fans to the sport after being given an exclusive pre-release screening at the Monaco Grand Prix.The Apple Original film, with action scenes filmed at race weekends ...Reuters
Thu, May 22
AM Best: NOAA database decommissioning will impede insurers’ tracking of secondary peril losses
By Michael LoneyMay 22 - (The Insurer) - The National Oceanic and Atmospheric Administration’s removal of the billion-dollar weather disaster database could impede insurance companies’ ability to track losses due to secondary perils, AM Best has warned.The NOAA disasters database will be archived bu...Reuters
Thu, May 22
