Author: IA PressRoom

Banks and companies around the world have long complained about the extraterritorial reach of US regulation — that they are forced to adopt rules made in Washington. Now Wall Street is playing the injured party. Next month, US banks and brokers with European clients are scrambling to cope with losing a US “free pass” that protected them from the regulatory effects at home of following EU rules on how their research is paid for by clients. The so-called Mifid II rules were brought in by the EU in 2018, delivering a fundamental shake-up in the way the broking business works. In the…

© Reuters. FILE PHOTO: A general view of city’s skyline, amid the country’s economic crisis in Colombo, Sri Lanka, April 19, 2022. REUTERS/Dinuka Liyanawatte By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the South Asian nation is starting to emerge from its worst economic crisis in decades. The island off India’s southern coast plunged into crisis last year as its foreign exchange reserves ran out. The government limited imports on more than 3,200 items, including seafood, electronics, and even musical instruments. Its fortunes have improved…

Advisers to the U.S. Food and Drug Administration on Friday voted unanimously in favor of the Eisai Co. Ltd. and Biogen Alzheimer’s treatment Leqembi, saying that a clinical study had verified its benefit. Eisai ESALF, +9.35% shares jumped on the news and finished the day up 9.4%. Biogen BIIB, +1.31% stock trading was halted Friday during the advisory committee meeting. Leqembi, also known as lecanemab, is a monoclonal antibody designed to reduce the buildup of amyloid beta plaque in the brain, a hallmark of Alzheimer’s disease.  The treatment in January got a green light under the FDA’s accelerated approval program,…

Anthony Bourdain was a maverick chef who helped change the food industry. His death on June 8, 2018, shocked the food world. Here are five ways Bourdain changed the way many people eat and think about food. 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 The name Anthony Bourdain evokes many emotions. From his groundbreaking book “Kitchen Confidential” to his distinctive travel shows to his death by suicide in a French hotel, Bourdain’s life was filled with intrigue, humor, and ultimately, monumental sadness.Five years…

© Reuters. FILE PHOTO: Essity sign is seen in Stockholm, Sweden May 23, 2019. REUTERS/Anna Ringstrom/File Photo (Reuters) – Swedish hygiene products group Essity has divested its operations in Russia, the company said in a statement on Saturday. The company said it did not expect to see a material financial impact from the winding down of its Russian business. Essity has signed an agreement with a buyer and the transaction has been approved by the Russian authorities, it said, adding that the deal was expected to be finalised during the second quarter of 2023. The world’s second-biggest consumer tissue maker…

After months of anticipation, Ukraine’s forces — newly trained on complex warfare tactics and armed with billions of dollars in sophisticated Western weaponry — launched operations on multiple fronts in the past week in an effort to dislodge entrenched Russian military units, a counteroffensive that many officials in the United States and Europe say could be a turning point in the 15-month war.Much rides on the outcome. There is little doubt the new military drive will influence discussions of future support for Ukraine as well as debates about how to guarantee its future. What remains unclear, though, is exactly what…

Rail Vision gets Nasdaq notice on minimum bid requirements

SAN FRANCISCO, CA – SEPTEMBER 10: Sequoia Capital Partner Roelof Botha judges onstage the Startup … [+] Battlefield Finals at TechCrunch Disrupt at Pier 48 on September 10, 2014 in San Francisco, California. (Photo by Steve Jennings/Getty Images for TechCrunch)getty A quote I often like to deploy comes from Jagdeesh Bhagwati, one of the leading policy ‘lights’ and advocates of free trade at the start of this period of globalization who said that American multinationals were the ‘B-52’s of globalization’. It was a fitting image for an economist who counselled the likes of the GATT and other world institutions to…

© Reuters. FILE PHOTO: Hedge fund manager Crispin Odey sits in a vehicle departing Westminster Magistrates’ Court, after being found not guilty of indecent assault, during a three-day long trial in London, Britain, March 11, 2021. REUTERS/John Sibley By Nell Mackenzie, Sinead Cruise and Naomi Rovnick LONDON (Reuters) – Big banks and investors quickly sought to distance themselves from Odey Asset Management after allegations of sexual misconduct by its founder, yet for some in the City of London signs of a deeper change in culture are still scant. The Financial Times and Tortoise Media reported on Thursday that 13 women…

The smoke is finally clearing in New York City, but it got many people thinking about how they will protect themselves from polluted air in the future. Air purifiers can help, but most people need to leave their homes at some point, and they’re looking for technology they can take with them.   The terrible air quality in much of the Northeast over the past week that resulted from Canadian wildfires had some people considering Dyson’s $900 air-purifying mask-and-headphone combination.  Twitter user @Rjey tweeted that “only Dyson can save us from Toronto’s terrible air pollution” along with an image of a…