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☆ US lawmakers urge FTC to finalize new consumer protections for car buyers
▼ + stars: | 2023-06-22 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, June 21 (Reuters) - A group of 17 Democratic U.S. lawmakers on Wednesday urged the Federal Trade Commission to finalize new consumer protections for car buyers despite objections from auto dealers who argue the rules would actually raise the cost of buying a car. They argued that "unfair and deceptive practices involving motor vehicle dealers have widespread consequences." The lawmakers said the FTC should require dealers to provide a legally enforceable "Offering Price" "that includes all pre-installed and mandatory add-on products" and finalize regulations prohibiting specific misrepresentations, among other reforms. The FTC wants to ban fees for add-on products and services that provide no consumer benefits like "nitrogen-filled" tires that contain no more nitrogen than normal air. "Dealers also pack vehicle sales with mandatory and price-inflated add-ons, increasing the cost and creating further confusion and uncertainty about a vehicle’s ultimate price," the lawmakers wrote.

Persons: Ed Markey, Ron Wyden, Cory Booker, Brian Schatz, Elizabeth Warren, Richard Blumenthal, Pramila Jayapal, David Shepardson, Chris Reese, David Gregorio, Leslie Adler Organizations: Democratic U.S, Wednesday, Federal Trade Commission, FTC, Reuters, National Automobile Dealers Association, Center for Automotive Research, Alliance, Automotive Innovation, General Motors, Toyota, Volkswagen, Thomson

☆ Green alliance crisis is more than just a US drama
▼ + stars: | 2023-06-19 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

Back in March the Net-Zero Insurance Alliance (NZIA) boasted 30 members, representing about 15% of global premium volume. Now the NZIA, a key financial forum for insurers to set decarbonisation targets and a part of the Glasgow Financial Alliance for Net Zero (GFANZ), has shrunk to just 13 companies. Even those who choose to stay in the NZIA risk losing business due to state politicians pursuing a “war on woke”. NZIA, part of the Glasgow Financial Alliance for Net Zero set up by U.N. climate envoy Mark Carney, requires members to commit to reducing their greenhouse gas emissions. In rapid succession Japanese insurers Sompo Holdings, MS&AD and Tokio Marine as well as Australia’s QBE Insurance quit the net-zero alliance in late May.

Persons: Beneva, Mark Carney, French reinsurer Scor, Lloyd’s, John Neal, George Hay, Oliver Taslic Organizations: Reuters, Global, United Nations, Zero Insurance, Glasgow Financial Alliance, Zero Banking Alliance, Alliance, European Union, Reuters Graphics Reuters, ”, Zurich Insurance, Munich Re, Hannover Re, Allianz, Axa, French, Sompo Holdings, Tokio Marine, QBE Insurance, Thomson Locations: United, United States, Germany, NZIA, Munich, Tokio, London

☆ Canada just seized one of Russia's dwindling supply of massive heavy-lift cargo planes
▼ + stars: | 2023-06-16 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

The aircraft was an Antonov An-124, one of the biggest transport aircraft in the world. It was one of the few heavy-lift transport aircraft that Russia's military still has in operation. This month, Canada confiscated an Antonov An-124, one of the biggest transport aircraft in the world. Soon afterward, Canada closed its airspace to Russian aircraft in response to Moscow's attack on Ukraine on February 24. A Volga Dnepr Airlines Antonov An-124 grounded at Canada's Pearson International Airport in May 2022.

Persons: Antonov, —, Canada's, Steve Russell, Putin's, Ruslan Kaniuka, Jan Woitas, Antonov —, Michael Peck Organizations: Service, Pearson Airport, Volga Dnepr, Volga Dnepr Airlines Antonov, Canada's Pearson International Airport, Toronto Star, Getty, Wall Street, Dnepr Airlines LLC, Dnepr Group, Canada, Crown, Government, Kyiv, Antonov, Publishing, Soviet, Royal United Services Institute, International Institute for Strategic Studies, Russian Air Force, NASA, SpaceX, NATO, Soviets, Defense, Foreign Policy, Twitter, LinkedIn Locations: Canada, Russian, Toronto, Ukraine, Volga Dnepr Airlines, Volga, Hostomel, Soviet, British, Russia, Afghanistan, Iraq, Ukrainian, Crimea, Forbes

☆ Canada freezes deportation of Indian students who used fraudulent university letters
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +3 min

OTTAWA, June 14 (Reuters) - Canada will freeze the planned deportation of dozens of students who entered the country using fraudulent university letters of acceptance, Immigration Minister Sean Fraser said on Wednesday. Fraser spoke after the Canadian Broadcasting Corp reported in March that several students from India had been served deportation papers for using forged documents to enter Canada in an alleged immigration scheme. Official data show there were more than 800,000 foreign students with active visas in Canada in 2022. Canada is a popular destination for international students since it is relatively easy to obtain a work permit. The Migrant Workers Alliance for Change has been supporting the students, saying they have spent years in Canada.

Persons: Sean Fraser, Fraser, fraudsters, Sarom Rho, David Ljunggren, Aurora Ellis Organizations: OTTAWA, Immigration, Canadian Broadcasting Corp, Canada, Canada Border Services Agency, CBC, Migrant Workers Alliance, Thomson Locations: Canada, India

☆ Automaker group urges US EPA to 'ease up' on vehicle emissions rules
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, June 12 (Reuters) - The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to "ease up" on its aggressive proposal to sharply cut vehicle emissions through 2032, saying it could benefit China. Alliance for Automotive Innovation CEO John Bozzella said Monday the "EPA should ease up and reassess this rule before it helps cement China’s place in the U.S. auto market." He predicted that if the EPA regulations are too tough, China will gain "a stronger foothold in America’s electric vehicle battery supply chain and eventually our automotive market." Reporting by David Shepardson; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: John Bozzella, David Shepardson, Jonathan Oatis Organizations: U.S . Environmental Protection Agency, China, Alliance, Automotive Innovation, Thomson Locations: U.S, China

The "Dana Desa" village fund introduced by President Joko Widodo in 2015 and valued at $4.7 billion this year has long been criticised as prone to corruption. "So it's reasonable if the use of the village fund is somewhat loose and anyone can do what they want with it." ILLEGAL ARMSIt is unclear how much of the $337 million in village funds allocated for the Papua region in 2023 is being diverted into arms. "I have never seen a project funded by the village fund, not at all," said Bernadus Kobogau, a tourism official in Intan Jaya. In Papua's highlands, village funds are treated like a "revolutionary tax", he said, commandeered either via intimidation and coercion, or given willingly by supporters of independence.

Persons: Dana, Joko Widodo, Phillip Mehrtens, Ignatius Benny Ady Prabowo, Dana Desa, Faizal Ramadhani, Sebby Sambom, Bernadus Kobogau, Deka Anwar, Anwar, Latifah Anum Siregar, makan tuan, Stefanno Sulaiman, Lincoln Organizations: Reuters, Indonesia Corruption Watch, West Papua National Liberation Army, Free Papua Movement, Institute for, Democracy Alliance for Papua, Thomson Locations: JAKARTA, Indonesian, Papua, New Zealand, Jakarta, Indonesia, Nduga, Intan Jaya, Nabire

☆ Medicare will require data on patient use for approved Alzheimer's drugs
▼ + stars: | 2023-06-01 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +3 min

Leqembi received accelerated approval from the FDA in January, based on limited evidence suggesting it would slow cognitive decline in early Alzheimer's patients. A panel of FDA advisers will discuss whether Leqembi should receive traditional approval next week, and a decision could come by early July. Medicare, the government health plan for Americans 65 and over, currently pays for Leqembi only if patients are enrolled in a clinical trial. Such "coverage with evidence development" requirements are rare and historically used by Medicare to evaluate medical devices rather than drugs. To receive Medicare coverage, people will need to be diagnosed with mild cognitive impairment or early dementia caused by Alzheimer's and have a qualified physician participating in a registry.

Persons: Biogen, Leqembi, Eisai, Eli Lilly, Co's, Eli Lilly's, Alzheimer's, Sue Peschin, Manas Mishra, Leroy D'souza, Bill Berkrot Organizations: U.S, Eisai Co, FDA, Medicare, Centers, Medicaid Services, CMS, Alzheimer’s Association, Alliance for Aging Research, Thomson Locations: Bengaluru

[1/3] Kemal Kilicdaroglu, presidential candidate of Turkey's main opposition alliance, gestures after speaking following early exit poll results for the second round of the presidential election in Ankara, Turkey May 28, 2023. According to some party members, analysts and voters, Kilicdaroglu, the opposition presidential candidate in Sunday's runoff vote, will need to immediately re-focus on maintaining control of Turkey's big cities in the municipal elections. Instead Erdogan, modern Turkey's longest-serving leader, will extend his increasingly authoritarian rule into a third decade, backed by a majority for his alliance in parliament. Meanwhile the Republican People's Party (CHP), which Kilicdaroglu leads, holds internal discussions this week in Ankara to pick up the pieces. The broader six-party opposition alliance convened after Sunday's election results came in.

☆ Chinese apps remain hugely popular in the U.S. despite efforts to ban TikTok
▼ + stars: | 2023-05-29 | by ( Lauren Feiner | ) www.cnbc.com time to read: +15 min

But while TikTok has been the one in the spotlight, other Chinese apps that present similar issues are also experiencing massive popularity in the U.S. Gorman said as the U.S. considers the threat posed by TikTok, it will also need to develop a framework for how to evaluate the relative risk of Chinese apps. But in the meantime, U.S. consumers continue to turn to Chinese apps. "And then of course, there's the early growth of Lemon8, which suggests that the appetite for Chinese apps in the U.S. is still growing." And some say the most effective long-term solution for curbing the use of Chinese apps may be fostering an environment for robust alternatives to grow.

A new electoral system means New Democracy fell just shy of an absolute majority, paving the way for coalition talks this week though a second vote in June is more likely. Prime Minister Kyriakos Mitsotakis emerged stronger despite a wiretapping scandal, the COVID pandemic, a cost of living crisis and a deadly rail crash in February which triggered public outrage. "I think what Syriza missed was the willingness of the electorate to move away from the crisis politics era. That is what Mitsotakis understood whereas Syriza didn't," said Wolfango Piccoli, co-president of political risk advisory at Teneo. Another leftist party, MeRA25, led by Varoufakis, used a similarly cryptic slogan "Alliance for the Rupture".

☆ The good, bad and ugly about BMI
▼ + stars: | 2023-05-22 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

Short for body mass Index, BMI is nothing more than a crude measurement of a person’s body fat based on height and weight. Yet critics say the term BMI has become a societal judgment by lumping individuals into arbitrary categories that perpetuate misconceptions about body weight. “Yet it has become completely medicalized that health equals weight, weight equals health based on BMI. Conversely, BMI can underestimate body fat in older adults and anyone who has lost muscle, according to the Harvard T.H. More conundrums: Women naturally have more body fat and less muscle mass than men, while some racial and ethnic groups are genetically predisposed to carry more or less lean muscle mass and body fat.

☆ China walks a tightrope, searching for a Ukraine peace deal that gets around defeat for its ally Russia
▼ + stars: | 2023-05-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Russian President Vladimir Putin and Chinese President Xi Jinping at a signing ceremony after their talks at the Kremlin in Moscow on March 21, 2023. "Russia is an increasingly important partner for [Chinese President] Xi Jinping. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. Ukraine's President Volodymyr Zelenskyy speaks with Chinese President Xi Jinping via phone line, in Kyiv on April 26, 2023. As such, China's move to broker peace between Russia and Ukraine is not seen as an altruistic one but motivated by self-interest.

May 17 (Reuters) - Federal appeals court judges appeared to express support on Wednesday for opponents of the abortion pill mifepristone to pursue their challenge to its U.S. approval, which has potentially far-reaching consequences for abortion access across the country. Circuit Court of Appeals in New Orleans to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's approval. [1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. Circuit Judges James Ho and Wilson were appointed by Donald Trump. SAFE AND EFFECTIVEMifepristone remains available for now, following an emergency order from the U.S. Supreme Court putting Kacsmaryk's order on hold during the appeal.

[1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. REUTERS/Evelyn Hockstein/File PhotoMay 17 (Reuters) - U.S. appeals court judges began hearing arguments on Wednesday in a legal battle over the availability of the abortion pill mifepristone, with potentially far-reaching consequences for abortion access across the United States. Circuit Court of Appeals in New Orleans to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's approval. Danco Laboratories, which sells the drug under the brand name Mifeprex, is also expected to argue before the court. The emergency room doctors said they were being forced to complete surgical abortions, which was against their conscience, for women who took the pill and failed to complete a medical abortion.

☆ Access to abortion pill mifepristone at stake in federal appeals court hearing
▼ + stars: | 2023-05-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

Evelyn Hockstein | ReutersA federal appeals court will hear arguments Wednesday afternoon in a closely watched lawsuit that seeks to pull the abortion pill mifepristone from the U.S. market. The hearing at the U.S. 5th Circuit Court of Appeals in New Orleans comes 11 months after the Supreme Court ruled there was no longer a federal constitutional right to abortion. But if it refuses to hear an appeal, the 5th Circuit decision will be the final word on the drug's fate. Days later, the DOJ appealed Kacsmaryk's decision to the 5th Circuit, which handles cases arising from the Northern District of Texas. He said the Supreme Court will likely agree to take the case if the 5th Circuit panel decides to pull mifepristone from the U.S. market.

☆ The US has a new friend in the Mediterranean that could help it isolate Russia, but not everybody in NATO is happy about it
▼ + stars: | 2023-05-17 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Cyprus long had close ties with Russia, but it has turned to the West in recent years. John YountzHowever, Nicosia has been moving away from Russia and pursuing a closer relationship with the US. "We keep a strong military-to-military relationship with Cyprus," Cavoli said. Unhappy neighborsA UN peacekeeper looks at a map of the buffer zone between the Republic of Cyprus and the Turkish Republic of Northern Cyprus in Nicosia in April 2021. ROY ISSA/AFP via Getty ImagesBurgeoning US-Cyprus ties would appear to benefit NATO, but not all of the alliance's members are happy about it.

[1/2] A patient prepares to take Mifepristone, the first medication in a medical abortion, at Alamo Women's Clinic in Carbondale, Illinois, U.S., April 20, 2023. REUTERS/Evelyn Hockstein/File PhotoMay 17 (Reuters) - A federal appeals court in New Orleans will hear arguments on Wednesday in a closely watched case brought by anti-abortion activists seeking to ban the abortion pill mifepristone, with potentially far-reaching impact on abortion access across the United States. Circuit Court of Appeals to overturn last month's unprecedented ruling by U.S. District Judge Matthew Kacsmaryk in Amarillo, Texas suspending mifepristone's FDA approval. Mifepristone remains available for now, following an emergency order from the U.S. Supreme Court putting Kacsmaryk's order on hold during the appeal. Whichever way the 5th Circuit panel rules, the decision is sure to be appealed, first to the full court and then to the U.S. Supreme Court.

☆ American jailed for spying by China rubbed shoulders with senior Chinese officials, CNN reporting shows, CNN reporting shows
▼ + stars: | 2023-05-16 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“He’s a very famous person, known by many overseas Chinese in the southern US,” Tang said. Reports published by Chinese-language media in Texas and China’s state media show Leung’s long-running access to senior Chinese officials. In 2014, he met with the director of Jiangsu Provincial Overseas Chinese Affairs Office during a visit to Nanjing, the provincial capital. This photo shows John Leung with Wang Hua, the former director of Jiangsu Provincial Overseas Chinese Affairs Office. It also comes as American and Chinese officials are resuming high-level engagements since a dispute over a suspected Chinese spy balloon shattered efforts to mend ties earlier this year.

☆ G7 plans new vaccine effort for developing nations, Yomiuri reports
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 13 (Reuters) - The Group of Seven (G7) rich nations is set to agree on establishing a new programme to distribute vaccines to developing countries at next week's summit of leaders, Japan's Yomiuri newspaper said on Saturday. In addition to the G7, G20 nations such as India and international groups such as the World Health Organization (WHO) and the World Bank will participate, it added, citing Japanese government sources. However, COVAX faced setbacks in ensuring equitable access, as wealthy nations prioritised shots for their citizens while insufficient storage facilities in poorer nations caused supply delays and disposal of millions of close-to-expiry doses. The new program aims to pool rainy-day funds for vaccine production and purchases, as well as investment in low-temperature storages and training of health workers to prepare for the next global pandemic, the Yomiuri said. Saturday's meeting of G7 finance ministers agreed to offer aid to low- and middle-income countries to help increase their role in supply chains for energy-related products.

☆ Turkey votes in pivotal elections that could end Erdogan's 20-year rule
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +4 min

The election takes place three months after earthquakes in southeast Turkey killed more than 50,000 people. The pro-Kurdish Peoples' Democratic Party (HDP) is not part of the main opposition alliance but fiercely opposes Erdogan after a crackdown on its members in recent years. Kilicdaroglu, a 74-year-old former civil servant, promises that if he wins he will return to orthodox economic policies from Erdogan's heavy management. Human Rights Watch, in its World Report 2022, said Erdogan's government has set back Turkey's human rights record by decades. If he wins, Kilicdaroglu faces challenges keeping united an opposition alliance that includes nationalists, Islamists, secularists and liberals.

☆ On final day of campaign, Erdogan accuses Turkish opposition of working with Biden
▼ + stars: | 2023-05-13 | by ( Ali Kucukgocmen | ) www.reuters.com time to read: +6 min

Polls show Erdogan trailing the main opposition candidate Kemal Kilicdaroglu a day ahead of one of the most consequential elections in Turkey's modern history. Erdogan also criticised Kilicdaroglu for his comments on Russia, calling Moscow an important partner for Turkey. [1/3] Turkish President Tayyip Erdogan holds a present for supporters ahead of the May 14 presidential and parliamentary elections, in Istanbul, Turkey May 13, 2023. REUTERS/Dylan Martinez 1 2 3Turkey's Western allies have been irked by closer ties between Ankara and Moscow under Erdogan. Kilicdaroglu is a "separatist," Erdogan later said in Kasimpasa, an AK Party stronghold where he grew up.

☆ US oil lobby blasts EPA emissions cuts plan, California likes it
▼ + stars: | 2023-05-10 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, May 10 (Reuters) - The largest U.S. oil and gas trade lobby group said on Wednesday it believes sharp emissions cuts proposed by the U.S. Environmental Protection Agency (EPA) would result in the elimination of new internal combustion vehicles. Just said the rules would "eliminate the opportunity to improve" internal combustion and hybrid technologies "and create an outsized reliance on battery materials from other countries to meet United States' transportation needs." They testified the second day of the EPA's virtual public hearings on its aggressive proposal for cutting U.S. vehicle emissions for 2027-2032 model years. The plan would require 13% annual average pollution cuts and a 56% reduction in projected fleet average emissions over 2026 requirements. The EPA estimates the plan would result in 60% of new vehicles by 2030 being electric and 67% by 2032.

☆ Automakers say proposed US emissions rules pose challenges
▼ + stars: | 2023-05-09 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, May 9 (Reuters) - An auto trade group warned on Tuesday that aggressive U.S. targets for reductions in vehicle emissions may rely on a too rapid transition to electric vehicles (EVs) and pose significant challenges with manufacturing and supply chains. The U.S. Environmental Protection Agency (EPA) has proposed sharp emissions cuts that it estimates would result in 60% of new vehicles by 2030 being electric and 67% by 2032. The EPA proposal, if finalized, represents the most aggressive U.S. vehicle emissions reduction plan to date, requiring 13% annual average pollution cuts and a 56% reduction in projected fleet average emissions over 2026 requirements. Some say EPA should have proposed tougher rules. "These proposed rules effectively require an additional 10-fold sales increase in a mere eight years," the automaker group wrote.

☆ Check out the pitch deck that brand safety startup Barometer used to raise its $2.25 million in seed funding
▼ + stars: | 2023-05-08 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

Startup Barometer wants to help advertisers identify brand-safety issues in podcast shows. Barometer is looking to potentially also launch brand safety tools for user-generated video and Substack. But if advertisers are to invest, they'll need tools that show their ads appeared next to brand-safe content. The company plans to raise another round of funding, which it will use to expand internationally and review non-English languages. Here are select slides that helped Barometer raise its seed round.

☆ Russia to hold Victory Day parade amid tight security after drone attacks
▼ + stars: | 2023-05-08 | by ( Gareth Jones | ) www.reuters.com time to read: +4 min

[1/5] Russian service members march in columns before a rehearsal for a military parade, which marks the anniversary of the victory over Nazi Germany in World War Two, in Moscow, Russia May 7, 2023. Russia is also reeling from drone attacks, including one on the Kremlin on May 3 which it said was an attempt to assassinate President Vladimir Putin. Putin has repeatedly likened the Ukraine war - which he casts as a battle against "Nazi"-inspired nationalists - to the challenge the Soviet Union faced when Hitler invaded in 1941. Kyiv says this is absurd and accuses Russia of behaving like Nazi Germany by waging an unprovoked war of aggression and seizing Ukrainian territory. However, reflecting increased security concerns caused partly by the drone attacks, authorities have cancelled the traditional flyover.

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