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CAIRO (Reuters) - The International Monetary Fund said on Thursday it had agreed with Egypt on the key policy components of an economic reform programme, in a further sign that a final deal to augment the country's $3 billion loan is nearing completion. Ivanna Vladkova Hollar, the IMF mission chief for Egypt, said both sides had made "excellent progress" on the discussions of a comprehensive policy package that could kickstart long-delayed reviews of the country's economic reform programme. "To this end, the IMF team and the Egyptian authorities have agreed on the main policy elements of the program. The authorities expressed a strong commitment to act promptly on all critical aspects of Egypt's economic reform program," Hollar said in a statement. The Egyptian pound, fixed at 30.85 to the dollar since then, has been trading on the black market as low as 71 pounds.
Persons: Ivanna Vladkova Hollar, Hollar, Kristalina Georgieva, Hatem Maher, Jacqueline Wong, Leslie Adler Organizations: Monetary Fund, IMF Locations: CAIRO, Egypt, Israel, Gaza, Cairo
The U.S. conducted 67 nuclear bomb tests on the Marshall Islands from 1946 to 1958. In the late 1970s it deposited radioactive soil and debris from six of the islands into an unlined crater created by one of the tests. The Department of Energy, which in the report concurred with the recommendation, did not immediately respond to a request for comment. The Marshall Islands embassy in Washington did not immediately respond to a request for comment. It also examines radioactive contamination in Greenland resulting from U.S.
Persons: Timothy Gardner WASHINGTON, Tom Carper, Timothy Gardner, David Brunnstrom, Leslie Adler Organizations: U.S, Office, U.S . Congress, RMI, Department of Energy, DOE, GAO, Marshall, Democrat Locations: U.S, Republic, Marshall, Washington, Spain, Greenland
By Jack KimSEOUL (Reuters) -North Korea tested its new strategic cruise missiles for the second time in a week on Sunday, calling it a newly developed submarine-launched cruise missile (SLCM), accelerating its navy's nuclear armament, state news agency KCNA reported on Monday. Leader Kim Jong Un supervised the test of the missile, called "Pulhwasal-3-31," which is identical to the strategic cruise missiles that the North said last week were under development. South Korea's military said on Sunday that the North fired multiple cruise missiles off its coast but did not provide details. North Korea's ballistic missiles are typically more controversial and are explicitly banned under U.N. Security Council resolutions. But analysts have said intermediate-range cruise missiles were no less a threat than ballistic missiles and are a serious capability for North Korea.
Persons: Jack Kim SEOUL, KCNA, Kim Jong Un, Kim, Jack Kim, Andrew Cawthorne, Lisa Shumaker, Leslie Adler Organizations: . Locations: North Korea
By Ahmed AbouleneinWASHINGTON (Reuters) - The White House Medical Unit during the Trump administration provided prescription drugs, including controlled substances, to ineligible staff and spent tens of thousands of dollars more on brand-name drugs than what generic equivalents would have cost, a Pentagon report shows. The unit, part of the White House Military Office, did not comply with federal government and Department of Defense guidelines, the report, which was released on Jan. 8, found. Ineligible staffers received free specialty care and surgery at military medical facilities and were provided with prescription drugs including controlled substances, in violation of federal law, the report also found. "The White House Medical Unit's pharmaceutical management practices ineffectively used DoD funds by obtaining brand‑name medications instead of generic equivalents and increased the risk for the diversion of controlled substances," it said. Opioids and sleeping medications were not properly accounted for and were tracked using error-filled or unreadable handwritten records, the report said.
Persons: Ahmed Aboulenein WASHINGTON, Trump, ineffectively, Barack Obama, Donald Trump, Lester Martinez, Lopez, Ahmed Aboulenein, Leslie Adler Organizations: White, Medical Unit, Pentagon, Military Office, Department of Defense, Medical, Military Health
Deputy Prime Minister Oleg Serebrian made his comments on national radio as Moldova's pro-European government pressed ahead with its drive to secure European Union membership. "Returning to that format for a peaceful settlement depends on improved relations between Moscow and Kyiv," he said. Prime Minister Dorin Recean on Saturday announced in a video presentation that Cristina Gherasimov, previously foreign ministry secretary of state, would serve as European integration minister and chief negotiator in negotiations on EU membership. Gherasimov will also head a new European Integration Bureau dedicated to proceeding with those talks. Her appointment, and that of new Foreign Minister Mihail Popsoi, followed the resignation last week of Foreign Minister Nicu Popescu.
Persons: Alexander Tanas CHISINAU, Oleg Serebrian, Serebrian, Maia Sandu, Russia's, Transdniestria, Dorin Recean, Cristina Gherasimov, Gherasimov, Mihail Popsoi, Nicu Popescu, Alexander Tanas, Ron Popeski, Leslie Adler Organizations: European Union, European Affairs, EU, Saturday, Integration Bureau Locations: Russian, Russia, Ukraine, United States, Moscow, Kyiv, Romania, Moldova
Traveling to national parks with my son and dog is a passion of mine, and we've visited 35 so far. I tell new visitors to expect crowds of people but limited resources such as food, water, and gas. AdvertisementMy family is on a quest to visit all 63 US national parks. So far, we've made it to 35 parks with my 10-year-old son, who's been hiking since he was a toddler. This story is available exclusively to Business Insider subscribers.
Persons: we've, , who's Organizations: Service, Business
The One Part of the Housing Market That’s Growing
  + stars: | 2024-01-25 | by ( Gregory Schmidt | ) www.nytimes.com   time to read: 1 min
When Joel Adler decided it was time to downsize from his six-bedroom house in Parkland, Fla., where he had lived for more than 20 years, he was disappointed with the lack options. “There weren’t a lot of homes to look at,” said Mr. Adler, a 76-year-old retired teacher, who had been searching for a year and a half. Eventually, he turned to Valencia Sound, a gated community in Boynton Beach, Fla., that opened in 2019, joining the growing ranks of home buyers who opted for a newly built house instead of an existing one, a rare bright spot in an otherwise gloomy market. The housing market has been mired for much of the past year, bogged down by high prices, soaring mortgage rates and a dearth of inventory, pushing many would-be buyers to the sidelines.
Persons: Joel Adler, downsize, , Adler Organizations: Valencia Sound Locations: Parkland, Fla, Valencia, Boynton Beach
By Sarah Morland(Reuters) - The head of the United Nation's drugs and crime office on Thursday warned of a "vicious cycle" of arms trafficking to increasingly powerful Haitian gangs, fueling an internal conflict and worsening violence across the Caribbean. "It's more important than ever to take every measure possible to prevent illicit flows," the UNODC's executive director, Ghada Waly, told a U.N. Security Council meeting, saying arms trafficking and gang activity were feeding off each other. A recent UNODC report found that most illegal firearms seized in Haiti came from the United States, notably Florida, Arizona, Georgia, Texas and California. After the Dominican Republic shut its border with Haiti, smugglers were turning to more remote routes including clandestine airstrips, the report said. No date has been set for deployment, which Haiti requested in October 2022.
Persons: Sarah Morland, Ghada Waly, U.N, Robert Wood, Kenya's, Tirana Hassan, Hassan, Jose de la, Michelle Nichols, Leslie Adler Organizations: Reuters, Security, Taurus, Glock, Beretta, Smith, Wesson, Kenyan, Rights Watch, Tirana Locations: Haiti, United States, Florida , Arizona, Georgia, Texas, California, Caribbean, U.S, Dominican Republic, Ecuador
(Reuters) - A fire broke out at a large oil refinery in the southern Russian town of Tuapse on Wednesday and emergency teams were battling the blaze, Russian news agencies quoted officials as saying. "According to emergency services of Tuapse district, a fire broke out on the territory of the oil refinery in the town," the agencies quoted a statement by the Krasnodar, or Kuban, region emergencies service. Agencies also quoted officials at the region's major airport, in the seaside town of Sochi, about 100 km (60 miles) to the southeast, as saying it had suspended arrivals and departures. Sergei Boiko, the head of Tuapse district, said on Telegram that the fire was located in the refinery's vacuum unit -- a secondary processing section. Unofficial Telegram channels showed pictures of the blaze and said drones had been responsible.
Persons: Crews, Sergei Boiko, Ronald Popeski, Leslie Adler, Sandra Maler Organizations: Reuters Locations: Russian, Tuapse, Krasnodar, Kuban, Sochi
LONDON (Reuters) - Britain said in a joint statement on Tuesday that 24 countries, including the United States, Germany and Australia, conducted additional strikes on Monday against eight targets in Houthi-controlled areas of Yemen. "In response to continued illegal and reckless Houthi attacks against vessels transiting the Red Sea and surrounding waterways, the armed forces of the United States and United Kingdom, with support from Australia, Bahrain, Canada, the Netherlands, and New Zealand, conducted additional strikes against eight targets in Houthi-controlled areas of Yemen," a joint statement issued by the British prime minister's office said. "These strikes were designed to disrupt and degrade the capability of the Houthis to continue their attacks on global trade and innocent mariners from around the world, while avoiding escalation." (Reporting by Farouq Suleiman; Editing by Leslie Adler)
Persons: Farouq Suleiman, Leslie Adler Locations: Britain, United States, Germany, Australia, Houthi, Yemen, United Kingdom, Bahrain, Canada, Netherlands, New Zealand
Moldova Says Latest Talks With Separatists 'Difficult'
  + stars: | 2024-01-17 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
By Alexander TanasCHISINAU (Reuters) - A senior official of Moldova's pro-European government said on Wednesday that his latest talks with the pro-Russian separatist Transdniestria region had been "quite difficult" as tension rises in the three-decade-old standoff. The region split from Moldova before the collapse of Soviet rule and fought a brief war against the newly independent state lying between Ukraine and Romania. Moldova's deputy prime minister, Oleg Serebrean, said the latest talks between the sides on Tuesday, in Transdniestria's main town of Tiraspol, had focused on the new tax regime. One-on-one talks with Transdniestria are held under the auspices of the 57-nation Organisation for Security and Co-operation in Europe, which has been mediating for decades. They replaced a longstanding "5+2" format in which Russia, Ukraine and the United States participated, along with observers from the EU and the United States.
Persons: Alexander Tanas CHISINAU, Transdniestria, Oleg Serebrean, Serebrean, Maia Sandu, Moldolva, Sandu, Moldova's, Alexander Tanas, Ron Popeski, Leslie Adler Organizations: European Union, EU, Russian, Transdniestria, Organisation for Security, United Locations: Moldova, Ukraine, Romania, Russian, Transdniestria, Soviet, Transdniestria's, Tiraspol, Chisinau, Moscow, Cyprus, Russia, Europe, United States
Supreme Court Police officers stand on the plaza outside of the Supreme Court of the United States after the nation's high court stuck down President Biden's student debt relief program on Friday, June 30, 2023 in Washington, DC. WASHINGTON — A 40-year-old Supreme Court precedent that over the years has become a bugbear on the right because it is viewed as bolstering the power of federal agencies could be on the chopping block as the current justices on Wednesday consider whether to overturn it. Justice Gorsuch has been an outspoken critic of the Chevron ruling. Jonathan Adler, a professor at Case Western Reserve University School of Law, said there were always disagreements among lawyers and academics over how courts should apply the Chevron ruling. The fisheries dispute is one of several in the current court term in which the justices are considering attacks on federal agency power led by business interests and the conservative legal establishment.
Persons: Biden's, Reagan, Anne Gorsuch, Neil Gorsuch, Gorsuch, David Doniger, Jonathan Adler, Joe, Magnuson, Trump, Don McGahn Organizations: Police, WASHINGTON —, Natural Resources Defense, Chevron, Environmental Protection Agency, Act, EPA, Democratic, Case Western Reserve University School of Law, National Marine Fisheries Service, Stevens Fishery Conservation, Management, Trump, Trump White House, Conservative Political, Conference Locations: United States, Washington , DC, Chevron v, Chevron, New England
El Salvador has one of the most draconian abortion bans in the Americas, which critics say extends to women who suffer miscarriages and stillbirths. Many women have been sentenced to decades in prison on charges of killing their children. The 28-year-old woman, known as Lilian, was the last woman still imprisoned on such charges, according to two local civil rights groups. "I call on people stop denouncing other innocent women," Lilian told a press conference after a judge last month acquitted her of a 30-year sentence after seven years behind bars. Lilian, who is also the mother of a 10-year-old, said she was happy to be reunited with her family.
Persons: El, Lilian, Lillian, Nelson Renteria, Raul Cortes, Sarah Morland, Leslie Adler Organizations: SALVADOR, Reuters, Central, Citizens, Group Locations: El Salvador, Central American, Americas, Nicaragua, Honduras, Dominican Republic, Caribbean
SEOUL (Reuters) - South Korea has sanctioned two individuals, three entities and 11 ships linked to North Korea's nuclear and missile programs, its foreign ministry said on Wednesday. The sanctions announcement comes days after North Korea fired a new intermediate range, solid-fuel hypersonic missile, which South Korea and the United States strongly condemned as a serious violation of U.N. Security Council resolutions. The newly blacklisted targets have chiefly been involved in illegal energy smuggling at sea, the ministry said. Faced with a drawn-out gridlock at the United Nations, Seoul has turned to slapping sanctions on Pyongyang independently or together with Washington and Tokyo, seeking to squeeze its funding sources. The nuclear envoys of Japan, the United States and South Korea are scheduled to hold talks in Seoul on Thursday.
Persons: Hyonhee Shin, Leslie Adler, Ed Davies Organizations: North, South, United Nations Locations: SEOUL, South Korea, North Korea, United States, Seoul, Pyongyang, Washington, Tokyo, Japan
MEXICO CITY (Reuters) - Mexico's Transport Ministry said on Tuesday it received five proposals from interested parties to participate in the roll-out of a project to boost passenger transport on railways being developed across the country. The ministry said it is reviewing the proposals, without identifying the companies expressed interest. The announcement comes a day after the deadline for proposals, set out in a decree late last year that called for plans from concession holders outlining how their freight railways could be adapted for passenger use. Mexican President Andres Manuel Lopez Obrador, whose term ends this year, said last November that if companies decide not to provide passenger services the government would do so. The government has prioritized development on seven routes that span northern border cities, the Gulf and Pacific coasts, major cities in central Mexico, and the capital's secondary Felipe Angeles international airport.
Persons: Andres Manuel Lopez Obrador, Felipe, Sarah Morland, Valentine Hilaire, Leslie Adler Organizations: MEXICO CITY, Transport, Felipe Angeles Locations: MEXICO, United States, Gulf, Pacific, Mexico
Wonder Land: Citing the president’s age lets Democrats off the hook for the political failure of his economic policies. Images: AP/AFP/EPA/Getty Images Composite: Mark KellyThe Supreme Court hears oral arguments Tuesday in the most important tax case in decades. Moore v. U.S. will answer the question of whether Congress can tax unrealized capital gains as if they were income under the 16th Amendment. The case has attracted a flood of friend-of-the-court briefs, mostly cheering for the tax collectors. Many argue outright that there is no requirement for profit to be realized—which usually means selling an asset at a profit—for a taxpayer to be hit with an income tax as the Constitution means it.
Persons: Mark Kelly, Moore Organizations: AFP, EPA Locations: .
Opinion & Reviews - Wall Street Journal
  + stars: | 2023-12-05 | by ( Ron E. Hassner | John Ellis | Hank Adler | ) www.wsj.com   time to read: 1 min
Free ExpressionMany of them came in carbon-spewing private jets. Some were snowed in at the airport in Munich.
Locations: Munich
Attendees inspect Smith and Wesson firearms at the National Rifle Association's (NRA) annual meeting, in Indianapolis, Indiana, U.S., April 28, 2019. Smith & Wesson, which is incorporated in Nevada, did not respond immediately to a request for comment. The group of nuns filed the lawsuit in their role as Smith & Wesson shareholders, in what is known as a derivative lawsuit. The nuns alleged that the directors of Smith & Wesson have ignored growing legal risks from making assault-style rifles. Smith & Wesson warned in its 2022 annual report that it might have to pay significant damages due to legal proceedings against the company.
Persons: Smith, Bryan Woolston, Jeffrey Norton, gunmakers, gunmaker Remington, Adrian Dominican, Bon, Francis of Philadelphia, Jesus, Tom Hals, Alexia Garamfalvi, Leslie Adler Organizations: Wesson, REUTERS, Smith, Tuesday, Smith & Wesson, Sandy, Elementary, U.S, Supreme, Adrian, Bon Secours, St, Jesus &, Thomson Locations: Indianapolis , Indiana, U.S, WILMINGTON , Delaware, Nevada, Colorado, Connecticut, New York , Illinois, California, Adrian , Michigan, Marriottsville , Maryland, Aston , Pennsylvania, Ontario Province, Marylhurst , Oregon, Wilmington , Delaware
JERUSALEM, Dec 5 (Reuters) - The Tel Aviv Stock Exchange said on Tuesday that a report by U.S. researchers suggesting there were investors in Israel who may have profited from prior knowledge of Hamas' Oct. 7 attack was inaccurate and its publication irresponsible. "There was nothing unusual in short positions in the stock exchange in the two months before the attack." "The ISA's examinations found, inter-alia, that the average short balances for shares traded on the Tel-Aviv Stock Exchange declined during the period preceding October 7th," the regulator said in a statement. Their report said "short interest in the MSCI Israel Exchange Traded Fund (ETF) suddenly, and significantly, spiked" on Oct. 2, based on data from the Financial Industry Regulatory Authority (FINRA). He also said the short position in Leumi was taken by an unidentified Israeli bank known to the TASE.
Persons: Robert Jackson Jr, Joshua Mitts, Yaniv Pagot, Pagot, Mitts, Steven Scheer, Mark Potter, Leslie Adler Organizations: Tel Aviv Stock Exchange, U.S, New York University, Columbia University, Hamas, Reuters, Israel Securities Authority, Tel, Aviv Stock Exchange, ISA, Leumi, MSCI Israel, Fund, Financial Industry Regulatory Authority, Thomson Locations: Israel, Leumi, Israel's, agorot, MSCI
Barra said at a media event an ongoing outside external safety review will guide the company's path forward and is expected to be completed in early 2024. "We'll work through the challenges we have right now at Cruise," Barra said. She declined to offer an opinion on whether she thought regulators have treated Cruise more harshly than Tesla Autopilot. She also declined to say how much money GM is willing to spend on Cruise going forward until it completes its assessments and has a plan to move ahead. Reporting by Joseph White and David Shepardson; Editing by Leslie Adler and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Mary Barra, Barra, Cruise, Joseph White, David Shepardson, Leslie Adler, Stephen Coates Organizations: General Motors, DETROIT, Detroit, California Public Utilities Commission, Thomson Locations: Cruise, United States, California
Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. Anthos, which does not generate any revenue because its products have not yet hit the market, could be worth several billion dollars in a potential sale, significantly more than the $250 million that Blackstone invested when it founded Anthos in 2019, the sources said. The company's anticoagulants have made significant progress in late-stage clinical trials, the sources added. Blackstone is working with investment bankers to explore a sale of Anthos, the sources said, cautioning that no deal is certain and requesting anonymity because the matter is confidential. Anthos has licensed from Novartis an antibody used in the development of its blood thinners and granted it a minority stake.
Persons: Blackstone, Anthos, Bayer, Eliquis, David Carnevali, Leslie Adler Organizations: Blackstone Group, REUTERS, Blackstone Inc, Anthos Therapeutics, Novartis AG, Novartis, Myers Squibb, Alnylam Pharmaceuticals, Thomson Locations: New York City, U.S, Cambridge , Massachusetts, Anthos, Bristol, German, New York
REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsNEW YORK, Dec 4 (Reuters) - U.S. home buyers are becoming more willing to purchase properties even as interest rates stay high, according to a study by Bank of America (BAC.N) published on Monday. That compares with average 30-year fixed mortgage rates that surged to 8% in October, the highest in more than two decades, which deterred buyers. They also sold their homes for career or family reasons or to seek a lower cost of living. New-home sales dropped 5.6% to a seasonally adjusted annual rate of 679,000 units last month as mortgage rates squeezed out buyers. Reporting by Nupur Anand in New York; Editing by Lananh Nguyen and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Sarah Silbiger, Matt Vernon, , , Vernon, Nupur Anand, Lananh Nguyen, Leslie Adler Organizations: REUTERS, Bank of America, Reuters, Federal Reserve, Homeowners, U.S, Wall, Thomson Locations: Washington , U.S, U.S, Vernon, New York
U.S. Secretary of State Antony Blinken announced the visa restrictions and mentioned, among others, the marginalization of groups like the LGBT community in Uganda and civil society advocates in Zimbabwe. In June, the U.S. State Department imposed visa restrictions on Ugandan officials after the passage of the law. The State Department also previously put visa restrictions on Ugandan officials following the country's 2021 elections, which it called "flawed." Blinken also announced a new visa restriction policy for those he said were undermining democracy in Zimbabwe. "Anyone who undermines the democratic process in Zimbabwe - including in the lead-up to, during, and following Zimbabwe's August 2023 elections - may be found ineligible for U.S. visas under this policy," Blinken said.
Persons: Antony Blinken, SAUL LOEB, Blinken, Emmerson Mnangagwa, Kanishka Singh, Leslie Adler, Sandra Maler Organizations: Al, Al Maktoum International Airport, Rights, U.S . State, The State Department, Thomson Locations: Al Maktoum, Dubai, United States, Uganda, Zimbabwe . U.S, Zimbabwe, Washington
[1/3] File photo: The flags of the United States and India are displayed on the Eisenhower Executive Office Building at the White House in Washington, U.S., June 21, 2023. Last week, the U.S. Justice Department alleged that an Indian government official directed an unsuccessful plot to assassinate a Sikh separatist on U.S. soil, while it announced charges against a man accused of orchestrating the attempted murder. U.S. officials have named the target of the attempted murder as Gurpatwant Singh Pannun, a Sikh separatist and dual citizen of the United States and Canada. The Indian government has long complained about the presence of Sikh separatist groups outside India. They also discussed developments in the Middle East, including the Israel-Hamas war, plans for a post-war Gaza and recent attacks on commercial vessels in the Red Sea, the White House said on Monday.
Persons: Elizabeth Frantz, Jon, Gurpatwant Singh Pannun, Hardeep Singh Nijjar, Joe Biden, Jake Sullivan, Bill Burns, Antony Blinken, Biden, Ajit Doval, Kanishka Singh, Leslie Adler, Lincoln Organizations: Eisenhower, White, REUTERS, Rights, White House, U.S . Justice Department, Indian, U.S, National, Thomson Locations: United States, India, Washington , U.S, U.S, New Delhi, Canada, Vancouver, China, Israel, Gaza, Red, Washington
Uber to become S&P 500 constituent -S&P Indexes
  + stars: | 2023-12-02 | by ( ) www.reuters.com   time to read: 1 min
The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15, 2019. REUTERS/Phil Noble/File Photo Acquire Licensing RightsDec 1 (Reuters) - Ride-hailing service Uber Technologies will join the S&P 500 (.SPX) effective at the open of trading on Dec. 18, along with S&P MidCap 400 (.IDX) constituents Jabil Inc and Builders FirstSource Inc , S&P Dow Jones Indices announced late Friday. The stocks will replace Sealed Air Corp , Alaska Air Group Inc and SolarEdge Technologies Inc in the benchmark S&P 500, joining the S&P MidCap 400 index as of Monday. (This story has been refiled to correct the date to Dec. 18, not Monday, in paragraph 1)Reporting by Alden Bentley; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons: Phil Noble, Dow, Alden Bentley, Leslie Adler Organizations: REUTERS, Uber Technologies, Jabil Inc, Builders FirstSource Inc, Dow Jones Indices, Air Corp, Alaska Air Group Inc, SolarEdge Technologies Inc, Thomson Locations: Liverpool, Britain
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