Why California is still in drought despite heavy rain and snow
Business

Why California is still in drought despite heavy rain and snow

Climate change Despite recent storms, the golden state is still in a long-term dry spell. Snow blanketed California the last weekend of February, only weeks after it was pummeled by torrential rains. But these historic storms barely made a dent in a daily reality for most Californians — a years-long, expansive drought. According to the… […]

Evacuation order issued for Canadian town as wildfire crosses over from US
Business

Evacuation order issued for Canadian town as wildfire crosses over from US

OSOYOOS, British Columbia, July 30 (Reuters) – An evacuation order for the Canadian town of Osoyoos and its surrounding district in the province of British Columbia had been issued late Saturday night due to an out-of-control wildfire that has crossed the border from the U.S. state of Washington.The wildfire, called Eagle Bluff, is approximately 4… […]

Novo Nordisk weight-loss drug Wegovy launched in Germany, first big EU market
Business

Novo Nordisk weight-loss drug Wegovy launched in Germany, first big EU market

FRANKFURT, July 29 (Reuters) – Novo Nordisk has launched blockbuster weight-loss drug Wegovy in Germany, its first big European market, hoping Germans will pay hundreds of euros out of pocket for a drug that public health insurance plans are so far barred from covering.The drug, shown to help patients reduce body weight by around 15%… […]

Musk’s X social media platform reinstates Kanye West’s account
Business

Musk’s X social media platform reinstates Kanye West’s account

July 29 (Reuters) – Social media platform X reinstated account of Ye, the artist formerly known as Kanye West, on Saturday, after it was suspended nearly eight months ago because the rapper had violated the platform’s rules prohibiting incitement to violence.Ye’s account now shows his last post from Dec. 1, a day prior to when… […]

EU to propose clampdown on companies using fake ‘green’ claims
Business

EU to propose clampdown on companies using fake ‘green’ claims

BRUSSELS, March 22 (Reuters) – The European Commission wants to require companies in Europe to back up climate-friendly claims about their products with evidence, under draft rules to stamp out misleading green labels for products from clothing to cosmetics.The European Union is set to propose on Wednesday new requirements on companies seeking to promote goods… […]

Monte dei Paschi battle rumbles on after fraud verdicts quashed
Business

Monte dei Paschi battle rumbles on after fraud verdicts quashed

Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access… […]

The mystery of the mogul, the casino and the heist that rocked Mayfair
Business

The mystery of the mogul, the casino and the heist that rocked Mayfair

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Vladimir Potanin: the original oligarch still making deals
Business

Vladimir Potanin: the original oligarch still making deals

Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full… […]

No Picture
Business

Live news: Asia-Pacific markets reverse gains to fall on rate rise fears

Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full… […]