Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Temasek and Warburg Pincus are preparing to put healthcare supply chain management company Global Healthcare Exchange up for sale, aiming at a valuation of almost $5bn, according to people familiar with the matter. GHX, in which the Singaporean government-backed investment fund owns a majority stake and the US private equity group the remainder, was working with advisers on a sale process, which could result in a partial or full- stake sale, the people said. GHX is expecting to receive formal bids in…

A US jury has ordered German pharmaceutical giant Bayer to pay about $US2.1 billion ($A3.3 billion) to a plaintiff who claimed the company’s Roundup weed killer caused his cancer, the victim’s law firm saysThe verdict in the US state of Georgia, which Bayer said on Saturday it would appeal, is one of the largest legal settlements issued in a Roundup-related case and is the latest setback for the group, among the world’s largest seeds and pesticide makers.Bayer has paid about $US10 billion ($A16 billion) to settle disputed claims that Roundup, based on the herbicide glyphosate, causes cancer.More than 60,000 further…

Kitty Dukakis, an activist first lady and humanitarian, who overcame alcoholism and depression with the help of electroconvulsive therapy, then became a proponent of the treatment with her husband, Michael S. Dukakis, the former Massachusetts governor and the 1988 Democratic presidential nominee, died on Friday night at her home in Brookline, Mass. She was 88. Her son, John, told the news media that the cause was complications of dementia.Mrs. Dukakis was a longtime activist on behalf of underdogs and people who struggled. Among the subjects most important to her was continuing education on the Holocaust. She was appointed by President…

SEOUL: Hundreds of thousands of South Koreans took to the streets on Saturday (Mar 22) as rallies for and against the impeached President Yoon Suk Yeol intensified over the upcoming Constitutional Court’s decision on whether to dismiss him. Yoon was impeached by lawmakers over his disastrous Dec 3 declaration of martial law, and the court last month held weeks of tense impeachment hearings to determine whether to formally remove him from office. Despite experts predicting a verdict by mid-March, the Constitutional Court has yet to rule, making Yoon’s case the longest deliberation in its history. Conspiracy theories have since emerged,…

Lebanese Prime Minister Nawaf Salam says his country is at risk of being drawn into a “new war” as dozens of new air strikes, Israel says were targeting Hezbollah, have killed at least two people. Salam issued the warning on Saturday, saying Israel’s “renewed military operations on the southern border” would bring “woes to Lebanon and the Lebanese people”. At least two people are confirmed killed and eight others injured by Israeli air raids, according to reports from Lebanon’s National News Agency. Three of the victims, including one of those killed, are children, it said, citing the government-run Public Health…

A week after the White House indicated it would eliminate two national monuments in California, many remain unsure whether President Trump has actually revoked the lands’ protected status.Mr. Trump announced last Friday that he would rescind a proclamation signed by former President Joseph R. Biden Jr. a week before he left office that established the Chuckwalla and Sáttítla national monuments, which encompassed more than 848,000 acres of desert and mountainous land.The White House then released a fact sheet that included a bullet point stating that Mr. Trump would be “terminating proclamations” declaring monuments that safeguarded “vast amounts of land from…

At least two firefighters have died and hundreds of people have been evacuated from their homes in South Korea as emergency services struggle to contain more than 30 wildfires fuelled by dry winds.The largest fires were in south-eastern regions, including the rural county of Sancheong, where 260 people fled to a temporary shelter as flames spread across the surrounding hills, according to the South Gyeongsang provincial government.Two firefighters were found dead, while another firefighter and a government worker remain missing after being trapped by fast-moving flames driven by strong winds in the area.Rescuers pulled out five emergency workers, who are…

Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, said Thursday the market is mistakenly failing to discount the negative effect from federal spending cuts spearheaded by the Department of Government Efficiency. “I think we are underestimating the impact to the economy of the cuts we’re making at the federal government, and what that might mean [in terms of] the knock on effects into the economy,” Moses, Moses Ventures founder, said on CNBC’s ” The Exchange. ” DOGE’s cost-cutting moves led by Tesla CEO Elon Musk , could create a negative shock in the…

A 62-year-old grandmother was killed while having an overnight “conjugal visit” with her convicted murderer husband at a California prison, according to reports. David Brinson, 54, was found guilty of killing four men in 1993 and was sentenced to life in prison without parole, court records show. In November, Brinson had an unsupervised visit with wife Stephanie Dowells, 62, at Mule Creek State Prison in Northern California, FOX 40 reported. Brinson claimed to prison officials she had passed out, but the Amador County Coroner said this week her death was a homicide and determined she had been strangled. No one has been charged in…

Israeli forces struck sites in southern Lebanon on Saturday that it said were linked to the Lebanese militant group Hezbollah, hours after rockets were fired from Lebanon into Israel for the first time in months.The attacks were the latest example of how the renewed Israeli offensive in Gaza was rippling across the Middle East. They also disrupted months of relative calm in northern Israel, where residents displaced by more than a year of fighting between Israel and Hezbollah have begun returning home.The Israeli military said that it had shot down three rockets from Lebanon, and there were no reports of…