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Netanyahu’s deadline to form government expires, rivals eyed

Netanyahu’s deadline to form government expires, rivals eyed

Israel’s president on Wednesday chose Yair Lapid, a centrist politician and Prime Minister Benjamin Netanyahu’s strongest rival, to try to form a new government, but his path to success was still uncertain.Israel’s longest serving leader, Netanyahu, 71, has been fighting to hold onto office through four inconclusive elections since 2019 and corruption allegations that he…

Brazil COVID-19 inquiry told of Bolsonaro’s blind faith in chloroquine

Brazil COVID-19 inquiry told of Bolsonaro’s blind faith in chloroquine

BRASILIA (Reuters) – Brazil’s former health minister told a parliamentary inquiry on Tuesday that President Jair Bolsonaro’s right-wing government knew full well that the treatment they were advocating for COVID-19 patients had no scientific basis.Luiz Henrique Mandetta, who was fired last April by Bolsonaro for not agreeing to push the malaria drug chloroquine as a…

Nasdaq ends sharply lower in tech sell-off

Nasdaq ends sharply lower in tech sell-off

(Reuters) – The Nasdaq ended sharply lower on Tuesday as investors dumped megacap growth stocks to seek shelter in more defensive parts of the market, amid concerns on rising interest rate and uncertainty over an upcoming jobs report.Highly valued technology-related companies including Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc sold off…

U.S. service sector slows modestly in April

U.S. service sector slows modestly in April

WASHINGTON (Reuters) – U.S. services industry activity grew at a slightly slower pace in April, likely restrained by shortages of inputs amid a burst of demand that is being driven by massive fiscal stimulus and a rapidly improving public health environment.FILE PHOTO: A woman wearing a protective mask walks past empty tables outside a restaurant,…

Economy may be stronger than Fed officials recently projected, Bowman says

Economy may be stronger than Fed officials recently projected, Bowman says

WASHINGTON (Reuters) – The U.S. economy may be growing more quickly and unemployment falling faster than the core of Federal Reserve policymakers projected in March, Fed Governor Michelle Bowman said on Wednesday, a development that could fuel debate about the outlook for monetary policy.FILE PHOTO: U.S. Federal Reserve Governor Michelle Bowman poses at a conference…

Netanyahu’s deadline to form government expires, rivals eyed

Israeli Prime Minister Benjamin Netanyahu’s two main political rivals each asked the president on Wednesday for the chance to try to form a government, after Netanyahu failed to meet an overnight deadline to assemble a coalition.Israel’s longest serving leader, Netanyahu, 71, has been fighting to hold onto office through four inconclusive elections since 2019.The most…