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Israel's treatment of Palestinian workers denounced at UN meeting Jun 6, 2024 10:03AM

By Emma Farge

GENEVA (Reuters) - The head of the International Labour Organization on Thursday criticized the decimation of Palestinian workers' labour rights since the start of the Israel-Hamas war in Gaza and called for an end to new restrictions blocking them from working in Israel.

Israel's treatment of Palestinian workers, under scrutiny for decades by the U.N. labour body, has increased since the Oct. 7 war with criticism focused on... (continue reading...)


Exclusive-Cows infected with bird flu have died in five US states Jun 6, 2024 10:01AM

By Leah Douglas and Tom Polansek

(Reuters) - Dairy cows infected with avian flu in five U.S. states have died or been slaughtered by farmers because they did not recover, state officials and academics told Reuters.

Reports of the deaths suggest the bird flu outbreak in cows could take a greater economic toll in the farm belt than initially thought. Farmers have long culled poultry infected by the virus, but cows cost much more to raise... (continue reading...)


US FDA panel to vote on data, safety profile of Lilly Alzheimer's drug Jun 6, 2024 09:59AM

(Reuters) -A panel of outside experts to the U.S. health regulator will meet on Monday to vote on safety and efficacy data for Lilly's (NYSE: LLY) donanemab, a potential rival to Eisai and Biogen's Leqembi, and make recommendations to the FDA.

Both the drugs are antibodies designed to remove toxic beta amyloid plaques from the brains of people with early Alzheimer's disease.

The panel will also vote on whether benefits of the treatment... (continue reading...)


ECB and Canada cut rates as easing among big economies gets going Jun 6, 2024 09:49AM

By Naomi Rovnick and Alun John

LONDON (Reuters) - Interest rate cuts from the European Central Bank and Bank of Canada this week mean monetary easing is under way in the world's big economies, even if there's an abundance of caution over when others will join in.

Following the most aggressive global rate-hiking cycle in decades, here's where leading central banks stand and what they are expected to do next:

1/ SWITZERLAND

... (continue reading...)
Column-Demise of dollar's FX reserve omnipotence greatly exaggerated: McGeever Jun 6, 2024 09:41AM

By Jamie McGeever

ORLANDO, Florida (Reuters) - After two decades of the dollar's share of global foreign exchange reserves gradually eroding to less than 60%, economic, financial and geopolitical stars are aligning to halt that trend in the next few years and possibly even reverse it.

At least temporarily.

That's the indication from an annual survey of central banks and reserve managers conducted by the Official Monetary... (continue reading...)


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