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By Pritam Biswas May 1 (Reuters) – AIG has pared back its private credit activity amid current market conditions, the insurer’s finance chief said on Friday, helping reassure investors and pushing its shares up about 5% in early trading. Elevated default rates have put big asset managers under sharper scrutiny over their liquidity, as redemptions pick up across the industry. Investors have also grown wary of the private credit market’s […]

ZENICA, Bosnia, May 1 (Reuters) – Hundreds of workers marched through Bosnia’s central city of Zenica on Friday, protesting against the closure of the country’s last steel mill which they said marked the end of an era of heavy industry. Last week’s shutdown of the 130-year-old Zenica Steel Factory put thousands of jobs at risk across the sector, protesters said, and followed on the heels of the closure of Lukavac […]

By Ankur Banerjee and Amanda Cooper SINGAPORE/LONDON, May 1 (Reuters) – In thrall to an AI boom that has sent stocks to record highs and harbouring hopes of a short-lived Iran war, investors have yet to prepare for a doubling of physical oil prices. The window to do so may soon be closing. There are plenty of reasons for market confidence, largely centred on the artificial intelligence galaxy of hyperscalers, […]

OxyContin maker Purdue Pharma is set to dissolve and be replaced with a new company operating in the public interest under the settlement of thousands of lawsuits that goes into effect Friday. It’s among the largest in a series of settlements over the toll of opioids over the past several years. It’s particularly prominent because some people pin the nation’s opioid epidemic to the sales efforts behind OxyContin, a powerful […]

KÜHBACH, Germany (AP) — As the brass band played Bavarian tunes and the villagers drank their beer, watched and cheered, the young men of Kühbach in southern Germany pushed up their new maypole with long wooden rods until it stood perfectly straight against the sky. In addition to the locals, people from all over Bavaria and beyond flocked to the small village of about 4,500 residents on Friday to watch […]

THE HAGUE, Netherlands (AP) — A 33-year-old man will appear in court next week after he was detained on suspicion of plotting an attack on two Dutch princesses, prosecutors said Friday. According to details in a court scheduling order published on the website of The Hague Public Prosecutor’s Office, the man is suspected of preparing an attack on the 22-year-old heir to the Dutch throne, Amalia, Princess of Orange, and […]

MEXICO CITY (AP) — Mexico City is sinking by nearly 10 inches (about 25 centimeters) a year, according to new satellite imagery released this week by NASA, making it one of the world’s fastest-subsiding metropolises. One of the world’s most sprawling and populated urban areas, at 3,000 square miles (about 7,800 square kilometers) and some 22 million people, the Mexican capital and surrounding cities were built atop an ancient lake […]

Every two years for more than a decade, Melani Candia has gotten approved to stay in the U.S. with her husband and two cats and — more recently — continue to work in special education in Florida. But this year, delays in Deferred Action for Childhood Arrivals, a program that has shielded her and hundreds of thousands of others from deportation, led to her missing her renewal deadline, losing her […]

After Moira Cathleen Delaney was diagnosed with an aggressive form of intestinal cancer, her thoughts eventually turned to her eventual death and what she wanted done with her body. Delaney’s love of gardening, birds and the forest inspired her decision to be transformed into soil — literally — through a process known as natural organic reduction. When she died in October at age 57, her family sprinkled some of her […]