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Former Warburg banker gets jail term in German fraud trial

BONN (Reuters) – A former banker was handed a 3-1/2 year jail sentence on Wednesday for his part in Germany’s biggest post-war fraud, a scam that involved scores of banks and investors engineering multi-billion-euro trades to make bogus tax claims. The banker, identified as Detlef M., in line with court reporting practices in Germany, is …

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Czech government approves inflation-fighting budget to cut record deficits

PRAGUE (Reuters) – The Czech Republic’s centre-right government approved a revamped 2022 budget on Wednesday, cutting the proposed deficit to 280 billion crowns ($13.2 billion) as it seeks to rein in record fiscal gaps and take pressure off surging inflation. The country has seen a debt explosion in recent years caused by the coronavirus pandemic …

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Russia accuses West of ramping up pressure with Ukraine arms supplies

MOSCOW (Reuters) – A senior Russian official accused the West on Wednesday of ramping up political pressure on Moscow by supplying weapons and ammunition to support Ukraine during a standoff over a Russian military buildup. Moscow has massed troops near Ukraine, and is set to stage military drills in close ally Belarus to Ukraine’s north, …

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EU ramps up collection of public health data to improve drug reviews

By Ludwig Burger (Reuters) – The European Medicines Agency has set up a new centre to collect and mine more public health data from EU member states to improve the review of new drugs and provide them more quickly to patients. So-called Real World Evidence (RWE) from hospitals and physicians’ practices have been used before …

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U.S. House passes bill to avert temporary government shutdown

By Richard Cowan WASHINGTON (Reuters) – The U.S. House of Representatives on Tuesday approved legislation to fund federal government agencies through March 11 and avoid a chaotic shutdown of many of Washington’s operations when existing money expires at midnight on Feb. 18. The House voted 272-162 to approve the stop-gap measure that will give Democratic …

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Lebanon’s Hezbollah chief describes Kuwaiti proposals to Lebanon as ‘dictates’

BEIRUT (Reuters) – The head of Lebanon’s Iran-backed Hezbollah group on Tuesday described as “dictates” a recent Kuwaiti list of proposals aimed at repairing Lebanon’s ties with Gulf Arab nations, strained largely over what the say is Hezbollah’s growing influence. “Lebanon is a sovereign country and should not be sent dictates,” Hassan Nasrallah said in …

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