Republicans delay Senate healthcare vote
US Senate Republicans have delayed a vote on their healthcare bill until after next week's 4 July holiday. The announcement is a setback to their plan to replace Obamacare. Eight Republican senators have vowed to oppose the bill and the party can only afford to lose two votes to get it passed in the upper chamber. Trump invited Senate Republicans to the White House for a meeting on Tuesday afternoon. Sitting alongside some of the party rebels, he said: "This will be great if we get it done. And if we don't get it done, it's just going to be something that we're not going to like. And that's okay, and I understand that very well." A similar version of the bill has already passed the House, after facing a similar delay.
Helicopter attacks Venezuelan court
Venezuela's Supreme Court has been attacked by grenades dropped from a helicopter in what President Nicolás Maduro called a "terrorist attack". Footage on social media shows a police helicopter circling over the city before shots and a loud bang are heard. The police officer said to have piloted the stolen aircraft issued a statement denouncing the "criminal government". Maduro has faced months of mass protests amid a political and economic crisis.
Colombia anti-corruption chief arrested on US charges
Colombia's top anti-corruption official has been arrested on US charges of money laundering in connection with an alleged bribery scheme. Luis Gustavo Moreno Rivera, national director of anti-corruption, was arrested in Colombia and faces extradition to the US. A Colombian lawyer was also arrested. They are both charged with conspiring to launder money to promote foreign bribery, US prosecutors say.
Merkel paves way for gay marriage vote
Angela Merkel has opened the door to a free vote in parliament on legalizing same-sex marriage, after signaling a shift in her party's position on it. Merkel surprised the German media by saying she favored a "decision of conscience" on gay marriage. It is not yet clear whether the vote will happen before parliament's summer break, as Merkel does not want opponents to score political points from it. Many of Germany's EU partners have legalized gay marriage, notably the Netherlands, Belgium, France, Spain and the UK.
Supreme Court rules on deadline for opting out of class actions
The US Supreme Court ruled Monday in California Public Employees' Retirement System v. Anz Securities, Inc., et al. that a member of a class action suit cannot file a new suit separately past the statute of repose. Justice Anthony Kennedy delivered the opinion of the Court in the 5-4 decision. Kennedy did not buy petitioner's argument that the court's decision in American Pipe and Construction Co. et al. v. State of Utah et al. stating that American Pipe was not a case that revolved around a "legislative enactment" instead of the "tradition equitable powers of the judiciary."
Can good corporate citizenship be measured?
If you spend time around corporate boardrooms these days, you’ll hear the abbreviation "E.S.G." thrown around with such frequency it is almost a trope. E.S.G. stands for "environmental, social and governance." Basically, it refers to the three main ways to measure a company's commitments to ecological sustainability, to its community and to corporate governance. Big investors, like pension funds and others, have publicly declared that they now consider environmental, social and governance issues to be key metrics of their investment decisions. To pass muster, companies seeking their favor must show a proven track record of responsible stewardship in all three categories.
A proposed bankruptcy for banks that will lead to bailouts
If Congress repeals Dodd-Frank's orderly liquidation authority, regulators would have no tools to address the failure of a financial giant.
Puerto Rico's Federal Supervisors veto $9 billion utility debt deal
A $9 billion restructuring deal covering Puerto Rico's public power monopoly failed to win approval from the island’s federal oversight officials, raising the likelihood of default at one of the largest US utilities.
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