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Merck posted an 18 percent jump in first-quarter income, beating Wall Street expectations, as reduced spending on marketing, administration and research easily offset lower sales of its medicines outside ...
By Rod Nickel ANZAC, Alberta (Reuters) - Cooler weather and possible rain forecast for the Canadian city overwhelmed by wildfire offered hope on Thursday that controlling the blaze could become easier, after worsening conditions forced new evacuations south of town. Late on Wednesday, flames fanned south from Fort McMurray, the main city in Canada's oil sands region. Officials issued mandatory evacuation orders for the Anzac, Gregoire Lake Estates and Fort McMurray First Nation communities, which are located about 50 km (31 miles) south of the battered city.
By Ercan Gurses ANKARA (Reuters) - Turkish Prime Minister Ahmet Davutoglu announced on Thursday he would not stand again as leader of the ruling AK Party, bowing out as President Tayyip Erdogan accelerates his drive for a stronger presidency set to reshape the political landscape. In a speech defending his record as prime minister but also vowing loyalty to Erdogan, Davutoglu said he had kept his party and the government intact during a tumultuous period in Turkey and pledged that "strong" AKP government would continue. After a meeting of the party's executive committee, Davutoglu told a news conference that under the current circumstances he would not run for the leadership of the AKP at an extraordinary party congress on May 22.