House Republicans balk at "fiscal cliff" deal

Speaker of the House John Boehner (R-OH) walks from a meeting with House Republicans about a solution for the "fiscal cliff" on Capitol HillWASHINGTON (Reuters) – Washington's last-minute scramble to step back from a "fiscal cliff" ran into trouble on Tuesday as Republicans in the House of Representatives balked at a deal to avert a budget crisis. Republican leaders in the House said they might try to change the bill approved by the Senate which voted to raise taxes on the wealthy in a late-night show of unity. That would set up a high-stakes game of chicken between the two chambers and risk a stinging rebuke from financial markets that are due to open in Asia in six hours. …

Obama says not able to overhaul tax system, entitlements in two weeks: Bloomberg TV

WASHINGTON (Reuters) – President Barack Obama said on Tuesday there is not enough time this year to come up with an overhaul of the U.S. tax system and entitlement programs as Republicans want as a condition for an agreement to avoid the fiscal cliff. Obama told Bloomberg Television that despite weaknesses in Europe and Asia, he believes the U.S. economy is “poised to take off. …

Novartis does not expect further sales bans of flu vaccines

ZURICH (Reuters) – The Chief Executive of Swiss drugmaker Novartis is confident its flu vaccines manufactured in Italy are safe and does not expect further countries to ban sales or halt deliveries. In a conference call to journalists, Chief Executive Joseph Jimenez said Novartis shipped the two vaccines produced in Italy to European markets and parts of Asia. He said he did not expect other countries to take action to suspend deliveries but he could not rule this out. Novartis reported worse-than-expected third quarter sales on Thursday, dragged down by the loss of a U.S. …

Western fast food tied to heart risks in Asia

NEW YORK (Reuters Health) – Even relatively clean-living Singaporeans who regularly eat burgers, fries and other staples of U.S.-style fast food are at raised risk of diabetes and significantly more likely than peers to die of heart disease, according to a new study. With globalization, fast food – widely regarded as nutritionally poor – has become commonplace in East and Southeast Asia. But there’s been little research into the effects of western junk food on the health of non-western populations, especially those transitioning to more-prosperous lifestyles. …

Spain, UK raids seize 300,000 doses of fake drugs

LONDON (Reuters) – Police across Europe have seized almost 300,000 doses of counterfeit anti-impotence and weight-loss medicines, highlighting the prevalence of fake drugs in the region. Britain’s Medicines and Healthcare products Regulatory Agency (MHRA) said on Tuesday that four people had been arrested in Spain and two in Britain following an international operation lasting several months. The suspects appeared to have been importing the bogus medicines from Asia – mainly China and Singapore – and distributing them via the Internet to customers throughout Europe, officials said. …

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