Category: Reuters
-
Italy’s Leonardo working with Thales, Airbus on new space strategy By Reuters
•
ROME (Reuters) – Italian aerospace and defence group Leonardo is working with France’s Thales and Airbus on a joint strategy for the space sector, the head of the group said on Tuesday. “We are very active in stimulating large European alliances… and now we are working hard with Thales and…
-
Exclusive-In blow to Biden, Teamsters consider no endorsement in 2024 race By Reuters
•
By Trevor Hunnicutt and Garrett Renshaw WASHINGTON (Reuters) – President Joe Biden is on the verge of failing to win a key union endorsement as leaders of the 1.3 million-member Truck Drivers Association consider not backing any candidate at all in the U.S. presidential race, two people familiar with the…
-
Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports By Reuters
•
(Reuters) – Activist investor Starboard has a stake of more than 6.5% in Tinder owner Match and is pushing for a potential sale if the turnaround attempts fail, the Wall Street Journal reported on Monday, citing people familiar with the matter. Match shares rose about 9% in extended trading after…
-
UK building firms face worst recruitment problems, survey shows By Reuters
•
LONDON (Reuters) – Construction and engineering companies are bearing the brunt of Britain’s labour shortage, a survey showed, highlighting the challenge facing Prime Minister Keir Starmer in delivering on his plans to boost housing and infrastructure. The British Chambers of Commerce’s quarterly recruitment survey showed 82% of construction and engineering…
-
Argentina’s parallel peso strengthens on new economic measures, stock index plummets By Reuters
•
BUENOS AIRES (Reuters) – Argentina’s black market peso strengthened against the U.S. dollar on Monday while local stocks suffered after new economic measures introduced by President Javier Milei’s government over the weekend took effect. Argentina’s economy minister on Saturday announced a plan to halt expansion of the monetary base in…
-
Vertex sues US over fertility support program for Casgevy gene editing therapy By Reuters
•
(Reuters) – Vertex Pharmaceuticals Inc. sued the U.S. Department of Health and Human Services on Monday seeking a court declaration that its fertility support program for patients prescribed its gene-editing treatment Kasgevi does not violate federal anti-kickback laws. Casgevy is approved to treat two genetic disorders — sickle cell disease…
-
Vertex sues US over fertility support program for Casgevy gene editing therapy By Reuters
•
(Reuters) – Vertex Pharmaceuticals Inc. sued the U.S. Department of Health and Human Services on Monday seeking a court declaration that its fertility support program for patients prescribed its gene-editing treatment Kasgevi does not violate federal anti-kickback laws. Casgevy is approved to treat two genetic disorders — sickle cell disease…
-
Wall St rises as investors bet on second Trump term By Reuters
•
By Lisa Pauline Matakal and Anika Biswas (Reuters) – Wall Street stocks jumped in positive trading on Monday, as presidential candidate Donald Trump’s chances of winning a second term increased after surviving an assassination attempt, while hopes of lower interest rates also helped market sentiment. Under Trump, markets expect a…
-
PayPal fined $27.3 million by Polish watchdog for ambiguous clauses By Reuters
•
WARSAW (Reuters) – Poland’s antitrust and consumer watchdog said on Monday it had fined PayPal Europe 106.6 million zlotys ($27.3 million) for failing to make clear in contractual terms to consumers which activities could result in fines. UOKiK said that prohibited activities that could result in penalties were described in…
-
Atos secures funding of $1.82 billion to restructure its debt By Reuters
•
French IT company Atos said on Monday it had secured 1.675 billion euros ($1.82 billion) in financing to restructure its debt through a closing agreement with a group of banks and bondholders representing more than 50% of its creditors. Atos said the remaining creditors have until July 22 to participate…
-
Adviser to Democratic donor apologizes for saying Trump shooting may be staged By Reuters
•
Written by Kanishka Singh WASHINGTON (Reuters) – An adviser to a major Democratic donor apologized on Sunday for suggesting that the shooting of former Republican President Donald Trump may have been staged. Dmitri Melhorn, a Democratic strategist, is an adviser to billionaire Reid Hoffman, co-founder of social media platform LinkedIn,…
-
Aussie banks to return $19 million charged in high fee to low-income customers By Reuters
•
(Reuters) – Four Australian banks will return a total of A$28 million ($18.95 million) to low-income customers after a review by the corporate regulator found they were kept in high-fee accounts despite being eligible for cheaper products. ANZ, Commonwealth Bank of Australia, Bendigo Bank, Adelaide Bank and Westpac held at…
-
Dollar sees safe-haven gains; sliding yen stays on intervention watch By Reuters
•
Written by Ray Wee SINGAPORE (Reuters) – The dollar rose on Monday amid safe-haven demand following the assassination attempt on former U.S. President Donald Trump, leaving the yen struggling to survive despite suspected intervention efforts by Tokyo. Trading was thin in Asia due to a holiday in Japan, although news…
-
Treasuries slip, dollar firm as markets grapple with US politics By Reuters
•
By Wayne Cole SYDNEY (Reuters) – U.S. bond futures fell and the dollar rose on Monday as investors bet that the attack on U.S. presidential candidate Donald Trump would make his victory more likely while introducing a whole new level of political uncertainty into markets. A holiday in Japan led…
-
Trump shooting overshadows markets, China GDP in spotlight By Reuters
•
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A dramatic escalation in political tensions and violence in the United States following Saturday’s assassination attempt on former President Donald Trump looms over global markets on Monday, with Asian assets the first to show what impact…
-
Investors react to shooting at Trump election rally By Reuters
•
(Reuters) – U.S. President Donald Trump was shot in the ear during a campaign rally in Pennsylvania on Saturday in what authorities said was being treated as an assassination attempt. Trump’s campaign later said he was in “good condition” and appeared to have suffered no serious injuries other than a…
-
Goldman challenges Fed’s demand it hold more capital after stress test, FT reports By Reuters
•
(Reuters) – Goldman Sachs has appealed to the U.S. Federal Reserve over its results in the latest “stress test” by the Fed that is set to force the bank to hold more capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Federal Reserve’s annual stress…
-
World leaders condemn shooting at Trump rally, denounce political violence By Reuters
•
By Kanishka Singh WASHINGTON (Reuters) – Various world leaders on Saturday condemned the shooting at a Donald Trump rally in Pennsylvania in which the former president was shot in the right ear and a rally attendee and the shooter were killed. Leaders from several countries expressed shock at the incident,…
-
Fitness guru Richard Simmons dead at 76, media reports say By Reuters
•
By Rich Mackay (Reuters) – Fitness guru Richard Simmons has died at the age of 76, multiple media outlets, including ABC News and TMZ, reported. His housekeeper reportedly found him unconscious on Saturday morning and the Los Angeles Police Department was called. TMZ reported that police are treating the incident…
-
Boeing begins 777-9 certification flight trials with US FAA By Reuters
•
(Reuters) – Boeing Co has begun flight tests of its long-awaited 777-9 jetliner with U.S. aviation regulators on board, the U.S. planemaker said in an emailed statement. The company said it made its first flight on Friday evening after receiving its Type Inspection Authorization (TIA). The development is a boost…