By Pushkala Aripaka (Reuters) -AstraZeneca plans to file for regulatory approval of its experimental blood pressure treatment before the end of the year, a senior company executive said, about a product seen as key to the drugmaker’s long-term sales strategy. The company is aiming for potential approvals in 2026 for the drug, baxdrostat, starting with …
AstraZeneca to seek approval for blood pressure drug by year-end Read More »
PARIS (Reuters) -Workers at France’s EDF will strike from late on Monday for three days, the utility said on its website on Saturday, adding to a series of strikes expected next month in protest against proposed budget cuts by the government. EDF, the country’s top power producer, said the strike would run from Monday from …
Staff at France’s EDF plan three-day strike from September 1 Read More »
By Vladimir Soldatkin and Olesya Astakhova MOSCOW (Reuters) -The chief executive of Russia’s Rosneft said net income sank more than 68% to 245 billion roubles ($3 billion) in the first half due to weak oil prices that were dragged down by production hikes by Saudi Arabia and other OPEC states. The comments from the head …
Rosneft net income drops 68% in first half, blames OPEC for weak oil prices Read More »
By Jeff Horwitz (Reuters) -Meta has appropriated the names and likenesses of celebrities – including Taylor Swift, Scarlett Johansson, Anne Hathaway and Selena Gomez – to create dozens of flirty social-media chatbots without their permission, Reuters has found. While many were created by users with a Meta tool for building chatbots, Reuters discovered that a …
(Reuters) -Global ratings agency S&P upgraded Portugal’s rating to “A+” from “A” on Friday, citing expectations of further external financial deleveraging as a key driver behind the upgrade. Despite heightened global and trade uncertainty, Portugal is set to post moderate growth and continues to enhance its external financing, the agency said. Portugal’s economy rebounded in …
S&P upgrades Portugal’s rating to ‘A+’ on economic resilience Read More »
SAO PAULO (Reuters) -Volkswagen’s Brazil unit has been ordered to pay 165 million reais ($30.44 million) in damages for subjecting workers on a farm to slavery-like conditions in the 1970s and 1980s, labor prosecutors said on Friday. A labor court found that hundreds of workers at a Volkswagen-run ranch were subjected to degrading work conditions, …
Volkswagen’s Brazil unit ordered to pay $30 million for decades-old ‘slave labor’ case Read More »
(Reuters) -Kraft Heinz is closing in on a plan to break itself up, the Wall Street Journal reported on Friday, citing people familiar with the matter. The transaction, aimed to split the company into two separate units focusing on grocery and sauces, respectively, could be finalized and announced as early as next week, the report …
By Jonathan Stempel NEW YORK (Reuters) -Nineteen former Credit Suisse executives and directors reached a $115 million settlement of shareholder claims that their poor risk management caused significant losses in 2020 and 2021, including from Archegos Capital Management, heralding the bank’s demise. A preliminary settlement of the shareholder derivative lawsuit was approved on Thursday by …
Credit Suisse ex-officials reach $115 million settlement over risk management Read More »
MADRID (Reuters) -Spain’s BBVA said on Friday it had adjusted its takeover offer for Sabadell to maintain its value after the latter’s interim dividend payment, as it awaits the supervisor’s approval for its now over 15 billion euro ($17.56 billion) hostile bid. Following Sabadell’s payment on Friday of a 0.07 euro interim dividend against 2025 …
Spain’s BBVA tweaks bid for Sabadell following dividend payment Read More »
By Medha Singh and Sukriti Gupta (Reuters) -European shares closed lower on Friday, hitting their lowest in over two weeks, weighed down by British banks, while investors assessed economic data in the U.S. and the euro zone. Natwest dropped 4.8%, while Barclays and Lloyds shed 2.2% and 3.4%, respectively, as a think tank recommended Britain’s …
European shares post first weekly loss in four as banks weigh Read More »
