OSLO (Reuters) -Norwegian labour unions have agreed to a wage deal, averting a strike at floating offshore oil and gas drilling rigs that would have disrupted exploration, unions and company representatives said on Friday evening. Unions had said that 438 workers on three rigs were prepared to strike initially if the talks failed, but no …
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By Bhanvi Satija (Reuters) -Treatments designed to help patients preserve muscle while losing weight with popular obesity drugs by Eli Lilly and Novo Nordisk could generate more than $30 billion in sales by 2035, analysts at TD Cowen said on Friday. About a dozen companies are racing to develop such therapies, most of which are …
Muscle-preserving drugs could generate over $30 billion in sales by 2035, TD Cowen says Read More »
(Reuters) -French heart prosthesis company Carmat is in a critical financial situation and will be at risk of insolvency by the end of this month, it said in a statement on Friday. Carmat needs 3.5 million euros ($4.04 million) to avoid insolvency by the end of June, it said. It said it is actively exploring …
French heart prosthesis firm Carmat at risk of insolvency by end-June Read More »
ORLANDO, Florida (Reuters) – – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist I’d love to hear from you, so please reach out to me with comments at . You can also follow me at @ReutersJamie and @reutersjamie.bsky.social. Cautious optimism around a possible de-escalation in the week-long war …
LONDON (Reuters) -The London Metal Exchange has imposed new restrictions on holders of large positions in nearby contracts amid low inventory levels, it said on Friday. LME took action after premiums for nearby copper contracts jumped to their highest levels since October 2022. The exchange, the world’s oldest and largest market for industrial metals, said …
LME imposes new restrictions on holders of large positions Read More »
(Reuters) -Britain’s Thames Water may be required to restate its financial accounts for the year ended March 2024, the Financial Times reported on Friday, marking another potential setback for the struggling utility as it seeks to avert nationalisation. Thames Water is trying to understand the consequences of having to restate key figures in its accounts …
UK’s Thames Water may be required to restate accounts, FT reports Read More »
ST PETERSBURG, Russia (Reuters) -Russian President Vladimir Putin said on Friday that oil prices had not risen significantly due to the conflict between Iran and Israel, and that there was no need for the OPEC+ group of oil producers to intervene in oil markets. Oil prices have rallied as a week-old air war between Israel …
Putin says no need for OPEC+ to intervene in oil market due to Iran-Israel conflict Read More »
(Reuters) -Global companies are grappling with a surge in cyber and ransomware attacks, with increasingly sophisticated threat actors disrupting operations and compromising sensitive data across diverse sectors — from healthcare and financial services to retail and regulatory bodies. Here is a list of companies and regulators across the U.S., UK, and European Union that have …
Factbox-Cyber threats disrupt global firms in US, UK and EU Read More »
PARIS (Reuters) -Dassault Aviation and the French government signed on Friday an agreement whereby France’s armed forces ministry would support the development of Dassault Aviation’s VORTEX spaceplane demonstrator. The agreement was signed at the Paris Airshow between French armed forces minister Sebastien Lecornu and Dassault Aviation CEO and Chairman Eric Trappier. The government support for …
Dassault Aviation gets French government support for its VORTEX spaceplane demonstrator Read More »
ST PETERSBURG, Russia (Reuters) -Russia’s Prosecutor General Igor Krasnov, who has led the state’s efforts to seize property worth 2.4 trillion roubles ($31 billion), on Friday said foreign companies that return to the country would be watched closely to ensure Russia benefited. Moscow has placed around a dozen foreign-owned assets under state management in the …
Moscow promises to closely monitor foreign businesses that return to Russia Read More »
