By Elizabeth Piper LONDON (Reuters) – Prime Minister Keir Starmer will warn Britons next week that the changes needed to fix Britain’s many problems will take time, saying “things will get worse before we get better” in a speech he describes as a chance to level with the public. After being elected as prime minister …
‘Things will get worse’ – PM Starmer says fixing UK problems will take time Read More »
JACKSON HOLE, Wyoming (Reuters) -The European Central Bank is making “good progress” in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still needed, ECB chief economist Philip Lane said on Saturday. The ECB cut interest rates for the first time in June after a record …
ECB making good progress but job not done, Lane says Read More »
(Reuters) -Swiss drugmaker Novartis said on Saturday it had received a binding offer from Germany’s Siemens Healthineers to acquire its molecular imaging business for Fluorine-18 positron emission tomography, or PET scans. The German health technology company will pay more than 200 million euros ($224 million) to acquire the diagnostic arm of Advanced Accelerator Applications, owned …
Novartis receives binding offer from Siemens Healthineers for molecular imaging business Read More »
ZURICH (Reuters) – Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with Swiss daily Blick, Keller-Sutter extolled Switzerland’s “disciplined” finances, which she said had enabled the country to deal …
Swiss finance minister chides US, Europe over ‘time bomb’ debt levels Read More »
(Reuters) -Eli Lilly’s treatment for early Alzheimer’s is expected to be blocked for use by Britain’s National Health Service (NHS), the Telegraph reported on Friday. The drug donanemab would be rejected by the National Institute for Health and Care Excellence (NICE), which decides what drugs are available on the NHS, the newspaper reported citing insiders. …
Eli Lilly Alzheimer’s drug to be blocked for use by NHS, The Telegraph reports Read More »
By Jessica DiNapoli and Nigel Hunt NEW YORK (Reuters) -Swiss chocolate maker Barry Callebaut said on Friday it had halted operations at one of its plants in Mexico after tests found that production at that site did not meet the company’s quality standards. A spokesperson for Barry Callebaut, which is also one of the world’s …
Chocolate maker Barry Callebaut halts production at Mexico plant Read More »
(Reuters) -Former U.S. media executive Edgar Bronfman Jr. is open to Shari Redstone remaining involved with Paramount Global if its special committee accepts his consortium’s bid for the company’s controlling shareholder National Amusements, CNBC reported on Friday. On Wednesday, Bronfman sweetened his bid to take over Paramount, offering $6 billion for National Amusements and a …
Bronfman’s Paramount bid could keep Shari Redstone involved, CNBC reports Read More »
By Marc Jones (Reuters) – Ukraine extended an incentivised “early consent” deadline on Friday for international bondholders to back its plan to restructure more than $20 billion of its debt due to what it described as “technical issues”. The deadline was due to run until Friday, but Ukraine’s Finance Ministry said in a statement that …
Ukraine extends ‘early consent’ deadline for debt restructuring Read More »
By Dietrich Knauth and Mike Spector NEW YORK (Reuters) -Johnson & Johnson said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal. J&J has announced plans to finalize a $6.48 …
J&J in talks with holdouts to $6.5 billion talc settlement Read More »
(Reuters) – Apple is planning its biggest product launch event of the year on Sept. 10, during which it will unveil the latest iPhones, watches and AirPods, Bloomberg News reported on Friday, citing people familiar with the situation. The company is making preparations for that date, even though the timing has not yet been announced, …
