(Reuters) – Novo Nordisk said on Thursday it would offer temporary discounts to cash-paying customers for its weight-loss drug Wegovy, in a move that coincides with a deadline for halting sales of cheaper compounded versions. The Danish drugmaker said it would offer the drug at a one-time price of $199 for the first month to …
Novo Nordisk offers discounts on Wegovy as ban on copycats takes effect Read More »
LONDON (Reuters) -Many British public sector workers, including teachers, doctors and members of the armed forces, will get above-inflation pay increases for the second year in a row under the country’s Labour government, according to details published on Thursday. Teachers and doctors will receive increases of 4% while nurses and others health workers will get …
UK gives above-inflation pay rises again to public sector workers Read More »
PARIS (Reuters) -U.S. planemaker Boeing has returned to a more “dynamic” production profile after years of uncertainty surrounding setbacks to its 737 MAX passenger jet, the head of engine maker and key Boeing supplier Safran said on Thursday. Production of the benchmark narrow-body jet stands at almost 38 a month, the ceiling imposed by U.S. …
Boeing back in ‘dynamic’ production mode, engine supplier Safran says Read More »
BANFF, Alberta (Reuters) -Borrowing costs in the euro zone are no longer acting as a drag on economic growth, European Central Bank policymaker Joachim Nagel said on Thursday, calling for caution in future monetary policy decisions. “After seven interest rate cuts, our deposit rate stands at 2.25%, a level that can certainly no longer be …
ECB’s Nagel calls for caution as rates are no longer a drag Read More »
By Vladimir Soldatkin and Oksana Kobzeva MOSCOW (Reuters) -Russia’s state-owned energy giant Gazprom said on Thursday that its board had recommended not paying out a dividend on 2024 results, in line with the government’s position and despite the company returning to profitability last year. The absence of a dividend is unhelpful to the government, which …
Russia’s Gazprom scraps dividend as high interest rates bite Read More »
PARIS (Reuters) -French carmaker Valeo Valeo is ahead of schedule with its cost reduction program, which will be rolled out by Summer, Chief Executive Christophe Perillat told shareholders on Thursday. Valeo targets 150 million euros in cost cuts this year and over 300 million euros per year from 2026. (Reporting by Gilles Guillaume, Writing by …
Valeo ahead of schedule with cost reduction program, CEO says Read More »
By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) -Rio Tinto CEO Jakob Stausholm, who in his 4-1/2 year tenure oversaw a big bet on lithium and a cultural overhaul at a firm strongly criticised for workplace toxicity, is to step down, the miner said on Thursday in a surprise to investors. In a statement to …
Rio Tinto CEO Stausholm to step down in surprise move Read More »
STOCKHOLM (Reuters) -Swedish automotive battery maker Northvolt, which declared bankruptcy in March, plans to wind down its remaining battery cell production in the Nordic country by the end of June, its trustee said on Thursday. Northvolt filed for bankruptcy in Sweden on March 12, making it one of the country’s largest corporate failures and effectively …
Northvolt to wind down battery making in Sweden by the end of June Read More »
(This May 21 story has been corrected to change the company name to Societe Generale from BNP Paribas in paragraph 8) By Sruthi Shankar (Reuters) – European stocks retreated from two-month peaks on Wednesday, led by a drop in the shares of JD Sports and Julius Baer, while investors kept a cautious eye on U.S. …
European stocks ease from 2-month highs as JD Sports, Julius Baer slide (May 21) Read More »
FRANKFURT (Reuters) -The Euro zone inflation shock is nearly defeated and even if a global trade war could push up prices later on, projecting stability in turbulent times was key, ECB policymakers argued when they cut interest rates in April, the accounts of their meeting showed. The European Central Bank cut interest rates for the …
With inflation nearly tamed, ECB keen to project stability, accounts show Read More »
