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By Eva Mathews (Reuters) -GSK raised its full-year profit forecast on Wednesday on strong demand for vaccines and specialty medicines though it noted sales growth would slow in the second half. CEO Emma Walmsley’s strategy has focussed on vaccines and infectious diseases and a shift in its HIV focus to long-acting treatment and prevention therapies. …

GSK raises 2024 profit forecast but says sales growth to slow in 2nd half Read More »

By James Davey LONDON (Reuters) -British clothing retailer Next on Wednesday kept its forecast for annual profit after reporting a 5.7% rise in first-quarter full price sales, slightly ahead of its guidance. With more than 800 stores in the UK and Ireland and nearly 8 million online customers, Next is often considered a gauge of …

Britain’s Next keeps profit guidance after first-quarter sales rise Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Microsoft-backed startup OpenAI on Monday found itself the target of a privacy complaint by advocacy group NOYB for allegedly not fixing incorrect information provided by its generative AI chatbot ChatGPT that may breach EU privacy rules. ChatGPT, which kickstarted the GenAI boom in late 2022, can mimic human …

OpenAI’s ChatGPT targeted in Austrian privacy complaint Read More »

By Bart H. Meijer AMSTERDAM (Reuters) -Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to resolve claims over recalled breathing devices in the United States. Philips said it had agreed to pay $1.1 billion to settle all personal injury claims filed in the U.S., ending uncertainty that …

Philips shares surge on US recall settlement news Read More »

(Reuters) -U.S. regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, underscoring the challenges facing regional banks a year after the collapse of three peers. Philadelphia-based Republic First, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department of Banking and Securities. The Federal …

US regulators seize troubled lender Republic First, sell it to Fulton Bank Read More »

By Gabriel Araujo SAO JOSE DOS CAMPOS (Reuters) -The chief executive of Brazil’s Embraer said on Friday that supply chain issues impacting planemakers have been improving but some challenges remain. Francisco Gomes Neto told reporters at an event in Sao Jose dos Campos, where the company is based at, that Embraer is in a “very …

Planemaker Embraer CEO says supply chain has been improving Read More »