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By Blake Brittain (Reuters) -Apple Inc’s Apple Watches with an electrocardiogram (ECG) function infringe patents belonging to medical device maker AliveCor Inc, the U.S. International Trade Commission affirmed on Thursday. The ITC said imports of the infringing watches should be banned, but that it would not enforce a ban until appeals were finished in a …

Apple Watches violate AliveCor patents but import ban on hold -U.S. ITC Read More »

A look at the day ahead in European and global markets from Ankur Banerjee Ignoring a hawkish Fed, investors attempted the briefest of Santa rallies this week but revised U.S. GDP data and relatively low claims for unemployment benefits have brought back worries of higher-for-longer interest rates. And so the safe-haven U.S. dollar is back …

Marketmind: Grinch (re)appears Read More »

By Nyasha Chingono HARARE (Reuters) – As dusk descends on the dimly lit central business district of Zimbabwe’s capital Harare, a steady stream of home-bound workers flows into a sea of informal traders hawking a mixture of basic foods, clothes and electronic devices. The crowds of night-time street traders have expanded as the southern African …

Zimbabwe’s night markets cushion crisis-weary citizens from inflation Read More »

MOSCOW (Reuters) – The Russian rouble weakened in early trade on Friday, cutting short a slight recovery in the previous session as fears over oil and gas sanctions unnerved markets, though it got some support from a month-end tax period. At 0706 GMT, the rouble was 0.8% weaker against the dollar at 69.74, slipping back …

Volatile rouble falls again, cutting short slight recovery Read More »

WASHINGTON (Reuters) – General Motors Co said Tuesday it is recalling 140,000 Chevrolet Bolt EVs in North America because the carpet could catch fire after a crash where a front seat belt pretensioner deploys. The U.S. automaker said the recall covers various 2017 through 2023 model year Chevrolet Bolt EV vehicles due to rare instances …

GM recalls 140,000 Chevrolet Bolt EVs over fire risks Read More »

By Carolina Mandl and David Randall NEW YORK (Reuters) – This year’s steep decline in U.S. equities is juicing the returns of short sellers, who are on track for their first yearly gain since 2018 thanks in part to bets against shares of Tesla, Amazon.com and other megacap growth stocks that have led markets higher …

Short sellers gain nearly $304 billion after tumble in U.S. stocks Read More »

(Reuters) – Cryptocurrency firm Bullish and special purpose acquisition company Far Peak Acquisition Corp said on Thursday they had called off their $9 billion merger deal. (Reporting by Anirban Chakroborti in Bengaluru; Editing by Anil D’Silva)

(Reuters) – Mersana Therapeutics Inc said on Thursday it had signed a deal for developing cancer drugs with Germany’s Merck KGaA that has the potential to generate up to $800 million in milestone payments. Mersana would receive $30 million in an upfront payment, which would be used to develop drugs known as antibody-drug conjugates (ADCs), …

Mersana signs deal with Merck KGaA for cancer therapy development Read More »