By Dan Catchpole (Reuters) -Boeing reached a settlement with a Canadian man whose family died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX, the man’s lawyer said on Friday. The terms of the settlement with Paul Njoroge of Toronto were not released. The 41-year-old man’s wife Carolyne and three young children – …
Boeing settles with Canadian man whose family died in 737 MAX crash Read More »
By Rae Wee and Lucy Raitano SINGAPORE (Reuters) -The euro briefly hit a three-week low on Monday before partially recovering, while the dollar gained marginally after U.S. President Donald Trump threatened to impose a 30% tariff on imports from two of the largest U.S. trading partners from August 1. Analysts pointed to the so-called TACO …
By Emilio Parodi MILAN (Reuters) -An Italian court has placed LVMH group’s high-end Italian cashmere firm Loro Piana under judicial administration for a year after allegedly uncovering worker abuse inside its supply chain, in the latest in a string of cases that have tainted the image of Italy’s luxury brands. Loro Piana Spa is the …
LVMH’s Loro Piana put under court administration in Italy over labour exploitation Read More »
By Nell Mackenzie and Wayne Cole LONDON/SYDNEY (Reuters) -World shares ticked lower on Monday, with European shares slipping as the latest salvo of threats in the U.S. tariff wars kept investors on edge, although there were some hopes this would prove to be mostly bluster by President Donald Trump. The pan-European STOXX 600 index was …
By Libby George and Marc Jones LONDON (Reuters) -The world’s sovereign wealth funds are turning to active fund management and investments in China, while central banks are diversifying reserves to weather a volatile global environment, an Invesco survey of sovereign funds and central banks managing $27 trillion in assets showed. Still, the dollar reigns supreme, …
Wealth funds warm to active management – and China – to weather volatility, report shows Read More »
By Rae Wee SINGAPORE (Reuters) -Bitcoin crossed the $120,000 level for the first time on Monday, marking a milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Bitcoin scaled a record high of $122,571.19, before pulling back slightly to last trade 2.4% higher at $121,952.61. Later …
By Pushkala Aripaka and Maggie Fick LONDON (Reuters) -AstraZeneca said on Monday its experimental drug baxdrostat significantly lowered blood pressure in a late-stage trial of patients with treatment-resistant hypertension. The news sent shares of the Anglo-Swedish drugmaker up by almost 2%. The company said it expects peak annual sales for the drug to exceed $5 …
AstraZeneca drug lowers high blood pressure in late-stage study; shares rise Read More »
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -Chinese banks extended 2.24 trillion yuan ($312 billion) in new loans in June, more than triple May’s total, and beating analysts’ forecasts, helped by stimulus measures and a trade truce with the United States. Analysts polled by Reuters had predicted new yuan loans would reach 1.8 trillion …
China’s June new yuan loans beat forecast after stimulus and trade truce Read More »
LONDON (Reuters) -Low-cost carrier Wizz Air said on Monday it was quitting its Abu Dhabi operation after six years to focus on its main European market, citing geopolitical instability and limited market access. Wizz, which originally focused on central and eastern Europe but expanded into Britain, Italy and Austria, said in future it would concentrate …
By Alexander Hübner and Emma-Victoria Farr FRANKFURT/MUNICH (Reuters) -German energy firm Techem will remain in the hands of investor Partners Group after its sale to U.S. financial investor TPG fell through in May, the Swiss private equity firm said on Monday, confirming an earlier report. Partners Group will transfer its majority stake in the heating …
Partners Group transfers Techem stake to its infrastructure fund Read More »
