Updated Archives - Page 3396 of 3399

Canadian grocery retailer Loblaw wins offshore tax case in top court

3 Dec 2021 3 Dec 2021

OTTAWA (Reuters) – Canadian grocery retailer Loblaw Companies Ltd does not have to pay tax on income earned by an offshore subsidiary, the country’s Supreme Court said on Friday, a decision that could have implications for other companies. The case revolved around a Barbados-based bank linked to the company. Loblaw successfully argued the bank was …

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BioNTech CEO says vaccine upgrade on the cards, ready to move quickly

3 Dec 2021 3 Dec 2021

By Ludwig Burger FRANKFURT (Reuters) -BioNTech should be able to adapt its coronavirus vaccine relatively quickly in response to the Omicron variant, and the next few weeks will show how urgently an upgrade is needed, its CEO Ugur Sahin told the Reuters Next conference on Friday. Sahin said people should continue to seek the established …

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BioNTech CEO says vaccine upgrade on the cards, ready to move quickly

3 Dec 2021 3 Dec 2021

BioNTech CEO says vaccine upgrade on the cards, ready to move quickly Read More »

Cementing ties with France, UAE places $19 billion order for warplanes, helicopters

3 Dec 2021 3 Dec 2021

By John Irish DUBAI (Reuters) -The United Arab Emirates ordered 80 Rafale fighter jets and 12 military helicopters on Friday, deepening economic and political ties with France through an arms contract worth 17 billion euros ($19.20 billion). The largest ever overseas sale of the French warplane was sealed as French President Emmanuel Macron began a …

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WHO’s top scientist says Omicron could displace Delta

3 Dec 2021 3 Dec 2021

By Francesco Guarascio and Stephanie Nebehay (Reuters) -The World Health Organization’s chief scientist told the Reuters Next conference on Friday the Omicron variant could become dominant because it is highly transmissible, but that a different vaccine may not be needed. Soumya Swaminathan also said it was too early to say whether Omicron is milder than …

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WHO’s top scientist says Omicron could displace Delta

3 Dec 2021 3 Dec 2021

WHO’s top scientist says Omicron could displace Delta Read More »

Vaccine makers doing right to look to adjust COVID-19 jabs – WHO

3 Dec 2021 3 Dec 2021

GENEVA (Reuters) – It is “commendable” that makers of COVID-19 vaccines are planning for the “likelihood” of needing to adjust their products to protect against the Omicron variant, a World Health Organization (WHO) spokesperson said on Friday. Christian Lindmeier, speaking at a U.N. briefing in Geneva, said the agency was still studying the transmissibility and …

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Fed’s Bullard wants faster policy tightening, citing ‘inflation shock’

3 Dec 2021 3 Dec 2021

(Reuters) -St. Louis Federal Reserve Bank James Bullard on Friday called for the Fed to begin tightening monetary policy, citing unexpectedly high inflation, strong economic growth and a labor market that is very tight and poised to strengthen further. “These considerations suggest that the FOMC at upcoming meetings may want to consider removing accommodation at …

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Canada posts hefty job gains, but outlook clouded by Omicron variant

3 Dec 2021 3 Dec 2021

By Julie Gordon OTTAWA (Reuters) – Canada’s economy posted an unexpectedly large job gain in November, driving the jobless rate down and hours worked up to pre-pandemic levels, data showed on Friday, but economists say it is unlikely to change the Bank of Canada’s guidance amid worries over a new coronavirus variant. The Canadian economy …

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PayPal says ‘buy now, pay later’ volumes surged 400% on Black Friday

3 Dec 2021 3 Dec 2021

By Rachel Armstrong LONDON (Reuters) – Volumes on PayPal Inc’s ‘buy now, pay later’ platform were five times higher this Black Friday compared with a year earlier as the payments giant starts to gain traction in the fast-growing credit method, the company’s chief executive told the Reuters Next conference. PayPal launched its “Buy in 4” …

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