SAO PAULO (Reuters) – Japan’s Softbank Group Corp (9984.T) named entrepreneur Ralf Wenzel as chief executive at its Latin American Tech Hub, with the goal of creating joint ventures among Softbank-backed companies in an effort to expand in the region. Softbank said in a statement the group wanted to create 50 partnerships in five years, […]
Britain is facing a drug shortage that could leave millions of people without access to basic medication, a report has warned. Pharmacists have said there are shortages of almost every major type of medicine – including painkillers, contraceptives and diabetes tablets. This includes common painkillers, blood pressure pills and hormone replacement therapy (HRT), typically used to […]
BRUSSELS (Reuters) – The World Trade Organization said it would publish at 4 p.m. (1400 GMT) its decision on a U.S. request to take action against the European Union in a long-running aircraft subsidy dispute. The WTO has found that both European planemaker Airbus (AIR.PA) and its U.S. rival Boeing (BA.N) received billions of dollars […]
Other airlines could follow Thomas Cook into liquidation because of growing pressure on the travel industry, the author of a government review of aviation has warned. Peter Bucks was commissioned to examine the industry following the collapse of Monarch Airlines in 2017 and his report, published in May, includes recommendations intended to ensure consumers and […]
Irish oil and gas exploration group Providence Resources said on Tuesday that it is to end its exclusive relationship with a Chinese backer after the deadline to receive a $9m (€8.2m) loan from the Apec group passed without the funds materialising. As recently as Monday, the company had said it expected the funding to arrive, […]
CHICAGO (Reuters) – Deere & Co (DE.N) on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand. The layoffs come weeks after the company said it would reduce production by 20% at its facilities in Illinois and Iowa […]
(Reuters) – Wall Street tumbled on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, ratcheting up fears that a U.S.-China trade war could hobble the world’s largest economy. Investors moved to the safety of U.S. Treasuries after the manufacturing activity index showed a reading of […]
(Reuters) – Wall Street’s main indexes shed as much as 1% on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, deepening worries about the impact of a U.S.-China trade war on the world’s largest economy. The indexes gave up early gains after the manufacturing activity […]
UK Prime Minister Boris Johnson says he will know within days if a Brexit deal is possible, as he prepares to table a proposal to the EU. The Prime Minister’s formal proposals are due to be submitted to Brussels later this week and Mr Johnson said it would soon become apparent if there is “no […]
(This September 30 story has been refiled to correct company name in paragraph 11 to “Amundi” from “Amundi Pioneer”) By David Randall NEW YORK (Reuters) – A rise in U.S. technology stocks and better-than-expected economic data in China pushed global equity markets higher Monday, despite reports that Washington was considering escalating its trade war with […]