By Luiza Ilie CONSTANTA, Romania (Reuters) – At the Romanian Black Sea port of Constanta dockers have worked for months to ship out Ukrainian grain in addition to their usual loads from Romania and its land-locked neighbours. Shipments arrive constantly. The grain, which is poured onto conveyor belts in Constanta terminals, makes the air smell…
Better-than-expected COVID-19 vaccine sales pushed Moderna past Wall Street’s second-quarter forecasts. The company said that its Spikevax vaccine brought in $4.53 billion during the quarter. Analysts were looking for around $3.6 billion, according to FactSet. Moderna shares surged Wednesday after the company also announced another $3 billion share buyback plan. Moderna’s vaccine sales in the…
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods increased solidly in June and business spending on equipment was stronger than initially thought, pointing to underlying strength in manufacturing despite rising interest rates. The Commerce Department said on Wednesday that factory orders rose 2.0% in June after advancing 1.8% in May. Economists polled by Reuters had…
DUBLIN (Reuters) – Ryanair flew its highest-ever number of passengers in a month in July, while the average proportion of empty seats per flight fell back to pre-COVID levels of 4%, the low-cost airline said in a statement on Wednesday. The Irish airline, which made a point of keeping its pilots and crew up-to-date with…
NEW YORK (AP) — Country superstar Dolly Parton, who made a big donation to help fund coronavirus vaccine research in 2020, is among this year’s Carnegie Medal of Philanthropy recipients. Also being honored are Dallas entrepreneur Lyda Hill, Kenyan industrialist Manu Chandaria, and Lynn and Stacy Schusterman, from the Oklahoma investment family. The award, presented…
WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry. The latest bipartisan proposal came Wednesday…
(Reuters) -Yum Brands Inc missed quarterly earnings estimates on Wednesday as increased costs of ingredients, labor and packaging material took a bite out of the Pizza Hut owner’s profits. The restaurant group has been raising prices of tacos, fried chicken and pizzas but could not fully counter the blow from a 4% increase in overall…
By Danilo Masoni MILAN (Reuters) – World stocks stabilised on Wednesday as markets weighed risks from U.S. House Speaker Nancy Pelosi’s visit to Taiwan and comments from Federal Reserve officials talking up the chance of aggressive interest rate hikes. MSCI’s benchmark for global stocks was broadly unchanged by 1127 GMT following Tuesday’s drop that took…
ISTANBUL (AP) — Annual inflation in Turkey soared to nearly 80% in July, official data showed Wednesday, with skyrocketing food, housing and energy prices hitting consumers hard. The Turkish Statistical Institute said consumer prices rose by 79.6% from a year earlier, up about 1 percentage point from June data. Independent experts say inflation is much…
CVS Health thumped second-quarter expectations and hiked its full-year forecast as growing prescription claims and COVID-19 test kits sales countered a drop in vaccinations. A longer cough, cold and flu season also brought in more business, and claims in CVS Health’s biggest segment, pharmacy benefits management, rose about 4%. Pharmacy sales at the company’s established…
