(Reuters) – Moderna Inc on Thursday cut the annual sales forecast for its COVID-19 vaccine citing short-term supply constraints that would push some vaccine deliveries out to next year, sending its shares down 15% before the bell. The vaccine maker reported sales of $3.36 billion in the third quarter, missing Wall Street estimates of $3.53…
By Silvia Aloisi and Matthieu Protard PARIS (Reuters) -BNP Paribas, the euro zone’s biggest lender, posted a higher than expected net profit in the third quarter, with thriving trading revenue helping to offset rising costs and markdowns on some leverage financing deals. Net income for the three months to end September rose by 10.3% from…
BRUSSELS (AP) — New Italian Premier Giorgia Meloni is coming to Brussels on Thursday — and it’s not the ordinary kind of visit by the leader of a European Union founding nation seeking to renew unshakable bonds with the 27-nation bloc. For some, it brings the Trojan Horse of the far right into the walls…
LONDON (AP) — The Bank of England rolled out its biggest interest rate increase in three decades Thursday, saying the move was needed to beat back stubbornly high inflation that is eroding living standards and is likely to trigger a “prolonged” recession. The central bank boosted its key rate by three-quarters of a percentage point,…
BEIJING (Reuters) – The U.S has “no right” to interfere in Chinese cooperation with Germany, the foreign ministry said Thursday, after Washington “strongly suggested” that Beijing would not get a controlling stake in a contested deal regarding Hamburg’s port terminal. U.S. interference is symptomatic of its practice of coercive diplomacy, Chinese foreign ministry spokesman Zhao…
BANGKOK (AP) — Amnesty International is urging suppliers of aviation fuel to Myanmar to suspend such shipments to prevent the military from using them to conduct air attacks on civilian targets as the number of bombings has increased. In a report released Thursday, the London-based rights group documented diversion of aviation fuel that is supposed…
ANKARA, Turkey (AP) — Annual inflation in Turkey continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and by 3.54% from the previous month, the Turkish Statistical Institute said….
BERLIN (AP) — Chancellor Olaf Scholz is making his first visit to China as German leader this week, a diplomatically delicate trip while Germany and the European Union work on their strategy toward an increasingly assertive and authoritarian Beijing. Scholz’s messages will face close scrutiny. While his nearly year-old government has signaled a departure from…
KYIV, Ukraine (AP) — Not long after Russian tanks rolled into Ukraine, soldiers broke down the office door of Melitopol Mayor Ivan Fedorov. They put a bag over his head, bundled him into a car and drove him around the southern city for hours, threatening to kill him. Fedorov, 34, is one of over 50…
By Kane Wu, Scott Murdoch and Julie Zhu HONG KONG (Reuters) – Wall Street major Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge of the plan said, as dealmaking business takes a hit due to rising inflation and an economic downturn. In Asia…
