By Leroy Leo and Khushi Mandowara (Reuters) -Abbott Laboratories said on Wednesday delayed non-urgent surgeries had resumed globally three years into the COVID-19 pandemic as hospital staff shortages eased and customers became regular with health check-ups, sending its shares up 5%. The much-awaited recovery in elective surgeries led the company to effectively raise forecast for…
By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on a procurement network it accused of supporting Iran’s drone and military programs, targeting companies and suppliers in China, Iran and elsewhere in the fresh action aimed at increasing pressure on Tehran. The U.S. Treasury Department in a statement said it imposed sanctions…
By Clara Denina and Yadarisa Shabong LONDON (Reuters) -Glencore has told Teck Resources shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table. In an open letter on Wednesday, Glencore said it would consider taking the…
By Lisa Barrington DUBAI (Reuters) – Omanis no longer need state permission to marry a foreign national according to a royal decree issued this week, a rare example of social reform in the conservative Gulf country. Sultan Haitham bin Tariq al-Said has, since assuming power in 2020 after the 50-year reign of the late Sultan…
By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court on Wednesday bolstered a bid by Turkey’s state-owned lender Halkbank to avoid criminal charges in the United States for allegedly helping Iran evade American economic sanctions. The justices threw out a lower court’s ruling that had allowed the prosecution to proceed. They ordered the Manhattan-based 2nd…
LONDON (Reuters) – A number of banks including Morgan Stanley and Deutsche Bank on Wednesday revised upward expectations for further UK interest rate hikes as a second straight day of data suggested price pressures remain elevated. Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected,…
By Oliver Denzer and Laurie Chen HAMBURG/BEIJING (Reuters) -Dazed and terrified, Yicheng Huang narrowly managed to escape being detained by police in Shanghai while attending historic protests calling for an end to China’s COVID-19 curbs that spread across numerous cities last November. The protests, unprecedented in President Xi Jinping’s decade in power, were suppressed by…
By Abinaya V and Aditya Soni (Reuters) -Tesla Inc cut prices for some of its Model Y and Model 3 vehicles in the U.S. for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world. The cuts came ahead of Tesla’s first-quarter earnings, due after markets close…
By Nick Carey and Sachin Ravikumar LONDON (Reuters) -Jaguar Land Rover (JLR) will invest 15 billion pounds ($19 billion) over the next five years in electric vehicles (EVs) and promised on Wednesday to deliver a new electric Jaguar in 2025 as the British luxury carmaker plays catch-up with rivals. JLR, which is owned by India’s…
AMSTERDAM (Reuters) – China is seeking to acquire equipment and knowledge in the Dutch space sector, sometimes in circumvention of export restrictions, the Netherlands’ military intelligence agency said on Wednesday. The agency, known by its Dutch acronym MIVD, said in its 2022 annual report that its analysis “shows the Chinese satellite launch capacity will increase…
