(Reuters) -Rogers Communications Inc reported a better-than-expected quarterly profit on Wednesday, as gains in its wireless business helped offset weakness in its cable TV unit. Demand for Rogers’ 5G services has remained high, but increased cord-cutting hurt its cable business. The telecom giant’s wireless revenue grew 10% in the first quarter. Cable revenue fell 2%….
By Ludwig Burger (Reuters) -Switzerland’s Roche said first-quarter sales dropped 7% on falling demand for its COVID-19 therapies and tests, less steep than analysts had expected thanks to strong revenue growth from a new eye drug. Group revenue fell to 15.3 billion Swiss francs ($17.2 billion), the company reported on Wednesday, beating a market view…
By Natalie Grover and Maggie Fick LONDON (Reuters) -GSK began 2023 with a quarterly performance that beat analyst expectations and extended a series of positive results thanks to strong sales of its vaccines as well as HIV and respiratory medicines. The company reaffirmed its guidance for 2023, saying it expected adjusted operating profit growth to…
(Reuters) – First Republic Bank’s advisers have already lined up potential purchasers of new stock in the lender if they can fix the bank’s balance sheet, CNBC reported on Wednesday, citing sources. The embattled lender’s shares were down more than 10% in premarket trading, after hitting a record low in the previous session. First Republic…
By Devjyot Ghoshal BANGKOK (Reuters) – Government and think-tank representatives from Myanmar and its neighbours, including India and China, held talks in New Delhi on Tuesday as part of a secretive effort to de-escalate a bloody crisis in the army-run Southeast Asian nation, two sources said. Myanmar was plunged into conflict and economic chaos in…
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) on Wednesday named an independent safety review team to look at ways to boost air safety after a series of close call incidents. The National Airspace System Safety Review Team includes former FAA Administrator Michael Huerta, former NASA Administrator Charles Bolden, former Air Line…
STOCKHOLM (Reuters) -A research rocket launched by Sweden Space Corp (SSC) early on Monday from Esrange Space Center in northern Sweden malfunctioned and landed 15 km (9.32 miles) inside neighbouring Norway. The rocket reached an altitude of 250 kilometers (155.34 miles) where experiments were carried out in zero gravity, the agency said in a statement….
By Andrew MacAskill LONDON (Reuters) -British foreign minister James Cleverly urged China to be more open about what he called the biggest military build-up in peacetime history and said secrecy around its plans could lead to a “tragic miscalculation”. Relations between Britain and China are the worst in decades after London restricted Chinese investment over…
By David Milliken LONDON (Reuters) – Britain saw a record number of working days lost due to short-term sickness last year and zero annual growth in economic output per hour worked in the final quarter of 2022, according to official data released on Wednesday. The figures from the Office for National Statistics highlight the challenges…
(Reuters) -Humana Inc raised its annual adjusted profit forecast on Wednesday after lower medical costs in the firm’s government-backed health insurance business helped it beat profit estimates in the first quarter. The company’s rosy outlook contrasts uncertainty around 2024 earnings for health insurers staring at the end of COVID-related insurance protection measures and potentially lower…
