By Natalie Grover and Aby Jose Koilparambil (Reuters) -GSK plans to buy Canada-based drug developer Bellus Health Inc in an all-cash deal for $2 billion as the British drugmaker expands its bet on respiratory therapies. The move to replenish its pipeline comes as GSK investors fret about whether there is enough in the medicine cabinet…
By Tim Hepher PARIS (Reuters) – Airbus has started notifying airlines about delivery delays in 2024 for its best-selling A320neo family of jets, with several hundred of the single-aisle planes set to be postponed by as much as three months, industry sources said on Tuesday. Airbus confirmed unspecified delays for 2024 in a statement to…
By Jasper Ward (Reuters) -Prosecutors charged an 84-year-old white Kansas City man with two felonies on Monday in the shooting of a Black teenager who was wounded after walking up to the wrong house when going to pick up his younger twin brothers. Andrew Lester was charged with first-degree assault, which could bring a sentence…
(Reuters) – China’s economy grew at a faster-than-expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December. Analysts polled by Reuters had expected gross domestic product (GDP) to expand 4.0% from a year earlier, quickening from…
(Reuters) – A Moscow court was due to hear an appeal by U.S. reporter Evan Gershkovich on Tuesday against his arrest and detention on espionage charges. WHO IS GERSHKOVICH? Hired by the Wall Street Journal shortly before Moscow’s invasion of Ukraine last year, Gershkovich had been reporting on Russia for more than five years at…
By David Lawder WASHINGTON (Reuters) – The U.S. Internal Revenue Service declared on Tuesday that it is completing its first “normal” tax filing season since the COVID-19 pandemic struck in 2020, with a backlog of millions of unprocessed returns from previous years fully cleared. New IRS Commissioner Danny Werfel told reporters that the initial spending…
(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 restrictions last December helped boost growth. J.P.Morgan and Citi upgraded their annual economic growth forecast for the world’s second-largest economy by 40 basis points to 6.4% and 6.1% year-on-year, respectively….
By Luc Cohen NEW YORK (Reuters) -U.S. federal agents arrested two New York residents for allegedly operating a Chinese “secret police station” in the Chinatown district of Manhattan on Monday in what prosecutors said was part of a crackdown on Beijing’s alleged targeting of dissidents. Lu Jianwang, 61, and Chen Jinping, 59, face charges of…
By Kane Wu and Julie Zhu HONG KONG (Reuters) – State-owned China Mobile Ltd is exploring a buyout of Hong Kong’s leading telecoms company HKBN Ltd, four people with knowledge of the matter said, which could spark a bidding war for the firm currently valued at $1 billion. China Mobile in recent weeks sent a…
By Charlotte Greenfield (Reuters) – Afghanistan’s economy will contract, inflation will rise and liquidity will fall if there is a 30% drop in international aid as feared, according to an analysis by the United Nations’ development agency released on Tuesday. International officials say aid to Afghanistan, the recipient of the world’s largest humanitarian program, will…
