By Victoria Waldersee BERLIN (Reuters) – Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in North America and Europe by the mid-2020s, the International Energy Agency (IEA) predicted on Wednesday. The agency raised its EV sales…
By Junko Fujita and Tom Westbrook TOKYO (Reuters) – Investors have dialled down wagers on a policy shift at the Bank of Japan this week, which has opened a window of calm that ironically affords governor Kazuo Ueda a chance to move quickly. For months investors have been doubting policymakers’ assurances that the BOJ isn’t…
By Junko Fujita and Tom Westbrook TOKYO (Reuters) – Investors have dialled down wagers on a policy shift at the Bank of Japan this week, which has opened a window of calm that ironically affords governor Kazuo Ueda a chance to move quickly. For months investors have been doubting policymakers’ assurances that the BOJ isn’t…
(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….
