By Elvira Pollina and Amy-Jo Crowley MILAN/LONDON (Reuters) – German media group ProSiebenSat.1 and European pay-TV operator Sky have revived talks over a combination of their businesses in Germany, four sources familiar with the matter said on Monday. German broadcasters are struggling to reshape their business to compete with online streaming players such as Netflix…
MADRID (Reuters) – The European Central Bank still needs to raise its interest rates further and then leave them in restrictive territory for a while to bring inflation down to its medium-term goal of 2%, ECB policymaker Pablo Hernandez de Cos said on Monday. “The process of tightening our monetary policy is well underway, although,…
By Elvira Pollina and Amy-Jo Crowley MILAN/LONDON (Reuters) -German media group ProSiebenSat.1 and European pay-TV operator Sky have revived talks over a combination of their businesses in Germany, four sources familiar with the matter said on Monday. German broadcasters are struggling to reshape their business to compete with online streaming players such as Netflix and…
WASHINGTON (Reuters) – Lawyers for Florida Governor Ron DeSantis, a Republican mulling a 2024 presidential run, are asking that a federal judge be disqualified from overseeing a dispute between DeSantis and Walt Disney Co, questioning the judge’s impartiality in the case. Lawyers for DeSantis, who is being sued for allegedly targeting Disney for company leadership’s…
MEXICO CITY (Reuters) – The Dominican Republic’s economy is expected to grow around 4% in 2023, the IMF said on Monday, slowing from the 4.9% rise in 2022. The economy is “one of the most dynamic and resilient in the Western Hemisphere over the last two decades,” the IMF said in a statement, crediting the…
MEXICO CITY (Reuters) – Mexico will present a program this week to give Central Americans temporary visas to work on public infrastructure projects, President Andres Manuel Lopez Obrador said Monday. Such projects require more people such as welders, iron-workers and engineers, Lopez Obrador told his regular daily news conference. “We need a workforce for these…
(Reuters) – BlackRock Investment Institute on Monday said it was moving from “overweight” to “neutral” on credit, saying yields are not enough to compensate investors for tightening credit conditions. In a research note, it also said it was moving from “underweight” to “neutral” on private markets following recent weakness in the U.S. regional banking industry….
By Raghav Mahobe (Reuters) -Ironwood Pharmaceuticals Inc said on Monday it would buy Switzerland-based drug developer VectivBio Holding AG for $1.15 billion, adding a promising treatment for digestive disorders to its portfolio. Ironwood has offered $17 per share for VectivBio, a premium of about 43% to the stock’s last close. VectivBio’s shares were at $16.21…
By Mike Scarcella (Reuters) – National retail pharmacy giant Walgreen Co has asked a U.S. judge to vacate an arbitrator’s award of more than $642 million to Humana Health Plan Inc in a drug-pricing dispute, calling the “staggering” sum the result of a “miscarriage of justice.” Lawyers for Walgreens made their legal challenge in a…
By David Shepardson WASHINGTON (Reuters) – President Joe Biden on Monday said he plans to nominate attorney Anna Gomez for a key fifth seat on the U.S. Federal Communications Commission (FCC), after Democrats had been stymied since 2021 from gaining a majority on the five-member telecommunications regulator. Gomez, a Democratic telecommunications attorney, currently serves as…
