WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by Apple Inc and Broadcom Inc to revive their challenges to Caltech data-transmission patents in a patent infringement case in which the university’s earlier $1.1 billion jury verdict against the companies was thrown out. The justices turned away an appeal by…
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka will announce a reworking of its domestic debt later this week to meet targets set by the International Monetary Fund (IMF) and aim to turn around its economy, which has been hammered by a financial crisis. A severe shortage of dollars tipped the island nation of 22 million…
BERLIN (Reuters) – Germany was set to raise its minimum wage by 3.4% to 12.41 euros ($13.53) an hour from 2024, based on the proposals of government-appointed commission on Monday, although unions and analysts said the hike would not be enough to cover inflation. Labour Minister Hubertus Heil said he would accept the proposals –…
(Reuters) – Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion. Wolfspeed CEO Gregg Lowe said the financing would help “scale up near-term operations at our Mohawk Valley Fab…
By Dave Graham MEXICO CITY (Reuters) – Urbane, socially progressive and eager to put Mexico on the world stage, Marcelo Ebrard presents a sharp contrast to the popular, sharp-tongued defender of the country’s impoverished hinterlands he hopes to succeed as president. Having followed once in the footsteps of President Andres Manuel Lopez Obrador as mayor…
Karachi, PAKISTAN (Reuters) -Pakistan’s central bank raised its benchmark interest rate by 100 basis points to 22% at an emergency meeting on Monday, a day after the country revised its budget for the fiscal year from July 1 in a bid to rescue an IMF programme that expires in days. Analysts said Monday’s decision was…
By Deena Beasley SAN DIEGO (Reuters) – Novo Nordisk on Sunday said a late-stage trial found that a high-dose oral version of its drug semaglutide helped overweight or obese adults lose 15% of their body weight, which is in line with recent results for other experimental obesity pills. Novo plans to seek U.S. and European…
By Christoph Steitz FRANKFURT (Reuters) -Siemens Energy shares fell for a second consecutive session on Monday, hit by a raft of target price cuts and rating downgrades in the wake of deeper-than-expected problems at its wind turbine division that emerged last week. It share price was down 3.3% at 1252 GMT, at the bottom of…
By Paul Lienert (Reuters) – General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado EV pickups before model year 2025, it said on Monday. The U.S. automaker also has scrapped plans to offer a base version of the Silverado EV with a $39,000 price tag, Amy Masica, director of…
STOCKHOLM (Reuters) – Sweden’s path to NATO membership remains blocked by Turkey and Hungary ahead of a July summit in Vilnius where it hopes to join Nordic neighbour Finland as a full member of the alliance. Finland, which applied together with Sweden, joined NATO in April, but Turkey continues to block Swedish membership citing security…
