By Ludwig Burger and Maggie Fick (Reuters) – Britain plans to launch a pilot programme exploring how new weekly weight-loss shots such as Novo Nordisk’s Wegovy can be given to obese patients by general practitioners even as the drug’s market launch remains unclear. The government’s announcement on the 40-million-pound ($50 million) pilot programme comes after…
By Marc Jones LONDON (Reuters) – Turkey’s lira took a 7% nosedive on Wednesday as the country’s newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping the currency on a tight leash by any means necessary. Ankara has seen decades of financial market difficulties and the charts below show the challenges…
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) -The U.S. Federal Reserve will not raise interest rates for the first time in well over a year at its June 13-14 meeting, according to economists polled by Reuters, but a significant minority expects at least one more hike this year as the economy remains resilient. Fed…
By Ismail Shakil and Fergal Smith OTTAWA (Reuters) -Canada’s exports jumped 2.5% in April and hit an all-time high by volume, while imports declined 0.2% partly because of a fall in energy products, Statistics Canada said on Wednesday. As a result, the country’s trade surplus with the world widened to C$1.94 billion ($1.45 billion) in…
BRASILIA (Reuters) – Brazil’s federal government subsidies surged to the highest level in six years in 2022, said the Planning Ministry on Wednesday, in a sharp increase driven by elevated borrowing costs and the implementation of new tax benefits, particularly on fuels. In its annual report on the subject, the Planning Ministry emphasized that subsidies…
MILAN (Reuters) -Volvo Cars launched its EX30 fully-electric small SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500), as carmakers compete with Tesla to make electric vehicles (EVs) more affordable. The EX30 is the smallest SUV to date from the Sweden-based manufacturer and follows the unveiling of the…
MOSCOW (Reuters) – Russian and Chinese long-range strategic bombers carried out joint patrols over the Sea of Japan, the East China Sea and the western Pacific Ocean but were at times accompanied by jet fighters from unidentified states, Russia said on Wednesday. Russia’s defence ministry said an air group of Tupolev Tu-95 and Chinese Xian…
By Corina Pons and Helen Reid MADRID/LONDON (Reuters) -Zara owner Inditex said on Wednesday sales of its spring-summer collection gathered pace to jump 16% in May, as the retailer mitigates higher wage costs and keeps customers onside during a cost of living crisis. The world’s biggest fast fashion company reported a better-than-expected 54% rise in…
MILAN (Reuters) -Volvo Cars launched its EX30 fully-electric small SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500), as carmakers compete with Tesla to make electric vehicles (EVs) more affordable. The EX30 is the smallest SUV to date from the Sweden-based manufacturer and follows the unveiling of the…
By Tim Reid (Reuters) – Former U.S. Vice President Mike Pence formally announced his candidacy for the 2024 Republican presidential nomination on Wednesday, setting him up for a battle with the man he once loyally stood by – former President Donald Trump. Here are some facts about Pence’s life and career: A SOCIAL CONSERVATIVE AND…
