(Reuters) – Digital World Acquisition and former U.S. President Donald Trump’s media company on Wednesday extended the deadline for their merger by over three months to Dec. 31, as they work to close the deal that has been delayed by regulatory scrutiny. The move comes weeks after blank-check firm DWAC settled fraud charges with the…
By Olivier Sorgho (Reuters) – Zurich Insurance on Thursday reported a better-than-expected half-year operating profit, helped by its Life business and price hikes aimed at mitigating higher insurance claims from unpredictable weather. Europe’s fifth-largest insurer posted a business operating profit (BOP) of $3.72 billion, little changed versus a year earlier, while analysts in a company-provided…
By Patrick Wingrove (Reuters) -New data on the heart benefit of an obesity drug from Novo Nordisk increases the chances of a pay-off for it and Eli Lilly, which have spent a record amount on U.S. lobbying to win government backing for the drugs, analysts and experts said. U.S. law classifies weight-loss treatments as lifestyle…
By Jorgelina do Rosario LONDON (Reuters) – Foreign investors funneled over $3 billion into Chinese debt in July in the first net monthly inflows this year for the world’s second-largest economy, data from the Institute of International Finance (IIF) showed on Thursday. Inflows were less than a third of the $10.6 billion poured into Chinese…
FRANKFURT (Reuters) -Members of the German pilots’ union VC have voted by a large majority to back a wage deal with Lufthansa, a spokesperson for the union told Reuters on Thursday. This eliminates the risk of a pilots’ strike for now at the German flag-carrier. After a chaotic summer 2022 due to walkouts over pay,…
By Rachel Savage and Brenda Goh JOHANNESBURG/SHANGHAI (Reuters) – Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South Africa’s finance minister told Reuters. South Africa will host leaders of the other BRICS nations…
By Michelle Nichols UNITED NATIONS (Reuters) – The United Nations Security Council will meet publicly to discuss human rights abuses in North Korea next week, a move requested by the United States, Albania and Japan that is likely to anger Pyongyang and face opposition from China and Russia. It will be the first formal public…
By Ann Saphir (Reuters) – Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday, after a U.S. government report showed consumer prices rose only moderately last month. Traders of futures tied to the Fed’s policy rate now see less…
NEW YORK (Reuters) – U.S. consumer prices increased moderately in July amid lower costs for goods, including used motor vehicles, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month. The CPI rose 0.2% last month, matching the gain in June, the Labor Department said on Thursday. Though the increase…
By Mark Miller (Reuters) – Should you keep working as you get older, or retire and claim Social Security when you first become eligible for benefits? Some people do both, and not necessarily by choice. Twenty percent of older workers claim Social Security as soon as they become eligible at age 62 – and while…
