(Reuters) – Emergent BioSolutions on Tuesday decided to cut 400 jobs and scale back operations at some its facilities, pivoting its focus on core products such as overdose reversal nasal spray Narcan and anthrax vaccines. The company said it will reduce operations at Bayview, Baltimore and Canton, Massachusetts, and do away with the chief operating…
By Gwladys Fouche OSLO (Reuters) -Meta Platforms is asking a court in Norway to stop a fine the Nordic country’s data regulator imposed on the owner of Facebook and Instagram for breaching users’ privacy, according to a court filing. Meta Platforms will be fined 1 million crowns ($97,700) per day from Aug. 14 over privacy…
By Lananh Nguyen NEW YORK (Reuters) – Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday by accounting firm Deloitte. Of 700 financial executives surveyed by Deloitte, 66% who worked remotely part time said they would likely quit if they were ordered to return to the…
By Bate Felix and Anait Miridzhanian DAKAR (Reuters) – Niger’s regional and Western allies have announced a series of sanctions against the country following the July 26 coup. Niger is the world’s seventh-biggest producer of uranium, the radioactive metal widely used for nuclear energy and treating cancer. It is also one of the world’s poorest…
By Jonathan Saul and Nigel Hunt LONDON (Reuters) – Russia’s lack of ships and Western grain traders’ shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes. President Vladimir Putin promised to…
SINGAPORE (Reuters) -Singapore Prime Minister Lee Hsien Loong on Tuesday sought to reassure the public after a spate of political scandals rocked his ruling party in recent months and amid continuing worries over inflation in the city-state. In remarks made on the eve of Singapore’s national day, Lee said his government would maintain “high standards…
By Promit Mukherjee JOHANNESBURG (Reuters) -South Africa’s Nedbank Group, amongst the top five lenders in the country, warned on Tuesday that its bad loans would stay elevated for the rest of the year and it could miss its 2025 financial targets. But its shares were up 2.5% in early trading as profit for the six…
By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) – Investors are eyeing gains in emerging markets stocks and a cooling of their currencies amid an unprecedented global decoupling in the direction of interest rates. While the U.S. Federal Reserve has delivered aggressive interest rate hikes since March 2022, major emerging market countries like Brazil,…
By Kane Wu HONG KONG (Reuters) -U.S. private equity firm Carlyle Group has agreed to purchase a minority stake in Quest Global Services that values the engineering outsourcing firm at $2 billion, two people with knowledge of the matter told Reuters. Carlyle on Tuesday announced that the firm and Singapore-headquartered Quest Global had entered an…
By Joe Cash BEIJING (Reuters) -China’s imports and exports fell much faster than expected in July as weaker demand threatens recovery prospects in the world’s second-largest economy, heightening pressure for authorities to release fresh stimulus to steady growth. The grim trade numbers reinforce expectations that economic activity could slow further in the third quarter, with…
