COVID-19 vaccine sales helped Moderna triple its net income in a better-than-expected first quarter. The vaccine maker said Wednesday that revenue from its coronavirus preventive shots jumped to $5.92 billion from $1.73 billion in last year’s quarter, when the vaccines were debuting in most markets. More than 217 million doses of Moderna’s Spikevax vaccine have…
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moeller-Maersk, said Wednesday that it had delivered its “best earnings quarter ever,” driven by higher freight rates and more contracts being signed. The Copenhagen, Denmark-based company said its revenue for the first three months of the year came in at $19.3 billion, up from…
NEW YORK (AP) — The literary writer’s organization PEN America is expanding its support of writers around the world who face imprisonment for their work by hiring human rights advocate Liesl Gerntholtz to head the new PEN/Barbey Freedom to Write Center. The new center will build on PEN America’s work advocating for imprisoned writers like…
BELFAST, Northern Ireland (AP) — Ever since Northern Ireland was founded as a Protestant-majority state a century ago, its governments have been led by unionist politicians who defined themselves as British. But if opinion polls are right, an election Thursday will see Sinn Fein, an Irish nationalist party that seeks union with Ireland, become the…
LONDON (AP) — A British parliamentary committee scrutinizing draft online safety legislation has invited Elon Musk to discuss his plans to buy Twitter and the changes he’s proposing for the social media platform. Parliament’s digital committee asked the Tesla CEO on Wednesday to give evidence about his proposals “in more depth.” Musk said it’s too…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s economy is in dire straits with its usable foreign reserves down to less than $50 million, the country’s finance minister said Wednesday. Ali Sabry was speaking to Parliament after returning to Sri Lanka from talks with the International Monetary Fund. He said any IMF rescue program, including a…
NEW DELHI (AP) — India’s central bank on Wednesday raised its key interest rate to 4.4% from 4% to try to contain fast-rising inflation. Reserve Bank of India Governor Shaktikanta Das said after an unscheduled meeting of the bank’s monetary policy committee that the central bank would maintain an “accommodative” stance to help support the…
COVID-19 vaccines and tests for the virus continue to boost CVS Health and the health care giant raised its annual forecast after yet another strong quarter. The drugstore chain and pharmacy benefit manager also processed more prescriptions and added customers to its health insurance business in a better-than-expected performance. The company said Wednesday that it…
The European Union’s executive commission has proposed phasing out imports of Russian oil within six months. It is part of Europe’s struggle to stop paying Russia $850 million a day for energy and hit the Kremlin’s finances over its invasion of Ukraine. But reversing decades of dependence on Russian oil and natural gas is not…
WASHINGTON (AP) — President Joe Biden on Wednesday highlighted new figures showing the government’s red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leadership amid growing dismay over inflation going into midterm elections that will decide control of…
