Philips to pay $62 million to resolve charges it violated US law
WASHINGTON (Reuters) -Dutch medical device maker Philips will pay $62 million (56 million euros) to resolve charges it violated the…
Business
Volkswagen’s April deliveries jump 39% thanks to China boost
(Reuters) – Volkswagen’s said on Friday its group deliveries jumped 39% year-on-year in April, bringing the total number of vehicles…
Germany finance minister urges “grown-up” decision on U.S. debt ceiling
NIIGATA, Japan (Reuters) – German Finance Minister Christian Lindner on Friday said he hoped politicians in the United States would…
Exclusive-Wegovy, other weight loss drugs ‘no silver bullet’, says WHO amid obesity review
By Jennifer Rigby LONDON (Reuters) – New highly-effective weight loss drugs such as Novo Nordisk’s Wegovy are not a “silver…
UBS CEO: Credit Suisse no longer seeing outflows
LUCERNE, Switzerland (Reuters) -UBS Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and…
Toshiba says working with JIP to ‘quickly complete’ $15 billion buyout
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp said on Friday it was working with Japan Industrial Partners (JIP) to quickly…
Audit finds holes in ECB’s management of bank credit risk
FRANKFURT (Reuters) – European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially…
UK’s THG shares dive 20% as another suitor bites the dust
By Yadarisa Shabong (Reuters) -British online retail platform THG Plc ended talks with Apollo Global Management on Friday, saying there…
GSK sells partial stake in spin-off firm Haleon at discount
(Reuters) -British drugmaker GSK on Friday said it sold 240 million shares in its consumer healthcare business Haleon at 335…
Fed’s Bowman: more policy tightening likely appropriate
(Reuters) – The U.S. Federal Reserve will probably need to raise interest rates further if inflation stays high, Fed Governor…