With eye on IRA, Dowlais targets U.S. rare earth magnets for electric vehicles
By Nick Carey LONDON (Reuters) – UK auto supplier Dowlais is developing rare earth magnets for production in the U.S….
Business
One drug medication abortion with misoprostol grows in US
By Ahmed Aboulenein and Michael Erman WASHINGTON (Reuters) – Use of the drug misoprostol on its own to terminate pregnancies…
Emergent aims to price over-the-counter Narcan at about $50
(Reuters) – Contract drugmaker Emergent BioSolutions Inc said on Thursday it is aiming to price the over-the-counter (OTC) version of…
Deutsche Bank Russian profits leapt in 2022, even as assets dropped
(Reuters) – Deutsche Bank’s Russian subsidiary’s profits jumped by almost six times in 2022 to 5.4 billion roubles ($66.42 million),…
Debt ceiling jitters lift US credit default swaps to highest since 2011
By Karin Strohecker, Dhara Ranasinghe and Davide Barbuscia LONDON/NEW YORK (Reuters) -Market jitters over the U.S. debt ceiling lifted the…
Italy’s Prada to invest 60 million euros to help boost production capacity
By Elisa Anzolin VALVIGNA, Italy (Reuters) – Italy’s Prada is planning to spend 60 million euros ($66 million) on industrial…
US veterans suing 3M over earplugs seek to stop unit’s ‘false alarm’ bankruptcy
By Dietrich Knauth (Reuters) -U.S. veterans and members of the military on Wednesday urged a judge to dismiss 3M’s bid…
Yellen: U.S. banking system remains sound
WASHINGTON (Reuters) – The U.S. banking system remains sound and the U.S. government will take “any necessary steps” to keep…
Eid shopping sees sharp drop as Pakistanis feel inflation pinch
By Ariba Shahid and Mubasher Bukhari KARACHI, Pakistan (Reuters) – Retail sales in Pakistan have witnessed a sharp drop compared…
AmEx’s costs, provisions cloud profit despite higher credit card use
By Siddarth S and Niket Nishant (Reuters) – American Express Co’s profit missed Wall Street estimates on Thursday despite higher…