(Reuters) – Volkswagen’s said on Friday its group deliveries jumped 39% year-on-year in April, bringing the total number of vehicles shipped worldwide that month to 720,200. The result was particularly boosted by a 79% surge in China, where the leading German automotive group delivered 255,700 cars. In Western Europe, it had sent a total of…
NIIGATA, Japan (Reuters) – German Finance Minister Christian Lindner on Friday said he hoped politicians in the United States would come to a “grown-up” decision on talks to raise the federal debt ceiling, warning there was a risk to the global economy if they did not. Speaking on the sidelines of the G7 summit in…
By Jennifer Rigby LONDON (Reuters) – New highly-effective weight loss drugs such as Novo Nordisk’s Wegovy are not a “silver bullet” for addressing the rapid rise in global obesity rates, the World Health Organization’s nutrition chief told Reuters, as the agency conducts its first review of obesity management guidelines in more than 20 years. The…
NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen met German Finance Minister Christian Lindner on Friday, underscoring the importance of working together to counter evasion of Western sanctions imposed on Russia over its war in Ukraine, Treasury said. Yellen and Lindner met on the sidelines of a Group of Seven finance officials meeting in…
By Yadarisa Shabong (Reuters) -British online retail platform THG Plc ended talks with Apollo Global Management on Friday, saying there was “no merit” in further discussions after it rejected the private equity firm’s buyout proposal based on “inadequate valuations”. Apollo, in a separate statement, said it no longer planned to make an offer for the…
(Reuters) -British drugmaker GSK on Friday said it sold 240 million shares in its consumer healthcare business Haleon at 335 pence per share, raising about 804 million pounds ($1.01 billion). Haleon, the world’s biggest standalone consumer health company, comprising assets from GSK and Pfizer, sells non-prescription drugs, vitamins and oral care products. The sale price…
ISTANBUL (Reuters) – Kemal Kilicdaroglu, the main election rival of Turkish President Tayyip Erdogan, issued a warning to Russia, accusing it of responsibility for the release of fake material on social media ahead of Sunday’s ballot. Kilicdaroglu, who has a slight lead over long-time leader Erdogan according to opinion polls, did not specify to which…
By Nell Mackenzie and Sinead Cruise LONDON (Reuters) – There are few jobs Robyn Grew has not mastered at the $145 billion hedge fund Man Group, where money keeps rolling in to a fast-growing business she helped to transform. Grew, named incoming CEO on Thursday, has held executive positions in compliance, trading, legal and operations…
By Iain Withers and Sinead Cruise LONDON (Reuters) – Man Group will be led by two women for the first time in its history by the end of this year, after the London-listed hedge fund group said its long-standing CEO Luke Ellis will be succeeded by current president Robyn Grew. Ellis, who first joined Man…
A look at the day ahead in European and global markets from Ankur Banerjee Signs of an economic slowdown across the globe, lingering worries over the U.S. debt ceiling and ever-present fear of a deepening banking sector crisis have kept investors skittish and risk averse through the week and Friday has been no different. The…
