By Ludwig Burger (Reuters) -Sanofi’s shares slid 5% on Monday after a drug candidate to fight a common type of breast cancer failed to slow progression of the disease in a clinical trial, knocking confidence in the French drugmaker’s drug development prowess. Results from the Phase II AMEERA-3 clinical trial, keenly awaited by Sanofi investors,…
By David Milliken LONDON (Reuters) – Pet collars and casual clothing are replacing takeaway doughnuts and men’s two-piece suits this year as Britain’s statisticians update their inflation calculations to account for pandemic trends. The biggest changes to the inflation basket for 2022 are around food after people ate more at home last year, and increasingly…
PARIS (Reuters) – French luxury group Kering said on Monday its Kering Eyewear division had signed an agreement to acquire U.S. high-end sunglass maker Maui Jim, Inc. for an undisclosed amount. Founded in 1987 in Hawaii, Maui Jim is the world’s largest independently owned high-end eyewear brand with a leading position in North America, the…
By Aftab Ahmed and Manoj Kumar NEW DELHI (Reuters) – India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid tough Western sanctions on Russia over its invasion of Ukraine. India, which imports 80% of…
By Wayne Cole SYDNEY (Reuters) – Most share markets firmed and oil slid on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting continued to rage, while bond markets braced for rate rises in the United States and UK this week. While Russian missiles hit a large Ukrainian base near the border…
By Guy Faulconbridge LONDON (Reuters) – A global food crisis looms unless the war in Ukraine is stopped because fertiliser prices are soaring so fast that many farmers can no longer afford soil nutrients, Russia’s coal and fertiliser king Andrei Melnichenko said on Monday. Several of Russia’s richest businessmen have publicly called for peace since…
By Tom Sims, John O’Donnell and Frank Siebelt FRANKFURT (Reuters) -Deutsche Bank, which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said on Friday in a surprise move that it would wind down its business in the country. Deutsche joins the ranks of Goldman Sachs and JPMorgan Chase, which…
BEIJING (Reuters) – China’s environment ministry has slammed firms for falsifying carbon data, part of the country’s efforts to improve data quality as it prepares to expand its national emissions trading scheme into more industrial sectors. The findings published on Monday follow a campaign launched by the Ministry of Ecology and Environment (MEE) in October-December…
LONDON (Reuters) – The war in Ukraine is a tragedy that must be stopped or there will be a global food crisis as fertilizer prices are already too high for many farmers, Russia’s coal and fertiliser king Andrei Melnichenko said on Monday. “The events in Ukraine are truly tragic. We urgently need peace,” Melnichenko, 50,…
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Apple suppliers Foxconn and Unimicron Technology Corp said on Monday they have suspended operations in the Chinese city of Shenzhen, after the tech hub imposed strict measures to stem a COVID-19 outbreak. Shenzhen, known as China’s Silicon Valley, is carrying out mass testing after dozens of new…
