By Suban Abdulla LONDON (Reuters) – Britain’s manufacturing output fell for a third month in a row in May and new orders declined at the fastest pace in four, but there were signs that the worst of the inflation surge may have passed, an industry survey showed on Thursday. The final reading of the S&P…
(Reuters) – AstraZeneca said on Thursday that a combination of its cancer drug Lynparza and abiraterone has been approved in the United States for the treatment of BRCA-mutated metastatic castration-resistant prostate cancer. The company said the combination treatment reduced the risk of disease progression or death by 76% compared with usage of abiraterone alone. (Reporting…
By Maria Martinez BERLIN (Reuters) – Rising rents, less venture capital and a shortage of talent are taking the shine off Berlin as a hub for startups. “The one single thing more difficult to find in Berlin than an apartment is a programmer,” said Avitosh Sawhney, 36, who moved his tech startup Ynertia to the…
A look at the day ahead in U.S. and global markets from Mike Dolan If the Federal Reserve does skip raising interest rates this month it’s probably because it is as confused as everyone else about the health of the U.S. economy as June kicks off. Like a patient with a virus, incoming data appears…
By Mike Dolan LONDON (Reuters) – Even if the U.S. dollar’s singular dominance as global currency of choice is in fact ebbing, it may not automatically lead to a weaker dollar exchange rate – and could periodically mean the opposite. A Federal Reserve less worried about the overspill of its monetary policies to the rest…
By Richa Naidu, Emma Pinedo and Emilio Parodi MADRID (Reuters) – Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. At one, in the northern town of Alfaro, they found 10 Ukrainian workers, five of them war refugees, who’d been…
A look at the day ahead in European and global markets from Kevin Buckland It’s a volatile time for central bank watchers, when comments from one man can flip the script in a moment. Of course, the man responsible for the latest twist is a closely followed Fed governor and vice chair nominee, Philip Jefferson,…
By David Milliken LONDON (Reuters) – Britain has a bigger inflation problem than the United States or the euro zone, with both large headline price rises and growing signs of persistence in underlying pressures, Bank of England policymaker Catherine Mann said on Wednesday. Mann, who has been the BoE’s keenest advocate of interest rate increases…
By Suban Abdulla LONDON (Reuters) – Starting salaries advertised in Britain reached the highest level in two years in April and there were the most job vacancies since December, suggesting some recovery in the labour market, according to job search website Adzuna. Adzuna’s survey showed advertised annual salaries had increased each month since October 2022,…
By William Schomberg LONDON (Reuters) – One year after British reporter Dom Phillips was murdered in Brazil while working on a book about saving the Amazon rain forest, a group of journalists aims to complete the project, his family and former colleagues said on Thursday. “How to Save the Amazon: Ask the People Who Know”…
