GENEVA (Reuters) – The World Health Organization warned on Friday that cases of dengue fever could reach close to record highs this year, partly due to global warming benefiting mosquitoes that spread it. Dengue rates are rising globally, with reported cases since 2000 up eight-fold to 4.2 million in 2022, WHO said. The disease was…
(Reuters) – The European Union’s health regulator on Friday backed authorization of Pfizer’s vaccine for respiratory syncytial virus (RSV) for use in infants up to 6 months of age and older adults. The shot, called Abrysvo, could become the first vaccine in the bloc to protect infants from the virus, if the European Commission authorizes…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s top financial diplomat on Friday suggested the central bank may tweak its approach to monetary stimulus at its next policy meeting, due to “signs of changes” in corporate behaviour on wage growth and price rises. In rare remarks on monetary policy, Masato Kanda, vice finance minister for international…
By Nathan Gomes and Joseph White (Reuters) -U.S. auto retailer AutoNation on Friday posted better-than-expected second-quarter revenue, as demand for new vehicles and aftermarket services offset the impact of a decline in used-vehicle sales. Demand for used vehicles, which accelerated during the pandemic, has taken a hit after automakers started to ramp up production as…
By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chilean President Gabriel Boric is struggling to replicate the success of other Latin American leftist leaders in reforming tax codes after vowing as a candidate in 2021 to undertake a restructuring of his country’s free-market system. Propelled into office by a popular revolt over the shortcomings of…
By Yimou Lee TAIPEI (Reuters) -Taiwan is investigating a possible leak of official documents including diplomatic cables and classified reports on the island’s sensitive bid to join a global trade pact, according to two officials familiar with the probe. One official said initial findings showed some parts of the documents, posted on online message board…
By Nevzat Devranoglu and Zeynep Berkem ANKARA (Reuters) – Turkey’s latest monetary and fiscal moves are steps in the right direction, though regaining credibility in economic policy remains a challenge, a European Bank for Reconstruction and Development (EBRD) executive said on Friday. Turkey’s central bank on Thursday hiked its benchmark interest rate by 250 basis…
By Hyunjoo Jin SEOUL (Reuters) – Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. “It does make sense to sacrifice margins in favor of making more vehicles,” Musk said on Wednesday,…
LONDON (Reuters) – Investors’ rush to the safety of cash, a dominant theme in capital flow data this year, may be peaking, Bank of America global research said on Friday. There was a net $10 billion dollars of outflows from cash in the two weeks to Wednesday, BofA said, referencing EPFR data, describing this as…
(Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned more in interest income, thanks to a sharp rise in interest rates by the U.S. Federal Reserve. But that has also raised the risks of loan defaults, prompting banks to…
