By Dave Graham MEXICO CITY (Reuters) – Urbane, socially progressive and eager to put Mexico on the world stage, Marcelo Ebrard presents a sharp contrast to the popular, sharp-tongued defender of the country’s impoverished hinterlands he hopes to succeed as president. Having followed once in the footsteps of President Andres Manuel Lopez Obrador as mayor…
By Deena Beasley SAN DIEGO (Reuters) – Novo Nordisk on Sunday said a late-stage trial found that a high-dose oral version of its drug semaglutide helped overweight or obese adults lose 15% of their body weight, which is in line with recent results for other experimental obesity pills. Novo plans to seek U.S. and European…
By Paul Lienert (Reuters) – General Motors does not expect to put Tesla-compatible charging ports on its new Chevrolet Silverado EV pickups before model year 2025, it said on Monday. The U.S. automaker also has scrapped plans to offer a base version of the Silverado EV with a $39,000 price tag, Amy Masica, director of…
STOCKHOLM (Reuters) – Sweden’s path to NATO membership remains blocked by Turkey and Hungary ahead of a July summit in Vilnius where it hopes to join Nordic neighbour Finland as a full member of the alliance. Finland, which applied together with Sweden, joined NATO in April, but Turkey continues to block Swedish membership citing security…
By David Gauthier-Villars (Reuters) – Anti-corruption authorities in the United States and Sweden are reviewing a complaint alleging that the Swedish affiliate of a U.S. company pledged to pay tens of millions of dollars in kickbacks if a son of Turkey’s President Recep Tayyip Erdogan helped it secure a dominant market position in the country….
(Reuters) – Spirit Aerosystems said on Monday it had held “constructive and positive meetings” with the U.S. machinists union through the weekend, indicating progress in negotiations for a new contract. Spirit, a crucial supplier for aerospace heavyweights Boeing and Airbus, expects its Wichita production operations to remain suspended until an agreement is reached with the…
(Reuters) – Nordson Corporation said on Monday it will buy Italy’s ARAG Group and its subsidiaries in an all-cash deal for an enterprise value of €960 million ($1.05 billion). On completion of the deal, ARAG will operate as a division in Nordson’s Industrial Precision Solutions segment, the company said in a statement. The transaction is…
(Reuters) – Workers at Amazon’s warehouses in Germany’s eastern city of Leipzig started a 48-hour strike on Monday to press for higher wages, the country’s public sector union ver.di said. The workers want a collective labour agreement that includes a 2.5 euro ($2.73) per hour wage increase for a 12-month period, a 250-euro wage hike…
(Reuters) – Texas’ power grid operator on Monday again projected electricity use would break records this week as homes and business cranked up air conditioning amid soaring temperatures. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state’s power load, forecast demand…
A look at the day ahead in U.S. and global markets from Mike Dolan. More perplexed by events than anything else, world markets stayed relatively calm on Monday after a dramatic Russian military mutiny at the weekend was uneasily quelled. Fractious geopolitics have been front of mind for global investors ever since the pandemic and…
