LONDON (AP) — Conservative Party lawmakers in Britain are casting ballots Wednesday in the first round of an election to replace Prime Minister Boris Johnson. The internal party contest will replace the flamboyant, scandal-ridden Johnson — a figure famous in Britain and around the world — with a new and much lesser-known prime minister. Eight…
TOKYO (Reuters) – Olympus Corp said on Monday it had agreed to sell its microscope unit to private equity firm Bain Capital for 427.6 billion yen ($3.1 billion), in what would be the Japanese company’s biggest divestment yet. The sale of the unit, which also makes industrial endoscopes and x-ray analysers, comes as Olympus speeds…
NEW YORK (AP) — American Express on Tuesday launched a checking account that comes with a debit card that will allow its customers to accrue its popular Membership Rewards points the same way they do on its credit and charge cards. It’s a notable move for AmEx and the banking industry in general, since debit…
NEW YORK (AP) — The decision by Frontier Airlines to sweeten its offer for Spirit Airlines paid dividends Friday when an investor-advisory firm recommended the deal to Spirit shareholders. Glass Lewis supported the deal after Frontier added a $250 million breakup fee to the February agreement between boards of both budget airlines. The firm said…
(Reuters) – Electric vehicle maker Fisker Inc said on Tuesday it would start delivering its sports utility vehicle Ocean with swappable batteries made by Ample by the start of next year. The partnership with the battery startup will help Fisker increase scale and adoption of its EVs in the United States and Europe, the electric…
By Fergal Smith (Reuters) – Canada’s main stock market fell to its lowest closing level in nearly two months on Wednesday as two major banks reported quarterly earnings that missed analysts’ estimates and U.S. debt deal uncertainty weighed on investor sentiment. The Toronto Stock Exchange’s S&P/TSX composite index ended down 218.32 points, or 1.1%, at…
By Jonathan Saul LONDON (Reuters) – Turkey’s maritime authority said on Thursday it would continue to block the passage of oil tankers that don’t carry appropriate insurance letters, adding that insurance checks on ships in its waters were a “routine procedure”. The logjam is creating growing unease in oil and tanker markets and comes as…
By Milounee Purohit BENGALURU (Reuters) – Average home prices in Canada are set to fall around 9% this year and then rise into 2024 and beyond as buyers bet interest rates have already peaked alongside strong demand for housing, according to property analysts polled by Reuters. The Bank of Canada raised rates rapidly from near-zero…
By Susanna Twidale LONDON (Reuters) – Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges of huge reductions in emissions, many scientists believe extracting carbon dioxide from…
By Sofia Menchu and Diego Oré GUATEMALA CITY (Reuters) – Guatemalans voted for a new president on Sunday in an election headed for an August run-off, with early results putting the center-left in the lead but also appearing to show widespread voter frustration over the exclusion of an early favorite. The contest, dominated by international…
