By Aleksandra Michalska and Michael Martina NEW YORK (Reuters) -The hope for a “free China” lives on in a new Manhattan museum dedicated to China’s 1989 suppression of pro-democracy demonstrations around Tiananmen Square, exhibit organizers said on Thursday ahead of the 34th anniversary of the crackdown. The June 4th Memorial Museum in New York will…
Biogen has picked former Sanofi CEO Christopher Viehbacher to become its next leader, as the drug developer continues to recover from its failed launch of the Alzheimer’s treatment Aduhelm. The company said Thursday that the 62-year-old Viehbacher will become president and CEO on Monday, replacing Michel Vounatsos. Biogen said in May that Vounatsos would leave…
WASHINGTON (Reuters) – The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse’s misconduct around its dealings with the defunct investment firm Archegos Capital Management. The Fed said Credit Suisse, which UBS acquired in June, repeatedly failed to address risk management shortcomings in its dealings with the firm,…
By Susan Mathew (Reuters) -European shares fell on Tuesday, ahead of euro zone inflation data after a larger-than-expected rise in German consumer prices spurred bets of an aggressive central bank response. Annual inflation in the euro region was seen hitting a record high of 7.7% in May, and investors now worried about a sustained rise…
PRAGUE (AP) — The leaders of historic foes Turkey and Armenia on Thursday held their first face-to-face meeting since the two countries agreed to improve relations. Turkish President Recep Tayyip Erdogan and Prime Minister Nikol Pashinyan met in Prague on the sidelines of a summit by the leaders of 44 countries to launch a European…
By Foo Yun Chee, Martin Coulter and Supantha Mukherjee (Reuters) -European lawmakers came a step closer to passing new rules regulating artificial intelligence tools such as ChatGPT, following a crunch vote on Thursday where they agreed tougher draft legislation. The European Union’s highly anticipated AI Act looks set to be the world’s first comprehensive legislation…
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) -Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and resilient demand for its high-end and affordable fragrances and cosmetics. The company also crushed estimates for quarterly earnings, as improving supplies of…
By Elizabeth Pineau, Noemie Olive and Ingrid Melander PARIS (Reuters) -French President Emmanuel Macron’s flagship pension reform will enter into force swiftly, officials said on Friday after it received the Constitutional Council’s approval despite months of street protests and strikes. The legislation, which pushes up the age at which one can draw a pension to…
By Naveen Thukral and Roslan Khasawneh SINGAPORE (Reuters) -Oil steadied on Thursday, clawing back losses earlier in the session, as strong demand and short-term supply disruptions continue to support prices close to their highest levels since late 2014. Brent crude futures fell 17 cents, or 0.2%, to $88.27 a barrel, as of 0418 GMT, having…
(Reuters) – The tech-heavy Nasdaq edged higher on Monday, but was still eyeing its worst start to the year ever as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions. The Dow Jones Industrial Average fell 34.30 points, or 0.10%, at the open to 34,691.17. The S&P 500…
