By Natalie Grover LONDON (Reuters) – Buoyed by the success of its diabetes and obesity drugs, Novo Nordisk is on the prowl for partnerships and deals to beef up its pipeline, a senior company executive said on Thursday. John McDonald, corporate vice president of global R&D business development, said the Danish drugmaker aims to shed…
By Federica Mileo (Reuters) – Air France-KLM on Friday reported a steeper than expected operating loss for the first quarter and trimmed its capacity outlook for 2023 despite strong summer bookings, dragging its shares 4% lower. “The first quarter is always a loss-making quarter and we were also hold back by the current operational climate,”…
By Alvise Armellini and Elizabeth Pineau ROME (Reuters) – France must apologise to end a dispute over over what Rome considers insulting remarks, including some over its handling of immigration, Italy’s foreign minister said on Friday, while also signalling the spat might be short-lived. The minister, Antonio Tajani, called off a visit to Paris at…
ANKARA (Reuters) – A Ukrainian delegate punched a Russian delegate in the face during a gathering of Black Sea nations in the Turkish capital on Thursday, after his Ukrainian flag was snatched away to stop him photobombing a video interview with Russia’s lead delegate. Olesandr Marikovski posted a video of himself thumping the Russian and…
By Mike Dolan LONDON (Reuters) -Not for the first time, the European Central Bank is determined to display policymaking independence from its Transatlantic cousin – but the two central banks are likely more in sync than it seems. Two potentially pivotal policy decisions within 24 hours this week from the ECB and U.S. Federal Reserve…
LONDON (Reuters) – A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and threatens a fresh rout in financial markets. While analysts reckon a crisis will be averted, just an increased probability of default would send shock waves across markets, said Janus…
By Gibran Naiyyar Peshimam and Asif Shahzad ISLAMABAD (Reuters) -The International Monetary Fund (IMF) is working with Pakistan to conclude a ninth review of a bailout programme, its mission chief said on Friday of the funding critical for the cash-strapped nation to avert an economic collapse. Pakistan and the IMF have been discussing fiscal policy…
By Helen Reid LONDON (Reuters) -Adidas reported better-than-expected quarterly results and said the Chinese market was improving, sending its shares up 8%, although its chief executive warned the group still faces a “bumpy year with disappointing numbers”. The German sportswear giant is forecasting a loss this year after ending its Yeezy partnership with rapper Kanye…
By Krishn Kaushik GOA, India (Reuters) – The foreign ministers of India, Russia and Pakistan on Friday called for a representative government in Afghanistan and the protection of women’s rights, almost two years after the Islamist Taliban swept to power in Kabul. They were speaking at the day-long meeting of foreign ministers of the Shanghai…
By Greg Torode, Eduardo Baptista and Tim Kelly HONG KONG (Reuters) – When China sailed one of its two active aircraft carriers, the Shandong, east of Taiwan last month as part of military drills surrounding the island, it was showcasing a capability that it has yet to master and could take years to perfect. As…
