Author Archives: Syndicated Content
Commercial Bank of Ethiopia recovers $11 million lost in system glitch
ADDIS ABABA (Reuters) - The state-owned Commercial Bank of Ethiopia has recovered more than three-quarters of the $14 million it lost when a software glitch earlier this month allowed customers to wit...
Mar 27, 2024
Bondholder group 'firmly opposes' China developer Shimao's debt revamp proposal
By Clare Jim and Xie Yu HONG KONG (Reuters) - A group of major bondholders of defaulted Chinese developer Shimao Group said on Wednesday it "firmly opposes" the firm's proposal to revamp $11.5 billion...
Mar 27, 2024
Fast-fashion retailer H&M delayed some campaigns due to Red Sea crisis
By Helen Reid and Marie Mannes STOCKHOLM (Reuters) - H&M, the world's second-biggest listed fashion retailer, postponed the start of some Spring/Summer campaigns to adjust to shipping delays caused by...
Mar 27, 2024
Chinese electric vehicle maker BYD targets 20% jump in annual sales
BEIJING (Reuters) - Chinese electric vehicle giant BYD set a 3.6 million sales target for 2024, up 20% from its record-breaking sales last year, China Business Network (CBN) reported on Wednesday. The...
Mar 27, 2024
EU's top court rejects Amazon's request to suspend EU tech rules' ad clause
BRUSSELS (Reuters) - The European Union's top court on Wednesday said it had rejected a request by Amazon to suspend its obligation to make an advertisement repository publicly available. (Reporting b...
Mar 27, 2024
Moderna secures $750 million from Blackstone Life Sciences to develop flu shots
(Reuters) -Moderna said on Wednesday it has entered into an agreement with private equity firm Blackstone's life science investment platform for a funding of $750 million to develop its mRNA flu vacci...
Mar 27, 2024
Novocure's lung cancer therapy succeeds in late-stage trial
(Reuters) -Novocure said on Wednesday that its cancer therapy met the main goal of a late-stage trial testing it as a treatment for a type of lung cancer. The therapy along with supportive care slowed...
Mar 27, 2024
EBRD to provide 30 million euros for Turkey's earthquake regions
ISTANBUL (Reuters) - The European Bank for Reconstruction and Development (EBRD) will provide 30 million euros ($32.50 million) in long-term financing to Turkey's Ronesans Gayrimenkul Yatirim to suppo...
Mar 27, 2024
China's Xi tells Dutch PM cutting supply chains would lead to confrontation
BEIJING (Reuters) - Chinese President Xi Jinping told Dutch Prime Minister Mark Rutte on Wednesday that creating technological barriers and cutting off supply chains would only lead to division and co...
Mar 27, 2024
Boat Race rowers told to avoid the water as UK sewage dumping surges
By Kate Holton LONDON (Reuters) - Victorious rowers in Britain's University Boat Race have been warned not to jump into the River Thames this weekend due to alarming levels of E. coli bacteria, as off...
Mar 27, 2024
