China military says it 'drove away' US destroyer in South China Sea
BEIJING (Reuters) - China's military said it closely monitored and "drove away" USS Halsey that entered the territorial waters of Paracel Islands in the South China Sea on May 10, the Southern Theater Command of the People's Liberation Army said in...
34m ago
UK exits recession with better-than-expected 0.6% GDP growth
By Suban Abdulla and David Milliken LONDON (Reuters) -Britain's economy grew by the most in nearly in three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year and delivering a boost to Prime Mini...
34m ago
European shares open at record high on boost from energy stocks, miners
(Reuters) - European shares opened at a record high on Friday, led by energy companies and miners, setting the benchmark index for its biggest weekly gain since late January on growing interest rate cut bets in the region. The pan-European STOXX 60...
35m ago
Analysis-Ukraine peace summit pushes neutral Swiss toward Western embrace
By Dave Graham ZURICH (Reuters) - An upcoming Ukraine peace summit, ostensibly the most ambitious bid in years by neutral Switzerland to mediate a major conflict, is instead showing how Swiss economic and security interests increasingly align with ...
49m ago
Chinese venture capitalists warn IPO freeze will hit innovation
SHANGHAI (Reuters) - Chinese venture capitalists have warned the country's IPO freeze is starving tech startups of funds by keeping market participants locked into existing investments, undermining Beijing's current push to lift innovation in the e...
50m ago
Honda posts six-fold increase in Q4 operating profit
TOKYO (Reuters) - Japan's Honda Motor said on Friday its fourth-quarter operating profit grew more than six fold from a year earlier, helped by a weak yen and strong vehicle sales. Japan's second-biggest automaker by volume saw quarterly operating ...
1h ago
Foxconn's Q1 profit to jump from low base, AI to power growth
TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Tuesday that first-quarter profit more than doubled on robust demand for artificial intelligence servers and after coming off a low base a...
1h ago
Novavax erases doubts about its ability to remain in business
(Reuters) - COVID-19 vaccine maker Novavax, on Friday, erased doubts about its ability to remain in business by removing a so-called "going concern" notice. In February, Novavax had raised doubts about its ability to remain in business and announce...
1h ago
Catalans to vote in election that is key to Spain's political stability
By Joan Faus BARCELONA (Reuters) - Catalans vote on Sunday in a regional election that could determine the stability of Spain's Socialist-led government and also gauge the strength of a pro-independence movement that has roiled the country for a de...
1h ago
France's Sanofi in COVID-19 vaccine deal with Novavax
PARIS (Reuters) - Sanofi on Friday announced it has reached a licensing agreement with Novavax to sell a stand-alone COVID-19 vaccine and develop new flu-COVID-19 combination vaccines while also taking an equity stake in its US peer. "We're excited...
1h ago