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Novartis raises 2023 forecast, maps out Sandoz spin-off

Novartis raises 2023 forecast, maps out Sandoz spin-off

Jul 18, 2023 | Business, Economy, Europe

By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings forecast for the second time on strong drug sales and mapped out the planned separation and stock market debut of its generic medicines division Sandoz for early October. The Swiss...
US FDA approves Sanofi-AstraZeneca’s preventive RSV therapy for babies

US FDA approves Sanofi-AstraZeneca’s preventive RSV therapy for babies

Jul 17, 2023 | Business, Europe, Health, Top News, UK, US

(Reuters) -The U.S. Food and Drug Administration (FDA) said on Monday it had approved Sanofi and partner AstraZeneca’s antibody therapy to prevent respiratory syncytial virus (RSV) in infants and toddlers. The therapy, branded Beyfortus, was approved for...
China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry

China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry

Jul 16, 2023 | Asia, Business, Economy, Europe, Politics, Technology, Top News

By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South...
UBS to retain EY as auditor after Credit Suisse takeover, Financial Times reports

UBS to retain EY as auditor after Credit Suisse takeover, Financial Times reports

Jul 16, 2023 | Business, Economy, Europe, UK

(Reuters) – UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision. The size of the contract will...
Yellen ‘eager’ to work with China on debt, other global challenges

Yellen ‘eager’ to work with China on debt, other global challenges

Jul 16, 2023 | Africa, Asia, Business, Economy, Environment, Europe, Politics, Top News

By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral...
China, Russia to start joint air and sea drill in Sea of Japan

China, Russia to start joint air and sea drill in Sea of Japan

Jul 16, 2023 | Asia, Europe, Politics, Top News, US

By Yew Lun Tian BEIJING (Reuters) – A Chinese naval flotilla set off on Sunday to join Russian naval and air forces in the Sea of Japan in an exercise aimed at “safeguarding the security of strategic waterways”, according to China’s defence...
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