PARIS (Reuters) – French police shot dead two men in a car that drove at them after failing to stop for a check in central Paris, the public prosecutor’s office said on Monday. A third man in the car was wounded. The shooting took place overnight after…
More people in Britain struggle to pay bills, ONS survey shows
LONDON (Reuters) -Almost a quarter of people in Britain said it became harder to pay household bills even before increases in regulated energy prices took effect, according to an official survey that underscored the breadth of a cost-of-living crisis. …
Rosneft fails to sell oil in giant tender, traders say
(Reuters) – Russia’s Rosneft has failed to sell oil in a large tender after demanding prepayment in roubles, five trading sources said on Monday, meaning it will need to find ways to divert more crude to buyers in Asia through private deals. Rosneft wa…
Roche Q1 sales up 10%, confirms 2022 outlook
By Ludwig Burger (Reuters) -Swiss drugmaker Roche’s first quarter sales rose a better-than-expected 10% on strong U.S. demand for rapid COVID-19 antigen tests and drugs including Ocrevus against multiple sclerosis as well as Hemlibra against haemophili…
Hyundai profit surges, favourable currency rates offset sales decline
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Hyundai Motor Co posted a better-than-expected 19% rise in quarterly profit as favourable exchange rates more than made up for a jump in raw material costs and a drop in sales caused by the prolonged glob…
Truckmaker MAN restarts production after Ukraine crisis supply gap – Handelsblatt
BERLIN (Reuters) – German commercial vehicle maker Traton’s MAN unit will restart production again from Monday after supply gaps due to the war in Ukraine, according to the Handelsblatt newspaper. In mid-March, the Volkswagen subsidiary shortened the h…
Economic fears hit global equities, commods; Twitter lifts Wall St
By Chris Prentice and Marc Jones WASHINGTON/LONDON (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose,…
Valneva slumps after EU regulator requests more COVID vaccine data
By Natalie Grover LONDON/PARIS (Reuters) -French drugmaker Valneva said on Monday that the European Medicines Agency (EMA) had asked for more data on its COVID-19 vaccine, precipitating a sharp fall in its shares. The latest EMA setback comes after Bri…
Beijing shoppers throng stores as district starts mass testing
BEIJING (Reuters) -Beijing residents snapped up food and other supplies as the city’s biggest district began mass COVID-19 testing of all residents on Monday, prompting fears of a Shanghai-style lockdown after dozens of cases in the capital in recent d…
Oil slides as Shanghai lockdowns stoke demand fears
By Alex Lawler LONDON (Reuters) – Oil slumped almost 6% to its lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates would hurt g…