By Eric Onstad LONDON (Reuters) – German auto parts supplier Schaeffler has signed a raw materials deal to ensure the supply of rare earth magnets from Europe for its burgeoning electric vehicle (EV) motor business, an executive told Reuters. It is the…
Macron’s polling lead over Le Pen widens ahead of France’s Sunday runoff
PARIS (Reuters) – French President Emmanuel Macron’s lead in voting intention polls widened on Tuesday but his prime minister said a Macron win in Sunday’s presidential runoff vote was not guaranteed, as far-right challenger Marine Le Pen accused him o…
Swiss National Bank chairman sees inflation rise as temporary
By John Revill ZURICH (Reuters) – The Swiss National Bank sees the current increase in inflation as a temporary phenomenon, Chairman Thomas Jordan said on Tuesday, although the central bank would keep a close eye on the situation. Central banks includi…
U.S. FTC approves Hikma deal for Custopharm with conditions
WASHINGTON (Reuters) – Generic drug maker Hikma Pharmaceuticals has won U.S. antitrust approval to buy Custopharm, Inc on condition that it divest an injectable steroid, the U.S. Federal Trade Commission said on Tuesday. Hikma, which makes anesthetics,…
SSE buys portfolio of wind projects from Siemens Gamesa for 580 million euros
By Andres Gonzalez and Isla Binnie MADRID (Reuters) -British renewable power generator and network operator SSE has agreed to buy a portfolio of onshore wind development projects from Siemens Gamesa, the company said on Tuesday confirming a Reuters rep…
Motorola Solutions buys London-based video-AI start-up Calipsa
By Paul Sandle LONDON (Reuters) – Motorola Solutions has acquired London-based start-up Calipsa to boost its ability to use AI-powered analytics across any video security solution, helping its customers verify alarms and detect tampering in real time. …
Russia eases FX controls for some export-focused companies
(Reuters) – The Russian central bank said on Tuesday it had decided to ease forex currency control measures for Russian export-focused companies outside the commodities and energy sectors. The mandatory sales of foreign currency earned by these compani…
J&J pulls COVID vaccine sales forecast due to low demand, supply glut
By Manas Mishra and Michael Erman (Reuters) -Johnson & Johnson on Tuesday rescinded its forecast for sales of its COVID-19 vaccine, as hesitancy in low income countries has led to a glut of supply of a shot once hoped to be the inoculation of choice fo…
Oil down 5% after IMF slashes growth forecast
By Marcy de Luna HOUSTON (Reuters) -Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation. Prices fell despite lower outp…
UK PM Johnson apologises to parliament over lockdown breaches
By William James, Andrew MacAskill and Alistair Smout LONDON (Reuters) -British Prime Minister Boris Johnson apologised to parliament on Tuesday after he was fined by police for breaking lockdown rules, saying he did not know a birthday gathering at th…