World
Moderna stock falls more than 10% as it slashes guidance on low EU sales, tough U.S. vaccine market
Moderna on Thursday reported second-quarter revenue that beat expectations but slashed its full-year sales guidance, citing lower expected sales in Europe, a “competitive environment” for respiratory vaccines in the U.S. and the potential for deferred international revenue into 2025. The biotech company now expects 2024 product revenue to come in between $3 billion to $3.5 […]
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World’s first major AI law enters into force — here’s what it means for U.S. tech giants
The European Union’s landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants. The AI Act, a landmark rule that aims to govern the way companies develop, use and apply AI, was given final approval by EU member states, lawmakers, and the European Commission — the […]
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Israeli military says it killed Hamas armed wing leader Mohammed Deif in Gaza airstrike last month
A picture taken from Rafah shows smoke billowing over Khan Yunis in the southern Gaza Strip during Israeli bombardment on March 4, 2024, amid ongoing battles between Israel and the Palestinian militant group Hamas. Said Khatib | Afp | Getty Images Israel’s military on Thursday said it killed the chief of Hamas’ military wing, Mohammed […]
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Bank of England to make knife-edge call on interest rates as markets favor cut: Live updates
UK rate decision ‘going to be close’, Goldman Sachs says Goldman Sachs’ chief European economist said Thursday that the Bank of England’s monetary policy decision is “going to be close” while suggesting that a rate cut may win out. Jari Stehn said policymakers were likely to “look through” volatile services inflation and instead focus on […]
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Rolls-Royce shares soar to all-time high on reinstated dividend, raised profit guidance
A Rolls-Royce Trent 700 engine for the Airbus A330 stands in a workshop of N3 Engine Overhaul Services GmbH. The company is a joint venture between Lufthansa Technik AG and Rolls-Royce for the maintenance of aircraft engines. Picture Alliance | Picture Alliance | Getty Images Shares of Rolls-Royce jumped more than 11% to hit an […]
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Barclays profit dips in the second quarter, beats estimates
One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Bloomberg | Bloomberg | Getty Images LONDON — Barclays on Thursday reported second-quarter net profit attributable to shareholders of £1.2 billion ($1.54 billion), slightly lower than a year ago, as the lender’s net interest income in its […]
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Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The oil and gas major reported adjusted earnings […]
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‘Internal battle’ in Modi’s BJP on whether India needs Chinese investments, Natixis chief Asia economist says
Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi’s swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty Images There is an “internal battle” happening within India’s ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia’s manufacturing powerhouse, Alicia Garcia-Herrero, chief […]
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Tensions high in Venezuela after contested election, with more arrests feared
Demonstrators burn rubber and objects during a protest against reelection of Venezuelan President Nicolas Maduro for the 3rd term one day after the Venezuelan presidential elections in Caracas, Venezuela on July 29, 2024. Anadolu | Anadolu | Getty Images Shops and public transport across Venezuela shut down on Wednesday as tensions over a fiercely disputed presidential election and rumors of more opposition arrests and sporadic […]
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China’s Communist Party expels former CNPC chairman, state media says
China’s ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp, for discipline violations, state media said on Wednesday. South China Morning Post | South China Morning Post | Getty Images China’s ruling Communist Party has expelled Wang Yilin, former chairman and party secretary of state-owned China National Petroleum Corp, for discipline violations, state media said on Wednesday. According to […]
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