Month: August 2022

Reuters exclusively reported that supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close to doing so, after disruptions at drugmaker GSK. The World Health Organization estimates that up to 200,000 children die each year from the highly contagious infection, […]

Reuters exclusively revealed the Bank of England (BoE) would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates. The BoE is primed to become the first major central bank to sell some of the bonds it purchased during […]

Reuters exclusively revealed Malaysia’s second-richest man Quek Leng Chan is weighing options for his stake in Hong Leong Bank Bhd, including a merger, in a move that could trigger wider consolidation in the sector. Quek is also exploring the possibility of reducing his stake in the Malaysian lender.  The post Reuters reveals Malaysia’s Hong Leong […]

Reuters exclusively reported that the Biden administration’s next security assistance package for Ukraine is expected to be $1 billion, one of the largest so far, and includes munitions for long-range weapons and armored medical transport vehicles. Sources said the package would add to about $8.8 billion in aid the United States has given Ukraine since […]

Reuters exclusively revealed France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure in the bloc. This was the first time the three governments have expressed their joint position on the issue. The post Reuters reveals Big Tech should […]

Reuters exclusively reported wind turbine maker Siemens Gamesa is considering cutting around 2,500 jobs, or about 9% of its total, to recover from losses that have prompted its main shareholder to launch a takeover. The cuts would reduce a workforce of some 27,000 people.  The post Reuters reveals Siemens Gamesa weighs 2,500 job cuts appeared […]

Reuters was first to report that a Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts as a result of a dispute over a $391 million settlement award that Anglo-French oil company Perenco says remains unpaid. Ecuador’s government pledged in June 2021 to honor the debt, awarded to Perenco by […]

Reuters exclusively reported the U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation’s remaining coal-fired power plants, after the Supreme Court limited the agency’s ability to impose sweeping climate regulations. The post Reuters reveals Biden EPA to tackle coal […]

Reuters exclusively reported South Korea’s property market has abruptly gone from sizzling hot to floundering, piling pressure on some of the world’s most debt-saddled consumers as the sector experiences the fastest interest rate hikes on record. Prices of Seoul apartments last week reported their sharpest decline in 26 months, while transaction volumes in the capital […]

Reuters exclusively reported UnitedHealth Group Inc, the top U.S. healthcare company by market capitalization, is struggling to sell Brazilian unit Amil due to antitrust issues and growing losses from individual health plans. After studying ways to divest Amil 10 years after acquiring it, UnitedHealth decided last month to suspend the sale process, asking for anonymity […]