Month: May 2023

The day after India’s Go Airlines filed for bankruptcy, Reuters exclusively reported that its owner does not intend to exit the cash-strapped airline. In its bankruptcy filing, India’s third-largest airline, which recently re-branded as Go First, claimed its failure followed a refusal by Pratt & Whitney to abide by an arbitration order to release spare […]

In an exclusive conversation with Reuters, Heather Boushey, a member of the White House Council of Economic Advisers, said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector and warned Republicans against worsening the situation with their debt ceiling threats.  The post White House: Fed interest […]

Government officials exclusively revealed to Reuters that India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels.  The post India, China propose ‘multiple pathways’ on cutting use of fossil […]

Sources exclusively revealed to Reuters that the U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan.  The post US government may delay decision on electric vehicles biofuel program appeared first on Reuters News Agency.

Reuters exclusively revealed that the European Commission has updated draft patent rules to make it easier for patent holders to sue companies over royalty disputes in hopes that the move will end costly legal spats over patents essential to key technologies for telecoms equipment, mobile phones, computers, connected cars and smart devices. The post EU […]

Reuters exclusively reported that members of China’s “interest rate self-regulatory mechanism,” mostly banks, met this month and were urged to reduce deposit rates as a way to guide the country’s savings into spending and more productive investments. The post China guides banks to further cut deposit rates appeared first on Reuters News Agency.

Reuters exclusively reported that Eli Lilly and Co expects the U.S. Medicare health plan to lift strict coverage limits on new Alzheimer’s drugs as data emerges on the treatment’s ability to clear amyloid brain plaques and help patients. Derek Asay, Lilly’s SVP of Government Strategy and Federal Accounts, told Reuters that the agency will soon […]

Reuters exclusively revealed that Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow that offers Russia a new outlet, adding to Moscow’s growing sales to India and China as it redirects oil from western markets due to the Ukraine conflict. The post Pakistan makes its […]

Reuters was first to report on Sunday that the bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment for leveraged buyouts and fetch the company’s asking price of more than $10 billion. So far, […]

Reuters was the first to report that a U.S. banking regulator was preparing to put regional lender First Republic Bank in receivership, marking the second largest U.S. bank failure of all time and the biggest since the 2008 financial crisis. First Republic shares dropped as much as 58% in after-market trading on Friday after the […]