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Asian markets down, dollar up after weak China trade data
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UBS shuffles bank bosses in bid to better compete with Wall Street
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TSMC to decide in favour of German factory on Tuesday – Handelsblatt
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After heatwave, looming typhoon forces scouts to evacuate South Korea campsite
Heatwave caused higher than normal death rate in southern Italy
Date: August 7, 2023
Heatwave caused higher than normal death rate in southern Italy ROME (Reuters) – The central and southern regions of Italy recorded 7% more deaths than normal in July after a baking heatwave, health ministry data showed, while firefighters on Monday battled fires on Sardinia and hailstones and floods battered the northeast. Italy has been at...
BioNTech reduces drug development spend as COVID vaccine sales plunge
Date: August 7, 2023
BioNTech reduces drug development spend as COVID vaccine sales plunge By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -Germany’s BioNTech, Pfizer’s partner on COVID-19 vaccines, cut its drug development budget for this year after quarterly revenues were hurt by a plunge in pandemic-related demand. Second-quarter revenue dropped to 167.7 million euros ($184 million) from 3.2...
German regulator rejects request for postage stamp price hike
Date: August 7, 2023
German regulator rejects request for postage stamp price hike BERLIN (Reuters) -Germany’s federal network regulator has rejected a request by postal service operator Deutsche Post to raise the price of a postage stamp to cover rising costs, the agency said on Monday. “We recognise the challenging environment in the letter and parcel business, but according...
Miners drag London stocks lower; Unite Group slips
Date: August 7, 2023
Miners drag London stocks lower; Unite Group slips By Shreyashi Sanyal (Reuters) -The UK’s exporter-heavy FTSE 100 index dipped on Monday, weighed down by heavyweight miners, while shares of Unite Group fell to the bottom of the index after a rating downgrade. The FTSE 100 index edged 0.2% lower in the first hour of trading,...
German space firm OHB plans to delist as KKR takes minority stake
Date: August 7, 2023
German space firm OHB plans to delist as KKR takes minority stake By Alexander Hübner BERLIN (Reuters) -Germany’s OHB on Monday said U.S. financial investor KKR was buying a minority stake in the space company and it planned to delist from the stock market. KKR is planning a voluntary public tender offer for all outstanding...
Russia to evacuate village for first lunar lander mission in half century
Date: August 7, 2023
Russia to evacuate village for first lunar lander mission in half century (Reuters) – Russia will evacuate a village in its far east on Aug. 11 as part of the launch of Russia’s first lunar lander mission in nearly half a century, a local official said on Monday. The Luna-25 lunar lander, Russia’s first since...