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Novavax to sell Czech manufacturing unit to Novo Nordisk for $200 million
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France’s Orano says it has lost control of uranium mine in Niger
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UK set for faster growth in 2025 but high inflation too, OECD forecasts
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Russian services sector expands for fifth month running, PMI shows
Google Cloud partners with Air France-KLM on AI technology
Date: December 4, 2024
(Reuters) – Google Cloud said on Wednesday it had partnered with Air France-KLM to deploy generative artificial intelligence (AI) technology on the airline group’s data. WHY IT’S I MPORTANT Google Cloud said in a statement that the Franco-Dutch airline group’s 551 operating aircraft, 93 million passengers carried in 2023, and its commercial and cargo flights...
Exclusive-Big hedge funds call on doctors, scientists for an edge on pharma, sources say
Date: December 4, 2024
By Nell Mackenzie LONDON (Reuters) – Some of the world’s largest hedge funds are hiring doctors, scientists and analysts to give them expert insight into the prospects for pharmaceutical stocks after big share swings in the sector, eight sources told Reuters. This year has seen sharp stock moves as companies report financial results and update...
Exclusive-Intel approaches candidates for CEO role, including former board member Lip-Bu Tan, sources say
Date: December 4, 2024
By Max A. Cherney and Milana Vinn (Reuters) -Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaking icon ousted company veteran Pat Gelsinger, according to people familiar with the matter. Tan, a well-respected semiconductor industry veteran who has long...
US labor market steadily cooling amid higher job openings, low layoffs
Date: December 4, 2024
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings increased solidly in October while layoffs dropped by the most in 1-1/2 years, suggesting the labor market continued to slow in an orderly fashion. But the Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed employers hesitant to...
Korean won, ETFs trim losses after SKorea’s Yoon says will lift martial law
Date: December 4, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The South Korean won came off a more than two-year low against the dollar on Tuesday, while exchange traded funds linked to South Korean stocks similarly cut losses after President Yoon Suk Yeol said he would lift a martial law he had imposed just hours before. Yoon’s martial law...
UK’s Reeves promises more power for England’s regional mayors
Date: December 4, 2024
MANCHESTER, England (Reuters) – Regional mayors across England will be given new powers to boost economic growth and attract investment, British finance minister Rachel Reeves said on Tuesday during a visit to the northern English city of Hull. The poor economic performance of regions outside the capital, and London’s growing dominance, has become an increasingly...