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Europe to consider “dose-sparing” to increase monkeypox vaccine, WHO seeks trials
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Prudential says first-half profit up 8%; warns of persistent COVID woes
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U.S. consumer price growth expected to slow due to lower gasoline costs
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Tennis-Serena Williams to retire from playing after U.S. Open
Hong Kong-based fintech firms tumble after dizzying rally
Date: August 9, 2022
By Medha Singh and Anisha Sircar (Reuters) – Hong Kong-based fintech firms AMTD Digital, Magic Empire Global and Top Financial Group tumbled on Tuesday after a meteoric rally this month that was reminiscent of last year’s meme-stock frenzy. The obscure companies have recorded eye-watering gains just days after their U.S. market debuts, with AMTD Digital...
A year after Taliban’s return, some women fight for lost freedoms
Date: August 9, 2022
By Mohammad Yunus Yawar KABUL (Reuters) – Monesa Mubarez is not going to give up the rights she and other Afghan women won during 20 years of Western-backed rule easily. Before the hardline Islamist Taliban movement swept back to power a year ago, the 31-year-old served as a director of policy monitoring at the finance...
Micron’s warning of weak demand rattles chip stocks
Date: August 9, 2022
By Chavi Mehta (Reuters) – Micron Technology cut its current-quarter revenue forecast on Tuesday and warned of a negative free cash flow in the coming three months as customer inventories pile up amid waning demand for chips used in PCs and smartphones. The dismal forecast comes a day after Nvidia warned of weakness in its...
Taiwanese foreign minister says China drills part of a game-plan for invasion
Date: August 9, 2022
By Sarah Wu and Yimou Lee TAIPEI (Reuters) – Taiwan’s foreign minister said on Tuesday that China was using the military drills it launched in protest against U.S. House Speaker Nancy Pelosi’s visit as a game-plan to prepare for an invasion of the self-ruled island. Joseph Wu, who offered no time-table for a possible invasion...
Ralph Lauren, Capri ride wave of inflation-resistant luxury demand
Date: August 9, 2022
By Uday Sampath Kumar and Ananya Mariam Rajesh (Reuters) -Ralph Lauren Corp and Michael Kors-owner Capri Holdings blew past earnings estimates, underscoring an unwavering demand for luxury apparel and handbags from wealthy consumers who remain largely unscathed by red-hot inflation. Surging prices have had little impact on middle- and high-income households who have been happily...
As German gas rationing looms, industry begs exemptions
Date: August 9, 2022
By Tom Käckenhoff, Vera Eckert and Christoph Steitz DUESSELDORF/FRANKFURT, Germany (Reuters) -Germany’s network regulator, which would be in charge of gas rationing in the event of a supply emergency, has received scores of exemption requests from across industry, reflecting fears of potential production cuts and subsequent losses. Germany is at phase two of a three-stage...