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UK watchdog urges Supreme Court to act as $21 billion motor finance scandal looms
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Europe needs more resources to tackle climate change, Greek PM says
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British writer Harvey wins Booker Prize for space story ‘Orbital’
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COP29 host Azerbaijan hits out at West in defence of oil and gas industry
Novavax cuts 2024 revenue forecast again on lower COVID vaccine sales
Date: November 12, 2024
By Patrick Wingrove (Reuters) -Novavax cut its annual revenue forecast on Tuesday, citing lower-than-expected sales of its COVID-19 vaccine, ahead of handing over the rights to sell the shot to French drugmaker Sanofi. Shares of the U.S. biotech firm dropped about 8.2% to $8.28 in premarket trading. The U.S. vaccine maker now expects between $175...
Buffeted by an economic storm, Germany heads for Feb. 23 vote
Date: November 12, 2024
By Andreas Rinke and Rachel More BERLIN (Reuters) -Germany is set to hold fresh elections on February 23, eleven weeks after the collapse of Chancellor Olaf Scholz’s governing coalition, with sources on Tuesday saying he could ask parliament to vote him out of office on Dec. 16. The date is a compromise between the conservative...
Explainer-COP29: What is the latest science on climate change?
Date: November 12, 2024
By Gloria Dickie BAKU (Reuters) – This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change. The last global scientific consensus on climate change was released in 2021 through the Intergovernmental Panel on Climate Change, however...
Record-breaking bitcoin surges towards $90,000 on Trump boost
Date: November 12, 2024
By Tom Westbrook and Harry Robertson SINGAPORE/LONDON (Reuters) -Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since...
Germany’s IG Metall union says agrees wage deal for key industries
Date: November 12, 2024
By Alexander Hübner MUNICH (Reuters) -Germany’s largest industrial union said it had struck a wage deal in regional talks for the electrical engineering and metal industries on Tuesday, signalling an end to difficult negotiations that saw tens of thousands of workers go on strike. After a marathon 18 hours of talks, the union said it...
UK grocery inflation edges higher again, says Kantar
Date: November 12, 2024
LONDON (Reuters) -British shoppers faced increased pressure on their budgets last month after grocery price inflation edged higher again, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 2.3% in the four weeks to Nov. 3, having been 2.0% in the previous four-week period. The data showed prices are rising...