Macy's reported its first same store sales decline in two years in its third quarter earnings, and LVMH raised its bid for Tiffany's. Yahoo Finance's Ines Ferre reports from the floor of the New York Stock Exchange.
British Prime Minister Rishi Sunak was accused Wednesday of leading a “chaotic” government as another one of his Conservative lawmakers defected to the main opposition Labour Party ahead of a looming general election. In a stunning move just ahead of weekly prime minister's questions, Natalie Elphicke crossed the floor of the House of Commons to join the ranks of Keir Starmer's Labour Party, which appears to be heading to return to power after 14 years in opposition. Elphicke, who represents the constituency of Dover, which is at the front-line of migrant crossings from France, lashed out at the “broken promises of Rishi Sunak’s tired and chaotic government" and said that Labour now occupies the center ground of British politics.
The pharma giant AstraZeneca has requested that the European authorization for its COVID-19 vaccine be pulled, according to the EU medicines regulator. In an update on the European Medicines Agency's website Wednesday, the regulator said that the approval for AstraZeneca's Vaxzevria had been withdrawn “at the request of the marketing authorization holder.” AstraZeneca's COVID-19 vaccine was first given the nod by the EMA in January 2021.
European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts in the eurozone, Britain and the United States as inflation eases.- Optimism - "European stocks are rising on optimism that borrowing costs will soon be lowered," City Index analyst Fiona Cincotta told AFP, noting that Frankfurt's DAX was also near its record.
South Korea's SK Hynix has agreed to sell its nearly 50% stake in its foundry unit based in China to a Chinese state-owned enterprise, according to regulatory filings and media reports. SK Hynix System IC said in a regulatory filing that it plans to sell a 21.3% stake in its foundry unit in Wuxi to China's state-owned Wuxi Industry Development Group Company for 205.4 billion won ($150.81 million). In a separate filing, SK Hynix System IC said it will also sell its intangible assets, including process technology to its Wuxi unit for 123.8 billion won.
Teva Pharmaceutical Industries reported a smaller than expected rise in first-quarter profit citing higher impairments of tangible assets, while sales of copycat medicines and its branded drugs to treat migraines and Huntington's disease rose. The world's largest generic drugmaker said on Wednesday it earned 48 cents per diluted share excluding one-time items in the January-March quarter, up from 40 cents per share a year earlier. Teva said its bottom line was hurt mainly by higher impairments of tangible assets largely related to the classification of a business in its international markets segment as held for sale, as well as restructuring costs.
Chest binding is accessible. That's exactly why it's so dangerous, write Maia Kobabe and Dr. Sarah Peitzmeier.
Before Robert F. Kennedy Jr. took the stage at a campaign rally in Des Moines, Iowa, last month, a team of his campaign staffers and volunteers organized hundreds of attendees through an assembly line of government forms, ID checks and color-coded wristbands. The bureaucratic workforce contrasted starkly against the classic rock music blaring over the speakers, the crowded bar at the back of the venue and the jovial spirit circulating among Midwesterners excitedly awaiting Kennedy’s remarks.
Kenya’s President William Ruto has declared Friday a public holiday to mourn the 238 people who have died due to ongoing flooding. The president on Wednesday said the day will be observed by national tree planting activities to help mitigate the effects of climate change. Kenya, along with other parts of East Africa, have been overwhelmed by floods.
The chief executive of German luxury carmaker BMW on Wednesday warned the European Union's investigation into Chinese electric car subsidies runs counter to free trade.Oliver Zipse -- CEO of BMW, which has major investments in China, the world's biggest car market -- said that the Munich-based group "always strives for free trade".
The ad campaign in battleground states will focus in part on Donald Trump's previous efforts to repeal the Affordable Care Act, also known as Obamacare.
Russia carried out a “massive” missile attack on Ukrainian energy infrastructure overnight into Wednesday, according to local authorities, in the biggest aerial onslaught by Russian forces for weeks.
In the world of social media, where everyone strives to be heard, few voices rise above the noise to truly make an impact.
Apple's iPhone shipments in China increased by 12% in March after the company and its retailers reduced prices, according to data from a research firm affiliated the Chinese government. Shipments of foreign-branded phones in China increased by 12% in March to 3.75 million units from 3.35 million a year earlier，data from the China Academy of Information and Communications Technology (CAICT) published on Wednesday showed. Although the data did not explicitly mention Apple, the company is the dominant foreign phone maker in China's smartphone-dominated market.
New York Attorney General Letitia James is suing an anti-abortion group and nearly a dozen pregnancy centers in the state for false and misleading statements promoting an unproven procedure they claim can reverse the effects of the abortion pill.
The United Nations voiced concern on Wednesday after dozens of cases of cholera were reported in flood-stricken Kenya."I believe that between government and national and international partners, we'll be able to contain it," the UN's resident coordinator in Kenya, Stephen Jackson, said in an interview with Citizen TV. "We've contained cholera before, but it's a significant concern," he added.
The war in Gaza has cooled Israeli business activity with the United Arab Emirates, with the once-celebrated relationship now conducted away from public scrutiny amid anger in the Arab world over the conflict. The UAE became the most prominent Arab state in 30 years to establish formal ties with Israel under a U.S.-brokered agreement in 2020, dubbed the Abraham Accords. It has maintained the relationship throughout Israel's more than six-month war in Gaza.
Australia will quadruple its financial assistance to Tuvalu, a Pacific Island nation at risk from rising seas, to cement a landmark climate migration and security deal as China also courts small island states. On a visit to Tuvalu, foreign minister Penny Wong said on Wednesday evening Australia has committed A$110 million ($72.27 million) in its national budget to Tuvalu. The sum includes A$50 million ($32.85 million) to build the first undersea cable connecting the island's residents to global telecommunications services, and A$19 million for a land reclamation project to fortify Tuvalu's coastline from rising seas.
Indonesia experienced its hottest April in more than four decades, two senior weather agency officials said Wednesday, as the region endures a suffocating heatwave and global temperatures break records.But Guswanto, deputy BMKG chief who goes by one name, told local media last month Indonesia was not experiencing the same heatwave and that temperatures were at normal levels.
Numerous women have shared stories of “Ozempic babies” on social media. But the joy some experience in discovering pregnancies may come with anxiety about the unknowns, as these medicines haven’t been studied in people who are pregnant.
South African President Cyril Ramaphosa described as "treasonous" a campaign ad by an opposition party that depicts a burning national flag, as antagonism between political parties rose three weeks before an election. The campaign ad released on Monday by the Democratic Alliance uses the burning flag as a metaphor for what it says is the grave risk of the ruling African National Congress retaining power in a coalition with left-wing parties. "I think it is treasonous," Ramaphosa told reporters during a visit to Limpopo province.
generic