(Reuters) -Walgreens Boot Alliance Inc and CVS Health Corp said on Wednesday they plan to offer abortion pills following the U.S. Food and Drug Administration’s (FDA) decision to allow retail pharmacies to offer the drug in the country for the first time. The FDA on Tuesday finalized a rule allowing one of two drugs to …
Walgreens, CVS plan to start offering abortion pills Read More »
By David Shepardson (Reuters) – New York said on Wednesday it will replace more than 900 city-owned fossil-fuel powered vehicles with electric models and install 315 additional EV charging ports after receiving a $10.1 million U.S. Transportation Department grant. The announcement is the latest by a U.S. government agency to speed the shift away from …
New York City buying more than 900 EVs for government fleets Read More »
By Emily Chow SINGAPORE (Reuters) – China’s liquefied natural gas (LNG) demand is forecast to recover in 2023 as the country emerges from COVID-19 controls to become the bright spot in Asia’s consumption for the super-chilled fuel. China’s demand is set to rebound to between 70 million and 72 million tonnes in 2023, 9% to …
In 2023, China’s appetite for LNG set to rise amid tepid demand across Asia Read More »
SHANGHAI (Reuters) – China’s Luxshare Precision Industry Co Ltd said on Thursday its cooperation with current clients was normal, in response to a media report that iPhone maker Apple Inc had asked suppliers to cut production. The electronics manufacturer said it wanted to clarify a recent report from a Taiwanese media outlet which said that …
Luxshare says client cooperation normal after Apple production cut report Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. Senate Commerce Committee chair Maria Cantwell on Wednesday said the panel intended to hold hearings after Southwest Airlines’ recent meltdown that led to nearly 16,000 flight cancellations in the week ending Dec. 29. “Southwest’s customers are rightfully dissatisfied and deserve better,” Cantwell said in a statement. “These consumers …
U.S. Senate Commerce chair plans hearings after Southwest Airlines meltdown Read More »
By David Randall NEW YORK (Reuters) – Tesla Inc’s steep sell-off is proving to be an ongoing nightmare for fund managers that have bet heavily on the Elon Musk-led electric vehicle manufacturer. Overall, 50 actively-managed U.S. equity funds have more than 5% of their assets in the company, exceeding the barrier that many portfolio managers …
With big bets on Musk, these funds may have a Tesla problem in ’23 Read More »
TOKYO (Reuters) – Toyota Motor Corp President Akio Toyoda has tested positive for COVID-19 and will be absent from a series of New Year events to be held by Japanese business lobbies on Thursday, a company spokesperson said. Toyoda had been due at events in Tokyo hosted by Japan’s top trade organisations where business and …
Toyota chief tests positive for COVID, cancels business event attendance Read More »
By Angus Berwick (Reuters) – FTX’s former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the matter said, adding pressure on founder Sam Bankman-Fried who was arrested on criminal fraud charges last month. Friedberg gave details about FTX in a Nov. 22 meeting …
Exclusive-FTX’s former top lawyer aided U.S. authorities in Bankman-Fried case Read More »
BEIJING (Reuters) – China’s services activity shrank in December as surging COVID infections hit demand, a private-sector survey showed on Thursday, although the pace of recent declines slowed while business confidence rose to a 17-month high. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 48.0 in December from 46.7 in November, but remained …
China’s Dec services sector extends declines as COVID cases surge – Caixin PMI Read More »
DUBLIN (Reuters) – Expansion in the Irish services sector picked up in December following four straight months of slowing growth to push overall activity in the private sector back into positive territory, a survey showed on Thursday. The AIB S&P Global Purchasing Managers’ Index (PMI) for services rose to 52.7 from 50.8 in November, when …
Irish services sector growth picks back up in December Read More »
