Biden tests positive for COVID, cancels Nevada campaign event
Washington — President Joe Biden told reporters late Wednesday that he was “doing well,” hours after testing positive for COVID-19. The White House announced his positive test earlier this evening. He abruptly canceled a Las Vegas speech where he planned to appeal to Latino voters. The 81-year-old president tested positive after his first event in Las […]
J&J beats Wall St estimates on strong drug sales ahead of Stelara competition
(Reuters) -Johnson & Johnson beat estimates for second-quarter profit and revenue on Wednesday. J&J strong sales of its drugs, including cancer treatment Darzalex and blockbuster psoriasis drug Stelara. Stelara has long been a key driver of revenue growth for J&J, with analysts forecasting sales of over $10 billion this year. But this could fall to […]
Netflix’s Efforts to Grow Ad Tier in Focus as Subscriber Growth Slows
(Reuters) – Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a crackdown on password sharing ebbed and viewer attention moved to summer sporting events including the Euro soccer tournament. Netflix is strategically focusing on expanding its ad-supported tier amidst a slowdown in subscriber growth. The company […]
Israel pounds central Gaza, sends tanks into north of Rafah
CAIRO: Israeli forces pounded areas in the central Gaza Strip on Wednesday (Jul 17), killing at least nine Palestinians, according to health officials, while Israeli tanks carried out a limited advance further into Rafah in the south. The Israel Gaza conflict has led to at least 38,000 Palestinian deaths in Israel’s retaliatory offensive, as reported […]
Czechs pick South Korea’s KHNP over French bid in nuclear power tender
PRAGUE : The Czech government on Wednesday (Jul 17) picked South Korea’s KHNP to build two new nuclear power units, with the possibility of more, after a lengthy tender aimed at keeping a big role for nuclear power in the country’s energy mix for decades. Korea Hydro & Nuclear Power (KHNP) was picked over rival […]
Bangladesh shuts universities, colleges indefinitely after protests turn deadly
DHAKA (Reuters) – Bangladesh announced the indefinite shutdown of all public and private universities from Wednesday after protests by students against a quota system for government jobs turned deadly this week, leaving at least six people dead and scores injured. #BangladeshUniversitiesShutdown Ongoing protests in Bangladesh center on public sector job quotas, particularly the 30% reservation […]
German coalition passes 2025 budget, mid-term financial plan, sources say
BERLIN (Reuters) -The German cabinet, according to government sources, approved its 2025 budget and mid-term financial plan on Wednesday. Despite this progress, there remains a 17 billion euro gap between projected spending and revenue that needs addressing. The German government hopes to plug the hole with additional revenues when the economy picks up. The euro […]
At least 25 die in Peruvian Andes after bus plummets off cliff
LIMA -At least 23 people were killed and 13 injured in the Peru bus crash on Tuesday. The accident occurred while the bus traveled through a mountainous area. The country’s interior ministry shared this tragic news on social media. The bus skidded off a highway in Peru’s Andean Ayacucho region at dusk, overturning and plummeting […]
Exclusive: Google-backed software developer GitLab explores sale
NEW YORK (Reuters) – GitLab, a U.S. provider of cloud-based software development tools, is exploring a sale after attracting acquisition interest. GitLab explores sale following the involvement of investors, including Google parent Alphabet. People familiar with the matter revealed this information. GitLab, valued at approximately $8 billion, is collaborating with investment bankers on a sale […]
EU’s green hydrogen goals not realistic, auditors say
BRUSSELS (Reuters) – The European Court of Auditors (ECA) stated the EU green hydrogen goals are unrealistic and unlikely to be met despite billions in funding. The European Commission plans to produce 10 million tonnes of renewable hydrogen by 2030 and import another 10 million tonnes. These targets are integral to reducing the bloc’s dependence […]