By David Shepardson and Mike Scarcella WASHINGTON (Reuters) -A U.S. judge ruled on Monday that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the[...]
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August 6, 2024
EU aims to conclude trade deal with Mercosur by year end, FT reports
(Reuters) – The European Union and the Mercosur group of South American countries aim to conclude negotiations for a long-delayed trade deal before the end of the year, the Financial Times repor[...]
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Lilly, Novo Nordisk battle for weight-loss market lands at the pharmacy shelf
By Maggie Fick and Patrick Wingrove LONDON/NEW YORK (Reuters) – As Eli Lilly’s weight-loss drug Zepbound gains ground in the U.S. against Novo Nordisk’s Wegovy, some doctors say thei[...]
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Evergrande aims to recover $6 billion from founder Hui, former top execs
(Reuters) -China Evergrande Group said on Monday its liquidators were seeking to recover about $6 billion from seven defendants, including founder Hui Ka Yan, adding that they had obtained injunctions[...]
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BOJ executives to speak as market rout tests rate hike resolve
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan is facing fresh communication challenges as last week’s decision to raise interest rates, coupled with U.S. reces[...]
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OpenAI co-founder John Schulman leaves ChatGPT maker for rival Anthropic
(Reuters) – John Schulman, one of the co-founders of artificial intelligence company OpenAI, has left the ChatGPT maker for rival Anthropic, he said in a post on social media platform X late Mon[...]
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Elliott breaks down Southwest ownership in new regulatory filing
By Svea Herbst-Bayliss NEW YORK (Reuters) -Elliott Investment Management on Monday said in a regulatory filing that it has a 7% beneficial ownership in Southwest Airlines, giving a breakdown of what i[...]
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LATAM Airlines to invest $2 billion in Brazil over 2 years
SAO PAULO (Reuters) -LATAM Airlines on Monday said that it would invest $2 billion in Brazil, Latin America’s largest economy, within the next two years. The Chile-based airline said in a statem[...]
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