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By Aishwarya Nair (Reuters) – A tentative labor deal between United Parcel Service and the Teamsters union on Tuesday could pressure full-year outlook for the world’s largest parcel delivery firm, according to analysts. The five-year contract, which the head of the union claims to be worth $30 billion in new money, covers about 340,000 U.S. employees and provides wage increases, and one more paid holiday among other benefits. UPS shares […]

(Reuters) – Coca-Cola Co raised its annual revenue and profit forecasts on Wednesday, betting on higher pricing and resilient demand for its sodas, especially its namesake drink and Sprite. The company’s shares rose about 2% in premarket trading as it also beat second-quarter results. When supply chain snags and the Russia-Ukraine conflict pushed prices of everything from commodities like sugar to transport higher, many consumer goods companies including Coca-Cola hiked […]

By Moussa Aksar and Boureima Balima NIAMEY (Reuters) -Niger presidential guards are holding President Mohamed Bazoum inside the presidential palace in the capital, which has been blocked off by military vehicles since Wednesday morning, security sources said. The movements have the semblance of four military takeovers that have hit neighbouring Mali and Burkina Faso since 2020. Ministries next to the palace have also been blocked off, and staff inside the […]

NIAMEY (Reuters) – Niger presidential guards are holding President Mohamed Bazoum inside the presidential palace, which has been blocked off by military vehicles, security sources said on Wednesday. (Reporting by Moussa Aksar; Writing by Sofia Christensen; Editing by Alexander Winning) Brought to you by www.srnnews.com

By Aziz El Yaakoubi RIYADH (Reuters) – Saudi Arabian authorities have detained five relatives of a U.S. citizen, three rights groups said on Wednesday, arguing that the detentions were retaliation for his family’s failed lawsuit against the Saudi government in the United States. The Freedom Initiative, Democracy for the Arab World Now (DAWN) and ALQST for Human Rights told Reuters Saudi security forces had arrested four relatives of 15-year-old U.S. […]

(Reuters) – Moderna and drugmaker Merck have started a late-stage study to evaluate their experimental mRNA-based cancer vaccine in combination with cancer therapy Keytruda, the companies said on Wednesday. The companies will study the safety and efficacy of the vaccine-Keytruda combination in patients with a type of skin cancer, compared to Keytruda alone. Global recruitment for the trial has begun, with the first patients being enrolled in Australia, the companies […]

By Moussa Aksar and Boureima Balima NIAMEY (Reuters) -Niger presidential guards are holding President Mohamed Bazoum inside the presidential palace in the capital, which has been blocked off by military vehicles since Wednesday morning, security sources said. The movements have the semblance of four military takeovers that have hit neighbouring Mali and Burkina Faso since 2020. Ministries next to the palace have also been blocked off, and staff inside the […]

(Reuters) – Alphabet rallied nearly 7% on Wednesday on signs its dominant Google Search business was faring well in an uncertain advertising market and remained unscathed in the face of competition from an AI-powered Microsoft Bing. The world’s fourth most valuable firm was set to add more than $100 billion to its market capitalization, based on premarket movements. Its shares have rallied 39% this year on the hype around artificial […]

BENGALURU (Reuters) -India’s Tech Mahindra on Wednesday posted a surprise 39% drop in first-quarter profit, as challenging macroeconomic conditions prompted clients to curb spending. The company’s consolidated net profit fell to 6.93 billion rupees ($84.5 million) for the quarter ended June 30. Analysts were expecting profit to remain flat at 11.32 billion rupees, according to Refinitiv data. Indian information technology (IT) companies have seen clients tighten spending amid fears of […]