Town Hall News

BERLIN (Reuters) – Novartis said on Wednesday that it had decided not to move forward with ORION-17, the UK-based primary prevention trial originally planned as part of its partnership with NHS England to investigate the potential of the anti-cholesterol drug Leqvio. “After careful evaluation, we have decided not to move forward with ORION-17,” a spokesperson said in an emailed statement. “We continue to have very high ambitions for Leqvio and […]

By William Schomberg and David Milliken LONDON (Reuters) – British consumer price inflation unexpectedly rose to 10.4% in February, pushed up by drinks prices in pubs and restaurants, official data showed on Wednesday, a day before the Bank of England announces its latest decision on interest rates Economists polled by Reuters had forecast that the annual CPI rate would drop to 9.9% in February from January’s 10.1% and move further […]

By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Russia will always remain important for Europe, Austria’s foreign minister said, saying that to think otherwise was delusional. Alexander Schallenberg also defended the country’s second-biggest bank, Raiffeisen Bank International, saying it was unreasonable to single out the lender for doing business in Russia while so many other Western firms did the same. “To think that there won’t be Russia anymore and […]

(Reuters) -China’s President Xi Jinping left Russia on Wednesday after a grandiose display of solidarity with President Vladimir Putin against the West, that ended with the two autocrats pledging to work together to shape a new world order. During his two-day visit Xi barely mentioned the Ukraine conflict and said on Tuesday in final remarks that China had an “impartial position”. There was no sign that Xi’s efforts to play […]

(Reuters) -China’s President Xi Jinping left Russia on Wednesday after a grandiose display of solidarity with President Vladimir Putin against the West, that ended with the two autocrats pledging to work together to shape a new world order. During his two-day visit Xi barely mentioned the Ukraine conflict and said on Tuesday in final remarks that China had an “impartial position”. There was no sign that Xi’s efforts to play […]

(Reuters) -China’s President Xi Jinping left Russia on Wednesday after a grandiose display of solidarity with President Vladimir Putin against the West, that ended with the two autocrats pledging to work together to shape a new world order. During his two-day visit Xi barely mentioned the Ukraine conflict and said on Tuesday in final remarks that China had an “impartial position”. There was no sign that Xi’s efforts to play […]

(Reuters) -China’s President Xi Jinping left Russia on Wednesday after a grandiose display of solidarity with President Vladimir Putin against the West, that ended with the two autocrats pledging to work together to shape a new world order. During his two-day visit Xi barely mentioned the Ukraine conflict and said on Tuesday in final remarks that China had an “impartial position”. There was no sign that Xi’s efforts to play […]

By Yoruk Bahceli (Reuters) -Tighter financing conditions in markets sparked by banking sector turmoil may have done much of central banks’ jobs for them, boosting the case for an end to interest rate hikes soon. In less than two weeks, U.S. banking shares alone have slid over 15%, weaker companies’ borrowing costs have jumped and the risk premium on U.S. financial debt is at its highest since May 2020. Such […]

By Yoruk Bahceli (Reuters) -Tighter financing conditions in markets sparked by banking sector turmoil may have done much of central banks’ jobs for them, boosting the case for an end to interest rate hikes soon. In less than two weeks, U.S. banking shares alone have slid over 15%, weaker companies’ borrowing costs have jumped and the risk premium on U.S. financial debt is at its highest since May 2020. Such […]