Reuters

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New form of Roche's Esbriet approved in Europe for lung disorder

ZURICH (Reuters) - Roche said a new Esbriet tablet formulation was approved in Europe for mild to moderate idiopathic pulmonary fibrosis (IPF), a fatal condition that causes irreversible, progressive scarring of the lungs.<p>Esbriet has been shown to slow the progression of IPF, and the new tablet …

Cancer

Novartis gets European OK for biosimilar of Amgen's Enbrel

ZURICH (Reuters) - Novartis's generics unit Sandoz said the European Commission approved Erelzi, its biosimilar to Amgen's Enbrel, to treat inflammatory diseases such as rheumatoid arthritis, psoriasis, and psoriatic arthritis.<p>The approval was based on a development program that demonstrated that …

Pharma

Volvo and Autoliv team up with Nvidia for self-driving cars

STOCKHOLM (Reuters) - Volvo Cars and Swedish car safety supplier Autoliv (ALV.N) have signed a deal with U.S. firm Nvidia Corp (NVDA.O), best known for its graphics technology in computer games, to develop software systems for self-driving cars.<p>A joint venture between Volvo, owned by China's …

Transportation

Serena hits back after McEnroe ranks her 700th on men's tour

(Reuters) - Serena Williams has asked John McEnroe for "respect" after the seven-times grand slam champion said his fellow American would be ranked "like 700 in the world" if she had to play on the men's circuit.<p>In an interview with National Public Radio on Sunday, McEnroe said 23-times grand slam …

Tennis

France's JCDecaux, America Movil create joint venture in Mexico

(Reuters) - France's JCDecaux said on Tuesday it will create a joint venture with Mexican telecommunications group America Movil by merging their out of home (OOH) advertising businesses.<p>JCDecaux will hold 60 percent of the new company, JCD Out Of Home Mexico, S.A. de C.V. (JCDecaux MX), with the …

Latin America

Exclusive: Ericsson scraps push for new clients beyond telecoms

LONDON/STOCKHOLM (Reuters) - Ericsson <ERICb.ST> has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.<p>The Swedish firm's clients in its core business …

Ericsson

Philippines says Duterte 'alive and well', amid health rumors

MANILA (Reuters) - Philippine President Rodrigo Duterte is alive and well and experiencing no health problems, the government said on Tuesday, amid concerns about his disappearance from the public eye for unusually long periods this month.<p>Known for a busy schedule and lengthy speeches often several …

Marawi City

With Alphabet, Google faces a daunting challenge: organizing itself

SAN FRANCISCO (Reuters) - Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself.<p>Nearly two years ago, Google co-founder Larry Page announced the tech giant …

Alphabet Inc.

In disaster's wake, BP doubles down on deepwater despite surging shale

THUNDER HORSE OIL PLATFORM, Gulf of Mexico (Reuters) - About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year.<p>On the deck of Thunder Horse, they work two-week …

Oil

South Korea's Moon makes second justice minister pick after first falls foul

SEOUL (Reuters) - South Korean President Moon Jae-in on Tuesday made a second attempt at appointing a justice minister after his earlier choice withdrew over questions about ethics and views on women.<p>A month-and-a-half after winning a snap election, Moon is still trying to form his cabinet.<p>Whoever …

North Korea

Explosion heard from ship off the coast of Somalia, official says

BOSASO, Somalia (Reuters) - A huge explosion was heard from a ship off the coast of Somalia's Puntland region late on Monday and flame was seen rising from what was possibly a foreign naval vessel, an official told Reuters.<p>"We heard (a) huge explosion and flame rising from the ship. I believe that …

War

Thunder's Westbrook named MVP after historic season

(Reuters) - Oklahoma City Thunder point guard Russell Westbrook put the finishing touch on a magical season by being named the Most Valuable Player of the 2016-17 campaign on Monday at the NBA's inaugural awards show.<p>Westbrook, who became only the second player and first in 55 years to average a …

Basketball

Chinese Nobel rights activist Liu Xiaobo's cancer beyond surgery: wife

BEIJING (Reuters) - Nobel Peace Prize-winning activist Liu Xiaobo's liver cancer is beyond treatment by surgery, chemotherapy and radiotherapy, Liu's wife said in a video, as worries deepen among supporters over his treatment by the Chinese authorities.<p>Liu, 61, was jailed for 11 years in 2009 for …

China

U.S. apartment vacancy rate edges up in second quarter: Reis

(Reuters) - The U.S. apartment vacancy rate increased in the second quarter and rents were higher, according to a report from Reis Inc (REIS.O).<p>The national vacancy rate rose slightly to 4.4 percent in the second quarter from 4.3 percent in the first quarter, the real estate research firm …

United States

China capable of achieving full-year GDP growth target, says premier

DALIAN, China (Reuters) - China is entirely capable of achieving its full-year growth target and controlling systemic risks despite many challenges facing its economy, China's Premier Li Keqiang said on Tuesday.<p>Beijing is targeting economic growth of around 6.5 percent in 2017, compared with the …

China

British Columbia's NDP introduces motion to topple provincial government

(Reuters) - British Columbia's New Democrats introduced a non-confidence motion in the Western Canadian province's government on Monday, setting the stage for the ruling Liberals to be toppled on Thursday after 16 years in power.<p>In a response to the June 22 Throne Speech, the government's agenda …

Canada

China industrial profits quicken in May, seen fading as finance costs rise

BEIJING (Reuters) - Profits at China's industrial companies surged 16.7 percent in May from a year earlier, accelerating from April and defying expectations of a slowdown in the face of rising borrowing costs and a cooling property market.<p>Profits in May rose to 625.99 billion yuan ($91.52 billion), …

China

U.S. threatens Syria, says Assad is planning chemical weapons attack

WASHINGTON (Reuters) - The White House warned Syrian President Bashar al-Assad on Monday that he and his military would "pay a heavy price" if it conducted a chemical weapons attack and said the United States had reason to believe such preparations were underway.<p>The White House said in a statement …

Syria

Talks over boosting Illinois Medicaid payments fail

CHICAGO (Reuters) - A U.S. judge should order Illinois to pay Medicaid providers about $1 billion a month to ensure medical care continues for the three million recipients of the health program after talks with the state reached an impasse, according to a court filing on Monday.<p>The move would cause …

United States

Federer and Nadal primed for dream Wimbledon final reprise

LONDON (Reuters) - Roger Federer and Rafael Nadal have shared the grand slam spoils this year and it would take a hard heart not to hope for a fairytale rematch next month of their epic 2008 Wimbledon final.<p>Federer, 35, prevailed in their five-set battle in Australia to win a record-extending 18th …

Tennis

U.S. judge halts deportation of Iraqis nationwide

DETROIT (Reuters) - A federal judge halted late on Monday the deportation of all Iraqi nationals detained during immigration sweeps across the United States this month until at least July 10, expanding a stay he imposed last week.<p>The stay had initially only protected 114 detainees from the Detroit …

Immigration

Three CNN journalists resign after Russia-related article retracted

(Reuters) - Time Warner's news division CNN has accepted the resignations of three journalists after the publication of a Russia-related article that was later retracted, a CNN spokesperson said on Monday.<p>The three journalists included Thomas Frank, the writer of the story; Eric Lichtblau, an …

Time Warner

Germany launches quest for new Wimbledon contenders

BERLIN (Reuters) - When Wimbledon got underway 25 years ago the reigning men's and women's champions were German but since then the country, once a tennis powerhouse, has yet to find another champion to succeed Michael Stich and Steffi Graf in London.<p>While German women have had two more finalists …

Tennis

Australia proposes rules to stabilize grid, avoid blackouts

(Reuters) - Australia has released a raft of proposals designed to avoid cascading blackouts and stabilize the nation's power supply as it becomes increasingly dependent on variable wind and solar energy.<p>The recommendations from the Australian Energy Market Commission are the latest in a series of …

Energy

China launches five 'green finance' pilot zones

SHANGHAI (Reuters) - China has launched five pilot zones to promote "green finance" and help pay for a war on pollution that is expected to cost at least 3 trillion yuan ($440 billion) a year, according to notices published by the central bank on Monday.<p>The five zones will be set up in the …

China

Charter, Comcast explore wireless partnership with Sprint: sources

(Reuters) - U.S. wireless carrier Sprint Corp (S.N) is in talks with Charter Communications Inc (CHTR.O) and Comcast Corp (CMCSA.O) about a partnership to boost the two U.S. cable companies' wireless offerings, according to sources familiar with the matter.<p>Sprint, controlled by Japan's SoftBank …

United States

China central bank to skip open market operations today: statement

SHANGHAI (Reuters) - China's central bank said it will skip open market operations for the third consecutive day on Tuesday as liquidity levels in the banking system were "relatively high".<p>"Fiscal expenditure were increasing towards the month-end to counter maturing reverse repos, liquidity in the …

China

Mexico president fetes telecom law as top court weighs Slim challenge

MEXICO CITY (Reuters) - President Enrique Pena Nieto and industry executives praised a three-year-old overhaul of Mexico's telecommunications sector on Monday as it faces a major challenge from billionaire Carlos Slim in the Supreme Court.<p>The number of Mexicans with cellphones surged by 20 million …

Mexico

Asserting 'dominance,' Trump seeks boost for U.S. energy exports

WASHINGTON (Reuters) - President Donald Trump on Thursday will lay out his plan for reducing regulations to boost already-abundant U.S. production of oil, natural gas and coal and export it around the world, creating American jobs and helping allies.<p>Trump will deliver an address on his …

United States

Dollar hits near five-week high against yen ahead of Yellen comments

TOKYO (Reuters) - The dollar rose on Tuesday to its highest level against the yen in nearly five weeks ahead of comments from Federal Reserve Chair Janet Yellen that are expected to underline her positive view of the U.S. economic outlook.<p>She is scheduled to take part in a discussion later on …

U.S. Treasury