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Sanofi formally investigated over epilepsy drug Depakine

PARIS (Reuters) – Healthcare company Sanofi Aventis France said it had been placed under formal investigation on charges of manslaughter over Depakine, which is an epilepsy drug that caused birth malfunctions and slow neurological development when taken during... More »

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There may never be a ‘silver bullet’ for COVID-19, WHO warns

GENEVA (Reuters) – The World Health Organization warned on Monday that, despite strong hopes for a vaccine, there might never be a “silver bullet” for COVID-19, and the road to normality would be long. More than 18.14 million people around the world are report... More »

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Murray wants assurance on quarantine issues before U.S. Open

(Reuters) – Players need assurance that they would not face mandatory quarantine upon returning to Europe from the U.S. Open before travelling to New York amid the COVID-19 pandemic, former world number one Andy Murray has said. Organisers United States Tennis... More »

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Next big COVID-19 treatment may be manufactured antibodies

(Reuters) – As the world awaits a COVID-19 vaccine, the next big advance in battling the pandemic could come from a class of biotech therapies widely used against cancer and other disorders – antibodies designed specifically to attack this new virus. Developme... More »

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Russia to scrap Cyprus tax deal after talks fail: finance ministry

MOSCOW (Reuters) – Russia’s finance ministry said on Monday it would scrap an agreement with Cyprus aimed at avoiding double taxation after talks to modify the deal failed, and that legal changes would make it more profitable for people to transfer money back ... More »

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Europe cushions workforce as U.S. lifeline runs threadbare

FRANKFURT/LOS ANGELES (Reuters) – – While millions of U.S. workers thrown into unemployment by the coronavirus pandemic fret about feeding their families, idled German airline purser Marco Todte is mainly concerned about his next vacation. Todte, 41, hasn’t fl... More »

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Strain on global manufacturing eases as euro zone returns to growth

LONDON/TOKYO (Reuters) – Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the cor... More »

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UK proposes cash back breathing space for property funds

LONDON (Reuters) – Investors in property funds should wait up to 180 days before they can get their money back to avoid widespread suspensions in rocky markets, Britain’s Financial Conduct Authority proposed on Monday. UK-regulated open-ended property funds of... More »

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Russia is raising oil output as OPEC+ cuts ease: source

MOSCOW (Reuters) – Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 1-2 from 9.37 million bpd in July as the country eases production curbs under an OPEC+ deal, a source familiar with data said on Monday. The Energy ... More »

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McIlroy targets majors with renewed focus after shutdown

(Reuters) – Rory McIlroy says the coronavirus shutdown has made him more focused on adding to his tally of four major titles, the last of which came in 2014. The 31-year-old will compete in the PGA Championship at Harding Park starting on Thursday, before the ... More »

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Greek Sakkari was ready to swap racket for track spikes

(Reuters) – Greek tennis player Maria Sakkari says she was so desperate for competition during the COVID-19 shutdown that she considered running in the 100m at the national athletics championships. The 25-year-old is seeded third at the WTA’s Palermo Ladies Op... More »

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Aubameyang double helps Arsenal beat Chelsea for 14th FA Cup trophy

(Reuters) – Arsenal skipper Pierre-Emerick Aubameyang scored twice to help his side secure a 2-1 win over 10-man Chelsea in the FA Cup final on Saturday for a record-extending 14th crown in the competition – and a spot in next season’s Europa League. Victory a... More »

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VIP waxworks socially-distance outside London’s Madame Tussauds

LONDON (Reuters) – Madame Tussauds’ most famous figures led by example and formed a socially distanced queue outside the soon-to-be reopened wax museum on Thursday, with Queen Elizabeth leading the way followed by British Prime Minister Boris Johnson then musi... More »

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A tour of crumbling Malta villa where the Queen lived in her 20s

VALLETTA (Reuters) – It is the only property outside of Britain that Queen Elizabeth called home. A crumbling villa near Malta’s capital, Valletta, where the heir to the English throne lived between 1949 and 1951, is about to get a new lease of life as a museu... More »

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Scientists solve mystery of the origin of Stonehenge megaliths

(Reuters) – Scientists have solved an enduring mystery about Stonehenge, determining the place of origin of many of the megaliths that make up the famed monument in Wiltshire, England, thanks to a core sample that had been kept in the United States for decades... More »

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Factbox: Intesa eyes integration, growth after UBI bid succeeds

MILAN (Reuters) – Intesa Sanpaolo (ISP.MI) succeeded in its bid for UBI Banca (UBI.MI) on Tuesday after acquiring two thirds of its target’s shares to pass a vital threshold that leaves it in full control of what will be the euro zone’s seventh-largest bank. W... More »

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Woolly mammoth skeleton found in lake in Russia’s Arctic

MOSCOW (Reuters) – Russian scientists are poring over the stunningly well-preserved bones of an adult woolly mammoth that roamed the earth at least 10,000 years ago, after local inhabitants discovered its remains in the shallows of a north Siberian lake. Part ... More »

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Norway plan to save giant Picasso murals divides opinion

OSLO (Reuters) – Norway began tearing down a landmark building adorned with giant murals by Pablo Picasso on Monday as part of efforts to rebuild government headquarters after a deadly far-right bombing. Oslo’s ‘Y block’ office building, with a Picasso drawing... More »

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Decision on staging London Marathon 2020 delayed until next month

(Reuters) – A decision on whether this year’s London Marathon can be held has been pushed back until Aug. 7, the organisers said on Monday. The event, originally scheduled for April 26, was postponed to Oct. 4 after the COVID-19 pandemic disrupted the internat... More »

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Full ceasefire takes effect in eastern Ukraine

KYIV (Reuters) – A full and comprehensive ceasefire between Ukrainian government forces and pro-Russian separatists has entered into force in eastern Ukraine, opening the prospect of an end to military and civilian casualties, the two sides said on Monday. Ukr... More »

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Oil up on weak dollar though U.S.-China tensions, virus weigh

SINGAPORE/LONDON (Reuters) – Oil prices edged higher on Monday helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China. Brent crude LCOc1 rose 32 cent... More »

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Qualtrics float would be ‘win-win’ proposition: SAP CEO

BERLIN (Reuters) – SAP’s (SAPG.DE) plans to float online sentiment tracking business Qualtrics would be a “win-win” proposition, CEO Christian Klein said on Monday, as the business software group confirmed its second quarter results and guidance. SAP would ret... More »

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‘Hopeless addict’ Depp was a violent misogynist, court hears

LONDON (Reuters) – Johnny Depp was a drug addict prone to violent rages and a misogynist who assaulted his wife and used abusive language about women, a London court was told on Monday as the actor’s libel trial against a British tabloid neared its ending. The... More »

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SAP picked by Moderna to help distribute COVID-19 vaccine candidate

BERLIN (Reuters) – Business software group SAP (SAPG.DE) has been selected by Moderna (MRNA.O) to help distribute the potential COVID-19 vaccine that the U.S. pharmaceuticals company is developing, CEO Christian Klein said on Monday. “Moderna just selected SAP... More »

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Gold roars to record high, dollar dives again

LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »

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BMW to offer fully electric 5-series in emissions push

FRANKFURT (Reuters) – BMW (BMWG.DE) will offer a fully electric 5-series as part of sweeping product overhaul unveiled on Monday as the German carmaker seeks to lower vehicle emissions during production and on the road. “In ten years, the goal is to have a tot... More »

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Carrefour expands Uber Eats service to more French cities, Belgium

PARIS (Reuters) – French supermarket retailer Carrefour (CARR.PA) and Uber Eats (UBER.N) said on Monday they were rolling out their home delivery partnership nationwide and to Belgium. The service, initially launched on April 6, was aimed at helping Parisians ... More »

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‘Apprehensive’ Murray mentally switched on for U.S. Open

(Reuters) – Britain’s Andy Murray is still feeling “apprehensive” about travelling to New York for the U.S. Open amid the COVID-19 pandemic but the former world number one says he is mentally preparing for the Grand Slam. The United States has the highest numb... More »

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Original drawing of Olympic rings sells for 185,000 euros

(Reuters) – An original drawing of the Olympic rings by the founder of the modern Games, Pierre de Coubertin, has fetched 185,000 euros ($216,302) at auction in Cannes, the auction house said. “The drawing was sold to a Brazilian collector for a price of 185,0... More »

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‘Gone With The Wind’ star Olivia de Havilland dies aged 104

(Reuters) – “Gone With the Wind” star Olivia de Havilland, considered the last surviving actress of the Golden Age of Hollywood, died on Sunday at the age of 104, the Hollywood Reporter said. She died of natural causes at her home in Paris, where she had lived... More »

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UK rapper Wiley faces police probe over accusations of anti-Semitism

LONDON (Reuters) – British rap artist Wiley is facing a police investigation after a string of anti-Semitic comments appeared on his social media accounts, prompting his management to drop him. The rapper’s Twitter account, which has half a million followers, ... More »

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Norway quarantine is no obstacle for secret agent Ethan Hunt

OSLO (Reuters) – The Norwegian government will make an exception for Tom Cruise and his crew to shoot parts of a new “Mission: Impossible” movie in Norway this autumn without imposing quarantine requirements, a minister said on Friday. Production of the sevent... More »

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Man parades down Oxford Street wearing nothing but mask

LONDON (Reuters) – A man strolled down central London’s most popular shopping street on Friday with only a mask to cover his nudity, leaving passerbys astounded, amused and shocked. As the man walked nonchalantly along Oxford Street, naked except for the light... More »

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TCI sees Autostrade valuation between 11-12 billion euros-partner

MILAN (Reuters) – Activist hedge fund TCI Fund Management, which is challenging the Italian government over the forced sale of Atlantia’s Autostrade per l’Italia (ASPI) unit, said on Friday the value of Autostrade could be between 11 and 12 billion euros. “I b... More »

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Rembrandt and Picasso entice life back to auctions after lockdown

LONDON (Reuters) – Works by Rembrandt, Miro and Picasso are being offered to entice life back to the auction world next week when Sotheby’s holds its first face-to-face sale since the coronavirus in London with a line-up from the Renaissance to the European Av... More »

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Scientists identify 37 recently active volcanic structures on Venus

WASHINGTON (Reuters) – Scientists have identified 37 volcanic structures on Venus that appear to be recently active – and probably still are today – painting the picture of a geologically dynamic planet and not a dormant world as long thought. The research foc... More »

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UK asks Japan for Huawei alternatives in 5G networks: Nikkei

TOKYO (Reuters) – The British government has asked Japan to help build its 5G wireless networks without Huawei Technologies [HWT.UL], the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China. Britain... More »

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German abattoir scandal puts cooling systems under COVID spotlight

(This July 17 story corrects to show company name in 15th paragraph is Howatherm not Howarth) By Caroline Copley BERLIN (Reuters) – A COVID-19 outbreak in Germany is forcing meatpacking plants to review infection risks posed by their cooling systems, placing t... More »

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EU leaders show first signs of compromise on stimulus plan

BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a fourth day. Divided and slow to respond ... More »

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Analysts’ View: EU progress lifts euro, stocks on the defensive

LONDON (Reuters) – EU leaders reported some progress on Monday after three days of haggling over a coronavirus stimulus plan, sending the euro to a four-month high and Italy’s borrowing costs to lows not seen since March. An attempt to reach a compromise faile... More »

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Polish industrial output rises by 0.5% y/y in June, above forecast

GDANSK/WARSAW (Reuters) – Poland’s industrial output PLIPY=ECI rose by 0.5% in June, better than the 6.9% decline forecast by analysts, who said the statistic office data suggest the economy may overcome the coronavirus crisis faster than initially expected. T... More »

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Oil falls as virus infections rise, eyes on EU recovery plan

LONDON (Reuters) – Oil prices fell on Monday as coronavirus cases increased in many countries across the globe, but investors remained cautiously optimistic about ongoing talks over a European Union-wide recovery fund to revive economies affected by the pandem... More »

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Work begins on black boxes from Ukrainian jet downed by Iran

PARIS (Reuters) – Investigators have begun work on the flight recorders from the Ukrainian jet accidentally shot down by Iran in January, France’s BEA accident investigation bureau said on Monday. Iranian forces say they downed the Ukraine International Airlin... More »

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Euro hits four-month high on hopes for EU recovery fund deal

LONDON (Reuters) – The euro retreated after hitting a 19-week high of $1.1467 on Monday after EU summit chairman Charles Michel said a recovery fund to revive economies hit by the COVID-19 pandemic could contain 390 billion euros in grants. EU leaders have mad... More »

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European stocks slip as cyclicals retreat, EU talks in focus

(Reuters) – European shares fell on Monday, dragged down by cyclical sectors amid a surge in coronavirus cases globally, while investors remained cautiously optimistic about the ongoing talks over an EU-wide recovery fund. An index of eurozone shares .STOXXE s... More »

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China urges UK to avoid taking wrong path in Hong Kong affairs

BEIJING (Reuters) – China on Monday urged Britain to avoid making further steps down wrong path after reports that it was poised to suspend an extradition treaty for Chinese-ruled Hong Kong. Foreign ministry spokesman Wang Wenbin made the remark during a daily... More »

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Penalty takes shine off one of Rahm’s best ever shots

(Reuters) – Jon Rahm’s two-shot penalty at the 16th hole of the Memorial Tournament on Sunday had no impact on the final placings but the Spaniard says it took the shine off one of the greatest shots of his career. Rahm’s final round three-over-par 75 was enou... More »

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Rahm overcomes nerves and penalty to take Memorial and top ranking

(Reuters) – Spain’s Jon Rahm overcame nerves and a two-shot penalty to claim victory at the Memorial Tournament on Sunday and replace Rory McIlroy at the top of the world rankings. Rahm began the final round at a steamy and gusty Muirfield Village Golf Club wi... More »

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Actress Heard to be quizzed over her Depp ‘wife beater’ claims

LONDON (Reuters) – Actress Amber Heard will be questioned about her allegations that she suffered domestic abuse at the hands of ex-husband Johnny Depp when she begins giving evidence on Monday as part of the Hollywood star’s libel case against a British tablo... More »

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Factbox: Johnny Depp’s libel case – The evidence so far

LONDON (Reuters) – Johnny Depp is suing the publisher of Britain’s Sun newspaper and its executive editor Dan Wootton for libel over an article that described the movie star as a “wife beater”. Depp has given five days of testimony. This week, London’s High Co... More »

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Hamilton criticises F1 after ‘rushed’ anti-racism gesture

(Reuters) – Six times world champion Lewis Hamilton criticised Formula One’s leaders after what he called a “rushed” anti-racism gesture by some drivers before the start of Sunday’s Hungarian Grand Prix. Hamilton, who won from pole position to take the champio... More »

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Movie magic as Paris turns the Seine into open-air cinema

PARIS (Reuters) – While the cinema drive-in may have gotten a boost as lockdowns gradually come to an end amid the COVID-19 outbreak, in Paris film fans can now munch on their popcorn watching a movie from a boat on the river Seine. As part of Paris Plages, th... More »

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G20 finance officials eye solution to digital tax row this year

WASHINGTON/BERLIN (Reuters) – Finance officials from the Group of 20 major economies on Saturday vowed to resolve major differences over taxing big tech companies and reach a broad, consensus-based solution on international taxation this year. The United State... More »

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Steroid’s COVID-19 benefits confirmed- spotlight on immune cells

(Reuters) – The following is a brief roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus. Full dexamethasone trial results released The full results... More »

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Intesa ups bid for UBI by 18% with cash sweetener

MILAN (Reuters) – Italy’s Intesa Sanpaolo (ISP.MI) on Friday raised its bid for rival UBI Banca (UBI.MI) by 18%, adding a cash sweetener to secure investor backing for its plan to create the euro zone’s seventh-largest banking group. In mid-February, just befo... More »

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Paper made up quotes to defame Depp, actress tells UK libel trial

LONDON (Reuters) – Actress and #MeToo campaigner Katherine Kendall said on Friday Britain’s Sun newspaper had deliberately misused her quotes in an article which labelled Hollywood star Johnny Depp a “wife beater”. Depp, 57, is suing the publisher of that news... More »

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Euro zone shares flat as EU recovery plan awaited- Ericsson soars

(Reuters) – Euro zone shares were little changed on Friday as investors awaited the outcome of an European Union summit where leaders are expected to hammer out details of a 750-billion-euro ($858 billion) recovery fund. The euro zone STOXX index .STOXXE was f... More »

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Cohen’s Point72 to open Warsaw office for some back office teams

BOSTON(Reuters) – Billionaire investor Steven A. Cohen’s Point72 Asset Management is opening the $16.2 billion firm’s latest satellite location in Warsaw and moving some back office operations to lower-cost Poland. Point72, based in Stamford, Connecticut with ... More »

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Lagarde says ECB expects more grants than loans in EU recovery fund

FRANKFURT (Reuters) – The European Central Bank expects a pending European Union stimulus scheme to favour grants over loans in the funding mechanism it uses to help kick-start the bloc’s economies, bank president Christine Lagarde said on Thursday. Leaders of... More »

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Triple jump champion Taylor supports Games protest option

(Reuters) – Twice Olympic triple jump champion Christian Taylor has joined calls to allow athletes to protest peacefully during the Games as anti-racism stances are increasingly seen at sports events in the wake of George Floyd’s death in U.S. police custody. ... More »

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Banksy mural stolen at Bataclan returned to France from Italy

ROME (Reuters) – Italy on Tuesday handed back to France a mural painted by British street artist Banksy which was stolen from the Paris Bataclan theatre, where militant Islamist gunmen killed scores of people in an attack in November 2015. In June 2018, Banksy... More »