Author: Press Room

© Reuters. UK pharmaceutical giant GSK Plc has revised its financial guidance upwards for the second time this year, driven by the successful launch of Arexvy, a vaccine designed to prevent a common respiratory virus in older adults. The vaccine, which was launched in the US and other regions in August, has seen high demand, contributing to robust third-quarter sales of £700 million ($850 million). Following the impressive performance of Arexvy, GSK now anticipates up to 13% sales growth and an adjusted earnings per share increase of 17%-20%. This positive forecast comes after a strategic decision by GSK to separate…

Rise Gold announces $750,000 financing

© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Wednesday ahead of the conclusion of the latest Federal Reserve meeting, while the yen remained near its one-year low.  At 04:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 106.612. Fed decision, Powell’s press conference in focus The U.S. dollar has continued to trade on the firm side as traders prepare for the conclusion of the latest policy-setting meeting later in the day.  While the central bank is expected to hold rates unchanged, it…

Vice President Kamala Harris plans to announce on Wednesday a slew of additional measures to curb the risks of artificial intelligence as she prepares to take part in a global summit in Britain where world and tech leaders will discuss the future of the technology.On her visit, which will kick off Wednesday with a policy address at the U.S. Embassy in London, Ms. Harris plans to outline guardrails that the American government will seek to put in place to manage the risks of A.I. as it asserts itself as a global leader in the arena.Taken together, the steps Ms. Harris…

Bill Ackman seems to be reconsidering his earlier calls to out anti-Israel Harvard students. On Tuesday, he tweeted about a video of a masked man on Harvard Square expressing love for Hamas. Ackman wrote that identifying this man “isn’t the answer,” and instead blamed social media. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app After calling on Harvard University to reveal the names of students who signed an anti-Israel letter last month, billionaire Bill Ackman isn’t so sure anymore.In a length post on X…

NEW YORK, UNITED STATES – 2023/04/12: Secretary Miguel Cardona, Department of Education at Sheraton … [+] Times Square. The Biden administration has approved student loan forgiveness for another 50,000 borrowers under an account adjustment. (Photo by Lev Radin/Pacific Press/LightRocket via Getty Images)Pacific Press/LightRocket via Getty Images The Education Department is currently notifying thousands of borrowers that they qualify for student loan forgiveness under a temporary Biden administration program designed to provide relief for those who have older student loans. “For years, millions of eligible borrowers were unable to access the student debt relief they qualified for,” said Education Secretary Miguel…

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Chinese artificial intelligence scientists have joined western academics to call for tighter controls on the technology than those being proposed by the UK, US and EU, as nations set out rival positions ahead of this week’s global AI safety summit.Several Chinese academic attendees of the summit at Bletchley Park, England, which starts on Wednesday, have signed on to a statement that warns that advanced AI will pose an “existential risk to humanity” in the coming decades.The group, which includes Andrew Yao, one…

© Reuters. By Sinead Cruise and Iain Withers LONDON (Reuters) – The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank loans handed out to ailing businesses during the COVID-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid. Previously unreported figures obtained by Reuters under a Freedom of Information (FOI) request show that the state-owned British Business Bank (BBB) – which administers the loan schemes – has removed state guarantees from 10,786 loans worth a combined 979 million pounds as of Oct. 11, shielding taxpayers from some…

© Reuters. In the wake of the Reserve Bank of India’s (RBI) ban on new customer onboarding on the ‘bob World’ app, Akhil Handa has stepped down from his role as the head of digital lending at Bank of Baroda (BoB). The bank disclosed Handa’s resignation in a regulatory filing. This move comes as a response to significant supervisory concerns raised by the RBI over alleged manipulation of the app. Following this development, BoB announced Kadgatoor Sheetal Venkatesmurt as Handa’s successor. The bank has also suspended officials implicated in the alleged manipulation, adhering to the RBI directive. This shake-up in…

© Reuters. Investing.com– Gold prices fell further on Wednesday as uncertainty grew before the conclusion of a Federal Reserve meeting and a key Treasury announcement later in the day, while weak economic data from China dented copper prices.  Easing concerns over the Israel-Hamas war also saw traders pricing in a smaller risk premium for gold, as a lack of major escalation in the conflict lessened concerns over its potential economic impact. While gold logged stellar gains in October on the back of the conflict, it was hit with a high degree of profit taking in recent sessions, especially as the…