US court rejects J&J bankruptcy strategy for tens of thousands of talk cases

US court rejects J&J bankruptcy strategy for tens of thousands of talk cases

30 Jan. (Reuters) – A US appeals court has overruled Johnson & Johnson’s (JNJ.N) attempt to bankrupt tens of thousands of lawsuits over its talc products, ruling that the healthcare conglomerate improperly filed a subsidiary in Chapter 11. even though it did not get into financial trouble. The decision of the U.S. 3rd Circuit Court … Read more

Asian equities are becoming cautious as rate hikes and earnings loom

Asian equities are becoming cautious as rate hikes and earnings loom

https://tmsnrt.rs/2zpUAr4 Fed saw 25bp up this week, ECB and BOE up 50bp Tech giants lead numerous earnings results China shares as holiday travel increases SYDNEY, Jan. 30 (Reuters) – Asian stocks turned cautious on Monday ahead of a week in which interest rates in Europe and the United States are sure to rise, along with … Read more

New Zealand charges costs of flooding in Auckland, more rain forecast

New Zealand charges costs of flooding in Auckland, more rain forecast

WELLINGTON, Jan. 30 (Reuters) – Flood-ravaged Auckland is expected to receive more heavy rain in the coming days, authorities in New Zealand’s largest city said Monday, as insurers calculated the cost of what is likely to be the costliest weather of all time. the country seems to be event ever. Four people were killed in … Read more

Australia searches for small radioactive capsule believed lost on desert highway

Australia searches for small radioactive capsule believed lost on desert highway

MELBOURNE, Jan. 30 (Reuters) – Rio Tinto Ltd (RIO.AX) has apologized on Monday for the loss of a small radioactive capsule believed to have fallen from a truck and has triggered a radiation alert in parts of the sprawling state of western Australia. It’s unclear how long the radioactive capsule, part of a gauge used … Read more

Adani’s $2.5 billion share sale is looming on a pivotal day after the defeat

Adani’s .5 billion share sale is looming on a pivotal day after the defeat

NEW DELHI, Jan. 29 (Reuters) – Gautam Adani faces a critical day on Monday as the second day of the $2.5bn share sale of his flagship company was overshadowed by a $48bn price drop in the Indian billionaire’s stock, which was fueled by a report from a US short seller. Seven publicly traded companies belonging … Read more

Adani hits back at Hindenburg saying it did all the revealing

Adani hits back at Hindenburg saying it did all the revealing

Adani publishes 413-page refutation of the Hindenburg Report The US short-seller’s report led to declines in Adani shares Adani says complies with laws, necessary disclosures Adani CFO is confident that the $2.5 billion share sale will succeed NEW DELHI, Jan. 30 (Reuters) – India’s Adani Group on Sunday issued a detailed response to a report … Read more

Boeing’s 747, the original jumbo jet, prepares for its final departure

Boeing’s 747, the original jumbo jet, prepares for its final departure

Last 747 freighter delivered to Atlas Air Ends more than five decades of commercial output Nearly bankrupted Boeing before it became a cash cow Easy to fly, says rock star pilot Bruce Dickinson SEATTLE/PARIS, Jan. 29 (Reuters) – Boeing’s (BA.N) 747, the original and arguably most aesthetically pleasing “Jumbo Jet”, revolutionized air travel but saw … Read more

China’s 2022 smartphone shipments the lowest in 10 years, research firm says

China’s 2022 smartphone shipments the lowest in 10 years, research firm says

SHANGHAI, Jan. 29 (Reuters) – China’s smartphone sales fell 13% year on year in 2022, the industry’s biggest decline in a decade, as consumers spend cautiously, market research firm IDC said on Sunday. The total number of devices shipped was 286 million, up from 329 million in 2022. That meant total sales volume in 2022 … Read more

Rheinmetall eyes increase ammunition production, HIMARS production in Germany

Rheinmetall eyes increase ammunition production, HIMARS production in Germany

DUESSELDORF, Jan. 29 (Reuters) – German arms manufacturer Rheinmetall is poised to significantly increase production of tank and artillery munitions to meet strong demand in Ukraine and the West, and may begin production of several HIMARS missile launchers in Germany, said CEO Armin Papperger. Reuters. He was speaking days before German defense industry bosses are … Read more

Italy’s Eni signs an $8 billion Libyan gas deal as Prime Minister Meloni visits Tripoli

Italy’s Eni signs an  billion Libyan gas deal as Prime Minister Meloni visits Tripoli

ROME/TRIPOLI, Jan. 28 (Reuters) – Italian energy company Eni and Libya’s National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday to boost Europe’s energy supply despite insecurity and political chaos in the North African region. country. The deal, signed during a visit to Tripoli by Italian Prime Minister Giorgia Meloni, aims … Read more