Factory inflation in China hits 17-month low, consumer prices accelerate

A worker walks in front of steel coils at the Chongqing Iron and Steel Plant in Changshu, Chongqing, China, August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now to get free unlimited access to Reuters.com Register Producer inflation in July at its lowest level since February 2021 Consumer price inflation in July at its highest level … Read more

With cash flowing in, Pfizer buys Global Blood Therapeutics in a $5.4 billion deal

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash to Global Blood Therapeutics, the maker of sickle cell disease drugs. (GBT.O)as it looks to benefit from increased revenue from the COVID-19 vaccine and treatment. Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium over Friday’s closing … Read more

Climate change puts Lyme disease in focus for France’s Valneva after Covid hit

LONDON (Reuters) – Climate change has increased the incidence of tick-borne Lyme disease. (VLS.PA) She’s betting hard on a vaccine because it seems beyond disappointing sales of its COVID dose. Although Valneva received approval from the European Union and British regulators, both pulled out of contracts worth more than $1 billion together, wiping out nearly … Read more

China’s exports gain momentum but outlook is cloudy as global growth slows

China’s exports in July grow faster, beating expectations Imports are again disappointing, highlighting weak domestic demand The trade balance hit a record high in July Weak external demand is adding pressure to the economic and trade outlook BEIJING (Reuters) – China’s export growth unexpectedly accelerated in July, providing an encouraging boost to the economy as … Read more

Oil prices hit their lowest levels since the Ukrainian invasion, amid fears of a recession

FILE PHOTO – A PetroChina worker inspects a crane at an oil field in Tacheng, Xinjiang Uyghur Autonomous Region, China, June 27, 2018. REUTERS/Stringer At Register now to get free unlimited access to Reuters.com Register Bank of England raises interest rates, warns of recession risks Saudi Arabia and UAE maintain oil firepower in case of … Read more