July 9 Reuters Drugmaker Indivior Plc said on Tuesday it would cut about 130 jobs after lowering its profit forecast for the year due to unfavourable market conditions, adding that it would discontinue the sale of its schizophrenia drug Perseris. The company now expected adjusted operating profit for the year to be between 285 million to […]

LONDON, July 8 Reuters British online supermarket and technology group Ocado said on Monday it had boosted its partnership with Japan39;s Aeon with plans to build a third robotic warehouse. The third customer fulfilment centre CFC, as Ocado calls them, will be in KukiMiyashiro, the Saitama prefecture of Japan, and will go live in 2027. The […]

SINGAPORE, July 9 Reuters Singapore state investor Temasek said on Tuesday its net portfolio value had swung back to growth with a 1.8 gain, adding that profits from investments in the United States and India helped cushion the impact of underperformance in China. Significantly, Temasek39;s TEM.UL exposure to the Americas surpassed China for the first […]

JERUSALEM, July 9 Reuters Israel Aerospace Industries IAI ISRAI.UL has entered a 1 billion contract to supply one of its systems to an unnamed third party, the stateowned defence contractor said on Tuesday. IAI, which makes some of Israel39;s most advanced drones and missile defence systems, said in a regulatory filing in Tel Aviv that […]

HWASEONG, South Korea, July 8 Reuters Samsung Electronics workers began a threeday strike for better pay on Monday, with their union pointing to further action should South Korea39;s biggest conglomerate continue to fall short of its demands. The National Samsung Electronics Union NSEU, whose roughly 30,000 members make up almost a quarter of the firm39;s South Korean workforce, […]

FRANKFURT, July 8 Reuters Porsche is sticking to its guns in its transition of some models to electric vehicles, despite a recent weakness in demand for batterypowered cars, the carmaker39;s head of production told magazine Automobilwoche. Porsche executive board member Albrecht Reimold said that the petrolpowered version of SUV model Macan for nonEuropean markets would be […]

July 8 Reuters Airlines in the United States canceled more than 1,300 flights and delayed over 1,000 flights on Monday as Hurricane Beryl intensified and made landfall in Texas. A total of 1,361 flights were canceled and 1,014 flights were delayed as of 9.06 a.m. ET, according to the flight tracking website FlightAware. United Airlines led […]

July 8 Reuters Skydance Media and Paramount Global agreed to merge, the companies announced late on Sunday, scripting a new chapter for one of Hollywood39;s oldest studios. The companies agreed to a twostep process in which Skydance and its deal partners will acquire National Amusements, which holds the Redstone family39;s controlling stake in Paramount, for 2.4 […]