Topic

COVID-19 coronavirus

The latest on the global pandemic

  • Reuters

    CEO of S.Africa's Absa leaves over strategy dispute after 15 months

    Absa Chief Executive Daniel Mminele has stepped down, the bank said on Tuesday, a shock departure just 15 months into his post that sent shares in one of Africa's biggest lenders down as much as 5%. Mminele, a former deputy central bank governor, took the reins at Absa from long-time boss Maria Ramos in January 2020 and was tasked with delivering on a turnaround strategy that had largely been laid down prior to his arrival. Business Day newspaper and other media said he would leave after a rift with the board about Absa's strategic direction.

  • Reuters

    Special Report-The Reuters Hot List: the world's top climate scientists

    In 1988, U.S. scientist James Hansen went before Congress and testified about his research into the warming of the planet. More than 30 years later, Hansen's prediction that the average global temperature could rise by about 1 degree Celsius (almost 2 degrees Fahrenheit) by 2019 has come to pass. Echoing divisive skirmishes over climate change, politics and science have done battle, as some governments appeared to dismiss or minimize established research on the virus' spread.

  • Reuters

    Maersk looks to diversify Indian revenue with new rail service for auto companies

    Maersk has launched a rail service between its port in western India and the northern automobile manufacturing hub of Gurugram as the shipping group looks to boost revenue from its "non-ocean" business, its South Asia head told Reuters. The rail service, which will carry auto parts for export and return with import cargoes, will also ensure companies have more predictability in managing their supply chain, Vikash Agarwal, managing director, Maersk South Asia said on Tuesday.

  • Reuters

    M&G reopens UK property fund frozen since 2019

    M&G will reopen its two billion pound UK property fund, which it suspended in Dec 2019, after selling 38 properties in the portfolio, the British asset manager said on Tuesday. M&G froze the fund due to problems in the UK retail property sector and uncertainty over Brexit, it said at the time. The assets were sold at a combined -0.1% discount to their net asset value and cash in the fund now stands at 33.2%, M&G said.

  • Reuters

    Exclusive: Why a U.S. hospital and oil company turned to facial recognition

    Deployments of facial recognition from Israeli startup AnyVision show how the surveillance software has gained adoption across the United States even as regulatory and ethical debates about it rage. The technology finds certain faces in photos or videos, with banks representing one sector that has taken interest in systems from AnyVision or its many competitors to improve security and service. Cedars-Sinai's main hospital uses AnyVision facial recognition to give staff a heads-up about individuals known for violence, drug fraud or using different names at the emergency room, three sources said.

  • Associated Press

    Pandemic puts tulips, bluebells, cherry blossoms in hiding

    There is no stopping flowers when they bloom, blossoms when they burst. From Japan's cherry blossom trees, to the endless Keukenhof tulip fields in the Netherlands, to the riot of purple bluebells in the Hallerbos south of Brussels, everything looks its best this spring when conditions are at its worst.

  • Reuters

    Russia detains Navalny allies, raids offices on eve of protest

    Russian police detained several allies of Kremlin critic Alexei Navalny on Tuesday and raided two of his regional offices, a protest monitoring group said, a day before his supporters plan to stage mass protests over his deteriorating health in jail. Navalny, 44, President Vladimir Putin's staunchest critic, declared a hunger strike three weeks ago to demand access to better medical care. The state prison service has said his condition is satisfactory and that he has agreed to receive "vitamin therapy".

  • Associated Press

    Asia Today: Indian opposition leader positive for COVID-19

    Rahul Gandhi, an opposition Congress party leader and scion of India’s Nehru-Gandhi family, says he has tested positive for COVID-19 after experiencing mild symptoms. Gandhi last week called off political rallies in West Bengal state where provincial elections are being held. On Monday, another top Congress party leader and former prime minister, Manmohan Singh, also tested positive and was hospitalized as a precaution.

  • Reuters

    Europe Inc eyes record first-quarter earnings jump as economy recovers

    Europe Inc earnings are expected to have risen a record 61% in the first quarter of 2021, Refinitiv IBES data showed on Tuesday, as the global economy recovers from the severe downturn caused by the coronavirus pandemic. That would mark the best quarter for Europe Inc since IBES records began around nine years ago and also represents a big improvement compared to last week's forecast for a 55.7% jump. The forecasts, which track companies listed on the pan European STOXX 600 equity benchmark, point to revenues rising 2.8% in the first quarter, compared to 2.7% a week ago.

  • Associated Press

    Johnson & Johnson Q1 profit, sales jump, beat Street views

    Big jumps in sales of prescription drugs and medical devices helped Johnson & Johnson boost its first-quarter profit nearly 7%, blowing past Wall Street forecasts. The healthcare giant raised its financial forecasts for 2021. The one weak spot in the results J&J reported Tuesday was a small drop in consumer health sales, which saw a surge in 2020’s first quarter, when nervous consumers stocked up on over-the-counter medicines as the coronavirus pandemic set in and lockdowns began.