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Channel Tunnel group Getlink says 'no-deal' Brexit is becoming very likely -

Channel Tunnel group Getlink says 'no-deal' Brexit is becoming very likelyChannel Tunnel operator Getlink posted lower first-half operating profits on Tuesday and said the scenario of Britain leaving the European Union without a divorce deal on October 31 was becoming "very likely". Getlink, formerly known as Eurotunnel, said its key reference scenario was now the "no-deal" one, and it therefore expected 2019 earnings before interest, taxes, depreciation and amortisation (EBITDA) to fall to 560 million euros ($626.6 million) from 569 million in 2018. Economic activity will continue to develop", he said, adding that Getlink's businesses met "vital needs".


Tue, 23 Jul 2019 01:30:02 -0400

Sanofi signs U.S. rights deal with Roche for flu treatment Tamiflu -

Sanofi signs U.S. rights deal with Roche for flu treatment TamifluFrench drugs and healthcare group Sanofi said on Tuesday it had signed a rights deal with Roche for the 'Tamiflu' product in the United States. The deal will give Sanofi exclusive U.S. over-the-counter (OTC) rights to Tamiflu, which is used for the prevention and treatment of flu. "This is a strategic and important transaction for us as we strive to continually bring innovations to the market," said Alan Main, executive vice president of Sanofi's consumer healthcare division, in a statement.


Tue, 23 Jul 2019 01:22:19 -0400

Australia to create new Pacific military unit in bid to woo the region -

Australia to create new Pacific military unit in bid to woo the regionAustralia will create a new military unit dedicated to training and assisting Pacific allies, Defence Minister Linda Reynolds said on Tuesday, as Canberra accelerates plans to undercut Chinese influence in the region. Australia, which long enjoyed virtually unchecked influence in the Pacific, and its Western allies worry that the region has edged closer to China in recent years as Beijing increases aid to the sparsely populated region and its resource-rich oceans. Australia has channelled ever larger amounts of aid to the region in a bid to counter China's growing presence but Reynolds said Canberra would also broaden its courtship of the Pacific to include stronger military ties.


Tue, 23 Jul 2019 01:09:12 -0400

FOREX-Sterling in defensive mood on concerns about no-deal Brexit -

FOREX-Sterling in defensive mood on concerns about no-deal BrexitSterling was on the back foot on Tuesday as investors worried Boris Johnson, the frontrunner to become the UK's next prime minister, would trigger a "hard Brexit" from the European Union, widely seen as a major risk for the British economy. The euro briefly touched the lowest in five weeks due to growing expectations European Central Bank President Mario Draghi will signal a rate cut in September at a policy meeting later this week to keep inflation expectations on track. The New Zealand dollar fell after Bloomberg News reported that the country's central bank is refreshing its strategies for unconventional monetary policy, but trading in other Asian currencies was subdued as investors awaited major developments in China-U.S. trade negotiations.


Tue, 23 Jul 2019 01:06:18 -0400

Reuters Entertainment News Summary -

Reuters Entertainment News SummaryFollowing is a summary of current entertainment news briefs. Walt Disney Co's Marvel Studios on Saturday unveiled a star-packed slate of superhero films for the next two years that includes Angelina Jolie in "The Eternals," Mahershala Ali in a remake of "Blade" and Natalie Portman as a female "Thor." The announcements at San Diego Comic-Con charts Marvel's course following mega-blockbuster "Avengers: Endgame," which Disney said was set to top 2009 film "Avatar" by Sunday as the highest-grossing movie of all time.


Tue, 23 Jul 2019 00:56:30 -0400


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