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German exporters face prolonged slump in key U.S., China markets

BERLIN, Jan 2 (Reuters) - German exporters should prepare for continued weakness in 2026 in their two largest markets, the United States and China, with little prospect of recovery, the BGA trade association said on Friday. "We do not see ...
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China taxes condoms, contraceptive drugs in bid to spur birth rate

HONG KONG, Jan 2 (Reuters) - China removed a three-decade-old tax exemption on contraceptive drugs and devices from January 1 in new steps to spur a flagging birth rate. Condoms and contraceptive pills now incur value-added tax of 13%, the ...
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Stocks make upbeat start to 2026; precious metals extend sparkling rally

By Rae Wee SINGAPORE, Jan 2 (Reuters) - Stocks began 2026 on a positive note in holiday-thinned trade as investors braced for a year set to test the AI-led rally, usher in a change of guard at the Federal Reserve ...
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Asia’s factories end 2025 on firmer footing as orders pick up

SINGAPORE, Jan 2 (Reuters) - Asia's factory powerhouses closed 2025 on a firmer footing, with activity swinging back to growth in several key economies as export orders picked up, helped by new product launches. Purchasing managers' indexes (PMIs) released by ...
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US FDA declines to approve Corcept’s drug for rare hormonal disorder

By Sneha S K and Sahil Pandey Dec 31 (Reuters) - The U.S. Food and Drug Administration has declined to approve Corcept Therapeutics' drug for the treatment of a rare hormonal disorder, the company said on Wednesday. Shares of ...
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Bain Capital buying South Korean activewear firm Echo Marketing in $344 million deal

SEOUL, Jan 2 (Reuters) - Bain Capital is buying a 43.66% stake in South Korea's Echo Marketing, which owns local activewear brand Andar, from its founder and another shareholder for 216.6 billion won ($150.14 million), Echo said in a ...
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Maduro open to US talks on drug trafficking, but silent on CIA strike

CARACAS, Venezuela (AP) - Venezuela is open to negotiating an agreement with the United States to combat drug trafficking, the South American country's President Nicolás Maduro said in a pretaped interview aired Thursday on state television, but he declined ...
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Exclusive-Drugmakers raise US prices on 350 medicines despite pressure from Trump

By Michael Erman NEW YORK, Dec 31 (Reuters) - Drugmakers plan to raise U.S. prices on at least 350 branded medications including vaccines against COVID, RSV and shingles and blockbuster cancer treatment Ibrance, even as the Trump administration pressures them ...
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Jack Smith says ‘no historical analog’ for Trump’s actions around 2020 election, denies political influence

(WASHINGTON) -- Former special counsel Jack Smith defended his decision to bring charges twice against President Donald Trump -- telling lawmakers in a closed-door deposition earlier this month that his team "had proof beyond reasonable doubt in both cases" ...
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Ohio police search for suspect after dentist, wife found murdered at home

Ohio authorities are searching for a suspect after a dentist and his wife were found murdered inside their home earlier this week.Columbus Police Patrol officers responded to the home of Spencer Tepe, 37, and Monique Tepe, 39, on Tuesday ...
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Samsung Electronics highlights progress in HBM4 chip supply

SEOUL, Jan 2 (Reuters) - Samsung Electronics highlighted on Friday progress in the company's next-generation high-bandwidth memory (HBM) chips, or HBM4, saying customers have praised its competitiveness. Samsung Electronics' co-CEO Jun Young-hyun, who leads the chip division, said in a ...
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Trump says he got a CT scan instead of an MRI

(WASHINGTON) -- For weeks, President Donald Trump has said that he received an MRI at Walter Reed National Military Medical Center in October, but when asked about the procedure by the Wall Street Journal in an interview published Thursday, ...
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