Finance

Eli Lilly’s boss calls UK the ‘worst’ European country for drug prices

Eli Lilly’s boss calls UK the ‘worst’ European country for drug prices

By Muvija M LONDON (Reuters) -Eli Lilly Chief Executive Dave Ricks said Britain was “probably the worst country in Europe” for drug prices in an interview with the Financial Times, int...

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Mercedes appoints new technology, production chiefs

Mercedes appoints new technology, production chiefs

BERLIN (Reuters) -Mercedes-Benz announced changes to its top management on Wednesday, replacing chief technology officer Markus Schaefer with head of production Joerg Burzer, as it pursues cost ef...

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Australia’s Woodside inks LNG supply deal with Turkey’s BOTAS

Australia’s Woodside inks LNG supply deal with Turkey’s BOTAS

(Reuters) -Australia’s Woodside Energy said on Wednesday it has clinched an agreement to supply about 5.8 billion cubic metres of liquefied natural gas, to Turkish state-owned petroleum comp...

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Big Tech’s AI ambitions are straining the US power grid. Natural gas might be its answer.

Big Tech’s AI ambitions are straining the US power grid. Natural gas might be its answer.

The energy demand from data centers is expected to double by 2028, according to the Lawrence Berkeley National Laboratory. But the US power grid, full of aging infrastructure, years-long connectio...

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Tech giant Alibaba sees shares rise after CEO pledges AI spending lift

Tech giant Alibaba sees shares rise after CEO pledges AI spending lift

Shares in Alibaba rose around 9% in Hong Kong on Wednesday afternoon after CEO Eddie Wu said that he would lift the firm’s AI budget. The e-commerce giant had already pledged to invest 380 billion...

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