UPDATE 1-Carlyle to increase its stake in Swiss refiner Varo Energy

(Adds context) LONDON, Feb 3 (Reuters) – Private equity company Carlyle Group will increase its stake in Varo Energy by buying out one of two other partners in the Swiss refining firm, the companies said. Carlyle is part owner of Varo with Dutch investment firm Reggeborgh and energy trader Vitol. Varo said Carlyle would raise its share by acquiring Reggeborgh’s […]

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GSK, CureVac team up to develop vaccine against COVID-19 variants

FRANKFURT (Reuters) – Britain’s GlaxoSmithKline and German biotech firm CureVac have teamed up in a 150 million euro ($180 million) deal to develop a COVID-19 vaccine from next year that could target several variants with one shot.Slideshow ( 2 images )New, more contagious mutations of COVID-19 have emerged in Britain, South Africa and Brazil and while existing vaccines appear to […]

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Thailand's Phuket plans private vaccination drive, aims for October reopening

BANGKOK (Reuters) – Thailand’s resort island of Phuket is planning private coronavirus vaccinations for 250,000 residents in the hope the government will allow it to fully reopen to foreign tourists by October and save its battered economy, industry officials said.FILE PHOTO: Vials labelled “COVID-19 Coronavirus Vaccine” are placed on dry ice in this illustration taken, December 5, 2020. REUTERS/Dado Ruvic/Illustration/File […]

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UPDATE 1-Euro zone downturn deepened in Jan as lockdowns hit services

(Adds comment, detail) LONDON, Feb 3 (Reuters) – The euro zone’s economic downturn deepened in January as renewed restrictions to quell the spread of the coronavirus hit the bloc’s dominant service industry hard, offsetting a robust performance by manufacturers, a survey showed on Wednesday. Coronavirus cases have been soaring again and governments across the continent have renewed tough lockdown measures, […]

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GameStop, AMC tumble as retail trading mania cools

Slideshow ( 2 images )(Reuters) – Shares of videogame retailer GameStop Corp and movie theater operator AMC Entertainment Holdings Inc lost 15% and 13.2%, respectively, in early U.S. pre-market trading on Wednesday as a social media-driven trading frenzy cooled. GameStop shares had more than halved in value to $90 each on Tuesday following a rally that drove them up as […]

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FACTBOX-What could change under BOJ's March policy review?

(Updates factbox that ran Jan 18 reflecting latest hints from BOJ policymakers) TOKYO, Feb 3 (Reuters) – The Bank of Japan is conducting a review of its policy tools to make them more sustainable, as the hit to the economy from the coronavirus is seen prolonging the battle to achieve its elusive 2% inflation target. It will release the findings […]

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Myanmar doctors stop work to protest coup as U.N. considers response

(Reuters) – Staff at 70 hospitals and medical departments in 30 towns across Myanmar stopped work on Wednesday to protest against the coup that ousted elected leader Aung San Suu Kyi, the newly formed Myanmar Civil Disobedience Movement said. A statement from the group said the army had put its own interests above a vulnerable population facing hardships during the […]

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