Page 7 - Update 1 News Today

By Reuters Staff (Corrects Transport Minister’s last name in last paragraph to Alghabra) Jan 13 (Reuters) - Air Canada said on Wednesday it will cut first-quarter capacity by an additional 25%, resulting in a workforce reduction of about 1,700 employees, as travel restrictions, lockdowns and new testing requirements to combat the spread of COVID-19 hit bookings. Carriers have been wrestling with a slump in demand and passenger confusion, following the Jan. 7 introduction of new Canadian rules...

* Temperatures in China fall to lowest in decades * Demand for fuel surges due to cold weather * Officials warn about severe frost this week BEIJING/SINGAPORE, Jan 12 (Reuters) - Chinese ports and marine safety authorities are on high alert as an expansion of sea ice makes it tougher for ships to berth and discharge at key energy product import terminals along the coast of northern Bohai Bay. A cold wave sweeping the northern hemisphere has plunged temperatures across China to their lowest in d...

By Reuters Staff (Corrects Transport Minister’s last name in last paragraph to Alghabra) Jan 13 (Reuters) - Air Canada said on Wednesday it will cut first-quarter capacity by an additional 25%, resulting in a workforce reduction of about 1,700 employees, as travel restrictions, lockdowns and new testing requirements to combat the spread of COVID-19 hit bookings. Carriers have been wrestling with a slump in demand and passenger confusion, following the Jan. 7 introduction of new Canadian rules...

* Regeneron up as U.S. govt orders more COVID-19 therapy doses

Nearly 9 million Americans had been given their first COVID-19 vaccination dose as of Monday morning, the U.S. Centers for Disease Control and Prevention said, as states scrambled to step up inoculations that have yet to slow the roaring pandemic.

* Novartis’s China foray follows Pfizer deal in September * Swiss drugmaker playing catch-up on cancer immunotherapy * Novartis CEO was previously tepid on Chinese assets Jan 12 (Reuters) - Swiss drugmaker Novartis paid $650 million to snag an immuno-oncology drug from BeiGene Ltd , the latest Western drugmaker turning to China for must-have assets to fill holes in their cancer portfolios. Novartis Chief Executive Vas Narasimhan’s move, which could bring $1.55 billion in milestone payments ...

(Repeats to amend headline tag, no change to text) HONG KONG, Jan 11 (Reuters) - International businesses in Hong Kong see law and order as key for investing, a city government official said on Monday, in response to concern about the impact of a sweeping national security law on the business environment. Secretary for Commerce and Economic Development Edward Yau said in an interview at a Reuters Next conference that the fact that more money was coming into Hong Kong than leaving was a sign of ...

With uncertainties regarding U.S. elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices this year.

(Repeats with no changes to text) BEIJING, Jan 7 (Reuters) - China’s Baidu Inc plans to form a company to make smart electric vehicles (EV), two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely. Baidu, the leading search engine company in China, will take a majority stake and absolute voting power in the new company. The venture will revamp some of Geely’s existing car manufacturing facilities to make the vehicles, with in-car so...

* First batch of investment to be up to $200 mln - Envysion CEO