Essity mulls selling Vinda stake and Consumer Tissue Private Label Europe business
STOCKHOLM (Reuters) – Hygiene products group Essity said on Wednesday it has initiated a strategic review of its stake in China..
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Markets mixed as tech boosts US stock futures, Europe dips
By Naomi Rovnick LONDON (Reuters) – Global stock markets were mixed on Wednesday as recession fears and banking sector strain w..
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Elevator maker Kone hikes outlook as Q1 profit, orders beat forecasts
(Reuters) -Finnish elevator maker Kone raised its 2023 sales outlook on Wednesday after its first-quarter profit beat market expectati..
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Companies’ cost inflation is slowing but shoppers may wait for lower prices
LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making everything from instant noodles to soap and ice cream, ..
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Tech CEOs wax poetic on AI, big adds to sales will take time
(Reuters) -Microsoft Corp and Google-parent Alphabet Inc talked up investments in artificial intelligence (AI) for the second quarter ..
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Sacyr shortlists four bidders for its service, waste management unit – Expansion
MADRID (Reuters) – Spanish conglomerate Sacyr has shortlisted four firms as potential buyers of its service and waste management..
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Startup e-commerce platform Temu expands to Europe
SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings has started selling to European markets incl..
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Beiersdorf benefits from bump in Nivea sales
(Reuters) -Beiersdorf’s Nivea brand recorded 18% sales growth in the first quarter of 2023 thanks to price hikes, the German fi..
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Puma expects Q2 sales growth below full-year target
(Reuters) – German sportswear maker Puma on Wednesday said it expected second-quarter sales to grow at a low- to mid-single-dig..
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Mercedes-Benz launches E-Class, its last new combustion engine model
BERLIN (Reuters) – Mercedes-Benz on Tuesday launched its last new combustion engine model – the next generation of the E-C..
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Spotify’s monthly active users top 500 million, beat estimate
By Supantha Mukherjee STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the f..
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Kremlin remains downbeat on state of Black Sea grain deal
(Reuters) – The Kremlin reaffirmed its position on Tuesday that the Black Sea grain deal is not working for Moscow, a day after..
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BoE’s Broadbent says QE not to blame for surge in inflation
LONDON (Reuters) -Bank of England (BoE) Deputy Governor Ben Broadbent said central banks should not ignore measures of money supply bu..
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Anglo American’s first-quarter copper output rises 28%
LONDON (Reuters) -Anglo American’s overall first-quarter production rose 9% from a year earlier, helped by a 28% jump in copper..
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KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback
By Richa Naidu LONDON (Reuters) – In a quarter that saw Nestle’s overall sales volumes dip, the KitKat maker’s cand..
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More banks join European instant payments pilot from end 2023
STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by th..
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Recruiter Randstad beats Q1 earnings estimates despite hiring slowdown
(Reuters) -Dutch recruitment firm Randstad reported better-than-expected first-quarter core earnings on Tuesday, despite a slowdown in..
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ABB dispels industrial gloom to raise full-year outlook
By John Revill ZURICH (Reuters) -ABB Ltd raised its full-year outlook for sales and profit outlook on Tuesday after the Swiss enginee..
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The booming Netherlands
By Ross Henderson, Director, Netherlands at Harnham. With unemployment rates reducing and economic growth on the rise, t..
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Oil prices steady on uncertain global outlook and supply concerns
LONDON (Reuters) – Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook fo..
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Britain sets up $125 million taskforce to drive AI
LONDON (Reuters) – Britain on Monday announced 100 million pounds ($124.5 million) in initial funding for a taskforce to help de..
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Climate change fight a ‘core duty’ for central banks – ECB’s Villeroy
By Marc Jones LONDON (Reuters) – France’s central bank governor François Villeroy de Galhau has pushed back against criti..
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German economy likely grew in Q1, beating expectations – Bundesbank
FRANKFURT (Reuters) – The German economy is likely to have expanded in the last quarter on a rebound in industrial production, ..
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Bitcoin could hit $100,000 by end-2024, Standard Chartered says
LONDON (Reuters) – Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying..
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Factbox-Europe’s ongoing strike-related travel disruptions
(Reuters) – Strikes in Europe could disrupt travel into the summer, as passengers numbers globally recover to pre-pandemic level..
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PIRC recommends vote for BP climate activist resolution
LONDON (Reuters) – Investor advisory firm PIRC on Monday recommended that BP shareholders vote against the company’s chair..
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Credit squeeze ‘biggest threat’ to economic outlook, Fidelity International says
PARIS (Reuters) – The biggest threat to the economic outlook is a credit squeeze that has not finished filtering through the fin..
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Dollar heads for first weekly gain since February
By Amanda Cooper LONDON (Reuters) – The dollar headed for its first weekly gain in nearly two months on Friday as investors rai..
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Norway sovereign fund backs Teck Resources in battle with Glencore
OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s largest investors, said on Friday it will support a pla..
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MG Motor launches plug-in hybrid option in Mexico as EV race heats up
By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said on Thursday, as ..
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Marketmind: Purchasing managers of the world, diverge
A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any furthe..
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German govt to slightly raise 2023 GDP forecast – sources
By Holger Hansen BERLIN (Reuters) -The German government is set to slightly raise its economic growth forecast for this year to 0.4% ..
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Siemens Energy signs 7-billion-eur offshore power deal with TenneT
BERLIN (Reuters) – Siemens Energy has won contracts worth almost 7 billion euros ($7.68 billion) as part of a consortium with S..
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IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair
By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the Unite..
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PGE signs wind turbine supply deal for Baltica 2
GDANSK (Reuters) – Poland’s biggest utility PGE said on Thursday a unit of the company had signed a deal with Siemens Gam..
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Investors warn big consumer firms over price hikes as competitors gain
By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumer goods companies like P&G, Unilever and Nestle shou..
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GSK-spinoff Haleon forecasts 2023 organic revenue growth at top-end of view
(Reuters) – Consumer healthcare group Haleon expects 2023 organic revenue growth towards the upper end of its 4%-6% forecast, i..
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