By Dietrich Knauth (Reuters) – Movie theater chain Cineworld Group on Monday announced a bankruptcy settlement with its landlords and lenders, clearing the way for the company to borrow an …
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(Reuters) – Wall Street analysts will be focusing on sales of Eli Lilly and Co’s newly approved diabetes drug Mounjaro when the company reports results on Tuesday, as sales of …
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JPMorgan expects banks to repay 500-700 billion euros of ECB TLTRO loans in Nov
by Reutersby ReutersLONDON (Reuters) – Analysts at investment bank JPMorgan have estimated that banks will repay between 500 and 700 billion euros ($494-$692 billion)of the European Central Bank’s ultra cheap funding next …
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World wine output dips slightly after year of torrid weather
by Reutersby ReutersPARIS (Reuters) – World wine production in 2022 is expected to dip slightly below last year’s level, with a better than anticipated volume in drought-hit Europe mostly offsetting a forecast …
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In Africa’s monkeypox outbreak, sickness and death go undetected
by Reutersby ReutersBy Djaffar al Katanty and Edward McAllister YALOLIA, Democratic Republic of Congo (Reuters) – At a village clinic in central Congo, separated from the world by a tangle of waterways …
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UAW seeks election to represent GM battery joint venture workers
by Reutersby ReutersBy David Shepardson (Reuters) -The United Auto Workers on Monday said it was seeking an election to represent workers at a General Motors/LG Energy battery cell manufacturing joint venture in …
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Canada imposes fresh Iran sanctions over human rights violations
by Reutersby Reuters(Reuters) – Canada on Monday imposed fresh sanctions on Iran, marking the fourth package of sanctions it has implemented for alleged human rights violations in that country, the foreign ministry …
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Mexican president urges Twitter to repair ‘damage’ done to Trump
by Reutersby ReutersMEXICO CITY (Reuters) – Twitter should undo the “damage” done to former U.S. President Donald Trump by the cancellation of his account, Mexico’s president said on Monday, as he expressed …
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Gap says Russia deliveries stopped in March. But its clothing kept coming
by Reutersby ReutersBy Siddharth Cavale, Steve Stecklow and David Gauthier-Villars NEW YORK/LONDON/ISTANBUL (Reuters) -In March, clothing retailer Gap Inc joined numerous Western companies in announcing that it was halting deliveries to Russia …
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Italy gets GDP boost as govt pledges action against inflation
by Reutersby ReutersBy Gavin Jones and Giuseppe Fonte ROME (Reuters) -Italy’s economy performed unexpectedly well in the third quarter, data showed on Monday, offering a welcome boost for the country’s new government …
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Saudi Arabia approves dual listing of Pizza Hut, KFC franchisee
by Reutersby ReutersDUBAI (Reuters) – Saudi Arabia’s market regulator said on Monday it had approved a concurrent and dual listing of Americana Group, the Middle East and North Africa franchisee of fast-food …
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Twitter to lay off 25% of workforce in first round of job cuts – Washington Post
by Reutersby Reuters(Reuters) – Twitter, which was acquired last week by billionaire Elon Musk, plans to let go of a quarter of its workforce as part of what is expected to be …
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Ghana president says IMF talks will not lead to a debt haircut
by Reutersby ReutersBy Christian Akorlie and Cooper Inveen ACCRA (Reuters) -Ghanaian President Nana Akufo-Addo on Sunday said talks with the International Monetary Fund were going well and sought to reassure investors that …
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Hong Kong bets on summit to herald its comeback as financial hub
by Reutersby ReutersBy Scott Murdoch, Kane Wu and Selena Li HONG KONG (Reuters) – Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy …
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By Jan Strupczewski and Balazs Koranyi BRUSSELS (Reuters) -Euro zone inflation surged more than expected in October, data showed on Monday, fuelling expectations that the European Central Bank will press …
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By Valentina Za and Federico Maccioni MILAN (Reuters) -UniCredit said it expected a 400 million euro ($396 million) contribution from European Central Bank’s longer-term funds this year under their new …
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COP27 climate summit to test resolve of world battling war, inflation
by Reutersby ReutersBy Valerie Volcovici (Reuters) – An international climate summit starting next week in Egypt will test the resolve of nations to combat global warming, even as many of the biggest …
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For top U.S. oil producers, Permian shale output is losing steam
by Reutersby ReutersBy Liz Hampton (Reuters) -Some of the largest U.S. oil producers on Friday signaled productivity and volume gains in the top U.S. shale oil field are slowing, citing disappointing well …
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U.S. plans to deploy B-52s to north Australia amid China tensions – source
by Reutersby ReutersBy Renju Jose and Lewis Jackson SYDNEY (Reuters) -The United States is planning to deploy up to six nuclear-capable B-52 bombers to an air base in northern Australia, a source …
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(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up prices of energy, commodities and basic necessities. Below is a …
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Fresenius cuts profit guidance again on slower recovery, rising costs
by Reutersby ReutersBy Ludwig Burger and Riham Alkousaa (Reuters) – German healthcare group Fresenius has cut its 2022 guidance for the second time on persistent cost inflation and staff shortages with its …
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Italy’s Campari builds up bourbon business with $600 million Kentucky deal
by Reutersby ReutersMILAN (Reuters) -Italian spirits group Campari said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon …
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Harvard and UNC race cases present test for U.S. Supreme Court
by Reutersby ReutersBy Nate Raymond (Reuters) – The U.S. Supreme Court is set to consider whether colleges may continue to use race as a factor in student admissions in two cases that …
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Sanctions and Russian exodus drive demand for jet fuel in Central Asia
by Reutersby ReutersMOSCOW (Reuters) – Central Asian demand for jet fuel is soaring as the region has become a key air traffic hub, taking over from sanctions-hit Moscow and as it handles …
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Police arrest nine over Indian bridge collapse, toll reaches 134
by Reutersby ReutersBy Sumit Khanna MORBI, India (Reuters) – Indian police arrested nine people on Monday, including ticketing clerks and contractors, as they investigate the collapse of a foot bridge in which …