Chile’s economic activity index up 0.3% in October, offset by mining decline
(Reuters) – Chile’s IMACEC economic activity index rose 0.3% in October from the previous year, the central bank said on Friday, slightly below forecasts. Economists polled by Reuters expected a 0.4% increase.…
Analysis-Tesla taps Biden tax credits to offset EV price cuts
By Hyunjoo Jin SEOUL (Reuters) – Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a…
Global initiative launched to rate corporate carbon offset claims
By Susanna Twidale LONDON (Reuters) – A standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits was launched on Wednesday by a global…
Oil falls more than 1% as growth fears offset China demand hopes
By Stephanie Kelly NEW YORK (Reuters) -Brent crude oil slipped more than 1% in a volatile session on Tuesday as persistent concerns about global economic growth outweighed supply curbs and prompted investors…
Strong sugar prices help Tereos offset high production costs
PARIS (Reuters) -French sugar group Tereos reported strong first-half results on Tuesday, including a net profit and a sharp rise in earnings, as high sugar and ethanol prices helped offset an increase…
Mapfre offers one-time 400-euro bonus to employees to offset inflation
MADRID (Reuters) – Spanish insurer Mapfre will pay a one-time 400 euro ($417.32) bonus at Christmas to its approximately 10,000 employees in Spain to help them cope with soaring inflation. The company…
MercadoLibre says it is managing to offset costs through pricing
By Aluisio Alves (Reuters) – MercadoLibre Inc said it was so far managing to recoup higher costs by boosting its prices as the South American e-commerce giant reversed a year-ago loss, helped…
Spain’s jobs market improves as reforms help offset strike, inflation
By Belén Carreño (Reuters) – Spain’s labour market withstood soaring inflation and a crippling truckers’ strike in March to see a drop in unemployment, data showed on Monday, helped in part by…
Factbox – Airline hedging and surcharges offset some oil price pain
– The price of oil this week surged to its highest point since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to…
Give us your clothes: Toms River launches used clothing recycling program to offset rising taxes
TOMS RIVER, NJ – Toms River Township has a new revenue stream to offset rising taxes in the community. After senior citizens in Holiday City were hit with tax increases as high…
Private equity-backed carbon offset vendors Bluesource, Element to merge
By David French and Timothy Gardner – Bluesource and Element Markets, two private equity-backed providers of products and services such as carbon credits to companies seeking to take action on climate change,…
Linde sees double-digit 2022 earnings growth, pricing to offset energy price inflation
By Bartosz Dabrowski -Linde, the world’s largest industrial gas company, is targeting 10%-13% growth in adjusted earnings per share (EPS) in 2022, after reporting better-than-expected fourth-quarter earnings on Thursday. The U.S.-German company…
Analysts eye UPS automation efforts to offset increased wage costs
By Arriana McLymore NEW YORK, NY – Higher labor costs during the pandemic-plagued holiday season may erode the profits of United Parcel Service, the world’s biggest package delivery firm, which is set…
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