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Twitter temporarily closes offices as layoffs begin
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Euro zone downturn deepens, points to winter recession
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Kellogg raises annual forecasts on higher prices as margin pressure looms
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Exclusive-Airbnb faces light-touch regulation under EU plan -sources
Inter IKEA posts 45% profit fall on costs, Russia
Date: November 3, 2022
STOCKHOLM (Reuters) – IKEA franchiser Inter IKEA posted a 45% fall in pre-tax profit for the year through August to 931 million euros ($908 million) as it passed on some, but not all, costs to store owners. The fall reflected higher raw material and transport costs as well as the closure of its factories in...
Eliminating 243 hours of admin
Date: November 3, 2022
By Neil Davidson, Regional Vice President, EMEA and APAC at Deltek Adaptability is now a fundamental in business. Recent global issues, such as economic uncertainty, a growing international focus on sustainability, and shifts in how we work have challenged businesses of all shapes and sizes to assess their resilience. For the businesses who choose to...
How to be a good coach in the hybrid world
Date: November 3, 2022
By Jeremy Campbell, executive coach and CEO of Black Isle Group, a leadership and performance improvement business. There is a huge growth in demand for coaching across the banking and finance world. It is driven by the perfect storm that so many of us find ourselves in. The business climate is mean and menacing right...
Payment orchestration: Businesses global tool to increasing revenue
Date: November 2, 2022
By Nikhita Hyett, EU MD of BlueSnap Globalisation has brought businesses and consumers closer together; however, to truly capitalize on this market opportunity, businesses need to think globally and act locally. We increasingly see the benefits of payment localization, with businesses achieving a 12% increase in revenue by simply offering local currencies. Global payment capabilities...
Portugal’s airline TAP turns to rare profit as revenues soar
Date: November 2, 2022
LISBON (Reuters) – Portuguese airline TAP posted a rare net profit in the third quarter on Wednesday on strong revenue and helped by currency hedging, but said visibility for next year remained low. The state-owned company, which is undergoing restructuring, reported a profit of 111 million euros ($110 million) versus a loss of 134.5 million...
New GSK shines brighter with another forecast upgrade
Date: November 2, 2022
By Natalie Grover (Reuters) -GSK beat third-quarter earnings forecasts on Wednesday and raised its 2022 estimate for the second time in four months, continuing its strong start as a standalone prescription medicine business since spinning off its consumer health unit. After years of underperformance relative to its peers and missing out on the lucrative market...