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Exclusive-Trump weighs how deeply to dig into his war chest for November elections
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Graphic chip price drop raises questions on whether end of shortage is in sight
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Oil slides as Shanghai lockdowns stoke demand fears
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Truckmaker MAN resumes production after Ukraine crisis supply gap
Asda, Morrisons cut prices of key items amid British spending squeeze
Date: April 25, 2022
By James Davey LONDON (Reuters) – Asda and Morrisons said on Monday that they would cut the prices of essential items, ratcheting-up competition in Britain’s food retail sector against a backdrop of soaring inflation and slumping consumer confidence. Surging prices are causing the biggest squeeze on household incomes since at least the 1950s in Britain,...
Beijing shoppers clear store shelves as district starts mass testing
Date: April 25, 2022
BEIJING (Reuters) -Beijing residents snapped up food and other supplies as the city’s biggest district began mass COVID-19 testing of all residents on Monday, prompting fears of a Shanghai-style lockdown after dozens of cases in the capital in recent days. Authorities in Chaoyang, home to 3.45 million people, late on Sunday ordered residents and those...
Surprise rise in German business morale in April despite Ukraine war
Date: April 25, 2022
BERLIN (Reuters) – German business morale unexpectedly rose slightly in April as companies were less pessimistic after the economy appeared resilient following the initial shock of the war in Ukraine, a survey showed on Monday. The Ifo institute said its business climate index rose slightly to 91.8 in April from 90.8 in March. A Reuters...
Philips shares slide as supply chain woes, ventilator issues persist
Date: April 25, 2022
AMSTERDAM (Reuters) -Philips shares dropped almost 11% on Monday as the Dutch health technology company expanded a recall of ventilators and flagged multiple risks to its growth outlook for the rest of the year. The supplier of products ranging from large medical systems to toothbrushes and shavers said it still expected sales and profitability to...
Soyoil surges to record high as Indonesia bans palm oil exports
Date: April 22, 2022
By Nigel Hunt LONDON (Reuters) -Soybean oil prices soared to a record high on Friday as Indonesia’s decision to effectively ban exports of palm oil heightened concerns about already depleted global supplies of alternative vegetable oils. The loss of shipments from Ukraine, the world’s top supplier of sunflower oil, and drought in the world’s top...
McDonald’s beats back challenge to settlement with U.S. labor agency
Date: April 22, 2022
By Daniel Wiessner (Reuters) – McDonald’s Corp on Friday defeated a union-backed organizing group’s challenge to a settlement with a U.S. labor agency over claims that the company helped franchisees across the country suppress workers’ demonstrations calling for higher wages. The U.S. Court of Appeals for the D.C. Circuit rejected claims by the group, Fight...