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Beiersdorf warns of slowing sales growth amid soft demand
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South Korea’s Yoon, Meta’s Zuckerberg discuss AI, digital ecosystems
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Semiconductor parts maker Aixtron sees further sales growth after Q4 beat
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Covestro cancels dividend after lower earnings in challenging 2023
Consumer health giant Haleon sees higher revenue in 2024
Date: February 29, 2024
Consumer health giant Haleon sees higher revenue in 2024 (Reuters) – Sensodyne toothpaste-maker Haleon said on Thursday it expected higher revenue in 2024, thanks to firm demand for its household products ranging from painkillers, nasal sprays and multivitamins. Haleon said its organic revenue would rise between 4%-6% this year, as the consumer healthcare company reported...
France backs global minimum tax on billionaires at G20
Date: February 28, 2024
France backs global minimum tax on billionaires at G20 PARIS (Reuters) – France wants a new push for a global minimum tax on the super-rich, building on the success of a 15% minimum on multinationals taking effect this year, Finance Minister Bruno Le Maire said on Wednesday. “Currently the richest people can avoid paying the...
Oil settles lower as Fed takes stock before cutting rates
Date: February 28, 2024
Oil settles lower as Fed takes stock before cutting rates By Georgina McCartney HOUSTON (Reuters) -Oil prices settled lower on Wednesday after the Federal Reserve held firm on its decision to hold off cutting U.S. interest rates in the near future, while growing U.S. crude stockpiles added further pressure. Brent crude futures settled 3 cents...
Stocks slip, dollar rises ahead of US inflation data
Date: February 28, 2024
Stocks slip, dollar rises ahead of US inflation data By Sinéad Carew NEW YORK (Reuters) -A global equities index fell slightly on Wednesday while Treasury yields edged down and the dollar rose against a basket of currencies on caution the day before U.S. inflation data that could influence Federal Reserve policy. January’s U.S. personal consumption...
Russia diamond producer Alrosa’s annual net profit drops 15.2%
Date: February 28, 2024
Russia diamond producer Alrosa’s annual net profit drops 15.2% MOSCOW (Reuters) -Russia’s sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles ($925 million), down 15.2% from the previous year. Turnover was up 9.2% at 322.6 billion roubles. Group of Seven leaders agreed in December to ban non-industrial diamonds from Russia...
Record year for wind farms raises hope for EU green energy goals
Date: February 28, 2024
Record year for wind farms raises hope for EU green energy goals By Kate Abnett BRUSSELS (Reuters) – A record year for building new wind farms and a rebound in investments in the sector have raised hopes that the EU may achieve its clean energy targets, industry group WindEurope said on Wednesday. In an annual...