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EU seeking to resolve trade irritants with US at summit
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Dollar dips as 10-year yields back away from highs
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London stock exchange sees first trading halt in 4 years; blue chips spared
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Roche’s Q3 sales down 3% on currency headwinds, drop in COVID sales
Major cyber attack could cost the world $3.5 trillion -Lloyd’s of London
Date: October 19, 2023
Major cyber attack could cost the world $3.5 trillion -Lloyd’s of London LONDON (Reuters) – A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd’s of London said on Wednesday. The United States would suffer...
Telecom group Telia hikes outlook, core profit beats estimates
Date: October 19, 2023
Telecom group Telia hikes outlook, core profit beats estimates By Marta Frackowiak and Supantha Mukherjee STOCKHOLM (Reuters) – Swedish telecom operator Telia said its struggling TV unit was now facing fewer challenges, after reporting third-quarter core earnings that beat estimates and hiking its full-year core profit outlook, sending its shares up as much as 8%....
Nestle begins work on ‘companion products’ for weight loss drugs
Date: October 19, 2023
Nestle begins work on ‘companion products’ for weight loss drugs By Richa Naidu LONDON (Reuters) – Nestle on Thursday said it has started work on products to “companion” weight loss drugs like Novo Nordisk’s game-changing Wegovy, hoping to cash in on their growing popularity. The Swiss food giant’s CEO Mark Schneider said Nestle had not...
Deliveroo keeps annual guidance as quarterly revenue rises
Date: October 19, 2023
Deliveroo keeps annual guidance as quarterly revenue rises LONDON (Reuters) – Meal delivery group Deliveroo maintained its full-year financial guidance on Thursday, as it reported a 5% rise in third-quarter gross transaction value, helped by an improving trend in customer orders. The group, which has 183,000 restaurants and 20,000 grocery sites on its platform, said...
Nokia to cut up to 14,000 jobs after sales drop a fifth
Date: October 19, 2023
Nokia to cut up to 14,000 jobs after sales drop a fifth By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom gear group Nokia said on Thursday it would cut up to 14,000 jobs in a new cost reduction effort after third-quarter sales fell by a fifth, taken down by sales of next-generation 5G equipment. Nokia and...
Explainer-Scotland’s “kilt” bonds – how might the debt plan work?
Date: October 18, 2023
Explainer-Scotland’s “kilt” bonds – how might the debt plan work? LONDON (Reuters) – Scotland’s pro-independence government plans to sell bonds in international debt markets for the first time, saying the move would show investors that the country has the credibility among investors to eventually break away from the United Kingdom. The head of the devolved...