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Dollar softens slightly, yen in touching distance of 150
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Porsche: deliveries up in every region but China in first 9 months of 2023
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Map maker TomTom’s Q3 loss narrows boosted by car branch growth
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Singapore Q3 GDP up 0.7% y/y
EU opens probe into X in test of new tech rules, pressure on TikTok, Meta
Date: October 13, 2023
EU opens probe into X in test of new tech rules, pressure on TikTok, Meta By Foo Yun Chee and Sheila Dang BRUSSELS/DALLAS (Reuters) -EU industry chief Thierry Breton on Thursday opened an investigation into Elon Musk’s X, the first under new EU tech rules, after earlier reprimanding the social media platform, TikTok and Meta...
Britain’s Sainsbury’s to recruit 22,000 workers for Christmas season
Date: October 12, 2023
Britain’s Sainsbury’s to recruit 22,000 workers for Christmas season LONDON (Reuters) -British supermarket group Sainsbury’s will recruit 22,000 temporary workers for Christmas, a 22% increase on last year as it boosts its labour force earlier in the season than usual. The group, which is Britain’s second largest grocer after Tesco, said its supermarket chain will...
Verbund CEO says volatility is the ‘new normal’ on power and gas markets
Date: October 12, 2023
Verbund CEO says volatility is the ‘new normal’ on power and gas markets By Alexandra Schwarz-Goerlich VIENNA (Reuters) – European countries must expect volatile power and gas markets in the long run even after the current conflicts in Ukraine and the Middle East have faded, the head of Austrian hydropower heavyweight Verbund told Reuters in...
Oil tracks global equities higher, IEA demand downgrade weighs
Date: October 12, 2023
Oil tracks global equities higher, IEA demand downgrade weighs By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose about 1% on Thursday, reversing earlier falls, on expectations that U.S. interest rates had peaked, but a lower demand growth forecast for next year from the International Energy Agency and higher U.S. inventories limited further gains. Brent futures...
Apollo to take Wagamama owner Restaurant Group private for $623 million
Date: October 12, 2023
Apollo to take Wagamama owner Restaurant Group private for $623 million By Eva Mathews (Reuters) – Wagamama owner The Restaurant Group has agreed to be taken private by private equity firm Apollo Global for 506 million pounds ($623.44 million) after a year of financial struggles and investor pressure. Under the terms of the deal announced...
Illumina to divest cancer test maker Grail if it loses US or EU court appeal
Date: October 12, 2023
Illumina to divest cancer test maker Grail if it loses US or EU court appeal (Reuters) -Illumina Inc said on Wednesday it will divest cancer test maker Grail as expeditiously as possible if the life sciences company loses either of the final appeals in U.S. or European courts. The company also said that if it...