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ECB’s Centeno says rate cycle likely completed, inflation retreating
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Factbox-Italy feels health sector pinch as Europe struggles post COVID-19
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Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year
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Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock
Central bank test lab develops global bitcoin mapping system
Date: October 4, 2023
Central bank test lab develops global bitcoin mapping system By Marc Jones LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used. The Bank for International Settlements (BIS) project, codenamed Atlas, began at...
Russian car sales jump in September as Chinese brands expand market share
Date: October 4, 2023
Russian car sales jump in September as Chinese brands expand market share (Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their market share. Russia’s auto industry was heavily reliant on investment, equipment...
Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug
Date: October 4, 2023
Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug By Steven Scheer JERUSALEM (Reuters) – Teva Pharmaceutical Industries said on Wednesday it will collaborate with French drugmaker Sanofi to co-develop its treatment for ulcerative colitis and Crohn’s disease that it expects to ultimately be a blockbuster drug. Sanofi, a leader in immunology, will invest $1.5 billion...
Britain’s SSE sees weaker half-year profit on subdued renewables output
Date: October 4, 2023
Britain’s SSE sees weaker half-year profit on subdued renewables output (Reuters) -British power generator and network operator SSE Plc on Wednesday said it expects to report half-year adjusted earnings of at least 30 pence per share, without specifying an upper end to the outlook, hit by subdued performance in its renewables business. For the same...
Britain’s Tesco upgrades outlook as inflation eases
Date: October 4, 2023
Britain’s Tesco upgrades outlook as inflation eases LONDON (Reuters) -Tesco, Britain’s biggest supermarket, upgraded its annual profit guidance on Wednesday as food inflation eased and shoppers snapped up both its low price offers and its premium “Finest” ranges. British food prices fell in September for the first time in more than two years in month-on-month...
Spotify Premium to include free access to audiobooks in UK, Australia
Date: October 4, 2023
Spotify Premium to include free access to audiobooks in UK, Australia (Reuters) – Spotify said on Tuesday that users of its premium services in the UK and Australia would now have 15 hours of free access to audiobooks a month, with the feature expanding to the United States later this year. The music streaming giant...