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L’Occitane’s Billionaire Owner Decides Against Deal to Take Company Private
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Hundreds More UK School Buildings Could Be Crumbling, Says Minister
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Factbox-What Is the G20 and What Are the Key Issues for the 2023 Summit?
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Taiwan to Restore Power After Typhoon Haikui Batters Island
Sustainability Takes Back Seat in Auto Industry Sourcing Decisions – Survey
Date: September 4, 2023
Sustainability takes back seat in auto industry sourcing decisions – survey By Victoria Waldersee BERLIN (Reuters) – Automakers and suppliers are deprioritising sustainability initiatives in their sourcing policies and focusing on lowering exposure to geopolitical risk after years of supply chain turmoil, a survey of over 1,000 executives showed on Monday. The number of companies...
Novo Nordisk Launches Weight-Loss Drug Wegovy in Britain
Date: September 4, 2023
Novo Nordisk launches weight-loss drug Wegovy in Britain By Maggie Fick LONDON (Reuters) -Novo Nordisk launched its weight-loss injection Wegovy in Britain on Monday, its second debut in Europe in just over a month as the drugmaker seeks to expand in the region even as it struggles to keep up with soaring demand. The Danish...
Bosch Expects Sales in Core Mobility Division to Grow 10% in 2023
Date: September 4, 2023
Bosch expects sales in core mobility division to grow 10% in 2023 FRANKFURT (Reuters) – Bosch, the world’s top automotive supplier, expects sales at its mobility business division to grow by 10% this year, the group said at the IAA Munich car show, adding the group’s prospects remained positive despite a challenging environment. “Bosch knows...
Nestle Divests Peanut Allergy Business Palforzia
Date: September 4, 2023
Nestle divests peanut allergy business Palforzia ZURICH (Reuters) – Nestle has divested its peanut allergy treatment business Palforzia, the Swiss food company said on Monday, following its strategic review of the division. Nestle said it has offloaded Palforzia to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies. Nestle will...
Oil Inches Higher on Opec+ Supply Cut Expectations
Date: September 4, 2023
Oil inches higher on OPEC+ supply cut expectations By Mohi Narayan NEW DELHI (Reuters) – Oil prices edged higher on Monday, supported by expectations that major producers will keep supplies tight, and growing hopes that the Federal Reserve will leave interest unchanged to avoid dampening the U.S. economy. Brent crude November futures was up 3...
Mercedes Boss: Ev Costs Will Remain Higher for Foreseeable Future
Date: September 4, 2023
Mercedes boss: EV costs will remain higher for foreseeable future MUNICH (Reuters) – The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz said on Sunday, adding this would continue to fuel intense competition. Ola Kaellenius’s comments come as Mercedes-Benz disclosed...