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Harry Potter publisher Bloomsbury’s annual profit rises as readers lap up novels
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Exclusive-Credit Suisse axes China bank plan to avoid regulatory conflict under UBS-sources
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Private astronaut crew, including first Arab woman in orbit, returns from space station
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Top AI CEOs, experts raise ‘risk of extinction’ from AI
Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares
Date: May 31, 2023
Mexico’s FEMSA launches second 3 billion euro sale of Heineken shares MEXICO CITY (Reuters) – Mexican bottler FEMSA on Tuesday offered 3.3 billion euros ($3.63 billion) worth of its shares in Heineken, the second large offering in its divestment of holdings in the Dutch brewer. The shares are equivalent to a stake of about 5.9%...
ECB’s Simkus sees June and July rate hikes; Sept too early to say
Date: May 30, 2023
VILNIUS (Reuters) – The European Central Bank could raise interest rates in June and July, Lithuanian policymaker Gediminas Simkus said on Tuesday, joining a large group of policymakers suggesting that a flagged June increase will not be the last one. “I think that in June and July we will have 25 basis point increases in...
France inaugurates first of four gigafactories in the north
Date: May 30, 2023
France inaugurates first of four gigafactories in the north BILLY-BERCLAU, France (Reuters) – France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. The development by Automotive Cells Company, a joint-venture between Stellantis, Mercedes and TotalEnergies, involves total...
Nestle hires LSEG’s Anna Manz as CFO
Date: May 30, 2023
LONDON/BERLIN (Reuters) – Nestle, the world’s biggest packaged food company, said on Tuesday it had hired the London Stock Exchange Group’s (LSEG) finance chief Anna Manz as its new chief financial officer. Manz will replace Francois-Xavier Roger, who the company said is stepping down to “pursue new professional challenges” after eight years in the role....
Unilever CFO Pitkethly to leave company by May 2024
Date: May 30, 2023
Unilever CFO Pitkethly to leave company by May 2024 By Richa Naidu and Eva Mathews (Reuters) – Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades. Pitkethly, who has been with the maker of Dove soap since...
UK’s Asda to buy EG petrol stations unit in $2.9-billion deal
Date: May 30, 2023
UK’s Asda to buy EG petrol stations unit in $2.9-billion deal LONDON (Reuters) -British supermarket Asda said it would buy the bulk of petrol station operator EG Group’s UK and Ireland business to speed up its move into the convenience sector, creating a company with combined revenue of nearly 30 billion pounds ($38 billion). Asda,...