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K+S cuts 2023 profit outlook on slow recovery, lower potash prices
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Li-Cycle and Glencore unveil plans for recycling hub in Italy
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Cryptoverse-Tether gets a lift from stability doubts
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Daimler Truck sees higher returns as supply chains, demand improve
PayPal adjusted margin forecast cut eclipses higher profit expectations
Date: May 9, 2023
PayPal adjusted margin forecast cut eclipses higher profit expectations By Manya Saini (Reuters) -PayPal Holdings Inc on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit forecast raise, sending shares in the payments firm down 5% in extending trading. PayPal expects adjusted operating margin expansion of 100 basis points this year, compared...
Amazon offers shoppers $10 to pick up purchases as it targets delivery costs
Date: May 9, 2023
Amazon offers shoppers $10 to pick up purchases as it targets delivery costs By Lisa Baertlein LOS ANGELES (Reuters) – Amazon.com is offering customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce giant joins other retailers in racing to slash costs for home delivery and...
Uber rival Bolt seeks to turn profitable next year, IPO in 2025
Date: May 9, 2023
Uber rival Bolt seeks to turn profitable next year, IPO in 2025 By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview. The...
WHO declares end to COVID global health emergency
Date: May 8, 2023
By Jennifer Rigby and Bhanvi Satija LONDON (Reuters) -The World Health Organization ended the global emergency status for COVID-19 on Friday more than three years after its original declaration, and said countries should now manage the virus that killed more than 6.9 million people along with other infectious diseases. The global health agency’s Emergency Committee...
U.S. dollar struggles, pound hits one-year high
Date: May 8, 2023
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major peers on Monday, as traders wait for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of potential recession. The dollar index, which measures the currency against...
VW’s Skoda Auto reports 61% rise in Q1 operating profit
Date: May 8, 2023
VW’s Skoda Auto reports 61% rise in Q1 operating profit PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen group, lifted operating profit by 60.8% year-on-year to 542 million euros ($598 million) in the first quarter, while revenue rose by a third to 6.8 billion euros, the company said on Monday. Global deliveries...