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World leaders gather in London for King Charles’ coronation
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WHO declares end to COVID global health emergency
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Analysis-Smoldering Iran nuclear crisis risks catching fire
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World food prices rise for first time in a year- FAO
Adidas shares leap on results but CEO warns of bumpy year
Date: May 5, 2023
Adidas shares leap on results but CEO warns of bumpy year By Helen Reid LONDON (Reuters) -Adidas reported better-than-expected quarterly results and said the Chinese market was improving, sending its shares up 8%, although its chief executive warned the group still faces a “bumpy year with disappointing numbers”. The German sportswear giant is forecasting a...
Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner
Date: May 5, 2023
Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner ATHENS (Reuters) – Alpha Bank ACBr.AT, one of Greece’s four largest lenders, said on Friday it signed a binding agreement to sell a 650 million euro ($717.34 million) portfolio of corporate bad loans to Fortress and Davidson Kempner. The transaction, named project Hermes,...
UK PM Sunak: Election results show people want us to deliver for them
Date: May 5, 2023
UK PM Sunak: Election results show people want us to deliver for them LONDON (Reuters) – British Prime Minister Rishi Sunak said local elections results so far showed that people wanted his ruling party to deliver on their priorities, but that it was still too early in the process of announcing results to draw...
Portugal’s Galp quarterly profit up 62%, below market forecast
Date: May 5, 2023
Portugal’s Galp quarterly profit up 62%, below market forecast LISBON (Reuters) -Portugal’s Galp Energia reported on Friday a smaller-than-expected 62% rise in adjusted first-quarter profit as refining margins nearly tripled from a year ago, but crude production and oil prices dropped. It netted 250 million euros ($276 million), below the 294 million euros expected on...
Republican leaders of Australia and NZ to pledge allegiance to king
Date: May 5, 2023
Republican leaders of Australia and NZ to pledge allegiance to king By Alasdair Pal and Lucy Craymer SYDNEY/WELLINGTON (Reuters) – The leaders of Australia and New Zealand will pledge their allegiance to King Charles at his coronation in London on Saturday even though both are life-long republicans who do not shy away from making their...
Macquarie posts record profits on higher income from commodities arm
Date: May 5, 2023
Macquarie posts record profits on higher income from commodities arm By Praveen Menon and Roushni Nair (Reuters) -Australia’s Macquarie Group on Friday forecast higher short-term income from its lucrative commodities trading business as price volatility and increased hedging boosted the company’s annual profit to a record high. The Ukraine war and unpredictable weather in North...