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Cricket-Broad urges England to emulate 2005 Ashes success
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French airport group ADP Q1 revenue beats forecasts as global air traffic recovers
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Bosch buys US semiconductor foundry to expand EV chip output
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Essity mulls selling Vinda stake and Consumer Tissue Private Label Europe business
Markets mixed as tech boosts US stock futures, Europe dips
Date: April 26, 2023
Markets mixed as tech boosts US stock futures, Europe dips By Naomi Rovnick LONDON (Reuters) – Global stock markets were mixed on Wednesday as recession fears and banking sector strain weighed on European stocks and the dollar while Wall Street stock futures firmed on bullish updates from Microsoft and Google parent Alphabet. Europe’s STOXX 600...
Elevator maker Kone hikes outlook as Q1 profit, orders beat forecasts
Date: April 26, 2023
Elevator maker Kone hikes outlook as Q1 profit, orders beat forecasts (Reuters) -Finnish elevator maker Kone raised its 2023 sales outlook on Wednesday after its first-quarter profit beat market expectations supported by strong demand in its modernization business. Kone shares traded around 4% higher at 1041 GMT. The Helsinki-listed company sees full-year sales “somewhat above”...
Companies’ cost inflation is slowing but shoppers may wait for lower prices
Date: April 26, 2023
Companies’ cost inflation is slowing but shoppers may wait for lower prices By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -The world’s top consumer goods companies, making everything from instant noodles to soap and ice cream, are paying less for their raw materials and energy, but it may take time before shoppers see significantly lower...
Tech CEOs wax poetic on AI, big adds to sales will take time
Date: April 26, 2023
Tech CEOs wax poetic on AI, big adds to sales will take time By Noel Randewich and Akash Sriram (Reuters) -Microsoft Corp and Google-parent Alphabet Inc talked up investments in artificial intelligence (AI) for the second quarter in a row but their results on Tuesday suggested that any substantial additions to sales will be slow....
Sacyr shortlists four bidders for its service, waste management unit – Expansion
Date: April 26, 2023
Sacyr shortlists four bidders for its service, waste management unit – Expansion MADRID (Reuters) – Spanish conglomerate Sacyr has shortlisted four firms as potential buyers of its service and waste management unit, valued at around 500 million euros ($552 million), newspaper Expansion reported on Wednesday, citing market sources. Sacyr has picked investment funds Morgan Stanley...
Startup e-commerce platform Temu expands to Europe
Date: April 26, 2023
Startup e-commerce platform Temu expands to Europe By Casey Hall SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings has started selling to European markets including France, Germany, Italy, The Netherlands, Spain and the United Kingdom. The Temu.com website now shows all of these markets on its location drop down menu in...