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Beiersdorf benefits from bump in Nivea sales
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Puma expects Q2 sales growth below full-year target
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Mercedes-Benz launches E-Class, its last new combustion engine model
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Spotify’s monthly active users top 500 million, beat estimate
Kremlin remains downbeat on state of Black Sea grain deal
Date: April 25, 2023
Kremlin remains downbeat on state of Black Sea grain deal (Reuters) – The Kremlin reaffirmed its position on Tuesday that the Black Sea grain deal is not working for Moscow, a day after the head of the United Nations handed Russia a letter with proposals to improve and expand it. “Despite the fact that so...
BoE’s Broadbent says QE not to blame for surge in inflation
Date: April 25, 2023
BoE’s Broadbent says QE not to blame for surge in inflation LONDON (Reuters) -Bank of England (BoE) Deputy Governor Ben Broadbent said central banks should not ignore measures of money supply but claims that their quantitative easing (QE) bond-buying programmes led to excessive inflation are not backed up by evidence. Some politicians and analysts have...
Anglo American’s first-quarter copper output rises 28%
Date: April 25, 2023
Anglo American’s first-quarter copper output rises 28% LONDON (Reuters) -Anglo American’s overall first-quarter production rose 9% from a year earlier, helped by a 28% jump in copper output from the ramp-up of its Quellaveco mine in Peru and improvement in its steelmaking coal operations, it said on Tuesday. The London-listed miner said it produced 178,000...
KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback
Date: April 25, 2023
KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback By Richa Naidu LONDON (Reuters) – In a quarter that saw Nestle’s overall sales volumes dip, the KitKat maker’s candy business was a sweet spot as consumers celebrated Valentine’s Day and an early Easter with largely reduced concerns over the spread of COVID-19. Confectionary sales volumes...
More banks join European instant payments pilot from end 2023
Date: April 25, 2023
More banks join European instant payments pilot from end 2023 By Huw Jones LONDON (Reuters) – An initiative to offer an instant payments service in Europe from the end of 2023 said on Tuesday it has acquired two payment firms and obtained the backing of more banks after scaling back ambitions to take on U.S....
Recruiter Randstad beats Q1 earnings estimates despite hiring slowdown
Date: April 25, 2023
Recruiter Randstad beats Q1 earnings estimates despite hiring slowdown By Romolo Tosiani (Reuters) -Dutch recruitment firm Randstad reported better-than-expected first-quarter core earnings on Tuesday, despite a slowdown in hiring by companies. The performance of staffing firms is seen as a bellwether for broader economic activity as companies’ appetite for hiring indicates confidence in the economy....