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Wall Street sells shares, Treasuries to end fraught February
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Exclusive: Telecom operator Veon strikes deal on satellite service with OneWeb
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Bank finance for cleaner energy grows, but still lags fossil fuels – report
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Wall St indexes mixed, Treasury yields tick up as higher rates loom
Swiss government says it expects economic slowdown but no recession
Date: February 28, 2023
ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end of 2022. “From the current perspective I would not expect a recession,” Eric Scheidegger, the Head of the Economic Policy Directorate at the...
UK grocery price inflation hits record 17.1%
Date: February 28, 2023
By James Davey LONDON (Reuters) – British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record high, dealing the latest blow to consumers struggling with a cost-of-living crisis, industry data showed on Tuesday. Market researcher Kantar said prices are rising fastest in markets such as milk, eggs and margarine. It said...
Grifols sees core earnings rising in 2023 after 2022 net profit grew 10%
Date: February 28, 2023
By Joan Faus BARCELONA (Reuters) -Spanish pharmaceuticals company Grifols’ full-year net profit rose 10% to 208 million euros ($220.19 million) as blood plasma collection grew more than 25% and said it expects core earnings to grow significantly in 2023. Grifols, which uses blood plasma to make medicines, reported on Tuesday total revenues of 6 billion...
GumGum appoints new staff members across Germany
Date: February 28, 2023
The hires come as the contextual-first advertising company attracts new clients in the DACH region GumGum today announces new hires in Germany, with Kalina Kehayova joining as Digital Executive and Larissa Jürges as Programmatic Solutions Manager, as the contextual-first, global digital advertising platform continues to attract strong interest from advertisers across the DACH region. Previously...
Cryptoverse: Bitcoin moves towards Satoshi’s payment dream
Date: February 28, 2023
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith. The 15-year-old cryptocurrency has filled many roles – from source of speculation to hedge against inflation – but has struggled to find a clear identity. Now there are growing signs it’s edging...
At the home of Zara, fast and slow fashion collide
Date: February 28, 2023
By Corina Pons and Virginia Furness A CORUNA, Spain/LONDON (Reuters) – In Spain’s A Coruna, two contrasting fashion business models collide – pitching the growing demands for the clothing industry to become more sustainable against the constant need to drive sales. This rainy, windswept, city on the rugged Atlantic coast is the unlikely headquarters of...