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Britain facing tomatoes shortage after overseas harvests disrupted
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Britain’s post-Brexit asset management revamp eyes liquidity, tokenisation
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Scottish finance minister Kate Forbes to run for country’s leadership
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Analysis-To raise prices or not? Consumer goods makers weigh bets on buyer strength
Galois Capital flagship fund to close after FTX losses
Date: February 20, 2023
By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) -Galois Capital hedge fund founder Kevin Zhou said on Monday his flagship fund would close after “losing almost half” of the fund’s money when cryptocurrency exchange FTX collapsed. Zhou’s statement, released on Twitter, confirmed a report in the Financial Times that the hedge fund had decided to...
Ericsson to cut 1,400 jobs in Sweden
Date: February 20, 2023
STOCKHOLM (Reuters) -Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. The company had earlier announced plans to cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets, including...
Turkey clears away rubble from earthquake, rescue efforts wind down
Date: February 20, 2023
By Henriette Chacar and Ali Kucukgocmen ANTAKYA, Turkey (Reuters) – Turkey stepped up work to clear away rubble from collapsed buildings on Monday, as rescue work wound down two weeks after major earthquakes killed more than 46,000 people in southern Turkey and northwest Syria. Turkey’s Disaster and Emergency Management Authority (AFAD) said that nearly 13,000...
Novartis names Firmenich CEO as chairman designate of Sandoz
Date: February 20, 2023
ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generics unit Novartis wants to spin off later this year. Ghostine has been CEO of Geneva-based Firmenich, the world’s largest privately owned perfume and taste company, since 2014. He will become the chairman of the new board at...
Asia shares creep higher, wary on Fed and BOJ outlooks
Date: February 20, 2023
By Wayne Cole SYDNEY (Reuters) – Asian shares edged up on Monday as a U.S. holiday made for slow trading ahead of minutes of the latest Federal Reserve meeting and a reading on core inflation that could add to the risk of interest rates heading higher for longer. Geopolitical tensions were ever present with North...
Aussie supermarkets set to capitalise on high inflation, but softer demand ahead
Date: February 20, 2023
By Harshita Swaminathan (Reuters) – Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-high inflation and increased savings, but analysts warned of a rough second-half as households reel from mounting expenses due to higher cost of living. Top supermarket chains Woolworths Group and Coles Group will likely see growth in their...