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Image for Drug companies face COVID cliff in 2023 as sales set to plummet

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Drug companies face COVID cliff in 2023 as sales set to plummet

Image for UK new car sales rise in January, full-year sales to top last year – SMMT

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UK new car sales rise in January, full-year sales to top last year – SMMT

Image for UK watchdog warns crypto firms to prepare for advertising rule change

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UK watchdog warns crypto firms to prepare for advertising rule change

Image for U.S. job growth powers ahead; unemployment rate at 3.4%

Business

U.S. job growth powers ahead; unemployment rate at 3.4%

Image for Euro zone inflation seen just above ECB’s target in 2025, poll shows

Euro zone inflation seen just above ECB’s target in 2025, poll shows

Date: February 3, 2023

FRANKFURT (Reuters) – Euro zone inflation is set to decline to 2.1% in 2025, just a shade above the European Central Bank’s target, an ECB poll of economists forecast on Friday. The ECB raised interest rates for the fifth straight time on Thursday and signalled more hikes ahead, reaffirming it would stay the course in...

Image for Kering recruits Estee Lauder exec for push into cosmetics

Kering recruits Estee Lauder exec for push into cosmetics

Date: February 3, 2023

PARIS (Reuters) – French luxury goods group Kering said Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segement. “We are building this new area of expertise within our Group to ensure that our brands can fulfill...

Image for Lockmaker Assa Abloy boosts dividend, but wary on outlook

Lockmaker Assa Abloy boosts dividend, but wary on outlook

Date: February 3, 2023

STOCKHOLM (Reuters) -Assa Abloy, the world’s biggest lockmaker, raised its dividend more than expected as it met quarterly profit forecasts on Friday, signalling its confidence even as it braces for an uncertain economic outlook. The Swedish group reported a 28% increase in fourth-quarter operating profit to 5.15 billion Swedish crowns ($49.62 billion) from 4.01 billion...

Image for TomTom raises 2023 revenue outlook as automotive drives Q4 beat

TomTom raises 2023 revenue outlook as automotive drives Q4 beat

Date: February 3, 2023

By Federica Mileo (Reuters) -Dutch navigation and digital mapping company TomTom raised its 2023 revenue forecast on Friday, after posting better-than-expected fourth-quarter revenue driven by strong automotive performance. After being hit by the global chip shortage that has disrupted the automotive and electronics industries, TomTom is now starting to benefit from the recovery in global...

Image for France seeks strategy as nuclear waste site risks saturation point

France seeks strategy as nuclear waste site risks saturation point

Date: February 3, 2023

By Benjamin Mallet LA HAGUE, France (Reuters) – At a nuclear waste site in Normandy, robotic arms guided by technicians behind a protective shield manoeuvre a pipe that will turn radioactive chemicals into glass as France seeks to make safe the byproducts of its growing reliance on atomic power. The fuel-cooling pools in La Hague,...

Image for Tech earnings hit pause button on market rally

Tech earnings hit pause button on market rally

Date: February 3, 2023

By Caroline Valetkevitch and Herbert Lash (Reuters) – Big Tech led U.S. markets on a sharp rebound to kick off 2023. The message from their earnings on Thursday: not so fast. Apple Inc, Google parent Alphabet and Amazon.com all posted results for the end-of-year quarter that left a sour taste in investors’ mouths. The reports...