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Analysis-Energy hungry Europe can’t look to U.S. shale to fill any OPEC gap
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Take Five: Ready for that Santa rally?
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U.S., EU to address Inflation Reduction Act fears constructively -draft
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Euro zone bond yields rise after U.S. jobs data
Reckitt expects U.S. infant formula shortage until spring
Date: December 2, 2022
By Richa Naidu LONDON (Reuters) -The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, according to Reckitt Benckiser, the maker of what is now the biggest brand in the market, Enfamil. Panicked parents had earlier this year emptied the baby...
Pfizer to invest more than $2.5 billion to expand European manufacturing
Date: December 2, 2022
By Michael Erman NEW YORK (Reuters) -Pfizer Inc is investing more than $2.5 billion at its drug making plants in Belgium and Ireland, gearing up to launch new products it hopes can replace lost revenue as patents expire and COVID-19 vaccine sales decline. The drugmaker said on Friday it plans to spend more than 1.2...
EU countries consider lower gas price cap – documents
Date: December 2, 2022
By Kate Abnett BRUSSELS (Reuters) -European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some view as too high, with a handful of countries pushing for an even lower limit, documents seen by Reuters showed. European Union countries start negotiations on Friday evening...
WHO chief Tedros selects new leadership team, document shows
Date: December 2, 2022
By Emma Farge and Jennifer Rigby GENEVA (Reuters) – The World Health Organization’s chief has provisionally appointed several new top managers, a document showed on Friday, as he seeks to cope with growing post-pandemic health challenges and respond to donor pressure for efficiency. The appointments come as Director-General Tedros Adhanom Ghebreyesus’s second term as the...
Factbox-What European companies are doing as workers face high inflation
Date: December 2, 2022
(Reuters) -Companies across Europe are offering one-off bonuses and renegotiating wages as surging inflation raises food and energy bills for staff over the winter. Here are some examples by sector: AUTOS, AIRLINES AND TRAVEL: SCANDINAVIAN AIRLINES SYSTEM (SAS) Two labour unions representing SAS cabin crew in Norway said on Nov. 30 they had signed a...
UniCredit to pay bonus, replace 850 older branch staff in Italy
Date: December 2, 2022
MILAN (Reuters) – Italy’s second-biggest bank UniCredit will give employees in Italy a one-off payment of 2,400 euros ($2,526) to reward productivity and help them to weather rising prices, it said on Friday. As part of a broad accord signed on Thursday with unions, UniCredit will also pay for 850 branch employees who would qualify...