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Exclusive-QatarEnergy boss says World Cup tension will not impact German business
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UK businesses call for looser immigration rules to boost growth
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Lufthansa launches drive to hire 20,000 employees
Virgin Money shares leap on higher profit, investor payouts
Date: November 21, 2022
By Iain Withers LONDON (Reuters) -Shares in British lender Virgin Money leapt 16% on Monday after it reported a jump in full-year profit and investor payouts, as Bank of England rate rises lifted its finances despite a looming economic downturn. Virgin Money reported pre-tax profit of 595 million pounds ($703 million) for the year to...
StanChart sees Asia, Middle East as bright spots in weak global economy
Date: November 21, 2022
By Anshuman Daga SINGAPORE (Reuters) – Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in borrowing costs risk tipping major global economies into a recession next year, a senior executive at the bank said. The London-headquartered lender has been beefing up its transaction banking...
Nestle’s Nespresso to sell paper-based compostable coffee pods
Date: November 21, 2022
ZURICH (Reuters) – Nestle’s Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant’s metal ones, which despite being recyclable often end up in landfill. Nespresso CEO Guillaume Le Cunff told Reuters that not all customers were aware that its aluminium capsules are recyclable, and may...
Contract caterer Compass expects 2023 profit growth to top 20%
Date: November 21, 2022
(Reuters) – Contract caterer Compass Group on Monday forecast its profit growth to be more than 20% in 2023 and margins to be above 6.5%, after reporting a surge in financial year 2022 profit buoyed by new business wins and reopening of economies. The world’s largest catering group more than doubled its dividend to 31.5...
In a stadium of their own, migrant workers say their sweat made World Cup happen
Date: November 21, 2022
By Maya Gebeily and Charlotte Bruneau DOHA (Reuters) -Taking selfies from the stands and sitting on the grassy pitch, thousands of migrant workers gathered in a Doha stadium to watch the opening match of the first World Cup in the Middle East. The special fan zone set up at the industrial area on the city’s...
Oil prices ease to trade near 2-month lows on China demand fears, dollar strength
Date: November 21, 2022
By Emily Chow SINGAPORE (Reuters) -Oil prices dropped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand from China and U.S. dollar strength weighed on prices. Brent crude futures for January had slipped 74 cents, or 0.8%, to $86.88 a...