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World stocks slip as markets await U.S. midterms outcome
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Christmas shopping begins early as Britons face cash crunch
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Africa’s heritage sites in peril as planet heats up
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Three quarters of UK long COVID sufferers working less -survey
Ahold turns to solar panels, lowers thermostats to save energy
Date: November 9, 2022
By Richa Naidu and Toby Sterling LONDON (Reuters) – Supermarket group Ahold Delhaize is turning to renewable energy and lowering the temperature in its stores to help offset soaring gas prices. Energy bosses and government officials throughout Europe have urged people and businesses to reduce power use and put in place contingency plans so they...
Britain’s Next buys failed furniture retailer Made.com, 400 jobs axed
Date: November 9, 2022
By Sachin Ravikumar LONDON (Reuters) -British fashion retailer Next will buy the Made.com brand for 3.4 million pounds ($3.8 million) after the online furniture seller collapsed into administration, resulting in about 400 job losses. Made.com hit the buffers on Wednesday, running out of cash as a weaker economy deterred Britons from buying new furniture. Retail...
Britain’s M&S warns of ‘gathering storm’ of higher costs and weak consumer
Date: November 9, 2022
By James Davey LONDON (Reuters) -British retailer Marks & Spencer warned on Wednesday of a “gathering storm” of higher costs and pressure on household budgets, as it reiterated full-year profits would fall. The 138-year old clothing and food group, one of the biggest names in British business, reported a 24% decline in profit before tax...
Citigroup to buy Deutsche Bank license in Mexico for wholesale unit
Date: November 9, 2022
NEW YORK (Reuters) -Citigroup Inc said on Tuesday it would purchase Deutsche Bank’s Mexican license in order to continue its corporate and investment banking operation in the country, following the planned sale of its local retail unit. Financial details were not disclosed, and Deutsche Bank said it would continue to grow and invest in Mexico...
Adidas slashes 2022 outlook after Kanye West split
Date: November 9, 2022
By Rachel More BERLIN (Reuters) -Adidas further slashed its outlook for 2022 on Wednesday as it weighed the impact of its split from Ye, the rapper formerly known as Kanye West, while sluggish demand in China continued to impact sales. Adidas now expects its currency-neutral revenue to grow at a low-single-digit rate in 2022, down...
Commerzbank keeps outlook as lower Q3 profit still beats expectations
Date: November 9, 2022
By Tom Sims and Unknown 9629b5b2-3983-43b7-ac6e-49eba7f61a04 FRANKFURT (Reuters) -Germany’s Commerzbank said on Wednesday its net profit fell by 52% in the third quarter in a better-than-expected outcome helped by higher interest rates, though previously flagged problems at a Polish unit weighed. The lender also maintained its profit outlook for the full year even as its...