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Central banks ease off on rate hike push in October
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Britain’s Metro Bank returned to profit in September, sees no customer stress
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Britain’s Next sticks to outlook after quarterly sales rise
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Catering group Sodexo targets operating margin above 6% in 2025
Big brands set to miss plastic sustainability targets
Date: November 2, 2022
By Joe Brock SINGAPORE (Reuters) – Some of the world’s biggest consumer goods companies, including PepsiCo, Mars and Nestle, are almost certain to miss a target to make plastic packaging more sustainable by 2025, according to a new report published on Wednesday. The study by the Ellen MacArthur Foundation and the United Nations Environment Programme...
Quebec’s elected officials must swear oath to King Charles to sit in National Assembly
Date: November 2, 2022
(Reuters) – Quebec National Assembly speaker ruled on Tuesday that all elected members must swear an oath to Britain’s King Charles and not just to the people of Quebec in order to perform their duties in the predominantly French-speaking Canadian province. “As the law currently stands, this oath is not optional,” Speaker Francois Paradis wrote...
CVS, Walmart, Walgreens agree to pay $13.8 billion to settle U.S. opioid claims – sources
Date: November 2, 2022
By Brendan Pierson (Reuters) -CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have tentatively agreed to pay about $13.8 billion to resolve thousands of state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to two people familiar with the negotiations. The proposed settlement calls for CVS to pay $5...
Asian shares rise, dollar dips ahead of Fed policy decision
Date: November 2, 2022
By Stella Qiu SYDNEY (Reuters) – Asian shares climbed on Wednesday, led by Chinese stocks on reopening hopes, while the dollar sagged as investors braced for the U.S. Federal Reserve’s policy decision later in the day, with many hoping for signs of a slowdown in future rate hikes. European markets looked set to extend the...
EA lowers bookings expectation on strong dollar, gaming slowdown
Date: November 2, 2022
By Tiyashi Datta and Aditya Soni (Reuters) -Electronic Arts Inc lowered its annual bookings forecast on Tuesday as the publisher of “FIFA” and “Apex Legends” struggles with this year’s surge in the U.S. dollar and a gaming industry slowdown from pandemic heights. The company now expects annual bookings – an indicator of future revenue –...
France’s Thales says hackers claim to have stolen data
Date: November 2, 2022
PARIS (Reuters) -French defence and technology group Thales said on Tuesday the hacker group LockBit 3.0 claimed to have stolen some of its data and was threatening to publish it. Thales said the extortion and ransomware group had announced plans on the dark web to release the data on Nov. 7. It added that so...