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Credicorp Capital Columbia’s Executive Director on Social Responsibility and Supporting Customers Through Turbulent Times
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Boohoo says exposure to sterling plunge is limited – finance chief
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Lego posts strong growth on robust demand, new store openings
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Porsche’s blockbuster IPO is no ‘gamechanger’ for Europe’s battered markets
Inflation weighs on consumer morale in euro zone’s big three economies
Date: September 28, 2022
BERLIN (Reuters) -Consumer morale was down across the euro zone’s three largest economies as high inflation shows no sign of relenting heading into winter, according to surveys on Wednesday. German consumer morale is projected to hit a new record low for the fourth consecutive month heading into October, according to the GfK institute, which said...
Drinks group Pernod hires former Kering executive Oudinot for new unit
Date: September 28, 2022
PARIS (Reuters) – French drinks group Pernod said it had hired Nicolas Oudinot, a former leading executive at luxury goods fashion company Kering, to run a new unit set up by Pernod for its permium products. “I am thrilled to join Pernod Ricard in order to drive the transformation of the industry under the leadership...
Stocks hit two-year lows, sterling comes under fire
Date: September 28, 2022
By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – World shares sank to two-year lows on Wednesday, hammered by spiralling borrowing costs that intensified fears of a global recession and sent investors into the arms of the safe-haven dollar. Yields on U.S. 10-year Treasuries topped 4.0% for the first time since 2010 as markets wagered...
Apple drops plan to boost iPhone production as demand falters-Bloomberg
Date: September 28, 2022
(Reuters) -Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family by as many...
White House’s Deese, asked about UK economic plans, stresses ‘fiscal prudence’
Date: September 28, 2022
By Andrea Shalal WASHINGTON (Reuters) -White House economic adviser Brian Deese said on Tuesday he was not surprised by the negative reaction of financial markets to Britain’s fiscal plans and tax cuts, underscoring the need to maintain “fiscal prudence, fiscal discipline.” Deese, speaking at an event hosted by the Economic Club of Washington D.C., said...
Meta says it removes China-based propaganda operation targeting U.S. midterms
Date: September 28, 2022
By Katie Paul (Reuters) -Meta Platforms said on Tuesday it disrupted the first known China-based influence operation focused on targeting users in the United States with political content ahead of the midterm elections in November. The network maintained fake accounts across Meta’s social media platforms Facebook and Instagram, as well as competitor service Twitter, but...