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Beyond Meat sales under threat as plant-based boom withers
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Lebanon clears ship accused of carrying stolen Ukrainian grain for departure
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Pelosi lauds Taiwan, says China’s fury cannot stop visits by world leaders
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OPEC+ agrees tiny output rise in setback for Biden
Russian pullout must precede any dialogue, says Ukraine
Date: August 3, 2022
By Natalia Zinets, Umit Bektas and Max Hunder KYIV/ISTANBUL (Reuters) -Ukraine on Wednesday dismissed comments by ex-German chancellor Gerhard Schroeder that Russia wanted a “negotiated solution” to the war and said any dialogue would be contingent on a Russian ceasefire and the withdrawal of Russian troops. Schroeder, a friend of Russian President Vladimir Putin and...
Wall Street rallies, Treasury yields rise on strong economic data, Fed resolve
Date: August 3, 2022
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rose sharply and Treasury yields touched two-week highs on Wednesday as robust economic data, easing geopolitical concerns and generally upbeat corporate earnings boosted investor risk appetite. All three major U.S. stock indexes were higher and benchmark 10-year Treasury yields gained ground. Economic data showed an unexpected...
Telecom Italia trims expected 2022 core profit drop
Date: August 3, 2022
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) has trimmed its expected profit drop for 2022 to lift its outlook on the back of its second-quarter results, helped by cost cutting and the contribution from the company’s Brazilian subsidiary. TIM has been struggling to stay competitive in its home market, where it makes the bulk...
Dollar rises vs yen; U.S. economic data, Fed officials’ comments supportive
Date: August 3, 2022
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar was up against the yen on Wednesday after data showed a surprise pickup in the U.S. services industry in July, while hawkish comments from Federal Reserve officials this week also supported the greenback. The Institute for Supply Management said its non-manufacturing PMI rebounded last month...
Solving the Scope 3 Emissions Conundrum
Date: August 3, 2022
By Sudalaimuthu Gurusamy, Domain Consultant with the Risk Management practice of the Banking and Financial Services (BFS) business unit at Tata Consultancy Services Executive Summary Given that climate change is one of the biggest risks facing the real economy as well as the financial industry, there is an urgent need to measure and manage this...
Euro zone business activity contracted in July as customers stayed home
Date: August 3, 2022
LONDON (Reuters) – Business activity in the euro zone contracted slightly in July for the first time since early last year as consumers reined in spending amid a cost-of-living crisis, according to a survey which suggested the outlook for the economy was gloomy. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good...