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England’s NHS to offer Lilly’s weight-loss drug to some patients
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Exclusive-Germany to vote against EU tariffs on Chinese electric vehicles, sources say
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Sabadell CEO says 2024 full-year profit could top 1.6 billion euros
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SWIFT to trial live digital currency transactions next year
Levi Strauss shares fall on weak holiday-quarter forecast
Date: October 3, 2024
(Reuters) – Levi Strauss’ shares fell about 7% on Thursday after a tepid forecast for holiday-quarter revenue underscored the denim maker’s struggles with sluggish demand from retailers navigating weak spending by consumers. The company is also considering a sale of its underperforming khaki and chinos brand Dockers, as apparel makers rethink their product assortments to...
SSP Group sees profit miss on stronger pound, French weakness
Date: October 3, 2024
By Yamini Kalia (Reuters) – Upper Crust owner SSP Group warned on Thursday of lower than expected annual profits as a stronger pound and weakness in some European markets offset robust summer trading elsewhere. The London-headquartered company, which operates cafes, bars and restaurants in train stations and airports in 37 countries, said it saw...
France to stick with wind power development targets
Date: October 2, 2024
PARIS (Reuters) – France is aiming for a target growth rate of 1.5 gigawatts (GW) per year in onshore wind power, Energy minister Olga Givernet said on Wednesday, which would be in line with the previous government’s renewable energy policy goals. In the run up to parliamentary elections in the summer, the far-right National Rally...
ECB’s top conservative shifts tone with sanguine inflation message
Date: October 2, 2024
FRANKFURT (Reuters) -Euro zone inflation is increasingly likely to ease back to the European Central Bank’s 2% target on a durable basis, ECB board member Isabel Schnabel said, dropping her long-standing warning about the difficulty of the ‘last mile’ in taming price growth. Inflation dipped under 2% last month and economic growth is weakening, so...
LME monitors tightness in aluminium market after spike in spread
Date: October 2, 2024
By Eric Onstad LONDON (Reuters) – The London Metal Exchange (LME) is tracking tightness in the aluminium market, which has seen a key spread shoot to a sizeable premium and one party amass a large long or bullish position in the October contract. The LME is closely monitoring the tightness in the aluminium market and...
Big oil’s big payouts under strain as energy prices fall
Date: October 1, 2024
By Ron Bousso LONDON (Reuters) – Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share repurchases in the face of a drop in oil prices after more than two years of bumper profits, analysts said. The majors have for decades attracted investors by promising steady payouts...