economic-benefits
Top StoriesMobile Phone, Pc Shipments to Fall Again in 2023, Gartner Says
Top StoriesCost-Of-Living Crisis Casts Shadow Over Europe’s Black Friday
Top StoriesG7 Leaders Arranging Emergency Summit After Poland Missile Strike – Kyodo
BusinessYou Can’t Hope Your Way Out of Uncertainty, You Plan for It
Germany Finalises Details of Planned Gas Price Cap
Date: October 31, 2022
By Christian Kraemer, Holger Hansen and Riham Alkousaa BERLIN (Reuters) -Germany’s expert gas commission on Monday presented proposals to the government for a gas price cap in Europe’s biggest economy to help citizens cope with soaring energy prices and encourage companies to remain in the country and preserve jobs. Households in the country are paying...
South Korea Has Not Supplied Lethal Weapons to Ukraine, President Says
Date: October 28, 2022
SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Friday Seoul has not provided any lethal weapons to Ukraine, after Russian President Vladimir Putin said such a decision would destroy their bilateral relations. Putin made the remark at a conference in Moscow on Thursday, accusing the West of inciting the war in Ukraine. “We...
Unilever Downbeat on Europe, China Consumer Sentiment
Date: October 27, 2022
By Richa Naidu LONDON (Reuters) -Unilever Plc on Thursday gave a dire assessment of consumer sentiment in Europe and China, two of its key markets, but raised its full year sales forecast as it lifted prices to counter soaring costs. Like the rest of the consumer goods industry, Unilever’s margins have been squeezed since the...
Xerox Shares Slide as Annual Revenue, Cash Flow Forecasts Take a Hit
Date: October 26, 2022
(Reuters) – Xerox Holdings Inc’s shares plunged about 25% to 13-year lows on Tuesday after the photocopy maker slashed its annual revenue and cash flow forecasts, blaming a stronger dollar and a slower-than-expected recovery in global supply chains. The hybrid work environment has amplified the pressures on the company already struggling with firms and consumers...
Nestle Sales Soar as Price Rises Drive Growth
Date: October 19, 2022
By John Revill and Richa Naidu ZURICH/LONDON (Reuters) -Nestle posted its strongest nine-month sales growth in 14 years on Wednesday and raised its full-year guidance as the world’s largest packaged food company lifted prices without losing many customers. The maker of KitKat chocolate bars and Nescafe reported organic sales, which cut out the impact of...
TomTom Shares Fall as 2023 Uncertainties Outweigh Q3 Beat
Date: October 14, 2022
By Federica Mileo and Augustin Turpin (Reuters) – Dutch navigation and digital mapping company TomTom on Friday cut its cash flow target for 2023, citing inflationary pressures and economic uncertainty, sending its shares tumbling 12% despite better than expected third-quarter performance. The Amsterdam-based group, whose customers range from major car companies to global tech firms,...