Category Archives:
Swiss cut growth forecasts given energy risks and inflation
ZURICH (Reuters) - The Swiss government significantly cut its economic growth forecasts on Tuesday, citing increasing risks from a "tense energy situation and sharp price increases". It now expects th...
Sep 20, 2022
Exclusive-PepsiCo ends Pepsi, 7UP production in Russia months after promising halt over Ukraine
By Jessica DiNapoli and Alexander Marrow NEW YORK/MOSCOW (Reuters) - PepsiCo Inc has stopped making Pepsi, 7UP and Mountain Dew in Russia nearly six months after the U.S. company said it would suspend...
Sep 20, 2022
Haleon rejects Zantac indemnification requests from GSK, Pfizer
LONDON (Reuters) - Haleon on Tuesday said it had notified GSK and Pfizer that it had rejected their requests for indemnification in relation to U.S.-based litigation over the heartburn drug, Zantac. M...
Sep 20, 2022
German producer prices post record jump in August
BERLIN (Reuters) - German producer prices rose in August at their strongest rate since records began both in annual and monthly terms, with soaring energy prices continuing to act as a main driver, ac...
Sep 20, 2022
Indonesia parliament passes long-awaited data protection bill
By Stanley Widianto JAKARTA (Reuters) - Indonesia's parliament passed into law on Tuesday a personal data protection bill that includes corporate fines and up to six years imprisonment for those found...
Sep 20, 2022
Shanghai unveils $257 billion in infrastructure investments
BEIJING (Reuters) -China's commercial hub of Shanghai on Tuesday launched eight infrastructure projects with total investment of 1.8 trillion yuan ($257 billion), state media said. The projects involv...
Sep 20, 2022
Unicredit CEO eyes acquisitions in Germany -Handelsblatt
BERLIN (Reuters) - UniCredit is eyeing acquisitions in Germany as part of plans by Italy's second-biggest bank to become a fully developed European bank, Chief Executive Andrea Orcel told German daily...
Sep 20, 2022
Cryptoverse: After Merge, ether heads for a $20 billion Shanghai splurge
By Medha Singh and Lisa Pauline Mattackal (Reuters) - The Merge came, saw and conquered. Not that you'd guess from crypto prices. The Ethereum blockchain's mega-upgrade finally went live on Sept. 15, ...
Sep 20, 2022
U.S. refiners eye Canadian oil once strategic reserve turns off taps
By Stephanie Kelly and Nia Williams NEW YORK (Reuters) - U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases from the Strategic Petroleum Reserve (SPR) thi...
Sep 20, 2022
AMP handed $9.7 million penalty for charging pensioners ‘fees for no service’
(Reuters) -Wealth manager AMP Ltd was handed a penalty of A$14.5 million ($9.74 million) on Tuesday by Australia's Federal court for charging customers with 'fees for no service' on their corporate pe...
Sep 20, 2022
Peoria, IL, USA
73 °F Sunny
