Reuters US Business

By Maiya Keidan TORONTO (Reuters) – Omicron-fuelled market swings appear to have made November the worst month for global hedge fund performance since the virus first shut down economies at the start of the COVID-19 pandemic. Hedge funds are down an estimated 1.6% to 2% in November, according to early data from industry research firm …

Omicron-fuelled volatility deals hedge funds worst monthly return since March 2020 Read More »

(Reuters) -Campbell Soup Co on Wednesday warned its current-quarter gross margins will be under pressure due to higher labor and raw material expenses, even as it beat Wall Street expectations for first-quarter profit. A sharp rise in inflation and a tight supply chain environment caused by the pandemic has driven up shipping and labor costs, …

Campbell Soup warns higher costs to hit second-quarter margins Read More »

By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission set out plans on Wednesday to retaliate against countries that put economic pressure on EU members to change their policies, while stressing the main purpose was deterrent. The proposal is designed to counter an increased spillover of geopolitical tensions into trade. European Union member states have accused …

EU seeks to deter economic coercion with new trade defence Read More »

By Zuzanna Szymanska BERLIN (Reuters) – Israeli lab-grown meat startup Aleph Farms and German chemicals maker Wacker Chemie will work together to improve production processes for growth proteins to remove one of the biggest obstacles to large-scale cultivated meat production. Cultivated meat, which is grown from animal muscle cells in a lab, has been getting …

Exclusive-Aleph, Wacker team up to fast-track mass lab meat production Read More »

By Rod Nickel WINNIPEG, Manitoba (Reuters) – For three straight years, Alberta’s government granted Canada’s most emissions-intense oil sands facility reductions in payments that polluters are required to make for generating higher emissions than most of the industry, a government document shows. From 2018 to 2020, Alberta lowered Canadian Natural Resources Ltd’s (CNRL) costs for …

Exclusive-Top-emitting Canada oil sands site collects government relief from pollution payments Read More »