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By Jonathan Stempel NEW YORK (Reuters) -Consumer Reports on Monday urged four chocolate producers to commit by Valentine’s Day to reduce the amounts of lead and cadmium in their dark chocolate products, after testing revealed harmful levels of the heavy metals. In letters to Hershey Co, Mondelez International Inc, Theo Chocolate and Trader Joe’s, Consumer …

Consumer Reports urges dark chocolate makers to reduce lead, cadmium levels Read More »

CARACAS (Reuters) – Inflation in Venezuela hit 234% in 2022, Vice President Delcy Rodriguez said on Monday, representing a slowdown from the previous year, as the South American country struggles with a deep and lengthy economic crisis. Rodriguez provided the inflation rate during a meeting with Turkish and Venezuelan business leaders. Venezuela’s central bank infrequently …

Venezuela’s inflation slows to 234% in 2022, vice president says Read More »

By Andrea Shalal LUSAKA (Reuters) – Two of the world’s most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and other creditors are handling the African country’s debt. Zambia requested debt relief under the Group of 20 Common Framework nearly two years, …

Visits to Zambia by Yellen, IMF reflect concern over stalled debt talks Read More »

By Joice Alves LONDON (Reuters) – Europe’s upcoming corporate earnings season is likely to show whether the renewed optimism about the economy that has buoyed equities in recent weeks is grounded in reality. The pan-European STOXX index is up 6% since the start of the year, hitting its highest since April after better-than-expected economic data …

Analysis-Europe Inc earnings season a test for market optimism Read More »

By Steve Scherer OTTAWA (Reuters) – The Bank of Canada will offer minutes from its policy-setting meeting this week for the first time in its history, a move some analysts say will help restore credibility lost last year amid soaring inflation and encourage out-of-the-box thinking. Annual inflation shot to 8.1% in June, the highest in …

‘P.R. job’ or antidote to ‘groupthink’? Bank of Canada to offer policy-meeting minutes Read More »

FRANKFURT (Reuters) -The Bayer investor Union Investment criticized Bayer’s chair for a lack of engagement, such as exploring a spin-off of the company’s consumer health division, according to an interview in WirtschaftsWoche. Bayer is facing demands from activist investor Bluebell Capital Partners to break up, with a sale of the company’s consumer health unit and, …

Bayer investor criticizes Bayer chair for lack of initiative – WirtschaftsWoche Read More »

(Reuters) – Members of two local unions at CNH Industrial NV factories in Wisconsin and Iowa reached an agreement over a new labor contract on Saturday, ending a strike that has been ongoing since last May, the United Auto Workers union said. The contract, which was voted on as an improved “last, best, and final …

CNH Industrial union workers end strike at two U.S. plants with deal Read More »

(Reuters) -Juul Labs Inc on Friday secured preliminary court approval of a $255 million settlement resolving claims by consumers that it deceptively marketed e-cigarettes, as the company seeks to resolve thousands of lawsuits. U.S. District Judge William Orrick in San Francisco said the proposed class action settlement resolving claims by consumers who said they overpaid …

U.S. judge grants preliminary approval to Juul consumer settlement Read More »

By David Shepardson WASHINGTON (Reuters) -Amazon.com Inc’s cloud services division said Friday it plans to invest another $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will establish multiple data center campuses across Virginia. In …

Amazon’s AWS to invest $35 billion in Virginia Read More »