By Matt Spetalnick and Jonathan Landay WASHINGTON (Reuters) – Joe Biden is expected to use Israel’s killing of Hamas leader Yahya Sinwar to pressure Prime Minister Benjamin Netanyahu to wind down the war in Gaza, but in the waning months of his term the U.S. president may lack leverage to bend the Israeli leader to …
Analysis-After Sinwar death, Biden faces big obstacles to Gaza peace Read More »
LONDON (Reuters) -British finance minister Rachel Reeves will increase the amount of money raised from inheritance tax at her Oct. 30 budget, the BBC reported on Friday without providing further details of what changes will be made to the measure. Reeves’ first fiscal statement since Labour’s July election victory will set out how she intends …
UK to raise more from inheritance tax, BBC reports Read More »
By Jody Godoy and Maggie Fick NEW YORK (Reuters) -U.S. consumer groups and two large labor unions urged the U.S. Federal Trade Commission on Thursday to block Novo Holdings, the controlling shareholder of Novo Nordisk, from acquiring contract drug manufacturer Catalent, saying the deal threatens competition in weight loss drugs and cutting-edge gene therapies. U.S. …
Consumer groups ask FTC to block Novo Holdings-Catalent deal Read More »
By Aby Jose Koilparambil (Reuters) -British betting and gaming firm Evoke reported 3% growth in third-quarter group revenue on Friday, driven by market share gains in its key international markets, indicating progress in its turnaround strategy. Shares in the FTSE Small Cap company, which had plunged more than 14% on Monday on tax hike fears, …
Bookmaker Evoke posts 3% rev growth in Q3 as turnaround plan takes root Read More »
By Andres Gonzalez and Ron Bousso LONDON (Reuters) -BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company’s focus on renewables. The company has faced pressure from shareholders over its energy …
BP weighs sale of minority stake in offshore wind business, sources say Read More »
By Marie Mannes STOCKHOLM (Reuters) -Swedish truck maker AB Volvo forecast stagnant demand next year and posted a bigger-than-expected slide in quarterly adjusted earnings on Friday, after reduced freight and construction activity limited vehicle sales. Truck makers have experienced a slowdown in demand as markets have normalised following historically high sales in 2023 when customers …
AB Volvo profit misses forecast and expects flat truck sales next year Read More »
BEIJING/SHANGHAI (Reuters) – China’s central bank kicked off two funding schemes on Friday that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The People’s Bank of China (PBOC) spelt out operational details of the swap and relending schemes first announced in late September, …
China rolls out $112 billion funding schemes to bolster stock market Read More »
By Makiko Yamazaki and Kentaro Sugiyama TOKYO (Reuters) -Japan’s largest labour union group said on Friday it will seek wage hikes of at least 5% in 2025, similar to this year’s hefty increase, although economists doubt that another such bump is realistic. The announcement by Rengo means debate about pay rises for next year will …
Japan’s biggest union group targets 5% wage hikes next year Read More »
By James Davey LONDON (Reuters) – Struggling British online fashion retailer Boohoo said its CEO John Lyttle would step down as the group announced a strategic review that could see it broken up. The company, which trades as boohoo, boohooMAN, PrettyLittleThing, Debenhams and Karen Millen, said on Friday that Lyttle, CEO for five years, had …
Boohoo CEO to step down as strategic review launched Read More »
By Suban Abdulla LONDON (Reuters) -British retail sales unexpectedly rose in September, according to official data published on Friday that contradicted signs that consumers were downbeat about possible tax rises ahead of the new government’s first budget later this month. Sales volumes increased by 0.3% in September, beating economists’ expectations for a monthly 0.3% fall. …
UK consumers defy their budget worries to shop more Read More »
