LG Display quarterly profit plunges as demand shrinks and prices slide

SEOUL (Reuters) -LG Display Co Ltd saw first-quarter profit plummet far below forecasts and warned of a further drop in panel prices as pandemic-driven demand for TVs, smartphones and laptops fades and competition heats up.

newspaper

27-04-2022

How Africa is bearing the brunt of palm oil's perfect storm

Djeneba Belem's fried bean cake stall in Abidjan is a world away from the war raging in Ukraine. But her business is now at the mercy of an unexpected consequence: runaway palm oil prices.

newspaper

27-04-2022

Kellogg's takes Britain to court over new sugar rules

U.S. food company Kellogg's is taking the British government to court over new rules that would stop some of its breakfast cereals being displayed prominently in grocery stores because of their high sugar content.

newspaper

27-04-2022

Exclusive-Russia sees its oil output falling by up to 17% in 2022 -document

Russia may see its oil production fall by as much as 17% in 2022, an economy ministry's document seen by Reuters showed on Wednesday, as the country struggles with Western sanctions.

newspaper

27-04-2022

EU court rejects Airbnb plea on information for tax authorities

The European Court of Justice on Wednesday rejected a case brought by accommodation services company Airbnb Ireland against Belgian regional legislation requiring it to provide information to tax authorities on tourist transactions.

newspaper

27-04-2022

Oil prices steady as Russia supply fears meet Asian demand concerns

(Reuters) -Oil was broadly steady on Wednesday after Russia cut gas supplies to Bulgaria and Poland, although lingering concerns about Asian coronavirus lockdowns weighing on economic growth and oil demand kept a lid on prices.

newspaper

27-04-2022

Poorer people trust the ECB less, study finds

Poorer households trust the European Central Bank less, particularly in countries where income inequality is greater, an ECB study showed on Wednesday.

newspaper

27-04-2022

European shares slip with focus on Russia gas supplies, mixed earnings

European shares slipped in choppy trade on Wednesday as markets took stock of mixed earnings updates, while energy tensions heightened after Russian energy giant Gazprom halted gas supplies to Bulgaria and Poland.

newspaper

27-04-2022

GSK tops quarterly forecasts, helped by COVID-19 treatment and Shingrix

(Reuters) -British pharmaceuticals giant GSK beat analyst expectations for its first-quarter results on Wednesday and stood by its 2022 forecasts, after buoyant sales of its COVID-19 treatment which has now been withdrawn from the U.S. market.

newspaper

27-04-2022