Autogrill says in talks with rivals after Dufry report

Italian motorway and airport caterer Autogrill said it was having talks with industry peers and reviewing its options after Bloomberg reported on a potential tie-up with Swiss duty-free retailer Dufry.

newspaper

19-04-2022

Oil slumps 5% after IMF cuts economic growth outlook

HOUSTON (Reuters) -Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation.

newspaper

19-04-2022

J&J suspends COVID vaccine sales forecast on low demand, supply glut

(Reuters) -Johnson & Johnson on Tuesday said it could no longer provide a forecast for sales of its COVID-19 vaccine, as vaccine hesitancy in low income countries paired with already low demand in higher income nations has led to a glut of supply.

newspaper

19-04-2022

Black man shot in back of head by Michigan police, independent autopsy says

(Reuters) -A Black man who was killed by a Grand Rapids, Michigan police officer during a traffic stop earlier this month was shot in the back of the head, a forensic pathologist who performed an independent autopsy said on Tuesday.

newspaper

19-04-2022

Calling time on QE, central bank asset cull adds new market risks

(Reuters) -Major central banks, already plotting interest rate hikes in a fight against inflation, are also preparing a common pullback from key financial markets in a first-ever round of global "quantitative tightening" expected to restrict credit and add stress to an already-slowing world economy.

newspaper

19-04-2022

Hasbro plans to further hike prices of toys, warns of $100 million Russia hit

Hasbro Inc said on Tuesday it would have to raise prices further to cope with soaring costs and warned of a potential revenue hit of about $100 million this year due to its decision to pause toy shipments to Russia.

newspaper

19-04-2022

Volkswagen-led consortium files for EU antitrust clearance in Europcar deal

A Volkswagen-led consortium that has made a bid to buy Europcar has filed for antitrust clearance with the European Commission, it said on Tuesday, confirming that it expects the deal to be completed by the end of June.

newspaper

19-04-2022

Twitter co-founder Dorsey takes aim at board in series of tweets

Twitter Inc co-founder Jack Dorsey took aim at the social media company's board in a series of tweets late on Monday as it weighs Elon Musk's $43 billion takeover offer.

newspaper

19-04-2022

IMF official says split into competing systems would be 'disaster' for global economy

The world is on a path to a more multipolar world given the rise of emerging markets in the global economy, but it would be disastrous if the global economy fragmented into competing systems with different standards, a top IMF official said.

newspaper

19-04-2022