By James Davey LONDON (Reuters) -Britain’s biggest retailer Tesco said it would focus on offering customers better value deals in January as it does not believe inflation has peaked, preparing f[...]
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January 12, 2023
Lighting maker Signify cuts 2022 outlook again on China, business lighting
(Reuters) -Signify NV, the world’s biggest maker of lights, on Thursday again cut its full-year 2022 profit margin and sales guidance, citing a steeper than expected slowdown in China and lower[...]
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Logitech shares sink as it cuts sales outlook after weak quarter
ZURICH (Reuters) -Logitech International on Thursday reported lower earnings and sales between October and December and cut its sales outlook, sending its shares down by almost a fifth in opening trad[...]
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Tesco boss says inflation may not have peaked ‘just yet’
LONDON (Reuters) – The boss of British retailer Tesco, Ken Murphy, said on Thursday that inflation may have not peaked “just yet,” adding that he hoped it would come down by the midd[...]
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More than half of German companies report labour shortages
BERLIN (Reuters) – More than half Germany’s companies are struggling to fill vacancies due to a lack of skilled workers, the German Chambers of Commerce and Industry (DIHK) said on Thursda[...]
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India, U.S. establish new trade group to bolster supply chains
NEW DELHI (Reuters) -India and the United States have established a new working group to build sustainable supply chains and boost bilateral trade, the governments said in a joint statement on Thursda[...]
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Philippines central bank hopes to cut rates in 2024, flags RRR reduction
By Neil Jerome Morales MANILA (Reuters) – The Philippines’ central bank governor said on Thursday he hoped benchmark interest rates could be cut in 2024, once inflation was under control,[...]
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BOJ more upbeat on regional Japan, wage prospects
By Leika Kihara TOKYO (Reuters) -The Bank of Japan on Thursday offered a more optimistic view on the country’s economic health and pointed to growing number of firms planning wage increases, und[...]
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Mercedes to drop EQ product brand -Handelsblatt
BERLIN (Reuters) – Mercedes-Benz is set to drop the EQ product brand for battery-electric cars as soon as the next generation of compact cars, set to be on the market from the end of 2024, Germa[...]
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