LONDON (Reuters) – British supermarket group Asda said on Monday retail director Ken Towle is leaving the business less than ten months after starting the job. Asda, owned since 2021 by brothers[...]
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February 20, 2023
Brazil Supreme Court rules Bayer must return $252 million in GMO soy royalties
By Ana Mano SAO PAULO (Reuters) – Germany’s Bayer has been ordered by Brazil’s Supreme Court to return to Brazilian soybean farmers the royalties they were charged for a GMO soybean[...]
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Shares steady, dollar dips as US holiday lifts rates gloom
By Amanda Cooper LONDON (Reuters) -Global shares inched up on Monday as a U.S. holiday tempered volatility ahead of minutes of the latest Federal Reserve meeting even though data on core inflation has[...]
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Hedge fund manager Chris Hohn demands Airbus drop Atos deal – letter
By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Christopher Hohn has written to Airbus demanding it drop a deal to purchase a minority stake in French IT consulting firm Atos’ soon[...]
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Reuters wins George Polk Award for uncovering child labor in Hyundai supply chain
New York (Reuters) – A team of Reuters reporters on Monday won a George Polk Award for reports that revealed the widespread use of child labor among suppliers to Hyundai Motor Co in the U.S. sta[...]
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Dollar edges down from six-week peak, Swedish crown jumps
By Samuel Indyk LONDON (Reuters) – The dollar edged lower on Monday but kept close to Friday’s six-week high, after a flurry of economic data reinforced market expectations of tighter mone[...]
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Britain’s post-Brexit asset management revamp eyes liquidity, tokenisation
By Huw Jones LONDON (Reuters) -Britain set out plans on Monday for a post-Brexit review of its rules for the 11 trillion pound ($13.2 trillion) asset management sector, with a focus on bolstering liqu[...]
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Britain’s Tesco raises store workers pay by 7%
LONDON (Reuters) -Tesco, Britain’s biggest retailer, will raise hourly pay for about 220,000 store workers by 7% from April, another increase that will likely catch the attention of the Bank of[...]
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Maersk nears complete Russia exit after selling logistics sites
COPENHAGEN (Reuters) -Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end[...]
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