By Yuvraj Malik and Jane Lanhee Lee (Reuters) -Microsoft Corp beat Wall Street’s estimates for quarterly revenue and profit on Tuesday, driven by growth in its cloud computing and Office product[...]
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April 25, 2023
World Bank Chief Economist Gill calls for new approaches to address ‘debt crisis’
By Andrea Shalal WASHINGTON (Reuters) – World Bank Chief Economist Indermit Gill is calling for new approaches to address the mounting debt crisis facing many countries, including steps to facto[...]
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UK’s Pret hikes price of coffee subscription service, offers food discount
LONDON (Reuters) – British sandwich and coffee chain Pret A Manger has raised the price of its monthly coffee subscription service by 20% to 30 pounds ($37.34) but expanded it to include a 10% r[...]
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Carrier to buy German firm Viessmann’s unit in $13.17 billion deal
(Reuters) – Air conditioner maker Carrier Global Corp said on Tuesday it would buy German industrial firm Viessmann Group’s unit that makes heating boilers and heat pumps in a 12 billion e[...]
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Cargill needs months to fully cut out US firm fined for child labor
By Tom Polansek CHICAGO (Reuters) -Cargill Inc will need months to fully sever ties with a U.S. company fined for hiring kids to do dangerous work cleaning meat plants, the head of the meatpacker[...]
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Chrysler-parent Stellantis looks to trim around 3,500 hourly U.S. jobs – union letter
By David Shepardson WASHINGTON (Reuters) – Chrysler-parent Stellantis NV wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Wor[...]
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Wall Street sinks as weak earnings fan fears of economic slowdown
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – Wall Street’s major averages suffered their deepest declines so far this month as a downbeat UPS forecast exacerbated investor[...]
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Chipotle Mexican Grill earnings beat on price hikes, new stores
By Hilary Russ and Granth Vanaik (Reuters) -Chipotle Mexican Grill Inc topped Wall Street expectations for first-quarter profits and sales on Tuesday, helped by higher menu prices, 41 new restaurant o[...]
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Top US banks face little investor pressure on fossil-fuel financing
By Ross Kerber (Reuters) -Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate acti[...]
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