(Reuters) -Drug distributor McKesson said on Monday it would buy a controlling stake in community cancer center Florida Cancer Specialists & Research Institute’s (FCS) business and administr[...]
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August 26, 2024
US firms’ ‘low firing’ approach may turn to more layoffs, Fed’s Barkin tells BBG
By Howard Schneider WASHINGTON (Reuters) – The “low-hiring, low-firing” approach that U.S. businesses currently take to their employment decisions is unlikely to last, Richmond Feder[...]
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Australian homeowners struggling to afford insurance as climate risks grow, report says
SYDNEY (Reuters) – Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dol[...]
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Australian employees now have the right to ignore work emails, calls after hours
By Lewis Jackson SYDNEY (Reuters) – Is your boss texting you on the weekend? Work email pinging long after you’ve left for home? Australian employees can now ignore those and other intrusi[...]
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Exxon forecasts 2050 oil demand to match today’s, 25% above BP estimate
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today’s levels, a forecast[...]
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Morning Bid: Rate-cut hopes meet Mid-East risks
A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. Not for the first time, financial markets are reminded why it’s never a good idea to get too far ahead. So, while Federal[...]
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German business sentiment falls in August, delaying recovery hopes
By Klaus Lauer and Miranda Murray BERLIN (Reuters) -German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe’s large[...]
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Sinopec’s H1 profit up on record output despite lower product demand
By Colleen Howe BEIJING (Reuters) -China’s Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refine[...]
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Japan’s Suntory aims for greater US canned cocktail market share, bets on spirits expertise
By Rocky Swift TOKYO (Reuters) – Japan’s Suntory Holdings is betting on its spirits expertise to boost its share in the U.S. canned cocktails market, said a senior official from the drinks[...]
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