(Reuters) – Honeywell International Inc will pay $1.3 billion to end asbestos-related claims stemming from its former unit, the industrial giant said on Friday, helping it reduce its environment[...]
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Updated
China’s COVID woes keep European stocks under pressure
(Reuters) – European shares slipped on Monday, with economically sensitive sectors like mining and industrials leading the losses on worries about the impact of surging COVID-19 cases in China.[...]
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Cathay Pacific to raise staff pay by 3.3%, offer bonuses -CEO memo
By Jamie Freed (Reuters) – Cathay Pacific Airways Ltd will increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month’s salary to Hong Kong-based s[...]
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Simon & Schuster’s owner to let sale to Penguin fall apart, sources say
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Book-publishing powerhouse Simon & Schuster’s owner will let its $2.2 billion sale to Penguin Random House collapse on Monda[...]
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Collapsed FTX owes nearly $3.1 billion to top 50 creditors
(Reuters) -Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its to[...]
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Swiss bank Julius Baer set to meet targets despite market fall
ZURICH (Reuters) -Julius Baer on Monday said it was on track to reach its 2022 profitability targets, even though “challenging market” conditions have shrunk its assets. Assets under manag[...]
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Budweiser World Cup campaign curbed, not crashed, by Qatar beer ban
By Philip Blenkinsop BRUSSELS (Reuters) -A last-minute decision to ban the sale of alcohol at Qatar’s World Cup stadiums will seriously limit Budweiser sales in the Gulf state, but will not dera[...]
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Take Five: Black Friday test
(Reuters) – The most important day for U.S. retailers is here and questions are rife on whether king dollar is set to lose its crown. Global purchasing managers data will shine a light on the he[...]
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Chinese carmakers target more European sales with five-star EVs
By Nick Carey SOLIHULL, England (Reuters) – Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars th[...]
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