Andrew, 35, Oregon Employment status: I work in the service industry — business dining, to be more specific. I was placed on furlough as of June 1, with our employer picking up health care premiums through the end of August, if you are on their plans. Luckily, I am on my wife’s plan which not … Read more
Lars Fruergaard Jørgensen, CEO of Novo Nordisk, speaks during an interview in New York on Aug. 10, 2022. Christopher Goodney | Bloomberg | Getty Images Novo Nordisk‘s top executive is slated to face a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand … Read more
Business & FinanceCommodities 15 July 2024, 2:09 pm 1 minute Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market. Market Impact Global cocoa prices soared this year after … Read more
Business & Finance 17 July 2024, 1:57 pm 1 minute Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators’ scrutiny of PwC this year for its role as … Read more
Getty Images Customers of retail bank TSB have taken to social media to say they have had problems with payments not going through to their accounts. Many said they had not received their child benefit on Tuesday, while others said they had not received their salaries. The bank said it was working on a fix … Read more
BBC Some residents in Torquay said they were worried they could face paying more overall when the trial started Some people put on a trial scheme to reduce water usage have said they were being “forced” to take part, as they could not opt out. The South West Water (SWW) trial involves two new tariffs … Read more
Business & Finance 23 July 2024, 9:11 am 1 minute Reuters exclusively reported that Europe’s top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth to take more aggressive steps to monitor its suppliers’ treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior. Market … Read more
Business & FinanceDeals 24 July 2024, 7:44 am 1 minute Reuters exclusively reported that the United States and Vietnam are discussing the sale of Lockheed Martin C-130 Hercules military transport planes to Hanoi, in a sign of closer security cooperation between the two former foes. Market Impact The discussions show the United States’ growing efforts to gain … Read more
Business & Finance 24 July 2024, 9:31 am 1 minute Reuters exclusively reported that Lineage, the world’s largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year. Lineage priced just under 57 million shares in New York at $78 … Read more
Reuters was first to report that a meeting of top OPEC+ ministers kept oil output policy unchanged including a plan to start unwinding output cuts from October. The oil producing group took the decision despite sharp oil price falls in recent weeks amid global demand concerns. Brent crude futures fell on the news settling down … Read more