COVID-19 vaccines and tests for the virus continue to boost CVS Health and the health care giant raised its annual forecast after yet another strong quarter. The drugstore chain and pharmacy benefit manager also processed more prescriptions and added customers to its health insurance business in a better-than-expected performance. The company said Wednesday that it…
The European Union’s executive commission has proposed phasing out imports of Russian oil within six months. It is part of Europe’s struggle to stop paying Russia $850 million a day for energy and hit the Kremlin’s finances over its invasion of Ukraine. But reversing decades of dependence on Russian oil and natural gas is not…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday. Maersk put its 30.75% share of Global Ports up for sale as it…
(Reuters) – Canadian retailer Loblaw Cos Ltd missed Wall Street estimates for first-quarter revenue on Wednesday, signaling that pandemic-led demand for groceries and drugs were waning from its peak. Consumers returning to restaurants and outdoor activities and spending less time cooking at home due to easing COVID-19 restrictions has slowed sales growth at grocery retailers…
MADRID (Reuters) – The number of people registering as jobless in Spain fell 2.77%in April to 3.02 million people, the lowest level since July 2019, as hirings sped up and took formal jobs to over 20 million for the first time ever, official data showed on Wednesday. Most sectors added jobs in the month, and…
By James Davey LONDON (Reuters) -British online fashion retailer Boohoo warned sales growth would slow this year, hit by a squeeze on consumer spending, higher product return rates and continuing supply chain and delivery problems, sending its battered shares even lower on Wednesday. Shares in the group, which sells clothing, shoes, accessories and beauty products…
WASHINGTON (AP) — President Joe Biden on Wednesday highlighted new figures showing the government’s red ink will grow less than expected this year and the national debt will shrink this quarter as he tried to counter criticism of his economic leadership amid growing dismay over inflation going into midterm elections that will decide control of…
By Christoph Steitz and Jan Schwartz FRANKFURT (Reuters) -Volkswagen, Europe’s top carmaker, on Wednesday stuck to its outlook for 2022, shrugging off supply chain disruptions caused by the war in Ukraine and the pandemic by drawing on its global production network. Global carmakers, like most industrial sectors, face a scarcity of key components in the…
By Huw Jones LONDON (Reuters) – Global stocks were little changed on Wednesday as investors kept their powder dry ahead of an expected interest rate hike by the U.S. Federal Reserve, whose accompanying statement will help determine next moves in financial markets. The MSCI global stocks index was down 0.1%, while the STOXX index of…
By Toby Sterling AMSTERDAM (Reuters) – Just Eat Takeaway.com NV said on Wednesday two of its most senior leaders were to step down, just hours before Europe’s largest online meal delivery company was due to face off with unhappy shareholders at its annual meeting. Supervisory Chairman Adriaan Nuehn, whose position had been under pressure, will…
