LONDON (Reuters) – Amazon’s food retail business in Britain faces increased regulation after the competition watchdog said rules setting out how grocers should treat their suppliers will now apply to the U.S. giant. The Competition and Markets Authority (CMA) said on Wednesday that due to Amazon’s increasing activity in the UK grocery sector it must…
By Aditi Shah NEW DELHI (Reuters) – Global automaker Toyota Motor and fast food chain Domino’s Pizza are among half a dozen companies that have apologised to India for social media posts from their Pakistani partners expressing support for disputed Kashmir, as more companies got caught up in the diplomatic fracas. The apology comes after…
DETROIT (AP) — Tesla is recalling nearly 27,000 vehicles in the U.S. because the cabin heating systems may not defrost the windshield quickly enough, cutting visibility and increasing the risk of a crash. The latest in a series of recent recalls covers certain 2021 and 2022 Models 3, S, and X, and some 2020 through…
COVID-19 vaccines and the return of customers to stores helped push CVS Health well past fourth-quarter earnings expectations. But the pandemic’s unpredictability is making the drugstore chain and pharmacy benefit manager cautious. It did not raise a 2022 forecast it laid out in December, and its shares slid on Wednesday. Vaccines that boosted fourth quarter…
By Rowena Edwards LONDON (Reuters) -Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market. Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT. U.S. West Texas Intermediate crude fell 43…
(Reuters) -CVS Health Corp’s quarterly profit rose 34.2% on Wednesday, helped by Omicron-spurred demand for COVID-19 tests and vaccinations. The company administered over 8 million COVID-19 tests and more than 20 million coronavirus vaccines across the U.S. during the quarter, CVS said. Net income attributable to the company’s shareholders rose to $1.31 billion, or 98…
TOKYO (AP) — Japan has decided to divert some of its gas reserves to Europe amid growing concern over possible disruptions of supplies due to the Ukraine crisis, Economy, Trade and Industry Minister Koichi Hagiuda said Wednesday. The decision was made at the request of the United States and European Union and is intended to…
BRATISLAVA, Slovakia (AP) — Slovakia’s parliament and president on Wednesday approved a defense military treaty with the United States. The Defense Cooperation Agreement passed 79-60 in the 150-seat legislature in a vote split between lawmakers from the four-party ruling coalition and the opposition. The treaty allows the U.S. military to use two Slovak air force…
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company said Wednesday that 2021 was its most profitable year yet, with Denmark’s A.P. Moeller-Maersk bringing in $18.7 billion as surging demand from a rebounding global economy led to supply chain logjams. Profits before taxes soared last year from $3.3 billion in 2020, while 2021 revenue came…
(Reuters) -Global farm commodities trader Bunge Ltd reported a 17.1% rise in fourth-quarter adjusted profit on Wednesday, bolstered by strength in its core agribusiness as well as refined and specialty oils segments. Bunge’s results offer the latest look into how multinational grain companies have weathered shifts in demand and supply chain disruptions caused by the…
