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Packaging giant DS Smith warns of a recycling crisis in the… MARKET REPORT: Investors hope to make a packet as Mondi… DS Smith profits drop 38% as material shortages and higher… Cardboard maker DS Smith profits surge 80% amid online…
The Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade agreement including China, Japan and Australia entered into force at the start of 2022, just over a year after it was signed.
Twitter takeover moves a step closer as board urges… ‘I might have a proper holiday!’ The only woman to run City… Nuclear project is plunged into crisis as French giant EDF… Inflation hits 9.1% as Bank of England’s chief economist…
Chief executive Miles Roberts said the firm’s impressive performance came against ‘another year of volatile trading conditions where we have worked through the tail-end of the pandemic and, more recently, the tragic events of the Russian invasion of Ukraine’.
BOGOTA — The election of Colombia’s first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, Novel Books but the former guerrilla will need to act fast to reassure investors.
The election of a former guerrilla marks a radical change for a country still scarred by decades of conflict and highlights the depth of frustration with a right-leaning political establishment accused of overseeing a wide gap between rich and poor.
DS Smith’s largest customers include Amazon, one of the most notable beneficiaries of the pandemic-induced boom in online retail, as well as supermarket chain Tesco, which renewed its partnership with the group last October.
BRUSSELS, June 20 (Reuters) — Fifteen European Union governments called on Monday for the bloc to accelerate the conclusion of free trade agreements to ensure its long-term economic growth and geopolitical standing in the world.
Shares of Kellogg rose almost 4% to $70.15 in morning trading Tuesday. (AP) — Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. The snack company __ which accounts for 80% of Kellogg´s sales __ will have its corporate headquarters in Chicago. Kellogg´s, which also owns plant-based food maker MorningStar Farms, said Tuesday that the spinoff of the yet-to-be named cereal and plant-based foods companies should be completed by the end of next year.
The cereal and plant-based food companies will remain headquartered in Battle Creek, Michigan, where Kellogg was founded in 1906.
In a letter to EU Trade Commissioner Valdis Dombrovskis seen by Reuters, 15 economy, foreign and trade ministers said the Ukraine war and the COVID-19 pandemic underscored the need for resilient supply chains, strategic partnerships and open trade.
The EU struck an accord struck with the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay in 2019, but put it on hold due to concerns about Amazon deforestation. A new agreement with Mexico, from 2018, has yet to be submitted for EU approval.
And at a policy meeting last week, Powell announced an unusual last-minute switch to a bigger interest rate hike than he had previously signaled — and then followed with a news conference that many economists described as muddled and inconsistent. As threats to the U.S.
economy have mounted, Novel Books though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proved higher and far more persistent than he or the Fed´s staff economists had foreseen. WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession.
The S&P 500 rose 2.4%. Markets will be closely watching congressional testimony this week from Federal Reserve Chair Jerome Powell for more clues about the Fed´s thinking about inflation and future interest rate hikes.
The yield on the 10-year Treasury note rose to 3.30%. The tech-heavy Nasdaq climbed 2.5% and the Dow Jones Industrial Average added 2.1%. It´s still 21.5% below the record high it set in January.
Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that Chief Executive Jose Mauro Coelho had resigned on Monday morning and an interim CEO would now be appointed for the board’s consideration.
SAO PAULO — The boat used by killed British journalist Dom Phillips and Brazilian indigenous expert Bruno Pereira to travel to Brazil’s Amazon was found on Sunday evening, Ebook authorities said in a press statement.
SAO PAULO — The chief executive of Brazil’s state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year.
Revenues at the packaging business climbed by £1.5billion at constant currency levels in the year ending 30 April, with over 80 per cent of the rise attributed to higher selling prices for boxes, paper and recycling.