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European Briefing - Tuesday 20.10 Headlines Commentary Files & Links LS PREVIEWS/REPORTS LS Focus On The Week Ahead LiveSquawk Weekly Fixed Income Supply Preview German ZEW Investor Outlook Set To Slip As Energy Cost Rise DATA China Keeps Loan Prime Rate Unchanged, As Expected WAR NEWS US DefSec Hegseth Meets Netanyahu On Unannounced Israel Visit - Axios Military Leaders Brace For Release Of Hegseth’s Afghanistan Review - WP Trump Says He’s Open To Meeting Xi, Putin In China For Nuclear Talks...
Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT
BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place.
5.9 magnitude earthquake shakes Pakistan and Afghanistan, no damage reported
A magnitude 5.9 earthquake has struck parts of Pakistan and Afghanistan, causing panic among residents.
5.9 magnitude earthquake shakes Pakistan and Afghanistan, no damage reported
A magnitude 5.9 earthquake has struck parts of Pakistan and Afghanistan, causing panic among residents.
Rapid earthquake magnitude classification via P-wave strains from borehole strainmeters and Distributed Acoustic Sensing
Distributed Acoustic Sensing (DAS) offers a promising approach for earthquake early warning (EEW) in settings where seismic networks are costly to maintain. By repurposing fiber-optic cables as dense strainmeter arrays, DAS enables real-time earthquake detection wherever those fibers are accessible.
Distributed Solar Has Pushed Up Pakistan’s Electricity Demand By A Fifth In Two Years
Welcome to EcoTopical Your daily eco-friendly green news aggregator. Leaf through planet Earths environmental headlines in one convenient place. Read, share and discover the latest on ecology, science and green living from the web's most popular sites.
Climate & Biodiversity News (April 2026)
By Jared Green Do Americans Worry About Climate Change? New Polling Shows Concern Is at a Near Record High, April 15, Time Magazine According to a new survey from Gallup, 44 percent of Americans "worry a great deal" about climate change, a near record high since the organization started polling on environmental concerns in 1989. The survey also found 66 percent of Americans think the environment is worsening and 61 percent think the effects of climate change are already happening.
A Fifth Of NYC Built On Bygone Water Now At Risk: Study Maps City's 'Blue Zones'
Researchers identified more than 500 places in NYC where water was, where it floods and that will get worse due to climate change.
India's Modi Plans Additional Tariff Cuts Ahead Of Trump Meeting
Indian Prime Minister Narendra Modi is planning further tariff concessions before his meeting with United States President Donald Trump, aiming to boost American exports to India and prevent a possible trade war, government officials said. Modi’s trip to the U.S. on Wednesday and Thursday comes as Trump plans to announce reciprocal tariffs on many countries, a move aimed at reshaping global trade relationships in favour of the United States.
Chinese Marriages Fell By A Fifth In 2024, Worsening Birthrate Fears
Marriages in China slid by a fifth last year, despite government efforts to encourage young couples to wed and have children amid a declining population. More than 6.1 million couples registered for marriage last year, down from 7.68 million a year earlier, figures from the Ministry of Civil Affairs showed. Declining interest in getting married and starting a family has long been blamed on the high cost of childcare and education in China.
Marriages In China Down By A Fifth In 2024: Government
China last year saw a one-fifth decline in marriages, the latest sign of persistent demographic challenges as Beijing works to encourage births despite an uncertain economic outlook for young families. The country saw 6.1 million couples register for marriage in 2024, down from 7.7 million the previous year, according to data published by the Ministry of Civil Affairs.
Nippon Steel Considers Shift In U.S. Steel Acquisition Strategy
Japan’s Nippon Steel is reportedly considering a shift in strategy from its earlier plan to acquire U.S. Steel, according to Chief Cabinet Secretary Yoshimasa Hayashi on Monday. The company, however, declined to provide any comments. “We are aware that Nippon Steel is not looking at this as a mere acquisition, but is considering a bold proposal that is completely different from anything it has done in the past,” Hayashi told reporters.
Ola Electric Q3 Results: Loss Widens To Rs 564 Crore, Revenue Shrinks By A Fifth
Ola Electric Mobility Ltd. saw its loss widen and revenue shrink as a slump in sales impacted financials of India's largest electric two-wheeler maker. Consolidated net loss of the billionaire Bhavish Aggarwal-led company widened to Rs 564 crore in the three months ended Dec. 31, as against Rs 376 crore in the year-ago period, even as revenue fell 19.4% to Rs 1,045 crore, according to an exchange filing on Friday.
Microsoft's Ad Revenue Grows By A Fifth
Microsoft's search news and advertising revenue climbed by 21 per cent in the final quarter of 2024, the company has revealed in its latest investor filings. "The investments we have made in improving our ad rates are paying off, and advertisers increasingly see our network as an essential platform to optimise ROI," said Microsoft CEO Satya Nadella in an earnings call. The actual amount that Microsoft brings in through advertising sits somewhere between US$13 and 14 billion annually.
Experts Discover The Daily Drink That Can Cut Bowel Cancer Risk By A Fifth
It’s long been known that milk is good for your teeth and bones. Now, experts have discovered that having a glass a day can also slash your risk of bowel cancer by nearly a fifth, according to a study of over half-a-million women. An additional 300mg of calcium a day – about the amount in a large glass of milk – could be linked to a 17 per cent decrease in the risk of bowel cancer, according to new research.
Seven & i Aims To Convince Investors It Can Deliver On Its Own
Japan's Seven & i will be looking to convince shareholders it can deliver long-term growth on its own when it speaks to them on Thursday (24 October), after announcing a sweeping break-up plan designed to ward off a $47 billion takeover offer. The 7-Eleven owner is due to hold an 'investor day' briefing with analysts and investors and will take questions on its global and domestic convenience store businesses.
Boohoo CEO Quits After Overseas Sales Fall By A Fifth
The CEO of Boohoo is to step down after the British e-commerce firm reported a sharp drop in the value of its overseas sales. John Lyttle, who has been at the helm of the London-listed business for the past five years and previously worked as chief operating officer of Primark, has presided over a roughly 90% drop in the value of the Boohoo’s share price over the period.
Government Orders Probe As Car Insurance Premiums Rise By A Fifth In TWO Years
The Government has demanded answers to why the cost of car insurance has risen by 21 per cent in the past two years. Insurers will also be quizzed on those hardest hit by rising costs, including ethnic minorities, those on lower incomes and elderly and young drivers. A taskforce has been drawn together by transport secretary Louise Haigh and economic secretary to the Treasury Tulip Siddiq.
Online Shopping Returns To Growth In Europe
Recovering consumer confidence has boosted online shopping in Europe this year, industry group Ecommerce Europe said on Wednesday, while low-cost marketplaces like PDD Holdings' Temu have heightened competition. Inflation has hurt shoppers' spending power around the world and helped fuel rapid growth in online platforms selling cheap products.
Rabtrolley – Still On The Road To Sustainability | ESM Magazine
Rabtrolley is perhaps the best-known brand producing shopping trolleys from 100% recycled plastic. The company offers three main design lines: Eko Black: Plastic sourced from recycling Rabtrolley’s own production waste. Eko Colour: Raw material made from industrial waste from external sources, allowing the basket to be produced in every possible colour. Save the Sea: Trolleys and baskets produced from raw materials recovered from marine waste.
Japan's Seven & i Unveils Restructuring Plan As $47-bn Couche-Tard Bid Looms
Seven & i Holdings has announced a roadmap to hive off underperforming businesses and focus on its convenience store operations, as the retailer aims to fend off a $47-billion takeover bid from Canada's Alimentation Couche-Tard. The Japanese operator of 7-Eleven stores is facing pressure to convince investors it can enhance value after having rejected Alimentation Couche-Tard's (ACT) first bid in August, which it said undervalued the company and its growth potential.
Eurocash Sets Up Retail Purchasing Group Równi w Biznesie
Poland's Eurocash Group has created a retail purchasing group - Równi w Biznesie - as it seeks to offer customers quality products and reasonable prices. All companies operating retail chains associated with the Eurocash Group have signed a declaration on joining the purchasing group, the company noted. In total, it includes about 15,500 franchise and partner outlets, or as many as one-fourth of all grocery shops in Poland, excluding specialist shops and petrol stations.
Retail Titans Urge Chancellor To Cut Business Rates By A Fifth
Major British retailers including Tesco, Sainsbury’s and Marks & Spencer have urged Rachel Reeves to slash business rates by a fifth. More than 70 high street bosses called on the Chancellor to cut retail property taxes amid fears of shop closures. In a letter to Reeves ahead of the October 30 Budget, the retail titans said their industry pays ‘more than its fair share’ and has been the ‘golden goose’ for the tax office.
Having An Older Brother Increases The Odds Of Being Gay By A Fifth, According To A Major Study
0 You are more likely to be gay if you are a younger brother, according to a new study of 200,000 Britons. The researchers found that having older brothers and sisters was associated with sexuality. While previous studies have shown the link between being gay and having older brothers, this is the first time the same association has been identified for older sisters. Scientists discovered that the bond strengthens the more older brothers a man has.
Glanbia Reiterates Full-Year Guidance After 'Strong' Performance In First Half
Nutrition firm Glanbia has reiterated its full-year guidance after reporting a 'strong' first half with adjusted EPS growth of 12.4% on a constant currency basis. Group revenue at Glanbia fell 1.1% year on year, to $1.82 billion, in the first half, while group EBITDA increased 12.8% at constant currency to $261.6 million. Glanbia Performance Nutrition (GPN) reported a 0.8% fall in revenue on a like-for-like in the first half, with volume growth of 3.1% and a pricing decline of 3.9%.
FrieslandCampina Reports Growth In Operating Profit In First Half
Dutch dairy giant FrieslandCampina has reported an increase in operating profit to €301 million in the first half of 2024, from €47 million in the corresponding period last year. This 'significant' increase was driven by improvement in volume mix, less expensive inventories, smaller differences between commodity dairy prices and the guaranteed price, and cost-saving measures implemented by the company.
Coop Switzerland Implements New Measure To Prevent Food Waste
Coop Switzerland is freezing select fresh meat products that are on the use-by date and offering them at a reduced price as part of its efforts to prevent food waste in the fresh meat category. Fresh meat products that are suitable for freezing, such as minced meat, chicken breast or entrecôte, can be kept for another 90 days if stored properly in the deep-freeze, the company added. These frozen meats offer the same quality as their fresh counterparts at half the price.
SULAPRO Carrot Juicer: An Efficient, Profitable Juicing Solution For Supermarkets
SULAPRO Carrot Juicer, the world's first commercial self-service carrot juicer, brings to the consumer freshly pressed, healthy, 100% natural carrot juice. Developed especially for supermarkets, the SULAPRO Carrot Juicer transforms the time-consuming and messy process of juicing carrots at home into a quick and eye-catching self-service experience at the store.
South African Orange Exports Hit By Bad Weather
South Africa has cut its orange export forecast for the 2024 season due to bad weather in key growing regions, the country's citrus growers' association said, as a global orange juice squeeze drives prices to record highs. South Africa's bleak orange export forecast comes at a time when Brazil, the world's top orange producer and orange juice exporter, is on track for its worst harvest in three decades due to a combination of bad weather and citrus disease.
Consum Increases Purchase Of Local Stone Fruit By A Fifth
Spanish cooperative Consum has increased the purchase of locally sourced stone fruit by a fifth (20%) this season to exceed 7,000 tonnes. Consum sources a majority of its stone fruit from the Valencian Community and Catalonia. Other regions that have also contributed include Murcia, Andalusia, Extremadura and Aragon. The retailer has increased its purchase of peaches and apricots by almost 25% compared to last year; and plums and peaches by 12% and 15%, respectively.
Żabka's Impact On Polish Economy Grows 30% In 2023, Study Finds
Żabka's ESG activities generated an added value of PLN 9.1 billion (€2.14 billion) in 2023 in Poland, contributing significantly to the country's economy during the year. The amount marks an increase of more than 30% year-on-year compared to 2022, according to Żabka's recently published ESG report.
Żabka To Open Over 140 Seasonal Stores This Summer
Polish retailer Żabka plans to open more than 140 seasonal stores this summer as it seeks to offer a better customer experience. Żabka will launch nearly 30 seasonal container stores and 116 seasonal stationary outlets in 2024, the company said in a statement. A majority of the outlets will be located in towns on the Baltic Sea, including 11 stores in Łeba and nine in Mielno. Seasonal outlets will also operate near lakes and resorts located close to lagoons, the retailer added.
Jerónimo Martins Helps Delta Q Expand To Slovakia
Portugal’s Grupo Nabeiro-Delta Cafés has teamed up with Jerónimo Martins to bring Delta Q coffee capsules to Slovakia. This expansion follows a strong performance in Poland, where coffee capsule sales now account for 15% of Nabeiro's business and Delta Q holds a 25% market share – thanks to its exclusive partnership with Biedronka supermarkets, owned by Jerónimo Martins.
J&J To Exit Spinoff Kenvue With Latest Stake Sale
Tylenol maker Kenvue has said that Johnson & Johnson will sell its remaining 9.5% stake in the company, about a year after the healthcare conglomerate spun off and listed its consumer health business. Based on Kenvue stock's last close, the offering of 182.3 million shares would be worth about $3.75 billion, according to Reuters calculation. Kenvue's shares were down 1.2% in premarket trading. J&J shares were largely unchanged.
Eroski Reports Sales And Profit Growth In FY 2023
Spain's Eroski Group has reported growth in profit and volumes in its full financial year 2023, with operating profit increasing by more than a quarter (+26.9%) to €259 million compared to the previous year. Gross sales rose 6.3% year on year to €5.7 billion despite a 1.2 percentage point reduction in gross margin due to measures implemented by the company to mitigate passing on higher costs to consumers.
Proportion Of Sustainable Cocoa In German Confectionery Remained Stable In 2023
The proportion of cocoa produced in line with sustainability criteria in confectionery sold in Germany was stable at 81% in 2023, according to the Federation of the German Confectionery Industry (BDSI). Dr Carsten Bernoth, managing director of the BDSI, stated, "From a modest start at around 3% in 2011, the confectionery industry has made considerable progress.
Casino Sells Remaining 10.15% Stake in Energy Unit GreenYellow
French food retailer Casino said it has sold 10.15% of its remaining stake in renewable energy unit GreenYellow for €46 million to investment fund Ardian and French state-backed investment bank Bpifrance. In July 2022, Casino and partners agreed to sell a majority stake in GreenYellow to Ardian, based on an enterprise value of €1.4 billion.
MOL Group Sees Margins Improve In Consumer Services Division
Fuel operator MOL Group has said that its non-fuel margins, from gastro, grocery and non-food sales, saw a 'continuing improvement' in the first quarter of its financial year. The group's Consumer Services division, which operates its forecourt estate, continued to open new Fresh Corner sites in the period, with the number of locations rising to 1,260, from 1,172 in the corresponding period last year.
Dino Polska Sees Revenue Up By A Fifth In First Quarter
Dino Polska has reported a 20.3% year-on-year increase in full-year revenue to PLN 6.7 billion (€1.6 billion) in the first quarter of its financial year. Fresh products accounted for 41% of Dino Polska's revenue, particularly fruit and vegetables, bread and the fresh meat produced by the Agro Rydzyna meat processing plant, the company noted.
‘Winter Washout’ Could Cut Harvests By A Fifth And Drive Up Prices
Harvests of key crops in the UK could be down by nearly a fifth this year due to the recent unprecedented wet weather, increasing the likelihood that the price of items such as bread, beer and biscuits will increase. New analysis by the Energy and Climate Intelligence Unit (ECIU) estimates that the production of wheat, barley, oats and oilseed rape may be down by 4m tonnes compared to 2023, a reduction of 17.5%. Compared to the 2015-2023 average, the decline would be over 5m tonnes, or 21.2%.
channelnews : Is Netflix’s Decision To Stop Reporting Subscriber Numbers A Case Of Smoke And Mirrors?
In a surprise move, Netflix announced last week that it would stop announcing subscriber numbers from 2025. Investors punished that decision with its stock stepping off a ledge and falling 9 per cent on Friday. Never mind that Netflix had, in fact, announced that it had added 9.33 million customers in the first quarter of this year, taking its subscriber base to nearly 270 million – up 16 per cent during the past 12 months.
channelnews : Australian Consumer Spending On Home Electronics Down By A Fifth
A new finding has shed light into the retail activities and trends among consumers and businesses that within Australia. The Future of Retail: A Roy Morgan Business Address has outlined a number of factors in play within the country’s retail sector including how Australians are adjusting their spending, which are the growth avenues and the retailers which are getting their strategies right.
Metro AG CEO Dr Steffen Greubel Discusses The Group's Wholesale Revolution
Stephen Wynne-Jones travels to Düsseldorf to meet Dr. Steffen Greubel, chief executive of wholesale giant METRO AG. This article first appeared in ESM's March/April 2024 edition. ‘Wholesale. Everywhere. Every time.’ These words are printed in large capital letters at the entrance to METRO AG’s headquarters in Düsseldorf, to remind colleagues, visitors and business partners of the group’s steadfast focus of the past few years: to become the go-to name in wholesale on a global level.
Frostkrone Food Group To Participate In FOODEX Japan
The Frostkrone Food Group is ramping up its continuously growing commitment to serving the Asian market by participating in this year’s FOODEX in Japan – Asia’s largest food and beverage trade exhibition. Such an event will provide the group with an excellent platform on which to showcase its latest finger food and snack innovations and will also facilitate interesting discussions with business partners.
Beiersdorf Reports 'Record' Sales Of €9.5bn In FY 2023
Skincare company Beiersdorf has reported doubt-digit organic sales growth of 10.8% in its financial year 2023 to a 'record high' of €9.5 billion. EBIT, excluding special factors), for the period increased to €1.27 billion from €1.15 billion in 2022, resulting in an increased EBIT margin of 13.4%, from 13.2% in the previous year, the company added.
Haleon Reports Sluggish First-Quarter Growth
British consumer healthcare giant Haleon said that its first-quarter organic revenue growth would slow, citing a tepid cold and flu season and cooling China demand. Despite price increases, Haleon's roster of products has largely kept cheaper private-label competition at bay, although the cost-of-living squeeze and competition among painkiller brands are allowing rivals to catch up.
Beyond Meat To Increase Prices, Cut Costs 'Steeply' In 2024
Beyond Meat said it would ramp up product prices and 'steeply reduce' costs this year after topping market expectations for quarterly revenue. Beyond Meat, which supplies its plant-based meat patties to fast food chains such as McDonald's and Yum Brands, said it would increase prices on some of its product lines from the second quarter in a bid to restore margins.
Reckitt Misses Fourth-Quarter Like-For-Like Net Sales Expectations
Consumer goods group Reckitt missed fourth-quarter like-for-like net sales expectations with some investors criticising the company's 'vague' outlook for this year. Reckitt shares slumped to their lowest point ( down 10%) since March 2020, early in the COVID-19 pandemic. The maker of Nurofen pain medication and Dettol cleaning products said it recently identified 'an understatement of trade spend in two Middle Eastern markets related to the fourth quarter and prior quarters of 2023'.
Glanbia Sees Decline In Full-Year Revenue, EPS Up By A Fifth
Nutrition group Glanbia has reported group revenues of $5.4 billion (€5.02 billion) in its full year 2023, representing a decline of 8.7% compared to the previous financial year. However, the company's adjusted earnings per share (EPS) increased by 20.5% at constant currency to 131.37 cents. Glanbia's pre-exceptional profit after tax for continuing operations amounted to $298.1 million (€277.35 million), up 21.1% at constant currency.
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