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Puma reports Q1 operating profit beat helped by inventory clearance

April 30 (Reuters) - German sportswear maker Puma on Thursday reported a first-quarter operating profit that beat expectations, supported by inventory clearance and lower operating expenses. Its earnings before interest and taxes (EBIT) rose 19.6% to 51.9 million euros ($60.53 million), compared with analysts' estimates ...
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Analysis: US blockade is squeezing Iran’s all-important oil industry

DUBAI, United Arab Emirates (AP) - Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and ...
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Unilever beats sales forecasts as home and beauty brands drive growth

April 30 (Reuters) - Unilever's first-quarter underlying sales growth beat expectations on Thursday, driven by a return to volume-led growth in emerging markets and strong demand for its "power brands" including Dove and Vaseline as it wins back customers. The London-listed consumer goods giant, with ...
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Glencore first-quarter copper output jumps 19%, marketing unit set to exceed target

LONDON, April 30 (Reuters) - Glencore said on Thursday its first‑quarter copper production rose 19%, benefiting from improved ore grades in Africa, while its marketing division remains on track to exceed the top end of its annual earnings guidance. The Swiss-based commodities trader and miner ...
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Experts warn of rising lead risks in Africa’s solar energy boom

NAIROBI, Kenya (AP) - Years after a lead acid battery recycling plant shut down in Kenya's coastal city of Mombasa, residents of Owino Uhuru say they are still suffering from lead poisoning, a growing public health risk as Africa's clean energy boom drives a ...
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Remy breaks years of sales declines and still disappoints

By Emma Rumney LONDON, April 30 (Reuters) - Remy Cointreau reported positive annual sales on Thursday for the first time since 2023 but still fell short of forecasts, undermining CEO Franck Marilly's promise to start a "new era" for the French spirits maker this year. ...
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Fed chair nominee Kevin Warsh advances to Senate confirmation vote

(WASHINGTON) -- A Senate committee on Wednesday voted to advance Fed chair nominee Kevin Warsh, clearing a key hurdle in his path to replace Fed Chair Jerome Powell before his term ends next month. Warsh's nomination will move to a confirmation vote on the ...
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Fed expected to hold interest rates steady

(NEW YORK) -- The Federal Reserve on Wednesday will issue its latest announcement on interest rates as gasoline prices in the U.S. reach their highest level in four years. The move marks what may be the central bank's final decision on borrowing costs under ...
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Canada will be the headquarters for a future NATO-linked financial institution, official says

TORONTO (AP) - Canada has been selected as the headquarters for a new, financial institution led by NATO and designed to reduce borrowing costs for members of the alliance, a senior government official said on Wednesday. According to the official, the decision was reached ...
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Who was invited to dinner with King Charles: Justices, business leaders and Palm Beach friends

WASHINGTON (AP) - It was the hottest ticket in town - a white-tie dinner with King Charles III and Queen Camilla at the White House, where nearly 130 guests dined on Dover sole meunière and sampled a beehive-shaped chocolate dessert with honey from the ...
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Amazon beats quarterly cloud growth estimates

April 29 (Reuters) - Amazon.com topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, driven by strong enterprise spending on its cloud computing services as companies step up artificial intelligence adoption. Revenue at Amazon Web Services (AWS) jumped 28% to $37.6 billion ...
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Elon Musk gets an apology from California regulators as a SpaceX lawsuit is settled

LOS ANGELES (AP) - California regulators apologized to SpaceX CEO Elon Musk this week as they settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executive. As part of the settlement, the California Coastal Commission ...
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