Town Hall News

(Reuters) -Diageo Plc, the world’s biggest spirits company, on Monday said CEO-designate Debra Crew will assume the top role on an interim basis immediately as outgoing boss Ivan Menezes undergoes medical treatment. Long-time boss Menezes, who was set to retire at the end of this month, is currently in hospital receiving treatment for medical conditions including a stomach ulcer, the company said in a statement. “Over the weekend, we learned […]

ISTANBUL (Reuters) – Air fares are moderating as capacity returns to the global airline network after the pandemic, Qantas Chief Executive Alan Joyce said on Monday. Airlines have been enjoying high air fares globally as travel rebounds faster than expected. Joyce said Qantas expects to restore its international network to 100% of pre-COVID-19 capacity by next March with domestic operations reaching 115% next year. (Reporting by Tim Hepher; Editing by […]

(Reuters) – Danish drug developer Novo Nordisk said on Monday it had started talks to buy a controlling stake in French medical device designer Biocorp. The Danish company said it had entered into exclusive negotiations with Bio Jag, Biocorp’s main shareholder, for the purchase of its over 45% stake in the French company at a price of 35.0 euros ($37.44) per share in cash. The price represents a premium of […]

By Maria Ponnezhath and Clark Mindock (Reuters) -U.S. industrial conglomerate 3M Co and the city of Stuart, Florida are making “significant” progress to settle a water pollution suit tied to toxic “forever chemicals” and sought to delay a trial, according to a court filing on Sunday. 3M was scheduled to face trial in South Carolina federal court on Monday in a lawsuit brought by the Florida city accusing the company […]

OSLO (Reuters) – Goldman Sachs Asset Management (GSAM) has offered 6.6 billion Norwegian crowns ($598.8 million) in cash to buy Norwegian aquaculture service group Froy, the two companies said in a statement on Monday. GSAM said it had reached a deal to buy a 72% stake in Froy from a unit of salmon farmer Salmar for 76.50 crowns per share, and will make a bid for the rest of the […]

ISTANBUL (Reuters) – Air fares are moderating as capacity returns to the global airline network after the pandemic, Qantas Chief Executive Alan Joyce said on Monday. Airlines have been enjoying high air fares globally as travel rebounds faster than expected. Joyce said Qantas expects to restore its international network to 100% of pre-COVID-19 capacity by next March with domestic operations reaching 115% next year. (Reporting by Tim Hepher; Editing by […]

By Maria Ponnezhath and Clark Mindock (Reuters) -U.S. industrial conglomerate 3M Co and the city of Stuart, Florida are making “significant” progress to settle a water pollution suit tied to toxic “forever chemicals” and sought to delay a trial, according to a court filing on Sunday. 3M was scheduled to face trial in South Carolina federal court on Monday in a lawsuit brought by the Florida city accusing the company […]

PARIS (Reuters) – U.S. investment bank Morgan Stanley said on Monday that it expected the European Central Bank (ECB) to end its interest-rate hiking cycle in July at 3.75%. “We see the ECB ending its hiking cycle in July at 3.75%. Fiscal policy remains supportive,” it wrote in a research note. (Reporting by Sudip Kar-Gupta; Editing by Edmund Klamann) Brought to you by www.srnnews.com

BEIJING (Reuters) – A Chinese state-backed newspaper criticised the visit of a senior U.S. State Department official to China, saying his visit was motivated more by Washington’s own goal to portray itself as the side seeking communication and not Beijing. The United States has been trying to create an image as a responsible country by delivering a “goodwill message” to the outside world that it has been seeking communication with […]