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Pernod Ricard's sales fell in first half, trend improved in second quarter
PARIS, Feb 19 (Reuters) - French spirits maker Pernod Ricard PERP.PA reported a 5% decline in second-quarter like-for-like sales, as weak consumer demand and destocking in the United States and China continued to weigh.The fall, however, in the second quarter was not as bad as the 7.6% contraction r...Reuters
6 minutes ago
India AI summit stumbles as Bill Gates pulls out, chaos mounts
Gates' absence follows cancellation by Nvidia's HuangModi inaugurates summit alongside French President MacronSummit faces criticism for poor managementBy Munsif Vengattil and Aditya Kalra NEW DELHI, Feb 19 (Reuters) - Bill Gates pulled out of India's AI Impact Summit hours before his...Reuters
7 minutes ago
Insurer Aegon exceeds capital creation forecast with strong US momentum
Feb 19 (Reuters) - Aegon AEGN.AS, the owner of U.S. insurance brand Transamerica, said on Thursday it generated higher capital than the market had expected in the second half of 2025, mainly boosted by favourable conditions in the Americas division.The insurer's operating capital generation befo...Reuters
12 minutes ago
Nestle reports better-than-expected Q4 sales growth, plans ice cream sale
By Alexander Marrow LONDON, Feb 19 (Reuters) - Nestle NESN.S reported better than expected fourth-quarter sales growth on Thursday and said it was sharpening its focus to four businesses led by its strongest brands, a strategy that includes plans to sell off its remaining ice cream business to JV...Reuters
14 minutes ago
PRESS DIGEST-New York Times business news - February 19
Feb 19 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Saudi Arabia-backed artificial intelligence firm Humain has invested $3 billion in Elon Musk's xAI just before the startup was...Reuters
16 minutes ago
Trump administration expands ICE authority to detain refugees
By Ted Hesson and Devika Madhusudhanan Nair WASHINGTON, Feb 18 (Reuters) - The Trump administration has given immigration officers broader powers to detain legal refugees awaiting a green card to ensure they are "re-vetted," an apparent expansion of the president's wide-ranging crackd...Reuters
21 minutes ago
Valneva FY Total Revenues EUR 174.7 Mln
Feb 19 (Reuters) - Valneva SE VLS.PA:VALNEVA REPORTS PRELIMINARY UNAUDITED 2025 REVENUE AND CASH AND PROVIDES 2026 OUTLOOKFY TOTAL REVENUES OF EUR 174.7 MILLIONFIRST PHASE 3 DATA READOUT FOR LYME DISEASE VACCINE CANDIDATE ANTICIPATED IN FIRST HALF OF 2026TOTAL REVENUES FOR 2026 ARE EXPECTED IN RANGE...Reuters
27 minutes ago
Telegram dismisses Russian claims about encryption breaches by foreign intelligence
MOSCOW, Feb 19 (Reuters) - The Telegram messaging app said that it had not found any breaches of its encryption, dismissing a Russian government allegation that foreign intelligence services are able to see messages sent by Russian soldiers."The Russian government's allegation that our encry...Reuters
33 minutes ago
Nestle reports better-than-expected Q4 sales growth, plans ice cream sale
By Alexander MarrowLONDON, Feb 19 (Reuters) - Swiss consumer goods company Nestle NESN.S reported better than expected fourth-quarter sales growth on Thursday and said it was in advanced negotiations over the sale of its remaining ice cream business to Froneri as it continues to streamline its portf...Reuters
33 minutes ago
JPMorgan in talks to bank for Trump's Board of Peace, FT says
Feb 19 (Reuters) - JPMorgan JPM.N is in talks to provide banking services to the U.S.-led Board of Peace, an institution tasked with rebuilding Gaza, the Financial Times reported on Thursday, citing people familiar with the discussions. The bank has discussed providing services such as facilitating...Reuters
38 minutes ago
In Russia, many restaurants and cafes close as consumption stalls amid major slowdown
Russians cut discretionary spending amid economic slowdownHigh interest rates and taxes impact consumer spendingSome restaurants and cafes close in Moscow and other citiesBy Ekaterina Maksimova MOSCOW, Feb 19 (Reuters) - Restaurants and cafes are closing down in Russia at the fastest pace since t...Reuters
41 minutes ago
EXPLAINER-Will Bayer’s proposed $7.25 billion Roundup deal bring legal closure?
By Dietrich Knauth and Diana Novak Jones Feb 19 (Reuters) - Bayer’s Monsanto unit has proposed a $7.25 billion nationwide class settlement to resolve both current and future lawsuits alleging that its Roundup weedkiller caused cancer, billing it as a long-awaited path toward ending years of litig...Reuters
41 minutes ago
INSIGHT-Hamas tightens grip in Gaza as Trump pushes peace plan
Hamas appoints loyalists to key roles ahead of government handover Group's continuing influence over key Gaza power structures fuels scepticism about prospects of Trump’s peace planHamas says ready to hand over administration of Gaza to committee of technocrats Trump's Board of Peace to disc...Reuters
41 minutes ago
EXPLAINER-What is Trump's 'Board of Peace' and how have nations responded to it?
By Kanishka Singh and Simon Lewis WASHINGTON, Feb 19 (Reuters) - On Thursday, U.S. President Donald Trump will preside over the first meeting of his "Board of Peace," an initiative that has drawn praise from Trump allies but also criticism from countries worried that it will undermine the...Reuters
41 minutes ago
Airbus softens output goal amid Pratt & Whitney engine delays
PARIS, Feb 19 (Reuters) - Airbus AIR.PA softened its main jet production target on Thursday, citing "significant shortages" of engines from one of its main suppliers, RTX RTX.N unit Pratt & Whitney, as it reported a 17% rise in core fourth-quarter profits.The world's largest planemak...Reuters
an hour ago
Raksul raises Goldman-backed MBO bid 11%, extends tender period
TOKYO, Feb 19 (Reuters) - The management of Japanese digital printing firm Raksul 4384.T has raised its buyout offer price for the company's shares to 1,900 yen from 1,710 yen apiece, it said in a release on Thursday.The company also extended the tender offer period to March 9 from Thursday, hav...Reuters
2 hours ago
JPMorgan in talks to bank for Trump's Board of Peace, FT says
Feb 19 (Reuters) - JPMorgan JPM.N is in talks to provide banking services to the U.S.-led Board of Peace, an institution tasked with rebuilding Gaza, the Financial Times reported on Thursday, citing people familiar with the discussions.Reuters could not immediately verify the report.Reuters
2 hours ago
Trump to preside over first meeting of Board of Peace with many Gaza questions unresolved
Trump's Board of Peace excludes Palestinian representatives$5 billion raised for Gaza reconstruction fund, UAE and Kuwait contributeInternational Stabilization Force planned, disarming Hamas remains a challengeBy Steve Holland, Simon Lewis and Samia Nakhoul WASHINGTON, Feb 19 (Reuters) - U.S....Reuters
2 hours ago
Japan's 20-year bonds take first super-long auction since election in stride
By Junko Fujita TOKYO, Feb 19 (Reuters) - Japan's 20-year bond yield held steady on Thursday, barely reacting to a modestly firm auction of the same maturity, the first after Prime Minister Sanae Takaichi's tax-cut pledge had sent its yield to record highs last month.The 20-year Japanese ...Reuters
2 hours ago
