Stuff that matters
Germany’s top economic institutes cut their joint forecast for 2021 growth in Europe’s largest economy to 2.4% on Thursday as supply bottlenecks hamper manufacturing, but they raised their prediction for next year. The five institutes – the RWI in Essen, Read more
Thomson Reuters Corp (TRI.TO) is launching a $100 million venture capital fund to invest in early stage companies that serve professional audiences in the legal, tax and accounting, and news media business. The fund, named “Thomson Reuters Ventures,” is part Read more
Pinterest Inc (PINS.N) said on Thursday co-founder Evan Sharp is leaving the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple products. Sharp built Pinterest’s original platform and oversaw its rapid growth in Read more
Britain’s 20-year binge on cheap food is coming to an end and food price inflation could hit double digits due to a tidal wave of soaring costs that are crashing through the supply chain, Britain’s biggest chicken producer said. “The Read more
China’s September factory gate inflation rose to a record on soaring commodity prices, but weak demand capped consumer inflation, forcing policymakers to walk a tight rope between supporting the economy and further stoking producer prices. The producer price index (PPI) Read more
Miner Barrick Gold Corp (ABX.TO), on Thursday reported a nearly 5% rise in third-quarter gold production from the previous three months, as output jumped at its Veladero mine in Argentina. Barrick, the world’s second-largest gold miner by reserves, also reiterated Read more
Carmaker Stellantis (STLA.MI) will start a restructuring of its European dealers’ network, due to begin in June 2023, with its premium brands such as Alfa Romeo and Lancia, the company’s European sales and marketing chief said on Thursday. Stellantis, formed Read more