Tuesday, 10 May 2022

Reuters Business: More CEOs consider sustainability to be a top challenge, study says

More CEOs consider sustainability to be a top challenge, study says

A growing number of chief executives consider sustainability one of the biggest challenges to act upon over the next two to three years, a new study said on Tuesday.

Commodity currencies bounce back but sentiment remains fragile

Commodity currencies Norwegian crown and the Australian dollar recovered some ground on Tuesday after hitting their lowest levels in nearly two years against the U.S. dollar, tracking a rebound in European and Chinese stock markets.

Tesla recalls 130,000 vehicles in U.S. over touchscreen display malfunction

Tesla Inc is recalling about 130,000 vehicles in the United States following an overheating issue that may cause the center touchscreen display to malfunction, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday.

Fed's task to tame inflation difficult amid "tremendous" amount of uncertainty, Williams says

The U.S. Federal Reserve's aim of bringing inflation down to its goal without derailing the economy is challenging but doable amid heightened uncertainty on the path of price pressures caused by the war in Ukraine and COVID pandemic, New York Fed President John Williams said on Tuesday.

Pfizer to buy migraine drugmaker Biohaven in $11.6 billion deal

Pfizer Inc said on Tuesday it will buy migraine drug maker Biohaven Pharmaceutical Holding Company Ltd for about $11.6 billion in cash, as the drugmaker seeks to beef up its portfolio ahead of patent losses for some cancer drugs.

U.S. SEC extends comment period on climate risk proposal

The U.S. Securities and Exchange Commission (SEC) on Monday extended until June 17 the period for public comment on its landmark proposal to require U.S.-listed companies to disclose a range of climate-related risks and greenhouse gas emissions.

For some European states, rising debt costs rekindle 2011 crisis memories

The rise in European bond yields is alarming some economists, who warn that Italy and Greece in particular do not have much wiggle room before their debt servicing burden starts rising, rekindling memories of the 2011-2012 euro debt crisis.

Polish PM says he will discuss global corporate tax with Yellen

Polish Prime Minister Mateusz Morawiecki said on Tuesday he would discuss global corporate tax with United States Treasury Secretary Janet Yellen when she visits Poland on Saturday.

Sony aims to sell 18 million PS5 consoles this year amid China lockdown risk

Sony Group Corp on Tuesday said it planned to sell 18 million PlayStation 5 consoles this business year as robust game sales helped it more than double fourth-quarter operating profit.

Online sales prompt simpler EU antitrust rules for manufacturers, distributors

Rules that govern agreements between manufacturers and distributors have been simplified because of the growth of online sales and the entry of new players such as online marketplaces, EU antitrust regulators said on Tuesday.

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