By Anna Peverieri
(Reuters) -French electrical and digital building infrastructure group Legrand will hike prices, adjust supply chains and freeze spending to offset up to $200 million in costs from U.S. tariffs on Chinese imports, CEO Benoît Coquart told Reuters.
Legrand now expects the financial impact of U.S. tariffs on Chinese imports to be around $150 million to $200 million on adjusted earnings before interest and tax this year, based... (continue reading...)
COPENHAGEN (Reuters) -Obesity drugmaker Novo Nordisk on Wednesday cut its full-year sales and profit outlook amid lacklustre U.S. prescription data and posted first-quarter operating profit above analyst forecasts.
"In the first quarter of 2025, we delivered 18% sales growth and continued to expand the reach of our innovative GLP-1 treatments," CEO Lars Fruergaard Jorgensen said in a statement.
"However, we have reduced our full-year outlook... (continue reading...)
By John Revill
ZURICH (Reuters) - Switzerland will host the Eurovision Song Contest for the first time since 1989 next week, amid familiar political criticism over LGBTQ+ rights and the participation of Israel.
The European Broadcasting Union (EBU) hopes its theme of "United by Music" will help keep the focus in Basel on the performers and their songs at the world's biggest entertainment show by viewership.
But controversy... (continue reading...)
BERLIN (Reuters) - German premium carmaker BMW on Wednesday confirmed its 2025 outlook, saying it expected some of the tariffs that have been imposed on vehicle imports to decline from July in one of the more optimistic views on the industry's prospects.
Most of BMW's rivals, including Mercedes-Benz, Ford and Stellantis, have all pulled their 2025 forecasts, saying that it was too difficult to come up with proper guidance in light of far-reaching... (continue reading...)
BANGKOK (Reuters) -Thailand's economy is expected to grow by between 2.0% and 2.2% this year, down from a previous forecast of 2.4% to 2.9% growth due to the impact of U.S. tariffs, a leading joint business group said on Wednesday.
Exports, a key driver of Thailand's economy, could rise by 0.3% to 0.9% this year, lower than an earlier projection of 1.5% to 2.5% growth, the Joint Standing Committee on Commerce, Industry and Banking said.
... (continue reading...)More Reuters
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Thai business group cuts 2025 GDP growth forecast over tariffs impact
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Thai business group cuts 2025 GDP growth forecast over tariffs impact
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Thai business group cuts 2025 GDP growth forecast over tariffs impact
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Thai business group cuts 2025 GDP growth forecast over tariffs impact
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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Aussiewood to Mel Gibson: save us from Trump's movie tariffs
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