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February 25, 2020
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Reuters - Business

Inside the Philip Morris campaign to ‘normalize’ a tobacco device

Reuters
(Reuters) – At Germany’s Bambi Awards for the media industry in November, celebrities posed for red-carpet photos against a backdrop of established luxury brands. Alongside the likes of Mercedes-Benz and Swiss watchmaker Chopard was a newer name: IQOS, a “reduced risk” heated-tobacco device sold by cigarette maker Philip Morris International......
Reuters - Business

Manufacturers entangled in logistical nightmare as virus-hit China limps back to work

Reuters
SHANGHAI/BANGKOK (Reuters) – Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. FILE PHOTO: Workers wearing face masks load cargo to a truck next to containers at a railway cargo terminal, as the country is hit by an outbreak of the novel coronavirus, in Yinchuan, Ningxia......
Reuters - Business

Clock’s ticking for Nissan boss Uchida to show he has a plan: sources

Reuters
TOKYO (Reuters) – Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s......
Reuters - Business

No phones, no leaks: How Lagarde is making her mark on ECB

Reuters
FRANKFURT (Reuters) – Gathered in a German mountain castle last November for an evening retreat that ended with a whiskey-tasting, rebel European Central Bank policymakers and Christine Lagarde, their newly confirmed president, made a pact.   Lagarde pledged to spend more time listening, and not to front-run decisions before policymakers had......
Reuters - Business

Climate change pushes investors to take their temperature

Reuters
LONDON (Reuters) – Move over revenue growth and dividend payouts: it’s time to take your portfolio’s temperature. FILE PHOTO: People are silhouetted against the setting sun at “El Mirador de la Alemana” (The viewpoint of the German), as the summer’s second heatwave hits Spain, in Malaga, southern Spain July 24,......
Reuters - Business

The real price of Occidental’s ‘costless’ oil hedge

Reuters
(Reuters) – In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market data and interviews shows that’s not the whole story.......
Reuters - Business

Trump administration pressed Dutch hard to cancel China chip-equipment sale: sources

Reuters
WASHINGTON/AMSTERDAM/SAN FRANCISCO (Reuters) – The Trump administration mounted an extensive campaign to block the sale of Dutch chip manufacturing technology to China, with Secretary of State Mike Pompeo lobbying the Netherlands government and White House officials sharing a classified intelligence report with the country’s Prime Minister, people familiar with the......

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