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Autoliv Q4 adjusted profit matches expectations, sees 2026 profit margin of around 10.5-11.0%
Reuters· 2026-01-30 11:15
Group 1 - The core viewpoint of the article is that Autoliv, a car safety gear manufacturer, has forecasted a full-year 2026 adjusted operating profit margin of approximately 10.5-11.0% [1] - The company reported a fourth-quarter adjusted operating profit that aligns with market expectations [1]
Oil forceast to hover near $60/bbl, as oversupply outweighs geopolitical risks
Reuters· 2026-01-30 11:05
Core Viewpoint - Oil prices are expected to remain around $60 per barrel this year due to oversupply in the market, which counterbalances the effects of geopolitical tensions that may disrupt cargo shipments [1] Group 1: Market Dynamics - The market is facing a potential oversupply situation, which is a significant factor influencing oil prices [1] - Geopolitical tensions are present but are not expected to have a strong enough impact to drive prices significantly higher [1] Group 2: Price Forecast - The forecast indicates that oil prices will likely stabilize near the $60 per barrel mark throughout the year [1]
Meta faces New Mexico trial over child-exploitation claims
Reuters· 2026-01-30 11:03
Core Viewpoint - Meta Platforms is facing a trial initiated by the state of New Mexico, which accuses the company of exposing children and teenagers to sexual exploitation on its platforms and profiting from such activities [1] Group 1 - The lawsuit claims that Meta Platforms has knowingly allowed harmful content to proliferate, thereby endangering minors [1] - The state of New Mexico is seeking accountability for the alleged exploitation and is pushing for changes in how Meta operates its platforms [1] - This legal challenge highlights ongoing concerns regarding the safety of social media platforms for younger users [1]
Santander UK names Mahesh Aditya as CEO
Reuters· 2026-01-30 10:53
Core Viewpoint - Santander UK has appointed Mahesh Aditya as the new chief executive to lead the integration of TSB following the resignation of Mike Regnier [1] Group 1 - Mahesh Aditya was previously the group chief risk officer at Banco Santander [1] - The appointment comes during a complex integration process of TSB [1] - Mike Regnier stepped down from his position prior to this appointment [1]
China's CNPC set to restart Dalian refinery to process Russian oil
Reuters· 2026-01-30 10:41
Core Viewpoint - Chinese state oil firm CNPC is planning to restart a unit at its refinery in Dalian after months of closure, aiming to capitalize on high margins from processing discounted Russian oil [1] Group 1: Company Actions - CNPC is set to resume operations at a refinery unit in Dalian, which had been closed for several months [1] - The decision to restart the unit is driven by the opportunity to process discounted Russian oil, which is expected to yield significant profit margins [1] Group 2: Market Context - The move reflects a broader trend in the industry where companies are seeking to maximize profits by leveraging lower-cost crude oil sources [1]
Gold rally pushes Italian jewellers to make leaner designs
Reuters· 2026-01-30 10:25
In Italy's storied goldmaking hubs, jewellers are reworking their designs to trim gold content as they race to blunt the impact of record prices and appeal to shoppers watching their budgets. ...
OPEC+ set to keep oil production pause for March as prices jump, sources say
Reuters· 2026-01-30 10:19
Core Viewpoint - OPEC+ is expected to maintain its current pause on oil output increases during the upcoming meeting in March, despite crude oil prices rising above $70 per barrel due to concerns regarding potential U.S. military actions [1] Group 1 - OPEC+ delegates indicate a consensus on keeping oil production steady, reflecting a cautious approach amid fluctuating market conditions [1] - The price of crude oil has surpassed $70 per barrel, driven by geopolitical tensions and market speculation [1] - The decision to pause output increases suggests OPEC+ is prioritizing market stability over immediate production boosts [1]
LVMH's cognac brand Hennessy reaches pay deal with workers, sources say
Reuters· 2026-01-30 10:18
Core Viewpoint - LVMH's cognac maker Hennessy has reached a pay deal with unions to compensate for bonuses lost last year due to weak sales [1] Company Summary - Hennessy is the largest brand within LVMH's drink portfolio [1] - The pay deal addresses the financial impact of last year's weak sales on employee bonuses [1] Industry Summary - The agreement reflects ongoing challenges in the beverage industry, particularly in the premium spirits segment, where sales fluctuations can significantly affect employee compensation [1]
Euro zone consumers up 5-year inflation forecast to record high, ECB poll shows
Reuters· 2026-01-30 09:04
Core Insights - Euro zone consumers have raised their longer-term inflation expectations to a record high in December, indicating a belief that prices will grow faster than the European Central Bank's (ECB) target for years to come [1] Group 1 - The European Central Bank conducted a poll showing that inflation expectations among consumers in the Euro zone have reached unprecedented levels [1] - This increase in inflation expectations suggests that consumers anticipate sustained price growth beyond the ECB's target rate [1] - The implications of these expectations could influence monetary policy decisions by the ECB in the future [1]
Dutch regulator to probe Roblox over risks to minors
Reuters· 2026-01-30 09:03
Group 1 - The Netherlands' consumer protection regulator ACM has initiated an investigation into the U.S. gaming platform Roblox [1] - The investigation focuses on potential risks to underage users within the European Union [1]