Group 1: Canada's Budget - Canada's upcoming budget is expected to include a significant C$50-billion local infrastructure fund aimed at boosting local development and economic growth [2][8] - The budget is also anticipated to allocate up to C$1-billion to attract high-quality talent and researchers, particularly from the U.S. and other international locations [2][8] Group 2: China's Export Initiative - China's Commerce Minister has announced a "Big Market for All: Export for China" initiative, consisting of 10 major events to enhance countries' export capabilities to China [3][8] - The initiative aims to position China as the premier export destination globally, promoting proactive opening up and win-win cooperation [3][8] Group 3: Yum China Financial Performance - Yum China Holdings Inc. reported a strong Q3 financial performance with an adjusted operating profit of $400 million and net income of $282 million [4][8] - The adjusted earnings per share (EPS) for the quarter stood at $0.76 [4][8] Group 4: Barclays Downgrade of Hermes - Barclays has downgraded luxury brand Hermes International to Equal Weight from Overweight, reflecting a shift in market sentiment [5][8] - The target price for Hermes shares has been reduced from EUR 2510 to EUR 2310 [5][8] Group 5: ADNOC and Shell LNG Deal - ADNOC has secured a long-term 15-year supply agreement with Shell for 1 million tonnes per annum (MTPA) of liquefied natural gas from the Ruwais LNG project [6][8] Group 6: UK Gilt Auction - The UK successfully sold GBP5 billion in 4% 2029s gilts, with a bid-to-cover ratio of 3.06x, indicating solid demand for UK government debt [9] - The average yield for the gilts decreased to 3.845% from the prior 4.095%, further reflecting healthy market interest [9]

Stéphane de La Faverie, chief executive officer of the Estée Lauder Cos., has officially completed building out his executive team with his latest appointment. René Lammers Ph.D. has been named executive vice president, chief research and innovation officer, effective Oct. 1, reporting directly to de La Faverie. More from WWD Lammers joins from PepsiCo, where he most recently served as executive vice president and chief science officer, overseeing global R&D. Prior to PepsiCo, he held senior leadership p ...

Core Insights - Clarivate Plc has signed agreements with China Petrochemical Corporation (Sinopec Group) to provide academic research and intellectual property solutions, enhancing Sinopec's research and development capabilities [1][2] - The partnership aims to support Sinopec's vision of advancing low-carbon energy technologies and environmentally friendly materials through improved innovation processes [2][5] Company Collaboration - Clarivate will supply Sinopec Group with the Web of Science platform, which includes a comprehensive citation index and various data insights, facilitating access to a wide range of academic content [3][5] - Beijing incoPat Technology Co., Ltd. will contribute global patent data through the incoPat database, which contains over 200 million records from 172 countries and organizations [4][5] Strategic Goals - The collaboration is positioned as a significant step in driving innovation within Sinopec Group, aligning with its goal to become a world-leading energy and chemical company [5] - The partnership builds on a history of collaboration, with Sinopec already utilizing other Clarivate solutions such as InCites Benchmarking & Analytics and Derwent Innovation [5]