Page 3 - M Ml News Today

British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday and said it would not need to increase prices by as much as previously thought.

China's exports growth lost steam in November, pressured by a strong yuan, weakening demand and higher costs, but imports unexpectedly accelerated as the country scrambled to restock depleted commodities like coal.

Turkey's annual inflation jumped more than expected to a three-year high of 21.31% in November, data showed on Friday, further exposing the risks of recent aggressive rate cuts that prompted a historic slide in the lira.

Brazil's economy contracted slightly in the three months to September, government data showed on Thursday, as surging inflation and a severe drought triggered a recession in Latin America's largest economy.

French healthcare company Sanofi said on Wednesday it would buy Austrian group Origimm Biotechnology, a move that will add a potential first-in-class vaccine candidate to treat acne to its pipeline.

India's economic recovery strengthened in the July-September quarter on stronger consumer spending, though the emergence of the Omicron coronavirus variant has raised fears for the future.

French automotive supplier Faurecia cut its guidance for the 2021 financial year, citing a drop in European automotive production, difficulties to adapt to stop-and-go generated costs, and one-off costs in the United States.

An 7.5 magnitude earthquake shook the remote Amazon region of northern Peru early on Sunday and was felt as far as Lima in the center of the country and southern Ecuador, causing damage to homes near the epicenter with no casualties reported.

Britain's competition regulator said on Friday it had secured improved commitments from Alphabet's Google on changes to user-tracking cookies in its browser, including the U.S. tech giant extending the time any pledges would last to six years.

U.S.-based Advent International and Centerbridge Partners have made a joint takeover offer for Germany's Aareal Bank that values the lender at 1.7 billion euros ($1.9 billion).