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European retailers scramble to keep prices low to attract struggling shoppers

European retailers scramble to keep prices low to attract struggling shoppers

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LONDON, Nov 9 (Reuters) – Some European retailers forecast or announced better sales for the year this week after scrambling to keep prices low to attract cash-strapped shoppers, while others including Marks & Spencer (MKS.L) and Adidas (ADSGn.DE) warned of profiteering. Many consumers have turned to cheaper private label products, boosting sales at retailers like …

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In Britain's inflation crisis, healthy diets are a casualty

In Britain’s inflation crisis, healthy diets are a casualty

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LONDON, Oct 28 (Reuters) – Fresh vegetables and fish are disappearing from the menu. Packaged pizzas and charcuterie are the daily specials. Many UK households are turning away from healthier foods as runaway inflation pushes them towards cheaper processed meals, according to consumer data and experts who worry about the nation’s nutritional downfall. Joanne Farrer …

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Exclusive: Exxon leaves Russia empty-handed with 'unilaterally terminated' oil project

Exclusive: Exxon leaves Russia empty-handed with ‘unilaterally terminated’ oil project

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HOUSTON, Oct 17 (Reuters) – Exxon Mobil Corp (XOM.N) said on Monday it had left Russia altogether after President Vladimir Putin expropriated its properties after seven months of talks over an orderly transfer of its 30% stake in a major oil project. . Exxon did not say whether it received compensation for the assets, which …

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Danone gets rid of its Russian dairy business with 1 billion euros in delisting

Danone gets rid of its Russian dairy business with 1 billion euros in delisting

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Danone cedes control of its dairy business in Russia The Russian dairy unit accounts for 90% of Russian operations Danone could keep a stake in the dairy sector – source Many Western food suppliers continue to supply basic goods to Russia PARIS, Oct 14 (Reuters) – French food company Danone (DANO.PA) is to cede control …

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