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J Sainsbury Plc said profit could slip this year as Britain’s second-largest grocer faces higher costs and consumer uncertainty triggered by the conflict in the Middle East.
Source
Bloomberg Markets
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As the Iran war drags on and the Strait of Hormuz stays shut, India and China are increasingly competing against each other for shrinking crude oil supplies.
Iranian state television has released video of what it says is Iran's Navy seizing two ships in Hormuz. The footage, broadcast on April 23, is the latest escalation in the battle for control of the strait. (Source: Bloomberg)
PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in compensation and fines in Hong Kong over its auditing work of China Evergrande Group.
Business activity in the euro area unexpectedly shrank for the first time since late 2024 due to a steep drop in the services sector as the Iran war weighs on consumers. Bloomberg's Zoe Schneeweiss reports. (Source: Bloomberg)
