(Reuters) -Australian No. 2 supermarket chain Coles Group posted a jump in annual profit on Wednesday, bettering analyst forecasts, as it reined in spending amid surging inflation, but warned cost pressure was set to continue, sending its shares down sharply.
(Reuters) -Coles Group on Wednesday forecast higher costs for fiscal 2023, as inflationary pressures continue to impact its operations, sending shares of Australia's second-largest grocer down more than 5%.
The Russian government tightened its grip on the internet on Tuesday, as a state-controlled company with close links to President Vladimir Putin agreed to buy the news feed and homepage of the country's most popular website.
Coles Group on Wednesday forecast higher costs for fiscal 2023, as inflationary pressures continue to impact operations, and added that the COVID-19 pandemic and flu season have contributed to increased team member absenteeism costs.
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)
TORONTO (Reuters) -Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the economic viability and speed of setting up new export terminals.
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine)
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