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Walgreens misses profit estimates on pharmacy weakness, shares fall 7%
By Manas Mishra and Trisha Roy (Reuters) – Walgreens Boots Alliance Inc’s <WBA.O> quarterly profit missed Wall Street estimates on Wednesday, hit by lower payments from insurers on drugs sold at its U.S. pharmacies, knocking back its shares and those of rival CVS Health Corp <CVS.N>. The company sought to reassure investors, saying it would […]
India’s huge outsourcing industry struggles with work-from-home scenario
By Sankalp Phartiyal and Sachin Ravikumar NEW DELHI/BENGALURU (Reuters) – As the coronavirus pandemic pushes India into a lockdown, the call centres and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans. Prime Minister Narendra Modi on Tuesday ordered 1.3 billion Indians to […]
Portugal moves closer to securing budget surplus for 2020
By Victoria Waldersee (Reuters) – Portugal’s first budget with a surplus in almost half a century is on course to pass its first reading on Friday after the Communist Party and animal rights party PAN said they would abstain in the vote on the government’s 2020 spending plans. The ruling Socialists increased their parliamentary seats […]