विदेश

HEGSETH SAYS MORE LEADERSHIP CHANGES WILL BE MADE, "OF THAT I AM CERTAIN"

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LONDON, Sept 30 (Reuters) – Money managers' approach to environmental, social and governance (ESG) investing in the United States has been discredited and needs to shift its focus from morality to economic impact, John Kerry, former U.S. Secretary of State and climate envoy under President Joe Biden said on Tuesday. Kerry, speaking at the Building Bridges conference in Geneva, said that the sustainable finance industry needed to emphasise the material impact of climate change on companies. Kerry last year joined energy transition-focused investment firm Galvanize Climate Solutions as co-executive chair. He was addressing a gathering of finance professionals, governments, NGOs and philanthropists to discuss sustainable finance. (Reporting by Virginia Furness, Editing by Iain Withers)

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EUROPEAN COMMISSION SAYS IT IS CARRYING OUT UNANNOUNCED ANTITRUST INSPECTIONS AT UNNAMED COMPANY ACTIVE IN VACCINES SECTOR

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EUROPEAN COMMISSION: IT HAS CONCERNS COMPANY VIOLATED EU ANTITRUST RULES PROHIBITING ABUSES IN DOMINANT MARKET POSITION

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(Adds background in paragraphs 2-3) Sept 30 (Reuters) – Telehealth firm LifeMD said on Tuesday it would partner with Novo Nordisk to offer its diabetes drug Ozempic at $499 per month to eligible U.S. patients, including insured people whose plans do not cover GLP-1 therapies. Novo offers Ozempic for $499 a month to eligible cash-paying patients via its own pharmacy, NovoCare, and through tie-ups with telehealth platforms. Patients can book virtual visits, complete testing and get medicine shipped with order tracking through LifeMD. (Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Shilpi Majumdar)

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OPEC+ WILL DISCUSS POTENTIALLY LIFTING OUTPUT BY 500,000 BARRELS A DAY PER MONTH OVER A THREE-MONTH PERIOD – BLOOMBERG NEWS

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FIRST BRANDS HAD ABOUT $9.3 BILLION OF DEBT OBLIGATIONS OTHER THAN FACTORING LIABILITIES, FILING SAYS

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FIRST BRANDS BELIEVES IT HAD AN UNPAID $2.3 BILLION BALANCE RELATED TO THIRD-PARTY FACTORING ARRANGEMENTS WHEN IT FILED FOR BANKRUPTCY PROTECTION, CHIEF RESTRUCTURING OFFICER SAYS IN COURT FILING

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By Balazs Koranyi FRANKFURT, Sept 30 (Reuters) – Inflation accelerated in the euro zone's biggest economies this month, suggesting that overall price growth also ticked up across the 20 nation bloc, further easing pressure on the ECB to lower borrowing costs. The ECB cut its key rate by 2 percentage points in the year to June but has been on hold ever since as inflation settled near its target, and investors are slowly pricing out further cuts, even if some modest policy easing remains a possibility. Inflation accelerated in Germany, France, Italy and Spain, solidifying investor expectations for the euro zone figure to come in around 2.2% or 2.3% on Wednesday, above August's 2.0% reading. ENERGY PRICES FALLING AT SLOWER RATE Most of the increase is due to a smaller decline in energy costs than in August, and underlying trends, which filter out volatile items like food and fuel, were only moderately higher, not signalling a fresh wave of price pressures. That is likely to comfort policymakers who are trying to decipher unusually uncertain price signals, complicated by political and trade tensions, surging food costs, plans to ramp up defence spending, a fresh wave of cheap Chinese imports, and volatile energy prices. Inflation based on harmonised standards accelerated to 2.4% from 2.1% in Germany, above expectations for 2.2%. It also rose to 1.1% from 0.8% in France, 3.0% from 2.7% in Spain and 1.8% from 1.6% in Italy. ECB FIRMLY ON HOLD "This will make little difference for the ECB, as the October meeting was already set to be a ‘non-event’ following September’s relatively hawkish communication – where we believe the ECB ruled out any additional cuts for the rest of the year," Nicola Nobile at Oxford Economics said. The majority of the increases were due to a smaller decrease in energy costs, a well anticipated development, but there was also a small rise in some 'core' items, like services and clothing prices in some of the national releases. The overall uptick is also likely to be temporary and inflation is seem moving sharply lower at the start of next year, primarily on statistical base effect. The main question policymakers have been debating is just how far inflation will fall below the ECB's target and whether this undershooting will prove to be persistent. The ECB sees price growth at 1.7% next year, a worrisome reading for some policymakers who fear this could lower expectations and perpetuate anaemic price growth. They argue that already weak price pressure will be exacerbated by relatively muted economic growth, an increasing drag from U.S. tariffs and a possible softening of the labour market. This argument was also supported by weak retail and producer price growth data in Germany and lacklustre consumer spending numbers in France. Economists, however, see a much smaller dip below 2% and some hawkish policymakers argue that higher defence spending and lower trade integration are inherently inflationary, so they would offset the factors dragging down prices. (Reporting by Balazs Koranyi; Editing by Alexandra Hudson)

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SOUTH AFRICAN AMBASSADOR IN PARIS FOUND DEAD AFTER FALLING FROM 22ND FLOOR OF HYATT HOTEL – LE PARISIEN

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