{
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
A BBC investigation reveals that many tomato purées labeled as "Italian" may contain tomatoes sourced from China, specifically from Xinjiang, where production is linked to forced labor involving Uyghurs. Despite the findings, supermarkets deny the allegations, while human rights groups report severe abuses in the region's tomato fields. The EU's reliance on self-regulation for imports from Xinjiang contrasts with the stricter U.S. laws banning such exports.
UBS has maintained a 'buy' recommendation for Tesco, setting a target price of 410 pence, indicating a 20% upside potential for the retailer's shares. This comes after Tesco completed the sale of its banking business and announced a new £700 million share buyback program, following a previous £1 billion initiative.
Tesco Plc shares increased by 1.1% in London following the announcement of a £700 million buyback plan, coinciding with the completion of its retail banking operations sale to Barclays Plc. This new buyback will begin after the current £1 billion share repurchase program concludes.
VPBank has partnered with CleverTap to enhance customer engagement and deliver hyper-personalised banking experiences in Vietnam. This collaboration aims to leverage AI-driven insights for targeted campaigns, improving customer retention and driving growth in a competitive market. Both companies are committed to setting new standards in customer engagement within the banking sector.
UBS has raised its price target for Tesco, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA disclaiming any responsibility for its content and ensuring no conflicts of interest affect its objectivity.
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