Italy’s Giorgetti gets Meloni’s backing to be economy minister
Italy’s Giorgetti gets Meloni’s backing to be economy minister By Angelo Amante and Gavin Jones ROME (Reuters) -Giancarlo ..
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Rosneft sues Berlin over takeover of its German unit
BERLIN (Reuters) – Russian state energy giant Rosneft has filed a complaint with a top court in Germany against the government f..
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European airlines see travel withstanding consumer squeeze for now
By Sarah Young and Klaus Lauer LONDON (Reuters) – British Airways-owner IAG, Europe’s biggest airline Ryanair and rival ea..
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Hot U.S. inflation data reignites global selloff
By Marc Jones LONDON (Reuters) – MSCI’s global stock index lurched to a July 2020 low and dollar and bond market borrowing..
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IKEA reports record sales as price hikes offset weakening consumer confidence
By Anna Ringstrom STOCKHOLM (Reuters) -Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and ea..
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Britain’s Ofgem to urge public to reduce energy usage – FT
(Reuters) – Britain’s energy regulator Ofgem will on Thursday urge consumers to reduce their energy usage “where pos..
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Holocaust survivor to oversee start of rightist Italian parliament
By Crispian Balmer ROME (Reuters) – Italy’s new parliament opens on Thursday, with a Holocaust survivor due to preside ove..
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Sentiment in UK finance falls at fastest pace since 2019, survey
LONDON (Reuters) – Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector senti..
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Britain’s bond market turmoil
LONDON (Reuters) – British government borrowing costs hit a 20-year high on Wednesday after Bank of England Governor Andrew Bail..
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Analysis – Turbulent UK bond market may force BoE’s hand again
By Dhara Ranasinghe and Harry Robertson LONDON (Reuters) – Bank of England Governor Andrew Bailey has been unequivocal: the cent..
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EU seeks to break impasse over gas price caps, ‘no regret’ plan floated
By Kate Abnett and Robert Muller PRAGUE/BRUSSELS (Reuters) – The question of how, when and whether to cap gas prices loomed over..
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Austria plans to bring budget deficit within 3% of GDP next year
VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic pro..
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UK economy on brink of recession as it shrinks in August
By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s economy looks set to go into recession as data showed it ..
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Swedish energy minister: need to decouple gas from electricity price
PRAGUE (Reuters) – The European Union needs to find a way to decouple gas and electricity prices, Swedish energy minister Khasha..
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Mercedes-Benz and Microsoft collaborate on supply chain data platform
BERLIN (Reuters) – Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform in..
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Russian missiles hit 30% of Ukraine’s energy infrastructure in two days – minister
(Reuters) – Russia hit about 30% of Ukraine’s energy infrastructure in its missile attacks on Monday and Tuesday, Ukraine&..
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EFG International says profitability improved in first nine months
ZURICH (Reuters) -EFG International said it had seen a “significant increase” in underlying net profit for the first nine ..
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Twitter reviews policies around permanent user bans – FT
(Reuters) -Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line wi..
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Meta’s new Quest Pro headset, mixing real and virtual worlds, makes debut
By Katie Paul (Reuters) -Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for C..
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Analysis-Fearing war in Xi’s next term, Taiwan bolsters defences
By Yimou Lee and Ben Blanchard TAIPEI (Reuters) – Taiwan is bolstering its defences and steeling itself for the possibility of w..
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ECB’s Villeroy lays out plan for shrinking balance sheet
NEW YORK (Reuters) – The European Central Bank should start shrinking its balance sheet once its interest rate is close to 2%, f..
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Caixabank proposes sector-wide freeze in variable mortgage costs, source says
MADRID (Reuters) – Caixabank, Spain’s biggest lender by domestic assets, has proposed a sector-wide measure to cushion the..
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Factbox-Ticking bomb: The risks the IMF sees to financial stability
(Reuters) – The International Monetary Fund warned on Tuesday of a disorderly repricing in markets, saying global financial stab..
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British pensions step up multi-billion-pound asset fire sale as need for cash soars
By Tommy Wilkes and Carolyn Cohn LONDON (Reuters) – UK pension schemes are racing to raise hundreds of billions of pounds to sho..
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Germans told to unite over energy crisis amid EU divisions
By Rachel More and Paul Carrel BERLIN (Reuters) – Germany can weather a winter gas shortage caused by Russia’s war on Ukra..
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Stocks tumble globally on raft of economic, political worries
By Sinéad Carew and Dhara Ranasinghe LONDON/NEW YORK (Reuters) – MSCI’s global index of stocks hit its lowest level in alm..
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Sterling snaps four-day drop, but gilt-market havoc tempers gains
By Amanda Cooper LONDON (Reuters) -The pound snapped a four-day streak of losses on Tuesday in a volatile session, in which the Bank o..
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Stellantis aims to boost recycled material content in vehicles
MILAN (Reuters) -Stellantis will look to upgrade its medium-term target for the minimum percentage of recycled material in its vehicle..
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U.S. dollar drifts higher; yen heads toward level that prompted intervention
By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar edged higher in choppy trading on Tuesday, add..
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Damien Hirst burns artworks after collectors pick their NFTs instead
By Marie-Louise Gumuchian LONDON (Reuters) – Britain’s Damien Hirst started burning hundreds of his artworks on Tuesday af..
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Explainer-Why is Bank of England acting again? What next in the UK crisis?
LONDON (Reuters) – The Bank of England again sought to stem a sharp sell-off in Britain’s 2.1 trillion pound ($2.3 trillio..
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Oil falls more than 2% on recession and China COVID fears
By Alex Lawler LONDON (Reuters) – Oil slid more than 2% on Tuesday, extending losses of nearly 2% in the previous session, as re..
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Scholz: if Germany continues to adapt, we will make it through winter
BERLIN (Reuters) – Germany will make it through the winter if citizens, companies and policymakers continue to adapt to the coun..
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Spain’s Cepsa signs green hydrogen shipping deal with Rotterdam port
MADRID (Reuters) -Spanish oil and gas group Cepsa has signed a deal with the Dutch port of Rotterdam to ship green hydrogen from south..
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France says Belarus could face more sanctions if it gets increasingly involved in Ukraine conflict
PARIS (Reuters) – Belarus could face more sanctions if it gets more and more involved in the Ukraine conflict, French Foreign Af..
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Billionaire investor Yuri Milner relinquishes Russian citizenship
(Reuters) – Israeli-Russian billionaire Yuri Milner said on Monday he has renounced his Russian citizenship after leaving the co..
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Italy’s CDP and partners ask TIM for more time for network deal
By Elvira Pollina MILAN (Reuters) -Italian state lender CDP and its partners have asked for more time to clinch a deal to buy Telecom ..
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