ZURICH (Reuters) – The Swiss car importers lobby hit back on Monday at the government’s proposal to limit the use of electric vehicles in any power crunch, saying the mere …
Reuters
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US and World News
Israel says intercepted message brought down spy Cohen in 1965
by Reutersby ReutersJERUSALEM (Reuters) – Israel sought to lay to rest on Monday a decades-old debate about one of its most famous spies, Eli Cohen, saying his capture and execution in Syria …
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Maersk appoints new CEO to steer shipping firm through ‘turbulence’ to come
by Reutersby ReutersBy Stine Jacobsen and Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -A.P. Moller-Maersk said on Monday it had appointed company veteran Vincent Clerc as its new chief executive to lead the shipping giant …
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China domestic searches for hotels surge after easing restrictions – KAYAK
by Reutersby Reuters(Reuters) – Travel website KAYAK, owned by Booking Holdings Inc, said domestic searches for hotels within China surged last week, after the country loosened its COVID-19-related restrictions. KAYAK on Friday …
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Exclusive-Zeekr, a premium Geely electric car brand, seeks over $1 billion in U.S. IPO – sources
by Reutersby ReutersBy Julie Zhu and Scott Murdoch HONG KONG (Reuters) -Zeekr, one of Chinese automaker Geely’s upmarket electric car brands, has confidentially filed for a U.S. initial public offering, aiming to …
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Libyan oil production at 1.2 million barrels per day, oil minister says
by Reutersby ReutersKUWAIT (Reuters) – Libya is producing about 1.2 million barrels per day of oil, oil minister Mohamed Oun told reporters on the sidelines of an OAPEC meeting on Monday. “We …
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Bond investors expect smaller Fed rate hike but brace for inflation shocks
by Reutersby ReutersBy Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve’s likely shift to a smaller interest rate increase this week could offer some respite to bond investors hit hard …
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Analysis-Investors on alert for policy error after cheering slower rate hikes
by Reutersby ReutersBy Yoruk Bahceli (Reuters) – Central banks are starting to slow aggressive rate rises but are far from done even as recession looms, leaving investors alert to risks that prolonged …
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By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China rebounded less than expected in November from the previous month, as the central bank seeks to bolster …
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By Huw Jones (Reuters) – Microsoft is to take a 4% equity stake in London Stock Exchange Group as part of a 10-year commercial deal to migrate the exchange operator’s …
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Too good to be bad, too risky to be good, Fed managing ‘unloved’ economy
by Reutersby ReutersBy Howard Schneider WASHINGTON (Reuters) – After playing catch-up with inflation through the past year in a policy shift made urgent by relentlessly rising prices, the U.S. Federal Reserve now …
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US and World News
Spain exhumes 53 bodies from Franco dictatorship’s shallow graves
by Reutersby ReutersBy Vincent West ORDUNA, Spain (Reuters) – Forensic archaeologists have exhumed 53 bodies from shallow graves in the Basque town of Orduna that were dug in 1941, as part of …
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SNB to go for 50bp rate hike on Thursday, but larger move possible: Reuters Poll
by Reutersby ReutersBy Indradip Ghosh BENGALURU (Reuters) – The Swiss National Bank will hike its policy rate by a smaller 50 basis points on Thursday, as is also expected by the European …
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A look at the day ahead in U.S. and global markets from Mike Dolan. A barrage of major central bank decisions and a critical U.S. consumer price inflation reading this …
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BERLIN (Reuters) – TUI, the world’s largest holiday company, is seeing growing demand for travel despite the energy crisis and double-digit inflation, the company said on Monday, as it sets …
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LONDON (Reuters) – London-listed Savannah Energy has agreed to buy producing oil fields in South Sudan from Malaysia’s state energy firm Petronas for up to $1.25 billion, it said on …
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By Orhan Coskun and Nevzat Devranoglu ANKARA (Reuters) – Turkey’s unemployment rate edged up to 10.2% in October, data showed on Monday, posing a potential challenge to President Tayyip Erdogan’s …
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Credit Suisse’s Greater China CEO to leave bank this week – memo
by Reutersby ReutersBy Summer Zhen and Selena Li Hong Kong (Reuters) – Carsten Stoehr, Credit Suisse’s chief executive for its Greater China business, is leaving the bank, according to an internal memo …
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Israel economy to grow lower than expected 3% in 2023 -finance ministry
by Reutersby ReutersBy Steven Scheer JERUSALEM (Reuters) – Israel’s economic growth is set to slow sharply to 3% in 2023 after rapid expansion in the prior two years, the Finance Ministry said …
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US and World News
UN aid chief to visit Kherson on Ukraine trip amid power outages
by Reutersby ReutersKYIV (Reuters) – U.N. aid chief Martin Griffiths arrived in Ukraine on a four-day trip on Monday as officials raced to repair energy facilities hit by Russian air strikes that …
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By Kanishka Singh and Sneha Bhowmik (Reuters) -Defeated Republican gubernatorial candidate Kari Lake sued Arizona elections officials on Friday to challenge the counting and certification of the November electoral contest …
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PARIS (Reuters) – France on Monday avoided a strain on its power grids in the face of rising demand as Paris recorded sub-zero temperature, thanks to a ramp-up in supply …
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U.S. finalizes $2.5 billion loan to GM, LG battery joint venture
by Reutersby ReutersBy David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors Co and …
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ECB to raise scrutiny of banks’ credit risk, funding in 2023 as recession looms
by Reutersby ReutersFRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining its 2023 priorities as the …
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(Reuters) – Russia could provide up to 225 billion roubles ($3.6 billion) in state funds to power company Rosseti to cover a deficit in the firm’s investment programme, Russia’s deputy …