(Reuters) – Quebec National Assembly speaker ruled on Tuesday that all elected members must swear an oath to Britain’s King Charles and not just to the people of Quebec in …
US and World News
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- US and World News
Factbox-Chipmakers cut spending as demand boom makes way for downturn
by Reutersby Reuters(Reuters) – The global chip industry is bracing for a downturn by reining in on investments for the year, in a stark contrast to initial 2022 predictions that pandemic-fueled demand …
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By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund will continue to be supportive of progressive tax reforms in Latin America and the Caribbean while fiscal and monetary …
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By Joe Brock SINGAPORE (Reuters) -Some of the world’s biggest consumer goods companies, including PepsiCo, Mars and Nestle, are almost certain to miss a target to make plastic packaging more …
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Logistics startup Flexport plans hiring spree, to double engineers in 2023
by Reutersby ReutersBy Krystal Hu (Reuters) – Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers to double its technical team by next year, a top …
- US and World News
Asian equities receive meagre inflows in October amid recession worries
by Reutersby ReutersBy Gaurav Dogra (Reuters) – Asian equities saw meagre inflows in October after massive selling in the previous month, and analysts expect fears of a global recession and a stronger …
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Portugal’s airline TAP turns to rare profit as revenues soar
by Reutersby ReutersLISBON (Reuters) – Portuguese airline TAP posted a rare net profit in the third quarter on Wednesday on strong revenue and helped by currency hedging, but said visibility for next …
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Hong Kong, struggling to revive hub status, sells ‘China advantage’ to global banks
by Reutersby ReutersBy Selena Li, Kane Wu and Xie Yu HONG KONG (Reuters) – Hong Kong and Chinese officials on Wednesday touted the city’s connection to the world’s second-largest economy as they …
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COVID, Ukraine war cost German economy 420 billion euros – study
by Reutersby ReutersBERLIN (Reuters) – The COVID-19 pandemic and the war in Ukraine collectively cost the German economy 420 billion euros ($415.38 billion) in lost value creation between 2020 and 2022, according …
- US and World News
Moody’s cuts outlook for European banks, including Germany’s, on credit woes
by Reutersby ReutersBy Tom Sims FRANKFURT (Reuters) -Global credit ratings agency Moody’s downgraded its outlook for banks in Germany, Italy and four other countries to “negative” from “stable” on Wednesday as Europe’s …
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By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – As foreign funds head for the exit, Chinese stock investors are snapping up beaten-down shares of mainland firms, betting outside …
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NIAMEY (Reuters) – The International Monetary Fund (IMF) and Niger have reached a staff-level agreement on a second programme review that will allow for a disbursement of about $51 million …
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S&P downgrades Credit Suisse Group, Moody’s cuts some ratings
by Reutersby ReutersZURICH (Reuters) – S&P Global Ratings has downgraded Credit Suisse Group’s long-term issuer credit rating by one notch to BBB- and cut its view on main operating unit Credit Suisse …
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Families in Sri Lanka yearn for answers on relatives who disappeared in civil war
by Reutersby Reuters(This Oct. 26 story has been corrected to fix name of official to Mahesh Katulanda in paragraph 16 and 20) By JEEVAN RAVINDRAN KILINOCHCHI (Reuters) – Arumuga Lakshmi, tormented by …
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Energy crisis putting most German firms under duress -survey
by Reutersby ReutersBERLIN (Reuters) -The energy crisis is impacting nearly every branch of the German economy, with the number of companies that see high energy costs due to the Ukraine war as …
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Microsoft’s president warns of talent shortage for tackling climate change
by Reutersby ReutersBy Jeffrey Dastin (Reuters) – Thousands of businesses will fail to meet pledges to combat climate change unless they start training employees on sustainability, Microsoft Corp’s President Brad Smith told …
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Boeing investors seek clarity, realistic goals after a series of setbacks
by Reutersby ReutersBy Rajesh Kumar Singh CHICAGO (Reuters) – A series of production delays, cuts in jet delivery outlook and mounting losses at its defense business have damaged Boeing Co’s credibility among …
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FRANKFURT (Reuters) – Euro zone banks still largely fail to meet the European Central Bank’s climate disclosure and management expectations, and laggards who keep failing deadlines could be forced to …
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Suncor Fort Hills deal hints at new strategy for Canada oil sands mine replacement
by Reutersby ReutersBy Nia Williams and Rod Nickel (Reuters) – Suncor Energy’s acquisition of a larger stake in the Fort Hills oil sands project is a sign that Canada’s second-largest oil company …
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Explainer-U.S. midterm elections: How America casts and counts its votes
by Reutersby ReutersBy Matt Zdun (Reuters) – Misinformation online and false claims of election fraud by former President Donald Trump and his allies have sharply eroded public trust in the integrity of …
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A look at the day ahead in U.S. and global markets from Mike Dolan. The recent burst of stock market optimism around the world still seems to be on shaky …
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AMSTERDAM (Reuters) -Dutch telecoms operator Veon Ltd said on Wednesday it was seeking the sale of its Russian operations, which make up more than half of its revenue and earnings. …
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German manufacturing slumps in October as new orders drop – PMI
by Reutersby ReutersBERLIN (Reuters) – The downturn in Germany’s manufacturing sector gathered pace in October as output and new orders slumped, marking a weak start to the fourth quarter that shows no …
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By Sarah Young LONDON (Reuters) -Budget airline Wizz Air said it planned to grow its capacity by 35% this winter and was confident that demand for travel would remain strong …
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(Reuters) – A Los Angeles judge cleared the former business manager of the late Marvel Comics creator Stan Lee of grand theft charges on Tuesday, ending a four-year criminal case …