VILNIUS (Reuters) – The likelihood of a euro zone recession is rising but the European Central Bank needs to keep raising interest rates as inflation remains high and projections may …
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By Kate Abnett BRUSSELS (Reuters) -The European Union struck a deal on Thursday on a law to effectively ban the sale of new petrol and diesel cars from 2035, aiming …
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ECB’s Villeroy: next ECB hikes will not necessarily be like this week’s ‘jumbo’ increase
by Reutersby ReutersPARIS (Reuters) – Future interest rate increases by the European Central Bank will not necessarily be ‘jumbo’ increases as the one done yesterday, ECB member and Bank of France head …
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As InSight lander nears end, NASA details meteorite strike on Mars
by Reutersby ReutersBy Will Dunham WASHINGTON (Reuters) -The InSight lander, perched on the surface of Mars since 2018, will run out of power and stop operations within four to eight weeks, NASA …
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Swedish Match continues to see strong smoke-free sales growth
by Reutersby Reuters(Reuters) -Nicotine and tobacco products group Swedish Match on Friday reported third-quarter operating profit in line with forecasts as strong sales of its smoke-free products, such as nicotine pouches, offset …
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Japan’s Sept factory output likely down for first time in four months – Reuters poll
by Reutersby ReutersTOKYO (Reuters) – Japanese factories most likely cut back output in September, a Reuters poll showed on Friday, ending a three-month growth streak on a tailwind from the end of …
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Germany’s Solar Valley could shine again as Europe strives to close energy gap
by Reutersby ReutersBy Riham Alkousaa BERLIN (Reuters) – Germany has enlisted help from Brussels to revive its solar panel industry and improve the bloc’s energy security as Berlin, reeling from the consequences …
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Exclusive-KKR raises $6 billion for biggest Asia infrastructure fund -sources
by Reutersby ReutersBy Anshuman Daga SINGAPORE (Reuters) – KKR & Co Inc has raised nearly $6 billion for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private …
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Lights maker Signify cuts annual outlook on lower consumer demand, China woes
by Reutersby Reuters(Reuters) -Signify, the world’s biggest maker of lights, cut its full-year profit margin and sales guidance on Friday, hit by lower consumer demand and a slowdown in China amid uncertain …
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China coal trade disrupted by COVID outbreaks as winter looms
by Reutersby ReutersBy Muyu Xu SINGAPORE (Reuters) – China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the country’s north switches …
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Colombia central bank likely to raise rate to 11% on high inflation
by Reutersby ReutersBy Nelson Bocanegra BOGOTA (Reuters) – Colombia’s central bank is likely to raise borrowing costs to 11% on Friday at its penultimate meeting of the year, in tandem with policymakers …
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South Korea’s exports to fall in Oct for first time in two years- Reuters poll
by Reutersby ReutersBy Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely fell in October, shrinking for the first time in two years in the face of a global economic slowdown and …
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China’s factory activity set to stall in October- Reuters poll
by Reutersby ReutersBEIJING (Reuters) – China’s factory activity likely showed no growth in October, with production hit by COVID-19 restrictions and as exports moderate on slowing global demand, a Reuters poll showed …
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By Dawn Chmielewski and Nivedita Balu (Reuters) – Apple Inc on Thursday reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech …
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PARIS (Reuters) – French jet engine maker and aerospace supplier Safran on Friday raised its full-year revenue and free cashflow forecasts after posting a 29.9% rise in third-quarter revenues buoyed …
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By Richa Naidu LONDON (Reuters) – Fresh vegetables and fish are falling off the menu. Packaged pizzas and processed meat are the dishes of the day. Many British households are …
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Shanghai food supplier’s books reveal big profits under COVID lockdown
by Reutersby ReutersSHANGHAI (Reuters) – The profitability surge of a Shanghai food supplier seeking a Hong Kong listing, disclosed in an exchange filing, gives a rare peep under the hood into a …
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A look at the day ahead in European and global markets from Tom Westbrook. Having jumped the gun a few times, markets are again pricing in a pivot in monetary …
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TAIPEI (Reuters) – China should stop its sabre-rattling against Taiwan and maintain peace and stability, the head of Taiwan’s China-policy making Mainland Affairs Council said on Friday, as Beijing ramped …
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By Ann Saphir (Reuters) – The Federal Reserve is seen slowing its aggressive rate-hike pace in December, with data published Thursday offering new evidence that the economic slowdown that the …
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Caixabank’s Q3 net profit rises 19% on lending and insurance
by Reutersby ReutersMADRID (Reuters) – Spain’s Caixabank on Friday said that its net profit in the third quarter rose 18.8% against a year ago thanks to an increase in lending income, fees …
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PARIS (Reuters) -Europe’s Airbus raised its 2022 free cashflow forecast on the back of a strong dollar and reaffirmed delivery and production targets while delaying the projected introduction of its …
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By Joey Roulette WASHINGTON (Reuters) – A Russian official’s threat this week to “strike” Western satellites aiding Ukraine highlights an untested area of international law, raising concerns among space lawyers …
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Analysis-Tech wreck shows U.S. megacaps not immune to corrosive Fed tightening
by Reutersby ReutersBy Caroline Valetkevitch, Lewis Krauskopf and Sinéad Carew NEW YORK (Reuters) – Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares and sending …
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By Chris Taylor NEW YORK – At this point, it seems like everyone is talking about the trend of “quiet quitting,” where employees slowly start disengaging from their work. Well, …