By Andy Bruce LONDON (Reuters) – Investor confidence in British assets sits on the edge of a precipice as new finance minister Kwasi Kwarteng readies his first fiscal update, a …
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UK’s Sainsbury’s in talks to sell stores worth 500 million stg
by Reutersby ReutersLONDON (Reuters) -British supermarket group Sainsbury’s is in talks to sell 18 stores in southern England to property investor LXi REIT for about 500 million pounds ($568 million). Both companies …
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In small Chinese cities, unsold housing stock hits highest since 2019
by Reutersby Reuters(Corrects to about 20 months in the third paragraph, not 23 months) BEIJING (Reuters) -The stock of new homes in small Chinese cities hit its highest since 2019 as of …
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Russia sees GDP growing by 2.6% in 2024-25 -economy minister
by Reutersby ReutersMOSCOW (Reuters) -Russia’s economy is expected to expand by 2.6% in 2024-2025 thanks to domestic consumer and investment demand, Economy Minister Maxim Reshetnikov said on Wednesday, after falling this year …
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Samsung Elec’s Lee says SoftBank’s Son expected to visit Seoul -media
by Reutersby ReutersSEOUL (Reuters) – Samsung Electronics Vice chairman Jay Y. Lee said on Wednesday that SoftBank Group Corp CEO Masayoshi Son is expected to visit Seoul next month, multiple South Korean …
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Julius Baer enters onshore China market with GROW partnership
by Reutersby ReutersZURICH (Reuters) -Julius Baer is making a low-double-digit-million dollar equity investment in GROW, a China-based domestic asset management company, as part of a strategic alliance, the Swiss wealth manager said …
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Analysis-Rally in U.S. consumer stocks teeters with Fed, inflation in focus
by Reutersby ReutersBy David Randall NEW YORK (Reuters) – Expectations of more Federal Reserve tightening and economic worries are weighing on a rebound in consumer discretionary stocks, though some investors believe the …
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Will DeSantis Be Convicted For Kidnapping Over Martha’s Vineyard Flights? Experts Say It’s Unlikely
Will DeSantis Be Convicted For Kidnapping Over Martha’s Vineyard Flights? Experts Say It’s Unlikely Trevor Schakohl on September 20, 2022 Republican Florida Gov. Ron DeSantis transported two planes of migrants …
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Tucker Carlson Ridicules Don Lemon For Getting Bamboozled By Guest
‘Fact Tsunami’: Tucker Carlson Ridicules Don Lemon For Getting Bamboozled By Guest Harold Hutchison on September 20, 2022 Fox News host Tucker Carlson roasted CNN host Don Lemon Tuesday evening …
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Putin expands Ukraine war effort, issues nuclear threat to West
by Reutersby ReutersBy Guy Faulconbridge LONDON (Reuters) -President Vladimir Putin on Wednesday ordered Russia’s first mobilisation since World War Two and backed a plan to annex swathes of Ukraine, warning the West …
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China’s Nio takes on BMW, Mercedes in home market with flexible battery plan
by Reutersby ReutersSHANGHAI (Reuters) – Chinese electric-car startup Nio is looking to grab a share of Europe’s growing market for electric vehicles by rolling out a battery leasing and swapping network to …
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Hurricane Fiona slams Turks and Caicos as Category 3 storm, heads for Bermuda
by Reutersby ReutersBy Ivelisse Rivera and Ezequiel Abiu Lopez SAN JUAN, Puerto Rico (Reuters) -Hurricane Fiona slammed into the Turks and Caicos Islands as a powerful Category 3 storm on Tuesday, dumping …
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SYDNEY (Reuters) – Australian animal shelters are overflowing, and the wait to return animals can be as long as eight months as pet owners return to work and face rising …
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UK borrows more than expected in August as Kwarteng prepares mini-budget
by Reutersby ReutersBy Andy Bruce LONDON (Reuters) -Britain’s budget deficit was bigger than expected in August, a reminder of the difficult financial backdrop for new finance minister Kwasi Kwarteng as he readies …
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KUALA LUMPUR (Reuters) – Malaysia’s economy will grow at a slower pace in 2023 compared to this year, finance minister Tengku Zafrul Aziz said in a statement on Wednesday. Zafrul …
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U.S. could dodge EU carbon border levy, bloc’s climate chief says
by Reutersby ReutersBy Kate Abnett BRUSSELS (Reuters) -The United States may be able to avoid the European Union’s plan to slap tariffs on imports of polluting goods based on its similar climate …
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Prices of airline tickets stay high as upkeep woes crimp fleets
by Reutersby ReutersBy Jamie Freed SINGAPORE (Reuters) – Labour shortages and supply chain snarls are making it harder for airlines and lessors to return airplanes grounded during the pandemic to the skies …
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By Julie Gordon OTTAWA (Reuters) – The death of Britain’s Queen Elizabeth has collectors scrambling to secure rare coins and bills bearing her likeness, even as her portrait is set …
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Kurds fear ‘everything will change’ if Syria, Turkey reconcile
by Reutersby ReutersBy Orhan Qereman QAMISHLI, Syria (Reuters) – A decade into their experiment in self-rule, Syria’s Kurds fear an apparent rapprochement between Damascus and their foe the Turkish government could cost …
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Recession alone won’t subdue euro zone inflation – ECB’s de Guindos
by Reutersby ReutersCOLOGNE, Germany (Reuters) -The euro zone may suffer a recession over the winter as risks to the growth outlook are intensifying, but even that is not enough to reduce inflation …
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UniCredit kicks off second buyback for up to 1 billion euros
by Reutersby ReutersMILAN (Reuters) – Italy’s second-biggest bank UniCredit said on Wednesday it was kicking off its second share buyback this year, for up to 1 billion euros ($990 million), which it …
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U.S. fashion brands Forever 21, American Eagle returning to Japan
by Reutersby ReutersTOKYO (Reuters) – Forever 21 and American Eagle Outfitters Inc are set to return to Japan after both U.S. fast-fashion brands exited the market in 2019, according to company announcements …
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Explainer-What’s inside China’s toolbox to rein in excess yuan weakness?
by Reutersby ReutersSHANGHAI (Reuters) – China’s yuan is facing renewed downward pressure, dragged lower by a surging U.S. dollar, a hawkish Federal Reserve and widening monetary policy divergence between the world’s two …
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(Reuters) – Britain’s Intermediate Capital Group is investing 240 million euros ($240 million) in Zeplug, a French firm specialising in electric vehicle (EV) charging services in multi-occupant and office buildings, …
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By Mike Dolan LONDON (Reuters) – With prices falling like a stone as central bank tightening goes into overdrive, buying bonds may appear confused – but perhaps that very confusion …