Volkswagen’s Mexico factory workers reject union pay deal
MEXICO CITY (Reuters) – Volkswagen workers at its main Mexico factory rejected a deal for a 9% pay hike, an official statement s..
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Standard Chartered rolls out digital bank in hot Singapore market
SINGAPORE (Reuters) – Standard Chartered and FairPrice Group on Thursday rolled out their digital bank focusing on SingaporeR..
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UK house prices speed up but slowdown coming, Nationwide says
LONDON (Reuters) – British house prices rose at a faster monthly pace in August than in July but the market is set to cool as su..
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Marketmind: Moment in the sun
A look at the day ahead in European and global markets from Tom Westbrook Summer may be finished, but the hot sun is helping energy pr..
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Amazon introduces seller storage service to tackle supply chain woes
(Reuters) – Amazon.com Inc introduced a new service on Wednesday to help its sellers store bulk inventory and ease distribution ..
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Exclusive-Naftogaz CEO prepared to step down if it would facilitate debt deal
By Andrea Shalal KYIV (Reuters) – The head of state-run Ukranian energy company Naftogaz is ready to step down if it would help ..
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Global body urges EU to make company life simpler by aligning climate reporting
By Huw Jones LONDON (Reuters) – The European Union should make extra time to align its policies with international rules on repo..
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Botswana awards Norway’s Scatec first large-scale solar plant contract
GABORONE (Reuters) – State-owned Botswana Power Corporation (BPC) has awarded Norwegian company Scatec ASA a contract to build a..
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French sugar makers to start output early as energy curbs loom
By Sybille de La Hamaide PARIS (Reuters) -France’s two largest sugar makers Tereos and Cristal Union will bring forward the star..
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Hackers hit Italian oil company Eni’s computer networks
(Reuters) -Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far..
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Russia jobless rate stays at record low of 3.9% in July
MOSCOW (Reuters) – The number of people unemployed in Russia was 2.9 million in July, or 3.9% of the workforce, with the jobless..
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Barclays announces sale of remaining shares in South Africa’s Absa
LONDON (Reuters) – Barclays will sell its remaining 7.4% stake in South African bank Absa, it said on Wednesday, completing its ..
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Can companies minimise their dependency on cloud service providers?
By Rob Otto, Field CTO EMEA at Ping Identity In the first three months of 2022 alone there were 266 security incidents, re..
TECHNOLOGY
Income diversification is not just the future: it is now
By Ali Hamriti, Co-Founder and CEO at Rollee As the “self-employed status” is booming, younger generations have embr..
FINANCE
Russia’s Gazprom expects increase in 2022 revenue
MOSCOW (Reuters) -Russian gas giant Gazprom showed very good results in the first half and its 2022 revenue will exceed last year̵..
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EDF staff, shareholders file complaint over management
By Julien Ponthus and Tassilo Hummel PARIS (Reuters) – An association of EDF staffers and shareholders seeking a higher price fo..
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UniCredit gets ECB’s green light for second 1 billion euro share buyback
By Valentina Za MILAN (Reuters) – UniCredit on Wednesday said it had gained supervisory approval for a new share buyback of up t..
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Spanish toddler dies after being hit by giant hailstone
MADRID (Reuters) – A 20-month-old girl died after being struck on the head during a violent hailstorm that caused havoc in Catal..
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Foreign tourism to Portugal surpasses pre-COVID levels in July
LISBON (Reuters) – The number of foreign tourists visiting Portugal slightly surpassed pre-pandemic levels in July for the first..
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Investors flee UK bonds, pushing gilts to huge monthly loss
LONDON (Reuters) -Investors alarmed at Britain’s bleak economic outlook and political uncertainty dumped government bonds on Wed..
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Euro slips back below parity, Norwegian krone falls on planned cbank FX purchases
By Samuel Indyk LONDON (Reuters) – The euro slipped back below parity against the dollar on Wednesday and was on track for its t..
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Britain’s Queen Elizabeth will appoint new prime minister at Balmoral
LONDON (Reuters) -Queen Elizabeth will break with tradition to appoint Britain’s new prime minister at her Balmoral Castle resid..
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Iran deal a wild card for oil market strained by supply risks – Reuters poll
By Swati Verma (Reuters) – A looming EU embargo on Russian oil is expected to exacerbate supply tightness and keep prices in tri..
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Austria grants credit line to Vienna utility squeezed by power price surge
VIENNA (Reuters) – Austria’s government on Wednesday granted a 2 billion euro ($2 billion) credit line to the City of Vien..
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Spain launches free rail travel passes to fight inflation
By Marco Trujillo and Christina Thykjaer MADRID (Reuters) – After struggling a bit with the ticket machine at Madrid’s gra..
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Interest rate and recession fears knock stocks and oil
By Huw Jones LONDON (Reuters) – Record-high inflation in the euro zone compounded recession fears stalking markets on Wednesday ..
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Dutch to spend $16 billion to cushion effects of inflation -media
AMSTERDAM (Reuters) – The Dutch government plans to spend around 16 billion euros ($15.97 billion) next year in an effort to hel..
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High inflation, recession risk widen ECB dilemma
FRANKFURT (Reuters) -Euro zone inflation jumped to another record high and will soon hit double-digit territory, heralding a string of..
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Turkey’s economy grew 7.6% in Q2 driven by domestic demand, exports
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s economy grew 7.6% year-on-year in the second quarte..
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German bonds set for worst month in decades as inflation hits new highs
By Dhara Ranasinghe LONDON (Reuters) – Germany’s borrowing costs rose to their highest level in over two months on Wednesd..
INVESTING
UK energy bill help won’t lower inflation, statisticians rule
By Andy Bruce LONDON (Reuters) -British government energy bill rebates for households cannot be viewed as lowering inflation, official..
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EU to restrict travel rules for Russians, split on how far to go
By Sabine Siebold and Robert Muller PRAGUE (Reuters) -The EU’s foreign policy chief on Wednesday urged bickering nations to sett..
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Foreign business travel missing ingredient for Irish hotel recovery – Dalata
By Padraic Halpin DUBLIN (Reuters) – Executives at Ireland’s large hub of multinational companies are still only going on ..
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Toyota Motor to invest $5.3 billion in Japan, U.S. for EV battery supply
(Reuters) -Toyota Motor Corp said on Wednesday it would invest up to 730 billion yen ($5.27 billion) in Japan and the United States to..
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ECB must swiftly normalise rates; neutral may not be enough, Knot says
ECB must swiftly normalise rates; neutral may not be enough, Knot says
(Reuters) -The European Central Bank must swiftly normalise interest rates as inflation could still go higher and lifting rates to the neutral level, ..
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German EU-harmonised consumer prices up 8.8% y/y in August
German EU-harmonised consumer prices up 8.8% y/y in August
(Reuters) – German consumer prices, harmonised to compare with other European countries, were up 8.8% on the year and rose by 0.4% month-on-mont..
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Factbox-Government measures to ease inflation pain
Factbox-Government measures to ease inflation pain
(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive..
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