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..
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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..
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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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UK credit card borrowing rises by most since 2005 – BoE
By David Milliken LONDON (Reuters) – British credit card borrowing grew at the fastest pace since 2005 in the 12 months to July, Bank of England..
FINANCE
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Britain’s bleak outlook sets sterling to downward spiral
Britain’s bleak outlook sets sterling to downward spiral
By Joice Alves LONDON (Reuters) – Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall against the single c..
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Pakistan floods add to pain for struggling small businesses
By Zofeen T. Ebrahim KARACHI, Pakistan (Thomson Reuters Foundation) – Dipping a roller into a tray of blue paint, Mohammad Rashi..
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For refugees in Cameroon, digital IDs are a life changer
By Maikem Emmanuela YAOUNDE (Thomson Reuters Foundation) – As a refugee in Cameroon, Shelley Teckombi Yazembrou struggled for ne..
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Banks, oil majors lift British shares higher
By Bansari Mayur Kamdar and Johann M Cherian (Reuters) -UK’s FTSE 100 reversed early losses on Tuesday, as banks and energy stoc..
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Banks lift European bourses as rate hike, recession fears grow
By Anisha Sircar (Reuters) -European shares rose on Tuesday following a two-day slump as banking stocks boosted bourses on the back of..
INVESTING
Spain August 12-month inflation slows to 10.4% YoY; oil gives a break
(Reuters) – Spanish domestic consumer prices have eased despite remaining high, mainly due to lower fuel prices against a rise i..
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Switzerland’s engineering sector urges country to start energy saving now
ZURICH (Reuters) – Switzerland’s mechanical and electrical engineering sector said on Tuesday that businesses and househol..
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O’Grady to return to Bank of Ireland as CEO – Irish Times
DUBLIN (Reuters) – Bank of Ireland’s board has selected the group’s former chief financial officer Myles O’Gra..
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Parched UAE turns to science to squeeze more rainfall from clouds
By Abir Ahmar ABU DHABI (Reuters) – As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt cani..
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Schlumberger, Subsea 7 and Aker Solutions to form subsea engineering firm
OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas con..
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PIMCO cut big position in Russia CDS by adding bonds in Q2
By Davide Barbuscia NEW YORK (Reuters) – PIMCO’s largest investment fund bought Russia government international bonds and ..
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Toyota’s July global vehicle output drops again, puts annual target in doubt
(Reuters) -Toyota Motor Corp said on Tuesday its July global vehicle production had fallen 8.6% year-on-year, missing its target for t..
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