Explainer-Why are British lender Metro Bank’s shares plunging?
LONDON (Reuters) – Mid-sized British lender Metro Bank saw its shares plunge more than 25% on Thursday following reports it is t..
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Oil prices fall again; demand worries outweigh tight supply
HOUSTON (Reuters) -Oil prices fell about 2% on Thursday, extending the previous session’s nearly 6% losses, as an uncertain de..
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UK to examine Amazon and Microsoft’s cloud dominance
LONDON (Reuters) -Britain’s media regulator on Thursday asked the country’s antitrust authority to investigate U.S. tech g..
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Analysis-When, not if, Europe copies Wall Street share trading reform
LONDON (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share t..
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Citigroup outlines layoff process, reassignments as overhaul takes shape
By Lananh Nguyen, Saeed Azhar and Tatiana Bautzer NEW YORK (Reuters) -Citigroup managers are reviewing staff rosters to determine by ..
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Dollar, stocks slip amid still tight U.S. labor market
NEW YORK/LONDON (Reuters) -The dollar eased and a gauge of global equities slipped on Thursday as investors grappled with U.S. unemplo..
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Greedy beast’ of inflation not yet defeated, Bundesbank chief says
FRANKFURT (Reuters) – Euro zone inflation is falling but the fight is not yet won and the high rate of underlying price growth ..
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Pound dips after weak UK construction data, BoE survey
By Samuel Indy LONDON (Reuters) – The British pound dipped against the U.S. dollar and the euro on Thursday after data s..
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Alstom cash flow warning wipes $3 billion off train maker’s value
(Reuters) -Alstom’s shares plunged by as much as 38% in Paris on Thursday after the French train maker slashed its full-year fr..
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Jewellery retailer Pandora raises growth targets, shares jump
By Helen Reid LONDON (Reuters) -Jewellery retailer Pandora raised its growth targets on Thursday, saying investments in the brand and..
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Novo Nordisk’s Wegovy bonanza looms large in Denmark
COPENHAGEN (Reuters) – The whirlwind success of weight-loss treatment Wegovy is providing a bonanza not just for its developer, ..
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Birkenstock the latest shoe IPO to drop in a tough market
(Reuters) – Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to ..
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UK new car sales rise about 20% in September, says industry body SMMT
(Reuters) – New car sales in Britain rose roughly 20% in September from a year earlier, driven largely by an increase in registr..
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UK PM Sunak offers billions for new links after scrapping HS2 northern leg
By Alistair Smout and Sarah Young MANCHESTER (Reuters) – British Prime Minister Rishi Sunak cancelled the northern leg of the c..
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Europe could become energy self-sufficient in $2 trillion push – study
FRANKFURT (Reuters) – Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around ..
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World’s biggest bond markets steady after heavy selloff
By Alun John and Naomi Rovnick LONDON (Reuters) -A broad selloff in world government bonds on Wednesday drove up U.S. 30-year Treasur..
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UK business downturn eases after inflation data, BoE pause – PMI
LONDON (Reuters) – British services companies suffered a less severe downturn in September than first feared, reflecting a surp..
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Euro zone economy likely contracted in Q3 amid waning demand
By Jonathan Cable LONDON (Reuters) – The euro zone economy probably shrank last quarter, according to a survey which showed dem..
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Global bond rout deepens before receding on relief rally
NEW YORK/LONDON (Reuters) -A rout in government bond markets deepened on Wednesday with benchmark U.S. yields hitting fresh 16-year hi..
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ECB’s Centeno says rate cycle likely completed, inflation retreating
LISBON (Reuters) -The cycle of interest rate hikes by the European Central Bank has likely come to an end as inflation across the euro..
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Factbox-Italy feels health sector pinch as Europe struggles post COVID-19
ROME (Reuters) – Italy’s government has warned that a shortage of doctors and nurses in the national health service repres..
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Euro zone Aug producer prices edge up month-on-month as expected, plunge year-on-year
BRUSSELS (Reuters) – Euro zone producer prices edged higher as expected month-on-month in August and plunged year-on-year on a s..
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Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock
HOUSTON (Reuters) – Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy’s main liquefi..
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Central bank test lab develops global bitcoin mapping system
LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities..
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Russian car sales jump in September as Chinese brands expand market share
(Reuters) – Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, an..
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Sanofi to co-develop Teva Pharmaceutical’s Colitis, Crohn’s drug
JERUSALEM (Reuters) – Teva Pharmaceutical Industries said on Wednesday it will collaborate with French drugmaker Sanofi to co-de..
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Britain’s SSE sees weaker half-year profit on subdued renewables output
(Reuters) -British power generator and network operator SSE Plc on Wednesday said it expects to report half-year adjusted earnings of..
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Britain’s Tesco upgrades outlook as inflation eases
LONDON (Reuters) -Tesco, Britain’s biggest supermarket, upgraded its annual profit guidance on Wednesday as food inflation eased..
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Spotify Premium to include free access to audiobooks in UK, Australia
(Reuters) – Spotify said on Tuesday that users of its premium services in the UK and Australia would now have 15 hours of free ..
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UK’s Petrofac gets over $600 million carbon capture contract from ADNOC Gas
(Reuters) -UK oil services firm Petrofac said on Tuesday it got a more than $600 million contract from ADNOC Gas for the Habshan carbo..
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Banks behind 70% jump in greenwashing incidents in 2023 -report
LONDON (Reuters) – The number of instances of greenwashing by banks and financial services companies around the world rose 70% i..
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Countries pledge to raise $12 billion to fund coral reef protection
By David Stanway SINGAPORE (Reuters) – An alliance of nations said on Tuesday members would raise $12 billion to protect coral ..
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UK’s Greggs shows resilience with quarterly sales rise
LONDON (Reuters) -British baker and fast food chain Greggs kept its full-year outlook as underlying sales rose in the third quarter an..
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Rouble recovers slightly after slide past 100 vs dollar
(Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on ..
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UK shop price inflation at lowest in a year – BRC
LONDON (Reuters) – Prices in British store chains rose at the slowest pace in a year in September, according to industry data th..
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Visa launches $100 million venture fund for generative AI startups
(Reuters) – Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) s..
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Oil tumbles 2% to 3-week low on strong dollar, profit taking
NEW YORK (Reuters) -Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar ..
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