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Pandora braces for recession despite resilient demand

Pandora braces for recession despite resilient demand

By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danish jewellery maker Pandora reported third-quarter sales just above expectations on Tue..

Munich Re firmly sticks to 2022 target after quarterly profit rise

Munich Re firmly sticks to 2022 target after quarterly profit rise

FRANKFURT (Reuters) – Munich Re on Tuesday said it posted a 44% rise in net profit in the third quarter, despite big claims from..

Commerzbank, Norsk Hydro to invest 600 million euro into 1 GW of Danish solar

Commerzbank, Norsk Hydro to invest 600 million euro into 1 GW of Danish solar

By Nora Buli OSLO (Reuters) – A joint venture of subsidiaries of Germany’s Commerzbank and Norway’s Norsk Hydro will..

Factbox-‘Beaver blood moon’ offers world’s last total lunar eclipse until 2025

Factbox-‘Beaver blood moon’ offers world’s last total lunar eclipse until 2025

By Steve Gorman (Reuters) – Nighttime skywatchers from East Asia to North America will be treated to the rare spectacle of a ..

Developing countries need $1 trillion a year in climate finance -report

Developing countries need $1 trillion a year in climate finance -report

SHARM EL-SHEIKH, Egypt (Reuters) – Developing countries need to work with investors, rich countries and development banks to sec..

Bosch agrees to pay $25 million to settle California diesel emissions probe

Bosch agrees to pay $25 million to settle California diesel emissions probe

By David Shepardson (Reuters) -German auto supplier Bosch has agreed pay $25 million to resolve California’s probe into the comp..

UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph

UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph

(Reuters) – British Finance Minister Jeremy Hunt is to announce a tax raid on inheritance as he attempts to balance the books in..

Global hedge funds advance in October amid stocks rally

Global hedge funds advance in October amid stocks rally

NEW YORK (Reuters) – Global hedge funds posted a 2% gain in October, helped by a rally in stock markets and a combination of hig..

New Swedish government to cut fuel taxes, boost defence, police in budget

New Swedish government to cut fuel taxes, boost defence, police in budget

STOCKHOLM (Reuters) – Sweden’s new right-wing government will cut fuel taxes and give extra cash to the military and polic..

Ford’s EV guru Field talks bottlenecks and opportunities

Ford’s EV guru Field talks bottlenecks and opportunities

By Paul Lienert (Reuters) – An inadequate charging network and insufficient access to battery raw materials are critical bottlen..

Green Investment Group to launch battery storage platform

Green Investment Group to launch battery storage platform

LONDON (Reuters) – The Green Investment Group (GIG), owned by Macquarie Asset Management, will launch a new platform to develop ..

Germany should hike taxes on rich to finance relief packages, advisers say – report

Germany should hike taxes on rich to finance relief packages, advisers say – report

BERLIN (Reuters) – Germany’s economic advisory council will recommend the government raise taxes on the wealthy to help fi..

Ireland to sell 8% of its majority stake in AIB in one go

Ireland to sell 8% of its majority stake in AIB in one go

DUBLIN (Reuters) – The Irish government received more than enough demand to cover the sale of 8% of its majority stake in Allied..

Factbox-Strikes, protests in Europe over cost of living and pay

Factbox-Strikes, protests in Europe over cost of living and pay

(Reuters) – European countries are facing strikes and protests due to high energy prices and mounting costs of living. Here are ..

At COP27, climate ‘loss and damage’ funding makes it on the table

At COP27, climate ‘loss and damage’ funding makes it on the table

By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Warned that mounting economic crises should not delay ac..

Negotiating our future’: Youth set to grab power roles at COP27

Negotiating our future’: Youth set to grab power roles at COP27

By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Fiji’s Sivendra Michael was just a year old when P..

How mixing farms with forests can help the UK reach net zero

How mixing farms with forests can help the UK reach net zero

By Rachel Parsons PETERBOROUGH, England (Thomson Reuters Foundation) – Stephen Briggs popped open his pocket knife, carved a wed..

German industry calls for delay to global minimum tax – BDI

German industry calls for delay to global minimum tax – BDI

BERLIN (Reuters) – German industry has called for a delay to a global minimum corporate tax by at least a year to 2025 to give c..

British minister to meet Taiwan president, drawing China’s anger

British minister to meet Taiwan president, drawing China’s anger

TAIPEI (Reuters) – A British minister will visit Taiwan this week for trade talks and meet President Tsai Ing-wen, his office sa..

Russia’s Sberbank sues Glencore for $116 million over oil supplies

Russia’s Sberbank sues Glencore for $116 million over oil supplies

MOSCOW (Reuters) – Russia’s largest lender, Sberbank, is suing global commodities trader Glencore for around 117 million e..

‘Mini-budget’ fallout hits UK house prices in October – Halifax

‘Mini-budget’ fallout hits UK house prices in October – Halifax

LONDON (Reuters) -British house prices fell in October at the fastest monthly rate since February 2021, a fresh sign of weakness in th..

Analysis-Runaway prices have central Europe on the ropes

Analysis-Runaway prices have central Europe on the ropes

By Gergely Szakacs and Anna Wlodarczak-Semczuk BUDAPEST/WARSAW (Reuters) – While inflation in western Europe is largely expected..

China’s COVID resurgence spurs new curbs, Foxconn imposes restrictions

China’s COVID resurgence spurs new curbs, Foxconn imposes restrictions

SHANGHAI (Reuters) – China’s escalating COVID-19 resurgence has spurred authorities and companies, including key iPhone ma..

Oil prices slide as hopes for China demand rebound fade

Oil prices slide as hopes for China demand rebound fade

By Florence Tan SINGAPORE (Reuters) -Oil prices fell more than $1 a barrel on Monday after Chinese officials on the weekend reiterated..

Six in ten Britons will spend less at Christmas -Deloitte survey

Six in ten Britons will spend less at Christmas -Deloitte survey

LONDON (Reuters) – Six in ten Britons believe they will have less money to spend over the Christmas period than last year, accor..

“Live up to your climate promises,” UK PM will say

“Live up to your climate promises,” UK PM will say

SHARM EL-SHEIKH, Egypt (Reuters) – British Prime Minister Rishi Sunak will on Monday use a speech at the United Nations climate ..

Facebook parent Meta is preparing large-scale layoffs this week – WSJ

Facebook parent Meta is preparing large-scale layoffs this week – WSJ

(Reuters) – Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the W..

ECB, UniCredit clash over capital plans, Russia presence, FT says

ECB, UniCredit clash over capital plans, Russia presence, FT says

(Reuters) – The European Central Bank (ECB) has clashed with UniCredit over the Italian lender’s plans to return cash to s..

Twitter asks some laid off workers to come back, Bloomberg reports

Twitter asks some laid off workers to come back, Bloomberg reports

(Reuters) – After Twitter Inc laid off roughly half its staff on Friday following Elon Musk’s $44 billion acquisition, the..

Euro zone downturn deepened in Oct, winter recession likely -PMI

Euro zone downturn deepened in Oct, winter recession likely -PMI

LONDON (Reuters) – Euro zone business activity contracted last month at the fastest pace since late 2020 as high inflation and f..

Shares in Monte dei Paschi plunge 14% after capital raise

Shares in Monte dei Paschi plunge 14% after capital raise

MILAN (Reuters) – Shares in Monte dei Paschi di Siena plunged 14% on Friday, triggering an automatic trading suspension, after t..

German industrial orders drop in Sept on foreign demand slump

German industrial orders drop in Sept on foreign demand slump

BERLIN (Reuters) – German industrial orders fell more than expected in September, weighed down by a sharp fall in foreign demand..

Nissan says talks with Renault focused on better competing in electric cars

Nissan says talks with Renault focused on better competing in electric cars

By Kevin Krolicki and David Dolan TOKYO (Reuters) -Nissan Motor Co’s talks with Renault SA are focused on optimising their inves..

UK new car sales up by nearly a quarter in October – SMMT

UK new car sales up by nearly a quarter in October – SMMT

(Reuters) – British new car registrations rose for the third consecutive month in October, up by around a quarter, according to ..

British PM Sunak expected to shelve plans to privatise Channel 4 -FT

British PM Sunak expected to shelve plans to privatise Channel 4 -FT

(Reuters) – British Prime Minister Rishi Sunak is expected to put off the proposed privatisation of publicly-owned broadcaster C..

Britain’s Prince William unveils finalists for Earthshot environmental prize

Britain’s Prince William unveils finalists for Earthshot environmental prize

LONDON (Reuters) – Britain’s Prince William on Friday unveiled the finalists for his Earthshot prize, which awards 1 milli..

North Korea fires artillery into sea as South Korea and U.S. pledge cooperation

North Korea fires artillery into sea as South Korea and U.S. pledge cooperation

SEOUL (Reuters) -North Korea fired about 80 artillery rounds into a maritime border zone overnight, South Korea said on Friday, as def..