Volkswagen ready to act amid China metal export curbs
(Reuters) – Volkswagen on Thursday said it was monitoring the situation on the raw materials markets after China announced it wo..
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World Cup fever lifts Qatar Airways revenue to record high
DUBAI (Reuters) -Qatar Airways late on Wednesday reported a record annual revenue of 76.3 billion riyals ($21 billion), underpinned by..
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Foxconn chairman holds talks with Sharp employees in Japan after profit slump
TAIPEI (Reuters) -Foxconn Chairman Liu Young-way held talks with senior and mid-level employees at Japan’s Sharp this week and d..
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Samsung profit likely lowest in more than 14 years as chip glut persists
SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in mor..
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UK regulator orders investment funds to manage liquidity better
LONDON (Reuters) – Some asset managers face sanctions for failing to manage liquidity properly, posing risks to market stability..
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US crude oil gains on supply cuts, focus shifts to holiday demand
BENGALURU (Reuters) – U.S. crude oil gained about 3% on Wednesday, narrowing the price gap with global benchmark Brent in a post..
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SMEs must get ready to accept digital ID or get left behind
By Nick Mothershaw, Chief Identity Strategist at the Open Identity Exchange (OIX) Digital ID will be a game changer for all businesses..
Business
How to remain competitive and ensure growth in a volatile market environment
Whilst the eurozone narrowly avoided a recession in the first quarter of 2023 (source), growth in the UK and most EU economies stalled..
Business
Euro zone consumers see lower inflation ahead – ECB poll
FRANKFURT (Reuters) -Euro zone consumers in May cut their inflation expectations again for the following 12 months, although they stil..
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Adidas HR chief latest board member to leave since arrival of Gulden as CEO
BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than..
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SBI Holdings to help Taiwan’s Powerchip build a plant in Japan
TOKYO (Reuters) – Financial firm SBI Holdings said on Wednesday it would help Taiwan’s Powerchip Semiconductor Manufacturi..
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British lawmakers say new health agency had weak financial controls
LONDON (Reuters) – The UK Health Security Agency was set up with financial controls that were so weak parliament cannot establis..
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Thai headline inflation at 22-month low, lowers 2023 price rise forecast
BANGKOK (Reuters) -Thailand’s annual headline inflation unexpectedly rose in June but at its slowest pace in 22 months, and the ..
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Singapore’s fight against inflation still on amid uncertain growth outlook -central bank
SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top fi..
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Lamborghini sells out combustion engine models – WELT
(Reuters) – Lamborghini’s combustion engine models are sold out until the end of production, its chief executive was quote..
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China Investment sells some shares in Teck Resources
(Reuters) – China investment corporation (CIC) said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, so..
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EV batteries remain major challenge for insurers – UK’s Thatcham
LONDON (Reuters) – A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs..
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Cyber insurance rates drop 10% in June -report
LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate ri..
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UK refutes claims it is dropping $14.76 billion climate pledge
(Reuters) -The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, afte..
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Italy’s finances creak as budget deficit climbs in Q1
ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared wit..
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Oil up as market weighs supply cuts against gloomy economic outlook
LONDON (Reuters) -Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russ..
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German retailers face 4% slump in sales in real terms in 2023 – HDE
BERLIN (Reuters) – German retailers expect to bring in 4% less sales income this year than last in real terms as inflation remai..
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UniCredit appoints new head of digital to replace Jingle after two years
MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital an..
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Chinese smartphones sales exceed 70% of Russian market
(Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading cons..
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Sainsbury’s says UK food inflation falling as sales rise
LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to ..
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Twitter says users must be verified to access TweetDeck
(Reuters) -Twitter users will soon need to be verified in order to use TweetDeck, the social media company said in a tweet on Monday. ..
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Arrival, Nikola signal more pain for EV startups
(Reuters) -Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery un..
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Amazon rolls out first European Rivian vans in Germany
(Reuters) – E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany ..
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Japan’s top lenders in fresh drive to win US investment banking deals
TOKYO (Reuters) -Japan’s top lenders aim to carve out a larger presence in U.S investment banking as they look to make better us..
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Cinepolis exec seen as CEO candidate for Cineworld – Sky News
(Reuters) – Cineworld Group is looking at Eduardo Acuna, who runs the Americas operations of Mexico’s Cinepolis, as a pote..
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Decentralized identifiers: An important next step on the path to decentralized identity?
By Travis Spencer CEO of Curity There’s been significant hype around the concept of the decentralized web with technologies like block..
Technology
UK demands better deal for drivers in road fuel market
LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every petrol station o..
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Oil giants drill deep as profits trump climate concerns
LONDON (Reuters) -Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some..
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UBS goes on hiring spree for wealth managers catering to rich Americans
NEW YORK (Reuters) -UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers cullin..
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World stocks rally, Nikkei closes at 33-year peak
LONDON (Reuters) -World stocks rose to a two-week peak on Monday, with Japan’s Nikkei closing at its highest level in 33 years, ..
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UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates
By Iain Withers LONDON (Reuters) -British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped cus..
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Casino shares plunge as supermarket chain faces increased default risk
PARIS (Reuters) -Shares in France’s Casino plunged by as much as 20% to fresh record lows on Monday after the supermarket chain ..
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