Volkswagen picks firm for Xinjiang site labour audit -sources
SHANGHAI/FRANKFURT/BERLIN (Reuters) – Volkswagen has found a company to conduct a labour audit at a site in Xinjiang, China, whi..
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EU Commission proposes measures to curb microplastic pollution from pellets
By Marine Strauss and Julia Payne BRUSSELS (Reuters) -The European Commission proposed measures on Monday to prevent microplastic poll..
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Global smartphone market slumps to lowest Q3 level in decade – Counterpoint
(Reuters) – The global smartphone market contracted by 8% to its lowest third-quarter level in a decade on subdued demand for ma..
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Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses
LONDON (Reuters) – Britain on Monday unexpectedly scrapped “burdensome” draft rules is has already put to parliament..
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Dollar gains against yen, eases against euro
By Karen Brettell NEW YORK (Reuters) – The dollar was mixed on Monday before a week heavy with speeches by Federal Reserve offic..
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Pfizer’s foggy COVID outlook hits vaccine maker shares
By Michael Erman and Manas Mishra (Reuters) -Pfizer on Monday set off a fresh round of concern about the size of the COVID-19 vaccine ..
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Italy unveils tax-cutting 2024 budget amid debt worries
By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s government on Monday approved a budget for next year with measures wor..
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Bank of England considers changes to regulation of foreign bank branches
By Huw Jones LONDON (Reuters) -The Bank of England said on Monday it was thinking about possible changes to how it regulates branches ..
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Oil fall below $90 a barrel on report of US-Venezuela deal
By Erwin Seba HOUSTON (Reuters) -Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctio..
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As global debt worries mount, is another crisis brewing?
LONDON (Reuters) – Record debts, high interest rates, the costs of climate change, health and pension spending as populations ag..
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Wall Street rallies, Treasury yields rise as high profile earnings loom
NEW YORK (Reuters) – Wall Street rebounded from Friday’s selloff and benchmark Treasury yields rose as investors embarked ..
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Tesla earnings: investors watching margins, deliveries, self-driving
By Akash Sriram (Reuters) – Tesla’s margins are likely to drop in the third quarter and take a bigger hit in the last thre..
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BioNTech warns of write-off of up to 900 million euros on COVID vaccine
BERLIN (Reuters) – Shares in Germany’s BioNTech fell on Monday after it flagged write-downs of up to 900 million euros ($9..
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Bayer to introduce its direct-seeded rice system in the Philippines
MANILA (Reuters) – Bayer AG said on Monday it plans to bring its direct-seeded rice programme to the Philippines in 2024, offeri..
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Polish stocks rise in first session after parliamentary election
GDANSK (Reuters) – Polish stocks rallied on Monday after the ruling nationalists looked to have fallen short of a parliamentary ..
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Atos Chairman Meunier steps down amid shareholders’ uproar
(Reuters) – Atos Chairman Bertrand Meunier has stepped down, the French IT consulting group said on Monday, following an uproar ..
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Dollar buoyed by safe-haven bids, rate jitters
By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East es..
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Artificial heart maker Carmat completes 7 million euro capital increase
PARIS (Reuters) – Artificial heart maker Carmat, whose financial situation has been under pressure, said on Monday that it had c..
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KKR prepares binding bid for Telecom Itali a’s grid as deadline looms
MILAN (Reuters) – U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia’s (TIM) landline grid by..
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Dollar softens slightly, yen in touching distance of 150
By Samuel Indyk and Brigid Riley LONDON (Reuters) – The U.S. dollar edged lower on Friday after its biggest daily increase since..
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Porsche: deliveries up in every region but China in first 9 months of 2023
BERLIN (Reuters) – Porsche said on Friday that deliveries worldwide for the first nine months of 2023 were up 10% on the year, r..
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Map maker TomTom’s Q3 loss narrows boosted by car branch growth
(Reuters) -Digital mapping specialist TomTom on Friday reported a smaller than expected operating loss for the third quarter, driven b..
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Singapore Q3 GDP up 0.7% y/y
SINGAPORE (Reuters) – Singapore’s economy grew faster than expected in the third quarter, preliminary government data show..
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EU opens probe into X in test of new tech rules, pressure on TikTok, Meta
By Foo Yun Chee and Sheila Dang BRUSSELS/DALLAS (Reuters) -EU industry chief Thierry Breton on Thursday opened an investigation into E..
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Ericsson books $3 billion impairment, says Q3 core profit fell 39%
STOCKHOLM (Reuters) -Ericsson on Wednesday announced a 32 billion Swedish crown ($2.9 billion) impairment charge related to its acquis..
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Travis Perkins shares sink as weak housing market prompts profit warning
By Sarah Young LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, downgraded its annual profit ..
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Asia stocks hit 2-week high as Fed talk turns dovish
By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets rose on Wednesday and the dollar beat a retreat as a dovish shi..
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Euribor revamp aims to attract wider pool of banks
LONDON (Reuters) – Administrators of the Euribor bank-to-bank lending rate are proposing a revamp of the borrowing benchmark fro..
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HP forecasts 2024 profit in line with estimates, boosts annual dividend
(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting s..
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Exclusive-EU push for Big Tech to fund 5G rollout shelved to 2025, sources say
By Foo Yun Chee BRUSSELS (Reuters) -Europe’s telecoms operators pushing for Big Tech to help pay for the rollout of 5G and broad..
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Court OKs Mallinckrodt restructuring, $1 billion cut to opioid settlement
By Dietrich Knauth (Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from wha..
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Estonia launches investigation into underwater communications cable malfunction -PM
(Reuters) – Estonia has launched an investigation into the malfunction of communications cable connecting it to Finland under th..
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IMF says global economy ‘limping along’, cuts growth forecast for China, euro zone
By Andrea Shalal MARRAKECH, Morocco (Reuters) -The International Monetary Fund on Tuesday cut its growth forecasts for China and the e..
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Ireland lays out plans for 100 billion euro sovereign wealth fund
By Padraic Halpin and Graham Fahy DUBLIN (Reuters) -Ireland laid out plans in Tuesday’s budget to turn some of the healthiest pu..
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Soccer-UK and Ireland to host Euro 2028, Italy and Turkey get Euro 2032
NYON, Switzerland(Reuters) -The United Kingdom and Ireland will host the 2028 European Championship, while Italy and Turkey will st..
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Bank of England to review how it stress tests banks
By Huw Jones LONDON (Reuters) – Britain’s banking system is well capitalised to withstand shocks the Bank of England said ..
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IMF says ‘weak tail’ of banks could struggle in an economic downturn
By Pete Schroeder and Elisa Martinuzzi WASHINGTON (Reuters) -Around 5% of banks globally are vulnerable to stress if central bank inte..
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