Meta takes aim at Twitter with Threads app, millions join
NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in ho..
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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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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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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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Panasonic needs four more EV battery plants, executive says
OSAKA, Japan (Reuters) -The battery arm of Japan’s Panasonic will need to build four more factories to reach its target for a sh..
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UK year-ahead inflation expectations rise to 5%: Citi/YouGov
LONDON (Reuters) -The British public’s expectations for inflation over the coming year rose in June but long-run expectations ea..
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