UK retail sales fall in May after April rise, outlook less gloomy: CBI
LONDON (Reuters) – British retail sales declined this month after a modest rise in April but stores expect sales volumes to stab..
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Armani sales up 18% in Q1 as Asia rebounds, U.S. slows down
MILAN (Reuters) – Italy’s Armani said on Thursday that sales jumped 18% in the first quarter thanks to a rebound in Asia ..
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Analysis-Europe hits resistance in race to finalise green laws
By Kate Abnett BRUSSELS (Reuters) – Increased political resistance to new EU laws to protect the environment has left the Europ..
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Oil eases as Russia downplays additional OPEC+ cuts
LONDON (Reuters) -Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further ..
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British EV maker Arrival seeks second chance with US EV tax credits
By Paul Lienert and Nick Carey DETROIT/BICESTER, England (Reuters) – British electric van startup Arrival, which has hit many r..
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Ericsson beats US shareholder lawsuit over graft disclosures
(Reuters) – Swedish telecoms company Ericsson beat a lawsuit by U.S. shareholders on Wednesday, when a federal judge ruled it di..
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Dollar gains after Fitch watch heightens debt ceiling jitters
TOKYO (Reuters) – The dollar pushed to a two-month peak against a basket of its peers on Thursday as worries mounted about a dis..
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Enel suspends Colombia wind farm construction after years of protests
BOGOTA (Reuters) – The Colombian unit of Italy’s biggest utility, Enel, indefinitely suspended the construction of a wind..
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UK car output up 9.9% y-o-y in April as supply chain issues ease
(Reuters) – The number of cars made in Britain rose by 9.9% year-over-year in April as easing supply chain snarls helped boost p..
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BoE’s Bailey says ‘big lessons’ to be learned from UK inflation surge
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the British central bank had “very big lessons to learn..
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Watchdog proposes first set of global rules for crypto sector
LONDON (Reuters) -International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and ..
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Denmark to boost healthcare with an extra $739 million per year
COPENHAGEN (Reuters) -Denmark will use stronger-than-expected economic growth to boost its healthcare system with an extra 5 billion D..
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Germany’s Lufthansa orders four Airbus planes
(Reuters) – German flagship carrier Lufthansa signed a contract to purchase four additional Airbus A350-900 long-haul planes, t..
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Drahi boosts stake in BT to 24.5%, will not make an offer
By Sarah Young LONDON (Reuters) -Billionaire Patrick Drahi has increased his stake in BT to 24.5% but reiterated that he does not pla..
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High inflation helps to swell UK budget deficit in April
By Andy Bruce LONDON (Reuters) -Britain borrowed more than expected in April as high inflation pushed the government’s debt int..
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Services drive acceleration in German business activity in May -flash PMI
BERLIN (Reuters) – German business activity expanded for a fourth month running in May, driven exclusively by a services sector ..
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UK meat producer Cranswick’s full-year profit rises on strong demand
(Reuters) -Cranswick Plc on Tuesday reported a rise in full-year profit, as the British meat producer saw strong demand for gourmet me..
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Euro 7 emissions standard to cost many times EC forecasts -industry group
LONDON (Reuters) – Proposed Euro 7 emissions regulations will lead to direct costs for auto manufacturers that are up to 10 time..
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Meta fined $1.3 billion over data transfers to US – WSJ
(Reuters) – Facebook owner Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user..
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Britain chips away at NatWest stake with $1.6 billion share sale
By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 bil..
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Explainer-How Wall Street is preparing for possible US debt default
By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – As talks over raising the U.S. government’s $31.4 ..
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Markets edgy as US debt ceiling talks near crunch time
By Stella Qiu SYDNEY (Reuters) – Asian stocks and Wall Street futures struggled on Monday as U.S. debt ceiling negotiations app..
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Oil slips as U.S. debt caution offset supply concerns
By Florence Tan SINGAPORE (Reuters) -Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about de..
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Energy costs for most British households to fall 18% from July -Cornwall Insight
LONDON (Reuters) – Energy costs for most British households are expected to fall around 18% from July with regulator Ofgem poise..
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ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde
MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in the medium term, its preside..
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Oil rebounds on fading risk of U.S. debt default
By Noah Browning LONDON (Reuters) -Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned ca..
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Siemens Energy close to selling stake in Windar Renovables – source
(Reuters) – Siemens Energy is close to striking a deal to sell Siemens Gamesa’s 32% stake in Windar Renovables, a source ..
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Stocks reach one-month high on U.S. debt ceiling hopes
LONDON, SINGAPORE (Reuters) -Global shares rose to a one-month high and the dollar trounced major currencies on Friday as markets refl..
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UK’s Nationwide to pay 340 million pounds to customers after profit leap
LONDON (Reuters) -British lender Nationwide will pay its customers 340 million pounds ($429 million) through payments to their current..
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Japan’s inflation stays above BOJ’s target, key gauge hits four-decade high
By Takahiko Wada and Leika Kihara TOKYO (Reuters) -Japan’s core consumer inflation stayed well above the central bank’s 2..
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Ripple buys crypto custody firm Metaco for $250 million
(This May 17 story has been corrected to clarify that the token is called XRP, not Ripple, in paragraph 9) By Elizabeth Howcroft LONDO..
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Burberry shares drop as weak US demand overshadows China rebound
LONDON (Reuters) -British luxury fashion brand Burberry on Thursday reported stronger-than-expected fourth quarter sales driven by a r..
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Aston Martin stock soars after $295 million on Geely investment
(Reuters) -Aston Martin’s stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investme..
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Japanese businesses pledge UK investment ahead of Sunak meeting
LONDON (Reuters) – Japanese businesses have committed to invest almost 18 billion pounds ($23 billion) in Britain ahead of a me..
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Australia’s push for faster EV uptake will be slow to charge
(This May 17 story has been corrected to say the rollout of chargers started small due to grid issues, not scaled back due to grid is..
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Credit Suisse bond wipe-out will not trigger credit insurance payout
By Chiara Elisei LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee ..
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UK has held productive discussions with EU over car tariffs – minister
LONDON (Reuters) – Britain has had productive discussions with the European Union about changing trading arrangements for car ma..
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