Explainer-Oil price surge changes ECB narrative only at the margins
FRANKFURT (Reuters) – An oil production target cut announced by some of the world’s top exporters is bad news for the Euro..
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Finnish centre-right eyes coalition talks as defeated Marin considers future
By Anne Kauranen HELSINKI (Reuters) – Outgoing Finnish Prime Minister Sanna Marin was left to consider her future after she conc..
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HSBC board recommends shareholders vote against spin-off resolution
HONG KONG (Reuters) – HSBC Holdings Plc’s board is unanimous in recommending that shareholders vote against proposals to r..
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German regulator hands EY 2-year audit ban over Wirecard scandal – Handelsblatt
BERLIN (Reuters) – German accounting watchdog APAS has banned EY from taking on new audits for companies of public interest for ..
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Mitsubishi UFJ to postpone AT1 bond issuance in Credit Suisse fallout
TOKYO (Reuters) – Mitsubishi UFJ Financial Group Inc <8306.T> has postponed the issuance of Additional Tier-1 (AT1) debt, ..
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Global factory activity weakens as demand falters
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) – Global factory activity weakened in March as consumers feeling the p..
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Extraordinary rollercoaster’, Good Friday talks remembered 25 years on
By Padraic Halpin and Amanda Ferguson BELFAST (Reuters) – On April 7, 1998, the head of Northern Ireland’s largest unionis..
News
Tesla posts record quarterly deliveries after price cuts, up 4% from Q4
By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla Inc on Sunday posted record quarterly vehicle deliveries, but quarter-on-quart..
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Endeavor nears deal to buy Vince McMahon’s WWE -sources
By Milana Vinn, Anirban Sen and Dawn Chmielewski (Reuters) – Endeavor Group Holdings Inc, the parent of the popular UFC mixed ma..
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Parisians vote to ban e-scooters from French capital
PARIS (Reuters) – An overwhelming majority of Parisians voted to ban electric scooters from the streets of the French capital on..
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BMW bets on design and recycling, not mining, to lower battery costs
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -BMW is betting on efficient design and recycling to bring down battery cos..
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InPost sees better margin in Poland, plans no job cuts this year
By Olivier Sorgho GDANSK (Reuters) -Parcel locker firm InPost forecast on Friday margin improvement in its key Poland market and ruled..
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ABB to launch $1 billion share buyback on April 3
ZURICH (Reuters) – ABB will launch its new $1 billion share buyback on April 3, the Swiss engineering company said on Friday, wi..
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American Exchange Group chooses Infor for ERP modernization
New York-based fashion brand to adopt Infor CloudSuite Fashion to support current and future growth Infor®, the industry clou..
Business
Apollo assures investors deposit flight won’t spill over to Athene
By Chibuike Oguh (Reuters) – Apollo Global Management Inc has been telling investors and analysts in the last few days that its ..
News
Philips expects to reach recall settlements this year
AMSTERDAM (Reuters) – Dutch health technology company Philips expects to reach settlements this year relating to its global reca..
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Nestle closes French Buitoni factory hit by E.coli outbreak
PARIS (Reuters) – Swiss packaged-food giant Nestle is closing a frozen-pizza factory in northern France that saw sales fall shar..
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Iveco to transfer Nordic retail and commercial operations to Hedin
MILAN (Reuters) – Italian truck and bus maker Iveco Group said on Thursday it had struck a preliminary deal with Sweden’s ..
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Petrofac, Hitachi Energy receive $14 billion agreement from TenneT
(Reuters) – Petrofac Ltd said on Thursday it was awarded a 13 billion euro ($14.09 billion) framework agreement with Hitachi Ene..
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Analysis-Rate rises pile pain on SME firms in U.S. and Europe
By Chiara Elisei LONDON (Reuters) – U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid i..
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Polish e-commerce firm Allegro eyes higher Q1 profit
By Anna Pruchnicka (Reuters) -Poland’s biggest e-commerce platform Allegro said on Thursday it expects core earnings to rise in ..
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New York catches up with London to head City’s global centres survey
By Huw Jones LONDON (Reuters) – London is no longer the clear leader among global financial centres after New York rose from sec..
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Soccer-Arsenal reach Women’s Champions League semis for first time since 2013
(Reuters) – Arsenal reached the Women’s Champions League semi-finals for the first time in 10 years after beating Bayern M..
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Ericsson’s board rebuked by shareholders at AGM for second year in a row
STOCKHOLM (Reuters) – Ericsson shareholders voted against discharging the CEO and most of the board members of liability for the..
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BoE’s Mann: Falling headline inflation, high core, make policy difficult
WASHINGTON (Reuters) – Falling energy prices will lower headline inflation towards the Bank of England’s 2% target, but pe..
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Elon Musk and others urge AI pause, citing ‘risks to society’
By Jyoti Narayan, Krystal Hu, Martin Coulter and Supantha Mukherjee (Reuters) -Elon Musk and a group of artificial intelligence..
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What’s better than OpenAI? Developers shop for alternatives
By Krystal Hu NEW YORK (Reuters) – Microsoft-backed OpenAI is no longer the only game in town for software developers loo..
Technology
Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount
MILAN (Reuters) – Private equity fund L Catterton and the Ontario Teachers’ Pension Plan (OTPP) said they had completed th..
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Factbox-Five facts about returning UBS CEO Sergio Ermotti
LONDON (Reuters) – Sergio Ermotti has been rehired as the CEO of Swiss banking giant UBS to steer its massive takeover of rival ..
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Wizz Air loses fight against $67 million in state aid for Romanian rival
By Foo Yun Chee BRUSSELS (Reuters) – European budget carrier Wizz Air on Wednesday lost its fight against 62 million euros ($67...
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Britain’s Next sees lower clothing inflation, shares dip on cautious outlook
By James Davey LONDON (Reuters) -British fashion retailer Next reported a better-than-expected 5.7% rise in annual profit on Wednesday..
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Banking turmoil means recession fears are creeping back
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue,..
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Asian stocks rally as bank jitters calm, Alibaba lifts mood
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares surged on Wednesday as easing concerns over the banking sector revived risk..
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Ride-hailing app Cabify raises $110 million for expansion in LatAm, Spain
BOGOTA (Reuters) – Spanish ride-hailing app Cabify has raised $110 million in financing aimed at accelerating its growth in Lati..
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UK broadcasters to stay prominent on smart TVs and speakers
LONDON (Reuters) – On-demand services from Britain’s BBC, ITV and other public service broadcasters must remain easy to fi..
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Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks?
By Amanda Cooper LONDON (Reuters) – Turbulence in Europe’s banks following the implosion of 167-year-old Credit Suisse and..
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EU approves law to end sales of new CO2-emitting cars by 2035
BRUSSELS (Reuters) – European Union countries’ energy ministers gave final approval on Tuesday to a law ending sales of ne..
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