Galois Capital flagship fund to close after FTX losses
By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) -Galois Capital hedge fund founder Kevin Zhou said on Monday his flagship fu..
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Ericsson to cut 1,400 jobs in Sweden
STOCKHOLM (Reuters) -Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs gl..
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Turkey clears away rubble from earthquake, rescue efforts wind down
By Henriette Chacar and Ali Kucukgocmen ANTAKYA, Turkey (Reuters) – Turkey stepped up work to clear away rubble from collapsed b..
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Novartis names Firmenich CEO as chairman designate of Sandoz
ZURICH (Reuters) – Novartis on Monday announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generic..
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Asia shares creep higher, wary on Fed and BOJ outlooks
By Wayne Cole SYDNEY (Reuters) – Asian shares edged up on Monday as a U.S. holiday made for slow trading ahead of minutes of the..
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Aussie supermarkets set to capitalise on high inflation, but softer demand ahead
By Harshita Swaminathan (Reuters) – Australian supermarkets will reap bigger profits in fiscal 2023 half-year due to decades-hig..
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Dollar buoyant as robust U.S. data keep Fed hawks in control
By Rae Wee SINGAPORE (Reuters) – The dollar was on the front foot on Monday, supported by a strong run of economic data out of t..
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FRI Report 2023: New research reveals that big football clubs are missing out on £750m digital dividend
The CLV Group, the data and insights company for sport, media and entertainment, reveals that major European football teams can levera..
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G20 watchdog homes in on decentralised finance after FTX crash
By Huw Jones LONDON (Reuters) – The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle &..
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Mercedes-Benz to buy back up to 4 billion euros in shares by 2025
BERLIN (Reuters) -Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two yea..
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Gucci banks on private ‘salons’ for the ultra-rich to revive sales
By Mimosa Spencer PARIS (Reuters) – Gucci is banking on new ultra-high-end “salons” offering merchandise priced at u..
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Ubisoft vows to get back to operating margin above 20% in medium term
By Enrico Sciacovelli (Reuters) -French video game producer Ubisoft said it would reach operating margin above 20% in the medium term,..
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Uniper sells UAE marine fuels refinery to consortium including Montfort
FRANKFURT/SINGAPORE (Reuters) -German utility Uniper has agreed to sell its oil refinery in the United Arab Emirates to a consortium o..
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Amazon grants 1.5 million euros to Dutch seaweed farm project
AMSTERDAM (Reuters) – Amazon.com has granted 1.5 million euros ($1.6 million) to a Dutch project testing the viability of commer..
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Aldi UK to recruit 6,000 after strong Christmas trading
LONDON (Reuters) – The British arm of German discounter Aldi said on Thursday it was looking to hire more than 6,000 workers, co..
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Holcim to acquire European roofs manufacturer FDT Flachdach Technologie
ZURICH (Reuters) – Switzerland’s Holcim is to acquire thermoplastic roofs manufacturer FDT Flachdach Technologie GmbH, the..
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Cisco forecast raise allays tech spending fears, lifts shares
By Yuvraj Malik (Reuters) -Cisco Systems Inc on Wednesday raised its full-year earnings forecast and delivered strong second-quarter r..
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Shopify’s revenue forecast fails to impress, shares fall
By Nivedita Balu (Reuters) -Shopify Inc on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and n..
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Dollar rises to six-week peak as strong U.S. retail sales bolster higher-rates scenario
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) – The dollar climbed to a six-week peak against a currency bas..
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TUI sees strong summer bookings as travel recovery gains momentum
By Joanna Plucinska LONDON (Reuters) -Holiday group TUI said on Tuesday it was seeing encouraging booking trends for summer and next w..
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London’s FTSE 100 hits fresh record high as telecoms surge
By Shashwat Chauhan (Reuters) – UK’s FTSE 100 rose to a record high on Tuesday as telecom stocks gained after Liberty Glob..
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Citi halted financing for Trafigura’s nickel deals in October – Bloomberg
(Reuters) -Citigroup Inc stopped financing nickel deals for commodity trader Trafigura with companies linked to Indian businessman Pra..
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Coca-Cola HBC’s annual profit beats, warns of price increases
By Radhika Anilkumar (Reuters) -Coca-Cola HBC AG on Tuesday reported better-than-expected full-year operating profit and said it will ..
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Oil prices dip on U.S. crude reserve release, inflation pressure
By Shadia Nasralla LONDON (Reuters) -Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its ..
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Cryptoverse: Punk apes and a resurrection of NFTs
By Medha Singh (Reuters) – It’s alive! The NFT market is twitching out of its torpor, defying reports of its demise. Total..
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Marketmind: Don’t break my heart
A look at the day ahead in European and global markets from Anshuman Daga Today’s inflation numbers from the world’s bigge..
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IKEA stores owner Ingka says campaigns help boost store visits and sales
By Anna Ringstrom and Marie Mannes STOCKHOLM (Reuters) – Price cuts at IKEA as well as promotional campaigns which the budget fu..
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Liberty Global takes 5% ‘opportunistic’ stake in Vodafone
By Muvija M and Tiyashi Datta LONDON (Reuters) -U.S.-listed Liberty Global disclosed a near-5% stake in British telecom group Vodafone..
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Delivery Hero ramps up interest payments to raise 1 billion euro convertible bond
By Pablo Mayo Cerqueiro (Reuters) – Germany’s Delivery Hero is offering investors significantly higher interest payments t..
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Saipem shares drop, group says cannot explain why
MILAN (Reuters) – Saipem does not have any information explaining Monday’s share movements, a spokesman for the Italian en..
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Europe’s spend on energy crisis nears 800 billion euros
By Kate Abnett BRUSSELS (Reuters) – European countries’ bill to shield households and companies from soaring energy costs ..
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Sterling edges lower ahead of key data
(Reuters) – Sterling edged lower on Monday at the start of a data-heavy week in which investors will scan inflation prints from ..
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A crane, for God’s sake’: Inside the struggles of Turkey’s earthquake response
ANTAKYA/ISTANBUL (Reuters) – Kevser said she could hear her two sons trapped beneath the rubble of their collapsed apartment bui..
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France leans on retailers to help consumers cope with food prices
By Dominique Vidalon PARIS (Reuters) -France’s finance minister urged food retailers on Monday to do more to help consumers cope..
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Orpea shares jump on Q4 revenue and cash boost
PARIS (Reuters) – Shares in scandal-hit French care homes group Orpea surged on Monday after the company posted a nearly 8% rise..
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Be ‘really, really careful’ on inflation – Bank of England’s Haskel
LONDON (Reuters) – Bank of England interest rate-setter Jonathan Haskel said the BoE should be “really, really carefulR..
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German economy expected to grow modestly in 2023 – European Commission
BERLIN (Reuters) – The German economy will grow slightly this year, the European Commission said Monday, revising upwards its pr..
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