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    Stocks, dollar gain on resilient U.S. economy

    by jcp January 26, 2023
    January 26, 2023

    By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – A gauge of global stock performance rose and the dollar strengthened on Thursday after a slew of data showed a…

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  • Finance

    Bank of England set to hike to 4% as rate peak looms

    by jcp January 26, 2023
    January 26, 2023

    By David Milliken LONDON (Reuters) – The Bank of England looks on course to raise its main interest rate by half a percentage point to 4% on Feb. 2, but…

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  • Finance

    Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 million vehicles

    by jcp January 26, 2023
    January 26, 2023

    By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc’s aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns…

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  • Finance

    UK income inequality widens after pandemic dip

    by jcp January 26, 2023
    January 26, 2023

    By David Milliken LONDON (Reuters) – British income inequality rose to a three-year high in the 2021/22 financial year after a dip during the coronavirus pandemic, but remains below peaks…

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  • Finance

    Global 2023 economic view downgraded, at odds with market optimism: Reuters poll

    by jcp January 26, 2023
    January 26, 2023

    By Hari Kishan BENGALURU (Reuters) – Global economic growth is forecast to barely clear 2% this year, according to a Reuters poll of economists who said the greater risk was…

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  • News

    UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period

    by uma January 25, 2023
    January 25, 2023

    (Reuters) – UK’s J D Wetherspoon reported a 13.1% rise in like-for-like sales for the 25 weeks to Jan. 22 on Wednesday, as customers spent on drinks and food over…

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  • News

    Asian stocks make 7-month highs, Australian dollar gains on hot inflation

    by uma January 25, 2023
    January 25, 2023

    By Anshuman Daga SINGAPORE (Reuters) -Asian equities scaled their highest levels in seven months on Wednesday after some regional markets reopened after holidays, and the Australian dollar hit multi-month highs…

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    Global economy seen facing a challenging year -Eurochambres

    by uma January 25, 2023
    January 25, 2023

    BERLIN (Reuters) – The international business community expects a challenging 2023 marked by geopolitical tensions, high inflation and the energy crisis, according to the Eurochambres global economic survey published Wednesday.…

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    Ford to make call on Europe job cuts by mid-Feb as buyers circle German site

    by uma January 25, 2023
    January 25, 2023

    By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford will decide by mid-February how many jobs to cut in Europe a German union said on Tuesday, as reports surfaced that…

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  • News

    Exclusive-Binance moved $346 million for seized crypto exchange Bitzlato, data show

    by uma January 25, 2023
    January 25, 2023

    By Tom Wilson and Angus Berwick LONDON (Reuters) -Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by U.S. authorities…

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  • News

    Prada’s Lorenzo Bertelli sets out ‘soft transition’ to new leadership

    by uma January 25, 2023
    January 25, 2023

    By Elisa Anzolin VENICE, Italy (Reuters) – Italian fashion group Prada is hiring former Luxottica chief Andrea Guerra to smooth the transition to the next generation of the family, Lorenzo…

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  • News

    Sweden to upgrade Berzelius supercomputer with Nvidia AI systems

    by uma January 25, 2023
    January 25, 2023

    STOCKHOLM (Reuters) – Sweden will upgrade its Berzelius supercomputer using Nvidia’s latest artificial intelligence (AI) systems to aid in understanding various diseases such as cancer and make it among the…

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