Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report
By Gloria Dickie LONDON (Reuters) – Worsening droughts, storms and torrential rain in some of the world’s largest economie..
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ECB should raise rates at steady pace, chief economist says
FRANKFURT (Reuters) -The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking ..
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Russian rouble firms towards 60 vs dollar, stocks up
MOSCOW (Reuters) -The rouble firmed towards 60 against the dollar on Monday, supported by the last month-end tax payments that boost d..
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Pain of breaking inflation will reverberate around the globe
By Balazs Koranyi and Howard Schneider JACKSON HOLE, Wyo. (Reuters) -The message from the world’s top finance chiefs is loud and..
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Russia sharply scales back Far East war games with China
By Mark Trevelyan LONDON (Reuters) – Russian military exercises in the Far East this week will take place on a far smaller scale..
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Dutch wind farm blows away opposition as ‘new millers’ get a stake
By Esther Verkaik ZEEWOLDE, Netherlands (Reuters) – Authorities in the Dutch city of Zeewolde have opened one of the countryR..
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Belgium supports energy price caps, suspending trading in EU power crunch
BRUSSELS (Reuters) – Belgium has backed introducing price caps for European Union’s gas and electricity hubs, as well as s..
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Elon Musk: focused on getting self-driving Teslas in wide release by year-end
By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Tesla chief Elon Musk said on Monday he aimed to get the electric auto..
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Oil trio’s Northern Lights in Yara CO2 emissions storage deal
By Nerijus Adomaitis and Nora Buli STAVANGER, Norway (Reuters) -Norwegian carbon dioxide (CO2) storage company Northern Lights and its..
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Swiss watchmakers remain upbeat ahead of Geneva gathering
By Silke Koltrowitz ZURICH (Reuters) – Swiss watchmakers are not seeing signs so far that geopolitical tensions and recession fe..
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Sony to buy mobile game developer in push beyond consoles
By Sam Nussey TOKYO (Reuters) – Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business S..
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Finnair partners with Qatar Airways in search of new routes
(Reuters) – Finnair will establish a strategic partnership with Qatar Airways to open up new routes from Nordic capitals ..
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IKEA stores owner buys 49% stake in Swedish wind power projects
STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores worldwide, on Monday said it has agreed to buy a 49% stake in t..
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Oil rises on prospect of OPEC supply cut, demand growth
By Sonali Paul and Mohi Narayan (Reuters) -Oil prices rose 1% on Monday, as expectations that OPEC would cut output if needed to suppo..
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NASA’s next-generation megarocket set for debut test launch to moon
By Joey Roulette and Steve Gorman CAPE CANAVERAL, Fla. (Reuters) – NASA’s colossal next-generation rocketship was set for ..
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Johnny Depp makes surprise appearance at MTV’s Video Music Awards
By Lisa Richwine (Reuters) – Actor Johnny Depp, who is trying to rebuild his career after an ugly defamation fight with his ex-w..
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China July industrial profits down as COVID curbs, heatwaves hit
SHANGHAI (Reuters) -Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged d..
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Analysis-Forget showering, it’s eat or heat for shocked Europeans hit by energy crisis
By Bozorgmehr Sharafedin and Canan Sevgili LONDON (Reuters) – No more ironing, limited oven use and showering at work – Eu..
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Investors eye lower Wall Street on Powell nerves
By Carolyn Cohn LONDON (Reuters) – U.S. stock futures were indicating a lower open on Wall Street on Friday while world stocks w..
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Prince Harry hopes Diana death anniversary will be ‘filled with memories’
LONDON (Reuters) – Britain’s Prince Harry said he wished his children could have met his mother Princess Diana and hoped t..
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Dollar dips ahead of Powell speech
By Iain Withers LONDON (Reuters) – The dollar dipped against other major currencies on Friday, ahead of U.S. Federal Reserve Cha..
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Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges
By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to raise its base interest rate by 100 basis poi..
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Funds from electricity levy could help German households, says renewables association
BERLIN – A multi-billion-euro account fed by a now-suspended surcharge on electricity prices could be used to provide German hou..
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Global equity funds see large outflows on slowdown worries
(Reuters) – Global equity funds witnessed their biggest weekly capital withdrawals in five weeks in the week to Aug. 24 on conce..
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Heavy Norwegian gas maintenance adds to energy price pressure
By Nora Buli OSLO (Reuters) – Norway, which has overtaken Russia as the biggest gas supplier to Europe in the wake of the war in..
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European stocks slip on dour German sentiment survey ahead of Powell speech
By Anisha Sircar (Reuters) -European shares slipped on Friday as investors fretted over downbeat German consumer sentiment data due to..
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Thousands of British postal workers walk out over pay
LONDON (Reuters) – More than 115,000 workers at Britain’s Royal Mail began the first of four days of strike action on Frid..
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Factbox-How far are UK energy bills set to rise and what help are consumers getting?
LONDON (Reuters) – Britain’s energy regulator Ofgem said on Friday the cap on domestic energy prices would rise to 3,549 p..
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FTSE 100 extends gains, Micro Focus soars on buyout deal
By Johann M Cherian and Sruthi Shankar (Reuters) -UK’s blue-chip index rose for a second straight day on Friday on gains in comm..
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Russian rouble opens flat, sticks to 60-mark against U.S. dollar
(Reuters) – The Russian rouble opened flat in trading on Friday as month-end tax payments by exporters helped keep the currency ..
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Sentiment among German exporters falls for third month in a row -Ifo
BERLIN (Reuters) – Sentiment among German exporters fell for the third month in a row in August as high gas prices and a weak gl..
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New UK PM will need to take urgent action on energy bills – Ofgem CEO
LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, t..
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UK’s Micro Focus shares nearly double after Canada’s OpenText agrees $6 billion takeover
By Eva Mathews and Krystal Hu (Reuters) -Shares of Micro Focus soared more than 90% on Friday after Canadian software company OpenText..
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Most of BP’s Whiting refinery units shut following fire -sources
HOUSTON (Reuters) -Most of the units at BP Plc’s 435,000 barrel-per-day Whiting, Indiana, refinery were out of production on Thursday ..
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Decision to end ECB reinvestments takes back seat to rate hikes, sources say
By Balazs Koranyi JACKSON HOLE, Wyo. (Reuters) – The European Central Bank could soon start talks on ending reinvestments of cas..
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Carlsberg’s Poland unit could stop production; lack of CO2 threatens food industry
GDANSK (Reuters) -Danish brewery Carlsberg’s subsidiary in Poland could cut or halt beer production due to a lack of carbon diox..
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After rescue by Open Arms, 99 migrants wait to dock in Europe
By Juan Medina ABOARD THE OPEN ARMS UNO, off Sicily (Reuters) – Around 30 nautical miles off the coast of Italy’s Sicily, ..
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