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Confidence among UK factories drops by most since start of COVID crisis – CBI
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U.S. dollar perched at 2-year highs as risk appetite crumbles; yuan drops
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More people in Britain struggle to pay bills, ONS survey shows
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Russia warns United States against sending more arms to Ukraine
Germany pledges quick decision on first heavy arms delivery to Ukraine
Date: April 25, 2022
BERLIN (Reuters) – Germany will decide soon on whether to approve the delivery of 100 old Marder infantry fighting vehicles to Ukraine, a government spokesperson said on Monday, in what would be the first German heavy weapons shipment to Ukraine. German defence company Rheinmetall has requested approval to export the vehicles to Ukraine, a defence...
Exclusive-Germany to hike 2022 inflation forecast to 6.1% – document
Date: April 25, 2022
BERLIN (Reuters) -The German government is set to hike its inflation forecast for this year to 6.1% due to the impact of the war in Ukraine, up from 3.3% it had forecast in January, according to government document seen by Reuters on Monday. Berlin, which is due to present its spring economic forecasts on Wednesday,...
Sterling falls to lowest since September 2020 versus dollar
Date: April 25, 2022
(Reuters) -Sterling fell on Monday to its lowest since September 2020 against a strengthening dollar and edged lower versus the euro, while money markets scaled back their bets on future monetary policy tightening from the Bank of England (BoE). The dollar climbed to a two-year high versus its rivals and was on track for its...
European stocks slide to 1-month low on China slowdown fears
Date: April 25, 2022
By Sruthi Shankar and Anisha Sircar (Reuters) – The main European stock indexes fell more than 2% on Monday as worries about an economic slowdown in China and rapid U.S. interest rate hikes overshadowed relief from French President Emmanuel Macron’s election victory over the weekend. The continent-wide STOXX 600 index slumped 2.1% to its lowest...
German-funded consortium to develop ‘battery passport’ for Europe
Date: April 25, 2022
By Victoria Waldersee BERLIN (Reuters) – A German-funded consortium of carmakers and battery producers, including BMW, Umicore and BASF, is to develop a “battery passport” that traces the content and carbon footprint of batteries in Europe, Germany’s economy ministry said on Monday. The consortium of 11 partners has received 8.2 million euros ($8.78 million) of...
KKR raises $19 billion for flagship North America private equity fund
Date: April 25, 2022
By Chibuike Oguh (Reuters) – Buyout firm KKR & Co Inc said on Monday it has raised $19 billion from investors for its latest flagship North America private equity fund, its biggest fund ever. KKR said the fund includes $2 billion invested by its employees, affiliates and from the firm’s balance sheet. The fund had...