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Stellantis rejigs China financing ops in latest reboot plans
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Greece lifts COVID restrictions for summer tourism season
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New film explores Newman’s astonishing waterfall plunge
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Exclusive – China’s oil champion prepares Western retreat over sanctions fear
Sterling drops to lowest since Nov 2020 after UK inflation data
Date: April 13, 2022
By Joice Alves LONDON (Reuters) – Sterling dropped on Wednesday to its lowest level against the U.S. dollar since November 2020 as British consumer price inflation leapt to its highest level in three decades. Raising doubts on how aggressive the Bank of England tightening measures will be, British consumer prices jumped to an annual rate...
Exclusive-IMF hopes to mobilize $45 billion for new trust to aid broader range of countries
Date: April 13, 2022
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund hopes to mobilize around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows. The IMF’s executive board is...
German economic institutes see sharp recession if Russian gas cut off
Date: April 13, 2022
BERLIN (Reuters) -Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy. A sudden stop in Russian energy supplies – an adverse scenario and not the institutes’...
Renting office space in London to become costlier in 2023 – J.P. Morgan
Date: April 13, 2022
(Reuters) – Office spaces in London could be expensive to rent next year due to a supply crunch, J.P. Morgan analysts said on Wednesday, as developers are being restricted from creating new spaces and leases have begun to shorten. Analyst Tim Leckie expects active demand for prime office space to grow 38% in 2030, but...
Investors snap up dollar on hawkish Fed views; yen slumps past 126
Date: April 13, 2022
By Saikat Chatterjee LONDON (Reuters) – The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002 while the euro was pinned at a one-month low as investors flocked to the U.S. currency after some hawkish comments by Federal Reserve officials. Though U.S. monthly underlying inflation pressures...
Vaccines have halved Italy’s COVID-19 death toll, study shows
Date: April 13, 2022
MILAN (Reuters) – Vaccines against COVID-19 have roughly halved the death toll from the disease in Italy, preventing some 150,000 fatalities and 8 million cases last year, the National Health Institute (ISS) estimated on Wednesday. The ISS study, which ran from the start of 2021 until the end of January this year, concluded the inoculation...