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Italy cuts growth impact of Recovery Plan, EU funds
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Explainer-Clock ticks down towards a Russian default
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Shanghai widens COVID testing as other Chinese cities impose curbs
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EU targets crypto wallets in latest round of Russia sanctions
EU adopts new sanctions against Russia including coal import ban
Date: April 8, 2022
By Francesco Guarascio (Reuters) – The European Union on Friday formally adopted its fifth package of sanctions against Russia since the country’s Feb. 24 invasion of Ukraine, including bans on the import of coal, wood, chemicals and other products. The measures also prevent many Russian vessels and trucks from accessing the EU, further crippling trade,...
European equity funds notch big inflows in week to April 6
Date: April 8, 2022
(Reuters) – European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted outflows on concerns over unruly inflation. European equity funds received a net $4.84 billion in the period, while U.S. and Asian equity funds faced outflows...
Food prices hit record high in March, U.N. agency says
Date: April 8, 2022
By Gus Trompiz PARIS (Reuters) -World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the U.N. food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded...
Ukrainian villagers count dead after weeks confined in school basement
Date: April 8, 2022
By James Mackenzie and Silvia Aloisi YAHIDNE, Ukraine (Reuters) – The names of the dead are scrawled on the peeling wall of a school basement where residents say more than 300 people were trapped for weeks by Russian occupiers in Yahidne, a village north of the Ukrainian capital Kyiv. Halyna Tolochina, a member of...
China uses AI software to improve its surveillance capabilities
Date: April 8, 2022
By Eduardo Baptista BEIJING (Reuters) – Dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows. According to more than 50 publicly available documents examined by Reuters, dozens of entities...
CMA CGM buys auto logistics firm Gefco as Russia’s RZD, Stellantis exit
Date: April 8, 2022
PARIS (Reuters) – French shipping group CMA CGM said on Friday it has acquired nearly 100% of Gefco, the auto transport company previously co-owned by Russian Railways (RZD) and carmaker Stellantis. CMA CGM had been authorised by the European Commission to acquire Gefco’s capital immediately, pending final approval of the deal expected in the coming...