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UK supermarket Asda says 2023 underlying profit up 24%
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Prince Harry’s privacy case against Murdoch tabloids to proceed as planned
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France orders retailers to display shrinkflation
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GM and Ford count on gas-powered trucks as EV growth slows
Analysis-China’s steel sector has bigger worries than Biden tariff hike
Date: April 19, 2024
Analysis-China’s steel sector has bigger worries than Biden tariff hike By Amy Lv and Tony Munroe BEIJING/SINGAPORE (Reuters) – U.S. President Joe Biden’s push to triple tariffs on Chinese steel imports strikes a mostly symbolic blow on an industry facing bigger concerns over faltering local demand and threats of even stronger blowback against China’s surging...
Oil-rich regions in Kazakhstan brace for floods, Siberian rivers burst in Russia
Date: April 19, 2024
Oil-rich regions in Kazakhstan brace for floods, Siberian rivers burst in Russia YANVARTSEVO, Kazakhstan (Reuters) – Kazakhstan braced on Friday for levels on the Ural River to rise sharply, something that could threaten two of its western regions and key oil infrastructure, while Russia grappled with floods in and near Siberia. Both countries have in...
Sterling wavers as markets gauge reported Israeli attack on Iran
Date: April 19, 2024
Sterling wavers as markets gauge reported Israeli attack on Iran By Harry Robertson LONDON (Reuters) – The pound was little changed on Friday after falling to a five-month low against the dollar in Asian trading hours as investors responded to reports of an Israeli attack on Iran. People familiar with the matter told Reuters that...
Explainer-Bitcoin’s ‘halving’: what is it and does it matter?
Date: April 19, 2024
Explainer-Bitcoin’s ‘halving’: what is it and does it matter? LONDON (Reuters) – Bitcoin’s long-anticipated ‘halving’ is, depending on where you sit, a vital event that will burnish the cryptocurrency’s value as an increasingly scarce commodity, or little more than a technical change talked up by speculators to inflate its price. The halving comes after bitcoin...
STOXX 600 hits one-month low on geopolitical woes; L’Oreal shines
Date: April 19, 2024
STOXX 600 hits one-month low on geopolitical woes; L’Oreal shines By Ozan Ergenay and Johann M Cherian (Reuters) -European stocks dropped to their lowest levels in more than one month on Friday after a ramp-up in the Middle East conflict spooked investors, while L’Oreal’s shares rose as the French cosmetic giant’s quarterly sales trounced estimates....
Scotland ditches 2030 climate target to cut emissions by 75%
Date: April 18, 2024
Scotland ditches 2030 climate target to cut emissions by 75% By William James LONDON (Reuters) -Scotland on Thursday scrapped its target of cutting climate-damaging greenhouse gas emissions by 75% by 2030, blaming the central British government, but said it still intends to meet a 2045 net zero target. The move came in response to a...