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German economy in stormy waters as government slashes forecast
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London’s iconic BT Tower to become a hotel
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UK sees record monthly budget surplus, but tough picture ahead of budget
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Coffee group JDE Peet’s posts surprise growth in 2023 operating profit
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes
Date: February 21, 2024
Asian shares ease as early rate cut bets fizzle, focus on Fed minutes By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal Reserve sapped risk appetite, with investors looking to the minutes of the U.S. central bank’s last meeting for clues on...
Beijing shuts highways after heavy snowfall
Date: February 21, 2024
Beijing shuts highways after heavy snowfall BEIJING (Reuters) – Beijing shut some highways on Wednesday after heavier-than-expected snowfall hit the Chinese capital overnight. A cold spell has been sweeping through swathes of China this week, with freezing rain and snow expected to last until Monday. Beijing authorities boosted public transport and shut eight highways, state...
Crypto firm Circle to end support for USDC stablecoin on Tron blockchain
Date: February 21, 2024
Crypto firm Circle to end support for USDC stablecoin on Tron blockchain By Tom Wilson LONDON (Reuters) – Major U.S. crypto firm Circle will end support for its USDC token on the Tron blockchain network, a decision the company said on Wednesday “aligned with its efforts to ensure that USDC remained trusted, transparent and safe”....
UK employers offer smaller pay rises at start of 2024, XpertHR survey shows
Date: February 21, 2024
UK employers offer smaller pay rises at start of 2024, XpertHR survey shows LONDON (Reuters) – British employers scaled back the annual pay settlements they offered to staff at the start of 2024, a survey showed on Wednesday, in a move likely to reassure the Bank of England that underlying inflation pressures are starting to...
Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million
Date: February 21, 2024
Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million By Tatiana Bautzer (Reuters) -Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lender said in a filing on Tuesday. Her pay was comprised of a base salary of $1.5 million, cash bonus of $3.7...
Arla says sales could slip this year as consumers cut back on dairy products
Date: February 20, 2024
Arla says sales could slip this year as consumers cut back on dairy products COPENHAGEN (Reuters) -Dairy producer Arla said on Tuesday that sales could slip this year after a flat 2023 as European consumers continue to cut back spending, although it sees some signs of improving demand. Arla, one of the world’s biggest dairy...