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Thai headline inflation at 22-month low, lowers 2023 price rise forecast
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Singapore’s fight against inflation still on amid uncertain growth outlook -central bank
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Lamborghini sells out combustion engine models – WELT
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China Investment sells some shares in Teck Resources
EV batteries remain major challenge for insurers – UK’s Thatcham
Date: July 5, 2023
EV batteries remain major challenge for insurers – UK’s Thatcham By Nick Carey LONDON (Reuters) – A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday. The British automotive risk intelligence company cited a...
Cyber insurance rates drop 10% in June -report
Date: July 5, 2023
Cyber insurance rates drop 10% in June -report LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than expected, broker Howden said in a report on Wednesday. Cyber insurance rates more than doubled in 2021 during the COVID-19 pandemic,...
UK refutes claims it is dropping $14.76 billion climate pledge
Date: July 5, 2023
UK refutes claims it is dropping $14.76 billion climate pledge (Reuters) -The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, after the Guardian reported the country was planning to drop its flagship 11.6 billion pound ($14.76 billion) climate funding pledge. “The Government remains committed to spending...
Booming traffic to OpenAI’s ChatGPT posts first ever monthly dip in June – Similarweb
Date: July 5, 2023
Booming traffic to OpenAI’s ChatGPT posts first ever monthly dip in June – Similarweb By Krystal Hu (Reuters) – ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. Worldwide desktop and mobile traffic...
Italy’s finances creak as budget deficit climbs in Q1
Date: July 4, 2023
Italy’s finances creak as budget deficit climbs in Q1 By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared with 11.3% in the same period of 2022, data showed on Tuesday, getting public finances off to a bad start after...
Oil up as market weighs supply cuts against gloomy economic outlook
Date: July 4, 2023
Oil up as market weighs supply cuts against gloomy economic outlook By Natalie Grover LONDON (Reuters) -Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global economic outlook. On Monday, Saudi Arabia said it would extend its voluntary output cut of...