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Pizza firm DP Eurasia delivers profit rise, evaluating Russian business
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Truck maker Volvo posts record Q1 as sales, margins beat forecasts
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China records world’s first human death from H3N8 bird flu -WHO
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Oil rises about 2% with U.S. and China inflation in focus
UK economy set for smaller hit in 2023 than previously feared – IMF
Date: April 11, 2023
(Reuters) -Britain now looks set for a shallower economic hit this year than previously thought but remains on course to suffer the sharpest contraction among the world’s big economies, the International Monetary Fund said on Tuesday. British gross domestic product will contract by 0.3% in 2023, the IMF said in its latest set of global...
Dollar dips ahead of inflation data later this week
Date: April 11, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday as investors waited on inflation data for further signs of whether price pressures are ebbing and what it means for further Federal Reserve interest rate hikes. Consumer price data on Wednesday is expected to show headline inflation rose by 0.2% in March, while...
World stocks cling to upbeat mood, dollar stalls
Date: April 11, 2023
By Dhara Ranasinghe LONDON (Reuters) -World stocks rallied on Tuesday as traders held onto hope that interest rates will soon peak and fall later this year, even if the latest U.S. jobs data supported the case for a May hike by the Federal Reserve. Trading was largely sluggish as many markets reopened after a long...
Boeing delivers 130 planes in Q1, beating Airbus by 3 jets
Date: April 11, 2023
By Valerie Insinna WASHINGTON (Reuters) – Boeing on Tuesday announced 130 airplane deliveries over the first quarter of 2023, inching past rival Airbus, which delivered 127 jets. Boeing’s deliveries were up almost 27% from a year earlier, when it delivered 95 jets. The U.S. planemaker delivered 64 aircraft in March, 36% more than the 41...
Britain sets 5G goal, says no ‘magic number’ of operators
Date: April 11, 2023
LONDON (Reuters) – Britain set an ambition to deliver next-generation 5G mobile coverage to populated areas by 2030 and said there was “no magic number” of network operators required to ensure a competitive market. All four of Britain’s mobile networks – BT’s EE, O2, owned by Telefonica and Liberty Global’s Virgin Media O2, Vodafone and...
Explainer-Why European money market funds inflows are lagging behind the U.S. torrent?
Date: April 11, 2023
By Harry Robertson LONDON (Reuters) – Investors poured $367 billion into U.S. money market funds in March, according to data provider EPFR, as the collapse of Silicon Valley Bank caused stocks to tumble and called the safety of bank deposits into question. In Europe, investors put 17.7 billion euros ($19.35 billion) into euro-denominated money market...