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PwC hit with $8.9 million penalty for ‘serious breaches’ on Babcock audits
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Oil near flat as US crude stock draw contends with economic concerns
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Brazil to resume visa requirements for US, Japan, Australia, Canada -sources
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UK to avoid recession this year but outlook still weak, BCC says
Europe experienced second-warmest winter on record
Date: March 9, 2023
By Kate Abnett BRUSSELS (Reuters) – Europe is emerging from its second-warmest winter on record, European Union scientists said on Wednesday, as climate change continues to intensify. The average temperature in Europe from December to February was 1.4 degrees Celsius above the 1991-2020 average for the Boreal winter season, according to data published by the...
Spotify listeners cross half a billion mark
Date: March 9, 2023
(Reuters) -Spotify Technology SA said on Wednesday it would roll out new features like smart shuffle and previews of podcasts and music playlists on its audio streaming platform, as it crossed 500 million in monthly active listeners. The Swedish company, which has invested heavily in building up its podcast and audiobooks business in recent years...
GE’s investors seek solutions to renewable energy, supply chain challenges
Date: March 9, 2023
By Rajesh Kumar Singh CHICAGO (Reuters) – When General Electric Co’s investors gather on Thursday, the focus will be on the company’s loss-making renewable energy business as well as persistent supply-chain challenges at its aerospace unit. A $100 billion reduction in debt since 2018, coupled with a successful spin-off of its healthcare business and strong...
France eyes tax incentives for green industry investment -minister
Date: March 9, 2023
PARIS (Reuters) – The French government is looking at introducing tax incentives to spur investment in climate-friendly industrial projects as part of a planned green industry law, Finance Minister Bruno Le Maire said on Wednesday. Like many governments in Europe, Paris is concerned that its industrial sector could fall behind on green technologies due to...
Dutch responds to US China policy with a plan to curb semiconductor tech exports
Date: March 8, 2023
By Toby Sterling, Karen Freifeld and Alexandra Alper AMSTERDAM/WASHINGTON (Reuters) -The Netherlands’ government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the United State’s effort to curb chip exports to China. The U.S. in October imposed sweeping export restrictions on shipments of American chipmaking tools to...
Wall St flutters, Treasury yields ease as Powell resumes testimony
Date: March 8, 2023
By Stephen Culp NEW YORK (Reuters) – U.S. stocks struggled for direction and Treasury yields wavered on Wednesday as a barrage of robust economic data appeared to support Federal Reserve Chairman Jerome Powell’s reassertion, in his second day of congressional testimony, that the central bank would continue to ratchet up policy rates until inflation subsides....