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EDF, Edison, Ansaldo team up to develop nuclear power in Europe
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Stock pickers reckon it’s time to move on from central banks
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Telecom Italia boosted by rival offer for landline grid
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Spain’s inflation to be lower this year than in 2022 -minister
Tesla cuts U.S. Model S and Model X prices between 4% and 9%
Date: March 6, 2023
(Reuters) -Tesla Inc has cut prices on its two most expensive electric vehicles in the United States, according to the company’s website, days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand. The price cuts, Tesla’s fifth adjustment since the start of the year, ranged from 4% on the...
EU, US working on deal to make EV minerals eligible for tax credits -EU official
Date: March 3, 2023
By Andrea Shalal and David Shepardson WASHINGTON (Reuters) -The United States and European Union are working toward agreement in principle on a deal to make European minerals eligible for tax credits, a senior EU official said Friday. The $430 billion U.S. Inflation Reduction Act passed in August requires rising percentages of battery minerals to come...
Wall Street stocks power higher as Treasury yields and dollar ease
Date: March 3, 2023
By Lawrence Delevingne and Elizabeth Howcroft (Reuters) – Wall Street stocks posted strong gains while Treasury yields and the dollar pulled back on Friday as data pointing to U.S. economic growth boosted risk appetite, even as expectations for rate hikes kept bond yields near multi-year highs. The U.S. services sector grew at a steady clip...
Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down
Date: March 3, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar slid from a 2-1/2-month high versus the Japanese yen on Friday, on track for its largest weekly loss since mid-January against a basket of six major currencies, as traders stepped back to gauge the path for Federal Reserve policy. Analysts said the market has for...
Offshore crews to strike on BP’s North Sea installations, says Unite
Date: March 3, 2023
(Reuters) – Nearly 50 offshore workers on several of BP’s North Sea installations have backed strike action in pursuit of a pay increase and overtime changes, British union Unite said on Friday. The strike involves crew working on BP’s Andrew, Clair, Clair Ridge, ETAP, Glen Lyon and Mungo installations in the North Sea, with “a...
Lufthansa expects further ‘significant improvement’ after return to profit
Date: March 3, 2023
By Ilona Wissenbach and Joanna Plucinska (Reuters) – Germany’s Lufthansa on Friday delivered an “unprecedented” turnaround as it swung to a 1.51 billion euro profit in 2022 and expects a significant improvement in earnings this year, pushing its shares up to a three-year high as air travel rebounds. Passenger numbers more than doubled and net...