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Dollar flat as investors digest China’s loosening of COVID rules
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European shares end higher on China recovery optimism
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Spain announces $10.6 billion package to ease inflation pain
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Kosovo re-opens major border crossing with Serbia, easing standoff
Spain’s November retail sales fall 0.6% on year
Date: December 29, 2022
(Reuters) – Spanish retail sales fell 0.6% in November from a year earlier on a seasonally and calendar-adjusted basis, after rising 1.0% in October, the National Statistics Institute (INE) said on Thursday. As shoppers grapple with the rising cost of living exacerbated by the war in Ukraine, food sales in Spain recorded an annual decrease...
German exporters prepare for a challenging 2023
Date: December 29, 2022
BERLIN (Reuters) – German exporters have modest hopes for next year, anticipating problems at major customers in China because of climbing COVID infections and rising prices making U.S. buyers cautious, the Federation of German Wholesale and Foreign Trade (BGA) said. The United States and China are Germany’s most important trading partners. “There will be no...
UK not planning COVID testing for travellers from China
Date: December 29, 2022
(Reuters) -Britain has no plans to bring back COVID-19 testing for those coming into the country, a government spokesperson said on Thursday, in contrast to a growing list of countries mandating tests for travellers from China. “There are no plans to re-introduce COVID-19 testing or additional requirements for arrivals into the UK,” the spokesperson said...
Chipmaker Infineon ready to spend billions on acquisitions – CEO
Date: December 29, 2022
MUNICH (Reuters) -Infineon is ready to spend several billion euros on the right takeover target as it searches for acquisitions to boost growth, Chief Executive Jochen Hanebeck said in an interview published on Wednesday. The German chip maker is constantly “on the lookout” for suitable companies, Hanebeck told Frankfurter Allgemeine Zeitung (FAZ). “I see it...
UK’s Argo Blockchain shares soar on deals to avoid bankruptcy
Date: December 29, 2022
By Sinchita Mitra and Anchal Rana (Reuters) -Crypto miner Argo Blockchain said on Wednesday it will sell its mining facility Helios for $65 million and refinance a new asset-backed loan as it seeks to avoid bankruptcy, sending its London-listed shares soaring. Argo, which earlier this month warned that it might have to file for Chapter...
Exxon sues EU in move to block new windfall tax on oil companies
Date: December 29, 2022
By Sabrina Valle (Reuters) – U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this year by oil companies benefiting from high energy prices have...