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Tennis-Nadal eliminated from ATP Finals, Alcaraz to finish year at No. 1
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Currency trading in a spin after Polish explosion
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YouTube expands shopping features to combat digital ad slowdown
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Paris considers electric scooter ban over safety concerns
UK financial watchdog urges political support for crypto bans
Date: November 16, 2022
By Huw Jones LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) on Tuesday called on lawmakers to show their support for its unpopular decision not to grant licences to scores of crypto exchanges like FTX, which has just collapsed. The FCA has come under pressure as 85% of licence applications from crypto trading firms have...
Spain expects to agree with banks mortgage relief measures by end of week
Date: November 16, 2022
MADRID (Reuters) – Spain’s government expects to reach by the end of this week an agreement with banks on mortgage relief measures to help vulnerable households and middle-class clients cope with rising borrowing costs on such loans, the economy minister said. The government and lenders are readying a wider set of measures to help the...
France’s Orpea to scale back its international activities
Date: November 15, 2022
By Diana Mandia (Reuters) -France’s Orpea, hit by allegations of malpractice at its French retirement homes, said on Tuesday it would scale back its international activities and focus on its core business as it considers converting almost four billion euros of debt into new shares. The company, which has lost 90% of its market capitalisation...
German wholesale price rise slows in October
Date: November 15, 2022
BERLIN (Reuters) -Germany’s wholesale prices grew in October at their slowest rate since the start of the war in Ukraine, rising 17.4% year on year, although the cost of many raw materials and intermediate products remained high, according to data released on Tuesday. Wholesale prices had risen by 19.9% year on year in September. In...
Dollar rebounds as Fed officials say hikes to continue; yen slumps
Date: November 15, 2022
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar climbed versus the yen and stayed firm against other major peers on Tuesday as more Federal Reserve officials made the case for even tighter U.S. monetary policy. The greenback edged up against sterling and hovered more than 1% above its two-month trough to the euro after...
EV battery makers race to develop cheaper cell materials, skirting China
Date: November 15, 2022
By Nick Carey and Paul Lienert (Reuters) – U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs). Today’s EVs run on lithium ion batteries — mostly made...