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Factbox-‘Beaver blood moon’ offers world’s last total lunar eclipse until 2025
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Developing countries need $1 trillion a year in climate finance -report
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Bosch agrees to pay $25 million to settle California diesel emissions probe
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UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph
Global hedge funds advance in October amid stocks rally
Date: November 8, 2022
NEW YORK (Reuters) – Global hedge funds posted a 2% gain in October, helped by a rally in stock markets and a combination of higher inflation and interest rates, data provider HFR said in a statement on Monday. Equities, event-driven and macro hedge fund indexes went up last month, according to HFR, adding two-thirds of...
New Swedish government to cut fuel taxes, boost defence, police in budget
Date: November 8, 2022
STOCKHOLM (Reuters) – Sweden’s new right-wing government will cut fuel taxes and give extra cash to the military and police in its first budget since winning a general election in September, it said on Monday. With Sweden’s economy expected to slip into a mild recession next year, the Moderates and Christian Democrats – along with...
Ford’s EV guru Field talks bottlenecks and opportunities
Date: November 8, 2022
By Paul Lienert (Reuters) – An inadequate charging network and insufficient access to battery raw materials are critical bottlenecks that could shackle demand for electric vehicles, according to Ford Motor Co’s chief electrification executive on Monday. “Infrastructure is the biggest thing that really has to be nailed for widespread adoption” of EVs, Doug Field said...
Green Investment Group to launch battery storage platform
Date: November 8, 2022
LONDON (Reuters) – The Green Investment Group (GIG), owned by Macquarie Asset Management, will launch a new platform to develop battery storage capacity across the world, it said on Monday. The platform, called Eku Energy, will have 190 megawatt hours of flexible storage capacity under construction on completion of the launch and a further pipeline...
Germany should hike taxes on rich to finance relief packages, advisers say – report
Date: November 8, 2022
BERLIN (Reuters) – Germany’s economic advisory council will recommend the government raise taxes on the wealthy to help finance the multi-billion euro relief packages it has agreed to fight the energy crisis, a German newspaper reported on Monday. The top income tax rate should be hiked or an energy solidarity tax imposed on high earners,...
Ireland to sell 8% of its majority stake in AIB in one go
Date: November 8, 2022
DUBLIN (Reuters) – The Irish government received more than enough demand to cover the sale of 8% of its majority stake in Allied Irish Banks (AIB) in an accelerated book build on Monday, one of the joint bookrunners said. Dublin began gradually selling shares in AIB for the first time since a 2017 IPO at...