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EU wants to know if Microsoft will block rivals after Activision deal
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Explainer-Caps and corridors: how can Europe contain gas prices?
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In Apple’s shadow, Google takes new route to face recognition on Pixel phones
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IMF should issue new reserves to help countries tackle overlapping crises – groups
Adidas puts partnership with Kanye West under review
Date: October 7, 2022
FRANKFURT (Reuters) – German sporting goods maker Adidas on Thursday said it has put under review its business partnership with rapper and fashion designer Kanye West. “After repeated efforts to privately resolve the situation, we have taken the decision to place the partnership under review. We will continue to co-manage the current product during this...
EU sees more work ahead to implement Russian oil price cap
Date: October 7, 2022
By Gabriela Baczynska BRUSSELS (Reuters) -The European Union on Thursday gave a final approval to its eighth batch of sanctions against Russia for its invasion of Ukraine, but said implementing a price cap on Russian seaborne oil included in the package required more work. The sanctions will block 7 billion euros ($6.9 billion) worth of...
Eurex Clearing says collateral cushion rises to record high
Date: October 6, 2022
By Yoruk Bahceli and Nell Mackenzie LONDON (Reuters) – The collateral against potential losses posted on derivatives trades at Eurex has risen to a record high of around 130 billion euros ($128 billion) in the face of highly volatile markets and stubborn inflation, Erik Mueller, CEO of Eurex Clearing, told Reuters on Thursday. This is...
IMF’s Georgieva sees ‘darkening’ outlook for global economy, rising recession risks
Date: October 6, 2022
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund will next week downgrade its forecast for 2.9% global growth in 2023, Managing Director Kristalina Georgieva said on Thursday, citing rising risks of recession and financial instability. Georgieva said the outlook for the global economy was “darkening” given the shocks caused by the COVID-19 pandemic, Russia’s...
Twitter rolls out edit button to paid subscribers in U.S
Date: October 6, 2022
(Reuters) – Twitter Inc is gradually making the edit button available for its paid subscribers in the United States, the social media company said on Thursday, days after launching the widely requested feature in Canada, Australia and New Zealand. Twitter users have for years demanded the ability to edit their tweets after publishing them, mostly...
BoE’s Haskel flags importance of independent budget forecasts
Date: October 6, 2022
By David Milliken LONDON (Reuters) -The Bank of England needs independent budget forecasts to do its work, BoE policymaker Jonathan Haskel said on Thursday, as uncertainty remains over the timing of the next set of forecasts from the Office for Budget Responsibility (OBR). UK finance minister Kwasi Kwarteng announced 45 billion pounds ($50 billion) of...