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Grim winter looms as wartime Ukraine braces for infrastructure attacks
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Nestle revamps coffee sustainability plan as climate challenges mount
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OCEANFIRST COORDINATES COMPANY-WIDE COMMUNITYFIRST DAY – AN AFTERNOON OF VOLUNTEER SERVICE
Euro zone’s negative-yielding debt pile has almost disappeared
Date: October 3, 2022
By Dhara Ranasinghe LONDON (Reuters) – The pile of negative-yielding euro zone government bonds is close to disappearing, Tradeweb showed on Monday, the latest sign that bond yields are firmly on an upward trajectory as major central banks ramp up rate hikes to contain inflation. In Germany, the euro zone’s benchmark bond issuer, two-year yields...
Sweden sends diving vessel to probe leaking Nord Stream pipelines
Date: October 3, 2022
By Johan Ahlander and Terje Solsvik STOCKHOLM/OSLO (Reuters) – Sweden sent a diving vessel on Monday to the site of Russian gas pipelines in the Baltic Sea that ruptured last week following blasts in the area, to probe an incident that has added new tension to Europe’s energy crisis. Europe is investigating what caused three...
Analysis-Britain’s budget bomb still ticking despite tax U-turn
Date: October 3, 2022
By Andy Bruce LONDON (Reuters) – Prime Minister Liz Truss’s U-turn on abolishing Britain’s top rate of income tax may be only a first step on the path to restoring fiscal credibility, with investors warning that the government still needs to show that it can afford its plans. On the face of it, Britain’s financial...
Central European leaders pledge new measures to stem flow of migrants to EU
Date: October 3, 2022
BUDAPEST (Reuters) – The leaders of Hungary, Serbia and Austria pledged new measures on Monday to contain the flow of illegal migrants into the European Union through the Western Balkans, as border control forces become increasingly strained. In the first eight months of this year, 86,581 irregular entries were detected at the external borders of...
Italy forecasts recession as Meloni seeks economy minister
Date: October 3, 2022
By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s economy probably shrank in the third quarter and will keep contracting until mid-2023, according to Treasury forecasts that will make grim reading for Giorgia Meloni, the rightist leader expected to be named prime minister this month. The forecasts indicate the euro zone’s third-largest economy, hit by...
Credit Suisse shares slip despite moves to soothe investor concerns
Date: October 3, 2022
By Oliver Hirt and Michael Shields ZURICH (Reuters) -Credit Suisse shares slid by as much as 10% on Monday, reflecting market concerns ahead of a restructuring plan due to come with third-quarter results at the end of October. Swiss regulator FINMA and the Bank of England in London, where the lender has a major hub,...