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China expands visa-free access to Japan, Bulgaria and other countries
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German economy grew less than expected in Q3, statistics office says
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Adani Group stocks, bonds fall for a second day after founder’s US indictment
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Soccer-Guardiola signs two-year contract extension with Man City
SNB board member says inflation is within target range
Date: November 22, 2024
By Emma Farge GENEVA (Reuters) – Swiss National Bank governing board member Petra Tschudin said on Thursday that inflation was comfortably within the range it hoped to see. Inflation in October dropped to 0.6%, its lowest level since June 2021, stoking analyst expectations the SNB will press ahead with further rate cuts. Asked about the...
China willing to maintain communication on submarine infrastructure security
Date: November 22, 2024
BEIJING (Reuters) – China is willing to maintain communication with relevant parties and to jointly safeguard the security of international submarine infrastructure, its foreign ministry said on Thursday. Ministry spokesperson Lin Jian made the remarks when asked about a Chinese ship in Danish waters, and Finland and Sweden’s investigation into the two severed fibre-optic data...
IGC cuts global wheat crop outlook on poor EU harvest
Date: November 21, 2024
LONDON (Reuters) – The International Grains Council (IGC) said on Thursday it has trimmed its forecast for 2024/25 global wheat production driven partly by a diminished outlook for the European Union. The inter-governmental body, in its monthly update, cut its 2024/25 wheat crop outlook by 2 million metric tons to 796 million tons. EU wheat...
Greece sets up fund to decarbonise its islands, reduce hefty fuel imports
Date: November 21, 2024
ATHENS (Reuters) -Greece signed a deal with the European Commission and the European Investment Bank (EIB) on Thursday to set up a fund that will help its tourism-reliant islands wean off fossil fuel and reduce power costs, the Greek government said. Greek Prime Minister Kyriakos Mitsotakis met EIB’s Chair Nadia Calviño on Thursday. Mitsotakis then...
UK to scrap Royal Navy ships, retire helicopters to save $633 million
Date: November 21, 2024
LONDON (Reuters) -British defence minister John Healey said on Wednesday he would free up 500 million pounds ($633 million) for military budgets over five years by scrapping a number of Royal Navy ships, decommissioning a drone system and retiring some helicopters. “These will not be the last difficult decisions I will have to make,” Healey...
Germany faces high corporate default risk in 2025, Bundesbank says
Date: November 21, 2024
FRANKFURT (Reuters) – Germany’s economy is facing deep and profound challenges that could push up corporate insolvencies, keeping default risk elevated next year, the Bundesbank said in a Financial Stability Report on Thursday. Germany’s economy has been skirting a recession for most of the past year as weak export demand, surging energy costs and rising...