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E.ON casts doubt on German plan to keep nuclear plants on standby
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Greece considers listing 30% stake in Athens airport
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UK’s finance minister sets out new economic approach to finance bosses
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BoE’s Bailey speaks about surging inflation and rate hikes
European shares fall as miners tumble on weak China demand
Date: September 7, 2022
By Shreyashi Sanyal (Reuters) – European shares fell on Wednesday, with miners leading losses, as investors fretted over global demand outlook for metals following lacklustre trade data from China, while Ubisoft slid as a deal with Tencent dampened its buyout prospects. Miners exposed to China lost 2.0% by 0828 GMT, while the European oil &...
Murmurs of ‘sterling crisis’ no longer fanciful: Mike Dolan
Date: September 7, 2022
By Mike Dolan LONDON (Reuters) – Even though fears of another “sterling crisis” have been wide of the mark for decades, they are harder to bat away this time around as a fourth British prime minister in six years takes the helm. In an interview last month, Bank of England chief Andrew Bailey testily dismissed...
Europe’s alternatives if Russia shuts off gas supply
Date: September 7, 2022
(This September 2 story corrects to show Germany plans to build five LNG terminals not two) By Nina Chestney LONDON – The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe’s difficulties in securing fuel. Gazprom...
Finnair to cut costs, reduce fleet to return profitable
Date: September 7, 2022
(Corrects to read Wednesday (not Monday), paragraph 1) HELSINKI (Reuters) – Finnair will reduce its fleet, cut costs and seek to build a geographically more balanced network, the Finnish national carrier said on Wednesday in a new strategy to solve its profitability problems. Finnair has been working on a new strategy and seeking new commercially...
UK housing market keeps momentum but slowdown ahead: Halifax
Date: September 7, 2022
LONDON (Reuters) -British house prices rose in August although a torrid economic outlook spells trouble for the housing market in the months ahead, mortgage lender Halifax said on Wednesday. Prices increased by 0.4% month-on-month in August after a 0.1% dip in July, Halifax said. In annual terms, they were 11.5% higher, the lowest such rate...
EU, U.S. step up Russian aluminium, nickel imports since Ukraine war
Date: September 7, 2022
By Eric Onstad LONDON (Reuters) -The European Union and United States have ramped up buying key industrial metals from Russia, data showed, despite logistical problems spurred by the war in Ukraine and tough talk about starving Moscow of foreign exchange revenue. The metal shipments highlight the West’s difficulty in pressuring Russia’s economy, which has performed...