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Stocks jump as Treasury yields ease and oil prices sell off
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Oil settles below $90 as recession fears mount
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Energy crisis an ‘existential threat’ to EU metal production -Eurometaux
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Shelling damages Zaporizhzhia nuclear plant’s backup power line -IAEA
China’s Tencent raises stake in ‘Assassin’s Creed’ maker Ubisoft
Date: September 8, 2022
By Mathieu Rosemain, Tassilo Hummel and Julie Zhu PARIS/HONG KONG (Reuters) -Tencent Holdings Ltd is raising its stake in Ubisoft Entertainment SA in a deal that values France’s biggest games developer at about $10 billion, as deep-pocketed Chinese tech majors continue their overseas search for growth. Interest in Ubisoft comes as the world’s largest games...
Resilient U.S. dollar soars to 24-year high vs yen, 37-year peak vs sterling
Date: September 8, 2022
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar surged to a 24-year peak against the yen and a 37-year high versus sterling on Wednesday, as Japan’s dovish monetary policy and Europe’s economic problems contrasted with a relatively stronger U.S. economy and a hawkish Federal Reserve determined to bring down inflation to its 2% inflation target....
Europe unveils hi-tech satellite to speed up extreme weather warnings
Date: September 8, 2022
By Tim Hepher CANNES, France (Reuters) – Europe on Wednesday unveiled the first of a 4 billion euro ($4 billion) family of satellites designed to give earlier warning of extreme weather that has been causing havoc across the globe this year. The result of 12 years of development for the European Space Agency and 30-nation...
Video game maker CD Projekt’s first-half profit beats expectations
Date: September 8, 2022
(Reuters) -Polish video game maker CD Projekt’s is planning to release one major expansion of its flagship Cyberpunk game, after reporting first-half net profit above expectations. CD Projekt gained prominence with “The Witcher” medieval fantasy video game series and has been in the spotlight after Cyberpunk’s troubled rollout in late 2020. “We decided to develop...
Carrefour unveils 30 euro shopping basket in Spain after government price cut proposal
Date: September 8, 2022
MADRID (Reuters) – Supermarket chain Carrefour will sell Spanish consumers a basket of 30 basic goods for 30 euros, the company said on Wednesday, days after Spain announced it was considering asking big retailers to offer special price packages to mitigate inflation. The government’s announcement was met with criticism by Spanish business groups and some...
Chevron considering rail transport for Kazakhstan oil, CEO says
Date: September 8, 2022
(Reuters) – Chevron Corp. is working with the Kazakhstan government to assure oil flows from the landlocked country’s fields can be sustained in the event of halts to Black Sea loadings, Chief Executive Michael Wirth said at an energy conference on Wednesday. Oil from Kazakhstan’s vast Tengiz Field flows across Russia via a pipeline to...