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Funds from electricity levy could help German households, says renewables association
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Prince Harry hopes Diana death anniversary will be ‘filled with memories’
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Global equity funds see large outflows on slowdown worries
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Heavy Norwegian gas maintenance adds to energy price pressure
European stocks slip on dour German sentiment survey ahead of Powell speech
Date: August 26, 2022
By Anisha Sircar (Reuters) -European shares slipped on Friday as investors fretted over downbeat German consumer sentiment data due to rising energy costs and the path for U.S. interest rate hikes ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. The pan-European STOXX 600 dipped 0.1% in choppy trade, after rising at the...
Thousands of British postal workers walk out over pay
Date: August 26, 2022
LONDON (Reuters) – More than 115,000 workers at Britain’s Royal Mail began the first of four days of strike action on Friday in a pay dispute which the postal group said was likely to cause significant disruption for customers. It is the latest in a spate of labour stoppages to hit Britain as workers demand...
Factbox-How far are UK energy bills set to rise and what help are consumers getting?
Date: August 26, 2022
LONDON (Reuters) – Britain’s energy regulator Ofgem said on Friday the cap on domestic energy prices would rise to 3,549 pounds ($4,188.17) a year from the start of October due to soaring wholesale costs, increasing pressure on already-stretched household budgets. PREVIOUS AND FORECAST PRICE CAP LEVELS The price cap has more than tripled in the...
FTSE 100 extends gains, Micro Focus soars on buyout deal
Date: August 26, 2022
By Johann M Cherian and Sruthi Shankar (Reuters) -UK’s blue-chip index rose for a second straight day on Friday on gains in commodities and banking sectors, while shares of software firm Micro Focus nearly doubled after a $6 billion buyout deal. The FTSE 100 index rose 0.5%. The industrial metal and mining index climbed 1.7%...
Russian rouble opens flat, sticks to 60-mark against U.S. dollar
Date: August 26, 2022
(Reuters) – The Russian rouble opened flat in trading on Friday as month-end tax payments by exporters helped keep the currency hovering around the benchmark 60-level against the U.S. dollar. The Russian currency was unchanged against the dollar at 60.13 at 0723 GMT, and had slipped 0.3% against the euro to trade at 59.74. The...
Sentiment among German exporters falls for third month in a row -Ifo
Date: August 26, 2022
BERLIN (Reuters) – Sentiment among German exporters fell for the third month in a row in August as high gas prices and a weak global economic environment weigh on the outlook, said a survey on Friday. The Ifo institute’s index of exporter expectations fell to -2.7 in August from -0.4 points in July. While a...