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Looks aren’t everything – British supermarkets to stock misshapen fruit amid drought
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Dollar edges lower as investors wait on Fed’s Powell
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Fortum says rising costs of Nordic power trading are “worrying”
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Europe’s Wizz Air considering a Saudi operating license
Oil firms must step up exploration off Norway to unlock potential -NPD
Date: August 25, 2022
By Nerijus Adomaitis OSLO (Reuters) – Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea to find the remaining reserves of oil and gas beneath the country’s oceans, the Norwegian Petroleum Directorate said on Thursday. Norway has pumped petroleum from its continental shelf for more than 50...
Ukraine war, energy crisis send German business sentiment to lowest level since June 2020
Date: August 25, 2022
By Miranda Murray BERLIN (Reuters) -German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war, the resulting energy crisis and fears of an economic downturn in the third quarter, a survey said on Thursday. The Ifo institute’s closely watched business climate index fell for...
Sterling rises 0.5% as dollar takes a breather
Date: August 25, 2022
By Samuel Indyk LONDON (Reuters) – Sterling recouped some losses against the dollar on Thursday but was still languishing near a 2-1/2 year low ahead of upcoming speeches by Bank of England and Federal Reserve officials that could determine the near term outlook for the currency. The Kansas City Federal Reserve’s Jackson Hole Symposium kicks...
FTSE 100 rebounds on energy, earnings lift
Date: August 25, 2022
By Johann M Cherian and Sruthi Shankar (Reuters) -London’s blue-chip stock index bounced off two-week closing lows on Thursday, as energy stocks received a lift from rising crude prices and investor sentiment steadied ahead of an annual conference of world central bankers. The FTSE 100 index gained 0.6% after three consecutive sessions of losses. Oil...
EU to urge big polluters to toughen climate pledges by COP27 summit – draft
Date: August 25, 2022
By Kate Abnett BRUSSELS (Reuters) – The European Union will urge the world’s biggest economies to improve their targets to fight climate change ahead of this year’s U.N. climate summit and warn that states’ current efforts fall short, according to a draft document seen by Reuters. Despite a raft of new emissions-cutting commitments countries announced...
Energy stocks boost European shares ahead of ECB minutes
Date: August 25, 2022
By Anisha Sircar (Reuters) -European shares firmed on Thursday on a boost from oil stocks ahead of minutes from the last policy meeting of the bloc’s central bank, although gains were capped on mounting concerns of a recession induced by an energy crisis. The pan-European STOXX 600 rose 0.6% in early trade to 434.5, eyeing...