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German exporters pinched by 70-billion-euro price squeeze – DIHK
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Ford delays Spanish investments, citing ‘revised outlook for Europe’
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Exclusive-Tinder-owner Match ups antitrust pressure on Apple in India with new case
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Germany approves rules to turn down heating, lights this winter
European recovery set to stall, outlook cautious – Reuters poll
Date: August 24, 2022
By Samuel Indyk LONDON (Reuters) – A recent recovery in European shares looks set to stall and not reclaim end-2021 levels for well over a year, capped by fears of an energy supply crunch, slowing growth and sky-high inflation, a Reuters poll found. The median forecast from the survey of 11 fund managers, strategists and...
Germany prioritizes energy transport on railways amid shallow Rhine
Date: August 24, 2022
FRANKFURT (Reuters) – Germany on Wednesday prioritized the transportation of materials and equipment essential for energy production on part of the country’s rail networks in case water levels on the Rhine fall further and hamper shipping by river, according to a decree approved by the cabinet. The aim of the decree is to ensure the...
Turkey’s economy expanded 7.5% in Q2, seen slowing in H2 – Reuters poll
Date: August 24, 2022
By Ezgi Erkoyun ISTANBUL (Reuters) – Turkey’s economy expanded 7.5% annually in the second quarter of the year, a Reuters poll showed on Wednesday, while the full-year growth forecast stood at 4%, pointing a drop in economic activity in the second half of the year reflecting weaker demand conditions. The economy expanded 7.3% year-on-year in...
UBS ups Greek economy’s 2022 growth forecast on tourism tailwind
Date: August 24, 2022
ATHENS (Reuters) – Greece’s economy could grow by 5.7% this year from 4.0% previously forecast as the country benefits from a strong rebound in tourism, UBS said in a research report on Wednesday. “Our new growth projection is 150 basis points above market consensus of 4.2%,” UBS economist Gyorgy Kovacs said in the report. Tourism...
Richemont to sell online retailer stake to Farfetch, takes 2.7 billion euro writedown
Date: August 24, 2022
By Silke Koltrowitz and Mimosa Spencer ZURICH (Reuters) -Richemont Wednesday announced a long-awaited deal to offload most of its online fashion retailer YOOX Net-A-Porter (YNAP), clearing the way for its labels to sign up for technology run by luxury e-commerce specialist Farfetch. The deal, removing from its books a loss-making business that had become a...
Princess Diana’s one-of-a-kind Ford Escort goes up for auction
Date: August 24, 2022
LONDON (Reuters) – A unique black Ford Escort driven by the late Princess Diana in the 1980s is due to be auctioned this weekend at Britain’s Silverstone racing circuit. One of 130 lots going up for sale on Saturday, the RS Turbo Series 1 Escort belonged to Diana between 1985 and 1988. It is thought...