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German coalition quarrels over plan to help ‘fragile’ economy
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Wildfires rage in France, thousands evacuated from homes
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Soccer-Germany coach Flick delighted with Werner’s Leipzig return
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Oil drops on Druzhba pipeline restart, demand fears
China’s factory inflation hits 17-month low, consumer prices speed up
Date: August 10, 2022
By Liangping Gao and Kevin Yao BEIJING (Reuters) -China’s factory-gate inflation eased in July to a 17-month low, defying global cost pressures as slower domestic construction weighed on raw material demand, although consumer price increases hit a two-year high as pork supplies tightened. The producer price index (PPI) rose 4.2% year-on-year, the National Bureau of...
Stocks climb, yields fall with dollar on inflation data
Date: August 10, 2022
By Sinéad Carew NEW YORK (Reuters) – Wall Street equities rallied and Treasury yields plunged after signs of sharply decelerating U.S. inflation prompted bets that the Federal Reserve would raise rates at a slower pace than previously expected. The dollar also tumbled after U.S. data showed that consumer prices did not rise in July as...
Analysis: With reshuffled cabinet, PM Kishida gets to work in choosing next BOJ head
Date: August 10, 2022
By Leika Kihara TOKYO (Reuters) – With a cabinet reshuffle out of the way, Prime Minister Fumio Kishida’s search for the next Bank of Japan (BOJ) governor will intensify in coming months with a small but possible chance of a dark horse getting the job. Kishida gave some key posts to lawmakers loyal to deceased...
Soccer-Qatar World Cup to begin one day earlier than planned – sources
Date: August 10, 2022
By Simon Evans MANCHESTER, England (Reuters) -The World Cup in Qatar will kick-off a day earlier than scheduled if FIFA’s ruling bureau agree to a plan to hold the opening ceremony and the host nation’s first match on Sunday Nov. 20th, a source close to the discussions told Reuters. The original plan was for the...
TUI’s disruption-hit quarter takes shine off strong summer bookings
Date: August 10, 2022
By Yadarisa Shabong (Reuters) -TUI, one of the world’s largest tour operators, took a 75 million euros ($77 million) hit in the third quarter from flight disruption across Europe, pushing it to a loss on Wednesday. Incoming Chief Executive Sebastian Ebel said there would be significant but lower costs related to air disruption in the...
Exclusive: Volkswagen’s new CEO plans to shrink management board – sources
Date: August 10, 2022
By Jan Schwartz HAMBURG (Reuters) – Volkswagen’s incoming CEO Oliver Blume plans to shrink the size of the German carmaker’s management board, two people familiar with the matter said, aiming to sharpen its focus after a turbulent few years under his predecessor. The sources said the number of board seats could be cut to eight...