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Norwegian inflation raises expectations of faster rate hikes
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Wind turbine maker Vestas says price power improving, shares jump
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Retailers turn off lights, cut opening hours to save energy
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Greece to exit EU’s ‘enhanced surveillance’ framework after 12 years
Shares slip, dollar steady as investors await inflation data
Date: August 10, 2022
By Sam Byford and Lawrence White TOKYO/LONDON (Reuters) – Stocks trembled on Wednesday while major currencies held steady as investors were reluctant to place bets ahead of the release of U.S. inflation data that could point to the Federal Reserve’s appetite for more aggressive rate increases. The Consumer Price Index (CPI) report will be released...
UK consumer energy debt already at record levels – survey
Date: August 10, 2022
By Kate Holton and William James LONDON (Reuters) – British consumer energy debt is already at an all-time high, a survey showed on Wednesday, with six million households owing an average of 206 pounds ($249) to providers, before bills leap in October and again in January. Britain is bracing for an 82% rise in energy...
UK stocks slip on mixed earnings, focus on U.S. inflation data
Date: August 10, 2022
(Reuters) – The main UK stock indexes fell on Wednesday as investors digested mixed earnings reports, while caution reigned in global markets ahead of U.S. inflation data that could keep the Federal Reserve on course for more interest rate hikes. The blue-chip FTSE 100 slipped 0.2%, moving further away from a two-month peak hit earlier...
Explainer-Causes and consequences of Amazon fires and deforestation
Date: August 10, 2022
By Jake Spring and Gloria Dickie (Reuters) – Brazil vowed last year to halt deforestation by 2030, yet the number of fires burning in the country’s Amazon rainforest hit a 15-year high in June. Burning season began last month and the rate of forest clearing remains high. Things could worsen this month, as Brazil’s fires...
ABN Amro’s quarterly profit beats estimates despite rising costs
Date: August 10, 2022
AMSTERDAM (Reuters) -Dutch bank ABN Amro beat analyst expectations on Wednesday with a jump of 21% in second-quarter net profit to 475 million euros ($485 million), as the release of previous impairments offset rising costs. Analysts in a company-compiled poll had predicted net profit of 312 million euros for April-June, down from 393 million euros...
Royal Mail warns of FY loss if four days of strikes go ahead
Date: August 10, 2022
(Reuters) -Royal Mail warned on Wednesday that it could post a loss in the UK for the full-year 2022-23, if four days of strike called by the Communications Workers Union (CWU) in August and September went ahead. The CWU, which represents more than a 100,000 Royal Mail postal workers, said British postal workers will hold...