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Spanish govt insists on energy savings plan despite opposition
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Safe haven dollar eases as risk appetite lifted by jobs data
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Ukraine calls for demilitarised zone around nuclear plant hit by shelling
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Biden ‘concerned’ as China extends military drills around Taiwan
UK government told to act now over cost of living crisis
Date: August 8, 2022
LONDON (Reuters) – The British government came under pressure on Monday to set out plans immediately to support families through a mounting cost of living crisis, with a leading business group and former prime minister saying a political vacuum cannot be allowed to last. The Bank of England warned on Thursday a long recession was...
Analysis: Democrats score big wins on climate, drugs with $430 billion U.S. Senate bill
Date: August 8, 2022
By David Morgan WASHINGTON (Reuters) – Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill that will help reduce the carbon emissions that drive climate change while also cutting drug costs for the elderly. President Joe Biden’s congressional allies hope the bill, which they...
Two more grain ships sail from Ukraine as third port opens
Date: August 8, 2022
ISTANBUL (Reuters) – Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten since the first ship sailed last week under a deal with Russia to unblock Ukrainian grain exports. The United Nations and Turkey brokered the agreement last month after...
Wall Street steadies after U.S. jobs report sell-off
Date: August 8, 2022
By Lawrence Delevingne and Tom Wilson (Reuters) – U.S. and global stock markets gained ground on Monday, recovering from losses sparked by a strong U.S. jobs report last week that bolstered the case for sharp interest rate hikes, while the dollar weakened and government bond yields fell. On Wall Street, the Dow Jones Industrial Average...
Exclusive-Stellantis Mexico unit okays independent union; U.S. trade probe to end
Date: August 8, 2022
By Daina Beth Solomon MEXICO CITY (Reuters) – A Mexican unit of carmaker Stellantis expects to resolve a complaint from Washington in several days, it said after it agreed to recognize an independent union, a move workers attributed to U.S. pressure under a recent trade pact. Stellantis-owned Teksid Hierro de Mexico said the complaint, which...
ECB, IMF call on climate standard setters to align company disclosures
Date: August 8, 2022
By Huw Jones LONDON (Reuters) – A global standard setter for company climate disclosures should align with European and U.S. alternatives for easier implementation across jurisdictions and to avoid fragmenting information to investors, the European Central Bank and IMF have said. The Frankfurt-based International Sustainability Standards Board (ISSB) has proposed global “baseline” reporting standards, which...