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Activist investor fights for broader representation at Richemont
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Factbox: Government measures to ease inflation pain
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Italy’s centre-left dealt blow as centrist party quits electoral pact
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Wait and see: U.S. companies curb investment as they await Fed moves
Ukraine faces key test on debt freeze plan in bid to avoid messy default
Date: August 8, 2022
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – Ukraine’s creditors vote this week on a government proposal to defer payments on the war-torn country’s international bonds for 24 months as Kyiv hopes to swerve a $20 billion messy default. Bondholders have until 5 p.m. New York time (2100 GMT) on Tuesday to decide...
Sterling holds near $1.21 as traders review BoE forecasts
Date: August 8, 2022
By Samuel Indyk LONDON (Reuters) – The British pound was little changed against the dollar and euro on Monday as traders digested last week’s Bank of England (BoE) decision and turned their focus to growth figures due on Friday that should give clues on the state of the economy. The data, expected to show a...
Ukraine’s nuclear chief calls for military-free zone at Zaporizhzhia plant
Date: August 8, 2022
By Natalia Zinets KYIV (Reuters) -The head of Ukraine’s state nuclear power company Energoatom called on Monday for the Zaporizhzhia nuclear power plant to be made a military-free zone, warning of the risk of a Chernobyl-style nuclear disaster after the site was hit by shelling. He called for a team of peacekeepers to be deployed...
Musk says Twitter deal should go ahead if it provides proof of real accounts
Date: August 8, 2022
(Reuters) -Elon Musk said that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy the company should proceed on its original terms. “However, if it turns out that their SEC filings are materially false, then it should not,”...
The pound, gilts and renewables: the winners and losers under Britain’s future PM
Date: August 8, 2022
LONDON (Reuters) – The race to be the next leader of Britain’s ruling-Conservative Party and the country’s prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months. The contest between foreign minister Liz Truss and former finance minister Rishi Sunak...
As prices rise, the Post Office says Britons are turning back to cash
Date: August 8, 2022
By Farouq Suleiman LONDON (Reuters) – More Britons are turning to cash to manage their budgets as prices soar, the Post Office said on Monday after it saw a record level of withdrawals over its counters in July. Personal cash withdrawals rose almost 8% month-on-month to 801 million pounds ($967 million), it said, noting it...