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UK launches review of British electricity market
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Zelenskiy sidelines close allies in Kyiv’s biggest purge of war
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Shanghai enforces new COVID testing, some areas in China extend lockdowns
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Stellantis, China’s GAC to terminate loss-making joint venture
Sri Lanka says IMF talks near end after declaring state of emergency
Date: July 18, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s acting President Ranil Wickremesinghe said on Monday that the country had almost concluded negotiations with the International Monetary Fund (IMF), a day after he declared a state of emergency in the island nation. “The acting president further explained that negotiations with the International Monetary Fund (IMF) were nearing...
U.S. crypto exchange Coinbase wins regulatory nod in Italy
Date: July 18, 2022
By Akriti Sharma and Tom Wilson (Reuters) -Major U.S. crypto exchange Coinbase Global Inc has won approval from Italian regulators to continue to serve customers in Italy, it said in a blog on Monday. Coinbase said it had met requirements from the Organismo Agenti e Mediatori (OAM), which oversees financial agents and credit brokers in...
Amazon takes on Britain’s Tesco with price match scheme
Date: July 18, 2022
LONDON (Reuters) – Amazon, seeking an edge amid a deteriorating cost of living crisis, will match UK grocery market leader Tesco’s prices on hundreds of products, it said on Monday. The new scheme from Amazon Fresh, which delivers groceries to Amazon Prime members, will match its prices to Tesco Clubcard deals on everyday items, including...
Dutch central bank fines Binance 3.3 million euros
Date: July 18, 2022
AMSTERDAM (Reuters) -The Dutch central bank (DNB) on Monday said it had fined Binance, one of the biggest cryptocurrency exchanges, 3.3 million euros ($3.35 million) for offering services in the Netherlands without being registered in the country. The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance...
Sterling surges vs weakening U.S. dollar, political risks caps rally
Date: July 18, 2022
By Joice Alves LONDON (Reuters) – Sterling surged against a weakening U.S. dollar on Monday as markets scaled back some of their bets on Federal Reserve rate hikes, but the UK currency’s rally was capped by political risks and persistent recession fears in Britain. Sterling touched a more than two-year low of $1.1761 on Thursday,...
UK shares touch over 2-week high, GSK spin-off Haleon lists on LSE
Date: July 18, 2022
By Sruthi Shankar (Reuters) -UK’s main stock indexes hit more than two-week highs on Monday, as an upbeat global mood lifted economically sensitive sectors, while shares of Haleon, spun off from drugmaker GSK, debuted on the London Stock Exchange. European and Asian stock markets tracked a Wall Street rally on Friday, when better-than-expected earnings and...