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Musk’s Tesla stock sale windfall dwarfs Twitter loss
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UK’s Javid sets out tax-cutting plan in pitch to be PM
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Musk makes meme on Twitter legal threat after scrapping $44 billion deal
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Exclusive-French nationalisation of EDF set to cost more than 8 billion euros
UK inflation still likely to fall sharply next year, BoE’s Bailey says
Date: July 11, 2022
By David Milliken LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that he still thought that inflation was likely to fall sharply next year, broadly in line with forecasts the British central bank presented in early May. Bailey told a parliamentary committee that he did not expect a new set of forecasts...
Explainer-What happens if Germany’s Russian gas flows stop
Date: July 11, 2022
By Vera Eckert and Tom Käckenhoff FRANKFURT (Reuters) – Germany, the world’s fourth-biggest economy, is preparing for all scenarios including a complete stop to Russian gas supplies once a regular 10-day maintenance period on the giant Nord Stream 1 pipeline ends. Maintenance on the pipeline, which carries Russian gas directly into Germany, began on July...
U.N. adds Ukraine, Ethiopia, Mozambique to children killing inquiry
Date: July 11, 2022
By Michelle Nichols UNITED NATIONS (Reuters) – U.N. officials will investigate the killing and wounding of children in Ukraine, Ethiopia and Mozambique, U.N. chief Antonio Guterres said on Monday in a report that found 2,515 children were killed and 5,555 maimed in global conflicts in 2021. The annual “Children and Armed Conflict” report also verified...
Italy looks at ways to curb gas consumption as Russian flows wane
Date: July 11, 2022
By Giuseppe Fonte ROME (Reuters) -Italians could be encouraged to turn down the heating in winter and spend less time in the shower as reduced gas flows from Russia focus minds on how to cut energy consumption. The ideas surfaced after Italian energy group Eni said it would receive about a third less gas from...
Oil steadies as China COVID fears face tight supply concerns
Date: July 11, 2022
By Scott DiSavino NEW YORK (Reuters) -Oil prices were little changed on Monday as markets balanced an expected drop in demand because of mass testing for COVID-19 in China against ongoing concerns over tight supply. Brent futures fell 33 cents, or 0.3%, to $106.69 a barrel by 12:43 p.m. EDT (1643 GMT), while U.S. West...
Saipem raises initial 1.4 billion euros in capital increase
Date: July 11, 2022
MILAN (Reuters) -Italy’s Saipem has raised around 1.395 billion euros ($1.4 billion) to stabilise its finances, the energy services group said on Monday, adding that investors subscribed around 70% of the new shares it was issuing in a cash call. Last month Saipem launched a 2 billion euro hyper-dilutive capital increase, which was open until...