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Germany risks recession as Russian gas crisis deepens
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French opposition tells ‘arrogant’ Macron: compromise to win support
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EasyJet agrees to buy 56 Airbus A320neo jets
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Google resolves French copyright dispute over online content
Return of the superjumbo: A380 makes comeback despite high oil prices
Date: June 21, 2022
By Jamie Freed and Tim Hepher DOHA (Reuters) – Two years ago, dozens of Airbus A380s set course for storage in sites from rural France to the Gulf as the outbreak of COVID-19 accelerated the demise of the world’s largest jets. Now, the iconic European double-decker is gaining a new lease on life as airlines...
In Ecuador’s Amazon, indigenous forest defense gains legal ground
Date: June 21, 2022
By Anastasia Moloney SINANGOE/PUYO, Ecuador June 21 (Thomson Reuters Foundation) – Deep in Ecuador’s Amazon rainforest, indigenous leader Marcelo Lucitante deftly climbs a tree and attaches a camera trap, camouflaged among thick jungle foliage, to record footage of trespassing illegal gold miners. “We monitor who’s entering our territory without our permission. We’re protecting our territory...
Spain readies new tax on electric utilities’ profits
Date: June 21, 2022
MADRID (Reuters) -The Spanish government is readying a new tax on electricity utilities’ profits, which have been boosted by energy prices, Budget Minister Maria Jesus Montero said on Tuesday. “Since profits of electric utilities have been exorbitant, from the government’s point of view, we want to be able to ask them for a higher contribution,”...
Crypto fears now materialising, central bank body BIS says
Date: June 21, 2022
By Marc Jones LONDON (Reuters) – Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said. The BIS, the global umbrella body for central banks, sounded the warning in an upcoming annual report, in which it also urged more effort in...
Anticipating US downturn, Elon Musk details Tesla staff cuts
Date: June 21, 2022
By Andrew Mills, Yousef Saba and Hyunjoo Jin DOHA (Reuters) -Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. His remarks were his most detailed explanation of job...
Global luxury outlook still strong, sales to grow at least 5% this year -consultancy
Date: June 21, 2022
By Mimosa Spencer PARIS (Reuters) – Sales of luxury goods are set to rise at least 5% this year as shoppers in the United States and Europe continue to snap up high-end watches, jewelry and shoes despite political uncertainty linked to conflict in Ukraine and soaring inflation, consultancy Bain said Tuesday. “Consumption doesn’t seem to...