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Potential Norway oil and gas strike could hit output, employers say
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Greek PM says EU must integrate Western Balkans by 2033 – Politico
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No signs of Russian threat to Sweden, Finland -NATO deputy chief
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Russia uses trial of foreigners to raise stakes over talks – Ukrainian official
UK plans to probe Apple, Google’s mobile browser dominance
Date: June 10, 2022
LONDON (Reuters) -Britain’s competition watchdog said it was planning to investigate the market dominance of Apple Inc and Google’s mobile browsers, as well as the iPhone maker’s restrictions on cloud gaming through its app store. The Competition and Markets Authority (CMA) said on Friday it was also taking enforcement action against Alphabet Inc’s Google over...
Sterling set for second weekly decline vs dollar as economic outlook weighs
Date: June 10, 2022
By Joice Alves LONDON (Reuters) – Sterling fell on Friday against the U.S. dollar and was set for a second consecutive week of declines as Britain’s gloomy economic outlook left investors on edge. The pound slipped 0.35% versus the dollar to $1.2454 pence, not far from a three-week low touched earlier this week. Financial markets...
Norwegian Air pilots win better pay and terms in times of labour strife
Date: June 10, 2022
By Gwladys Fouche OSLO (Reuters) – Norwegian Air pilots won a 3.7% pay rise and improved working conditions after wage talks with the budget carrier’s management, the head of the union representing Norwegian Air pilots in Scandinavia told Reuters. The resolution at Norwegian Air stands out as rifts between management and unions elsewhere in Europe...
Tesla cancels three June online hiring events for China
Date: June 10, 2022
SHANGHAI (Reuters) – Tesla Inc has cancelled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was “overstaffed” in some areas. However, Musk had not commented specifically on staffing in China, which made more than half of...
Hawkish ECB prompts banks, markets to ratchet up rate hike bets again
Date: June 10, 2022
By Dhara Ranasinghe LONDON (Reuters) -Investment banks are ratcheting up bets on euro zone interest rate hikes in the months ahead, a day after the European Central Bank took markets by surprise with a more hawkish than anticipated stance on surging inflation. Deutsche Bank now expects the ECB to deliver two, hefty 50 basis point...
Explainer: What would Japan’s currency intervention to combat a weak yen look like?
Date: June 10, 2022
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government and the central bank are “concerned” about recent sharp yen declines and stand ready to respond as needed on currency policy, they said in a rare joint statement on Friday. “We have seen sharp yen declines and are concerned about recent currency market moves,”...