31

Jul

IMF sees “critical role” as world transitions to digital money

The International Monetary Fund must ramp up its resources as it seeks to "monitor, advise on, and help manage this far-reaching and complex transition" to digital money, according to an…

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26

Jul

Binance stops crypto margin trading against pound, Aussie dollar, euro

Binance, the world's largest cryptocurrency exchange, said on Monday that it would stop offering cryptocurrency margin trading involving the Australian dollar, euro and sterling. The cryptocurrency exchange's curbs on its…

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15

Jul

Electricity demand rebound will require more fossil fuel generation -IEA

Global electricity demand is growing faster than renewable energy capacity can be rolled out and will require more power to be generated from the burning of fossil fuels, the International…

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12

Jul

Cryptocurrency trading volumes slump 40% in June, data shows

Trading volumes at major cryptocurrency exchanges fell by more than 40% in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors depressing…

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28

Jun

Seychelles looking to diversity economy beyond tourism post-COVID

Seychelles said on Wednesday it is looking to diversify its economy beyond its mainstay of tourism into areas such as fisheries after visitor numbers were battered by restrictions to arrest…

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23

Jun

EU watchdog tells banks to have a 10-year climate plan

Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc's banking…

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17

Jun

Crude oil prices drop, pressured by stronger U.S. dollar

Crude oil prices fell on Thursday as the U.S. dollar strengthened after the U.S. Federal Reserve signaled it might raise interest rates faster than expected, but losses were limited by…

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16

Jun

Airlines plead with Britain to ease travel restrictions

Airlines renewed their calls on Britain to restart international travel, pleading with the government to allow people vaccinated against COVID-19 to travel freely with the peak summer season just weeks…

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16

Jun

Digital euro might suck away 8% of banks’ deposits – Morgan Stanley

A digital euro could suck away 8% of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of the…

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16

Jun

EU chief to launch recovery fund in Lisbon, Madrid

European Commission chief Ursula von der Leyen visits Lisbon and Madrid Wednesday where she will begin approving recovery plans submitted by nations seeking funding from the bloc's coronavirus recovery fund.…

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13

Jun

Pandemic seen driving southeastern Europe warehouse boom

Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets. Like…

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03

Jun

LNG trade rises to record in 2020 but growth slowed by COVID-19 -IGU

Global liquefied natural gas (LNG) trade volumes rose to a record last year led by Asia, though growth was marginal as demand was slammed by coronavirus-induced restrictions, according to a…

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03

Jun

IMF sees Greek economy growing 3.3% in 2021, boosted by EU funds, tourism

The Greek economy should grow by 3.3% this year and 5.4% in 2022, fuelled by European recovery fund investment, pent-up consumer demand and an expected return of tourism, International Monetary…

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29

May

Europe has passed turning point but still needs ECB support: Schnabel

The euro zone economy has reached a turning point and the recent rise in borrowing costs reflects improved fundamentals, European Central Bank board member Isabel Schnabel told Reuters, playing down…

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27

May

Reports Hyundai to slash combustion engine line-up, invest in EVs

Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South…

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26

May

Sweden’s Evolution bets online casinos will outstrip physical venues

Swedish gambling technology company Evolution is betting online casinos will increasingly replace physical venues and help to maintain its rapid recent expansion. Evolution shares have jumped 170% over the past…

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21

May

EU eyes crackdown on risks from foreign bank branches – sources

European Union regulators are considering tougher scrutiny of foreign bank branches in the bloc whose ranks have been swelled by Brexit to create "negative risks", sources familiar with the discussions…

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17

May

EU to suspend tariff hikes for U.S. imports for maximums 6 months

The European Union has agreed a partial truce with the United States in a dispute over U.S. metals tariffs imposed by former president Donald Trump as the two sides start…

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07

May

British Airways-owner IAG cautious on short term flying recovery

British Airways-owner IAG on Friday forecast only a minimal pick-up in capacity to 25% for the April to June quarter, remaining cautious despite hopes that European travel will start to…

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07

May

Ericsson settles patent dispute with Samsung

Ericsson said on Friday it had reached a multi-year agreement on global patent licenses with Samsung, ending a dispute that hit the Swedish telecom equipment maker's first-quarter revenue. Ericsson expects…

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06

May

Microsoft to allow EU customers to process, store data in the region

Microsoft Corp will allow commercial and public sector customers in the European Union to process and store all of their data in the region, a growing demand from some clients.…

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24

Apr

One in 3 UK employees worked from home last year – stats office

Some 36% of employees in Britain did at least some work from home last year as the coronavirus pandemic closed many workplaces, a jump from around 26% in 2019, the…

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24

Apr

Study shows huge global disparities in electric car ownership

Europe and China dominate the world market for electric cars, but there are still very few electrified vehicles on the roads in large markets like Russia, South America and Africa,…

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24

Apr

Major oil trading firms stow diesel, jet fuel on supertankers as demand rebound eyed

Major oil trading companies are stowing diesel and jet fuel on newly built supertankers in Asia and Africa in anticipation of COVID-19 vaccinations driving prices higher in the months ahead…

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24

Apr

Microsoft to invest $1 bln in Malaysia to set up data centres

Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation's…

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24

Apr

Italian restaurants ready outdoor tables ahead of easing of COVID-19 curbs

Restrictions on many businesses, including restaurants, bars and cinemas, will be relaxed in many Italian regions from Monday, as the government slowly rolls back coronavirus curbs in low-infection areas. Fourteen…

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24

Apr

Microsoft testing Xbox cloud gaming on PCs, Apple mobile devices

 Microsoft Corp's gaming division Xbox this week rolled out a beta version of its cloud gaming service on web browsers of Windows 10 PCs and Apple Inc's iPhones and iPads.…

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24

Apr

UPDATED: Turkey detains four in Vebitcoin investigation

Turkish authorities have blocked the onshore bank accounts of Vebitcoin and detained four people as part of an investigation into the cryptocurrency exchange platform, a local prosecutor said on Saturday.…

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23

Apr

Airlines look past slow recovery to post-pandemic travel

Even as new setbacks cloud their path to recovery, airline bosses are focusing on the lasting impact of COVID-19 on premium travel, technology and other pillars of their business. Aviation…

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23

Apr

Swiss savers could power post-COVID economic recovery

Swiss consumers are set to boost the country's post-COVID-19 economic recovery, economists say, by using the mountains of cash saved during the crisis to fuel a spending spree. Wealthy Switzerland's…

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23

Apr

Amazon and Nestle join public-private plan to save world’s forests

The United States, Norway and Britain joined forces with companies including Amazon and Nestle to launch a project aimed at protecting the world’s tropical forests. Announcing the Lowering Emissions by…

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23

Apr

Irish consumer sentiment improves to 13-month high

Irish consumer sentiment climbed slightly to hit its highest in April since the onset of the COVID-19 pandemic, a survey showed on Friday, but recipients expressed caution about the long-term…

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23

Apr

UPDATED: Turkey detains 62 people in cryptocurrency trading firm probe

Turkish police have detained 62 people in an investigation of a cryptocurrency trading platform provider, state-owned Anadolu news agency said on Friday, after thousands of Turks filed criminal complaints saying…

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23

Apr

UK retail sales soared in March ahead of lockdown easing

British retail sales rocketed last month as consumers prepared for a partial lifting of coronavirus lockdown restrictions across much of the country, official data showed on Friday. Sales volumes jumped…

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23

Apr

Oil edges higher on U.S., Europe demand hopes

Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India's…

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22

Apr

Cathay Pacific to close pilot bases in Canada, Australia, New Zealand

Hong Kong's Cathay Pacific Airways Ltd will close its Canadian pilot base and has proposed to also shut its pilot bases in Australia and New Zealand, the airline said on…

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22

Apr

Britain shows fledgling signs of economic recovery

Britain is showing signs of economic recovery from the COVID-19 pandemic as it gradually relaxes its latest lockdown measures, according to a range of timely and forward-looking indicators. The world's…

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22

Apr

Egypt economy seen growing 2.9% in year to June, 5.0% in 2021/22

Egypt's economy will grow by 2.9% in the fiscal year that ends in June and will accelerate to 5.0% in the following year as the coronavirus pandemic recedes and tourists…

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22

Apr

Coffee and dairy help Nestle beat expectations

Nestle on Thursday posted its strongest quarterly sales growth in 10 years, citing stronger demand for coffee, dairy and petcare products. The world's biggest food group has weathered the COVID-19…

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22

Apr

Gulf economies seen rebounding this year but some forecasts scaled back

The economies of the six-member Gulf Cooperation Council are expected to return to growth this year, a quarterly Reuters survey showed on Thursday, but half are seen expanding less than…

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22

Apr

Pernod Ricard eyes full year profit growth after sales beat forecasts

French spirits group Pernod Ricard said strong demand in its key U.S. and Chinese markets underpinned a 19.1% jump in sales in the third quarter of its 2020/2021 fiscal year,…

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22

Apr

Strong Asia growth powers Hermes sales

Sales at Birkin bag maker Hermes soared 44% in the first quarter, powered by strong growth in Asia, where revenues nearly doubled from a year earlier as COVID-19 restrictions eased…

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22

Apr

Apple plans to expand ads business

Apple Inc is planning to expand its advertising business by adding a second advertising slot in its App Store search page's "suggested" section, the Financial Times reported on Thursday. The…

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22

Apr

Airbus shakes up aero parts manufacturing

Airbus has launched the biggest shake-up of its manufacturing network in more than a decade, with large-parts activities reorganized in France and Germany and some small-parts production hived off ahead…

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22

Apr

Libya oil output falls to 1 mln bpd hit by money troubles

Libya's oil production fell to about 1 million barrels per day (bpd) in recent days and could drop further due to budgetary issues, the National Oil Corporation said on Thursday.…

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22

Apr

Fintech Revolut to hire 300 for India support hub

Revolut will hire 300 staff for its subsidiary in India and make a multi-million pound investment there as part of its global expansion, the British-based digital bank app said on…

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22

Apr

Encrypted chat app Signal alleges flaws in Cellebrite equipment

Encrypted chat app Signal suggested in a blog post that products sold to law enforcement from Israeli surveillance provider Cellebrite can easily be sabotaged. Cellebrite DI Ltd, which specializes in…

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22

Apr

UPDATED: Greece cuts business tax to help pandemic recovery

Greek Prime Minister Kyriakos Mitsotakis announced new tax measures on Thursday to help the economy recover from the effects of the coronavirus pandemic, cutting the basic business tax rate by…

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22

Apr

Gold nears $1,800 level as U.S. dollar, yields retreat

Gold prices rose to a two-month high on Thursday, approaching the key $1,800 threshold as the U.S. dollar faltered with easing Treasury yields, while supply concerns kept palladium anchored near…

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21

Apr

Heineken exceeds expectations with flat beer sales

Heineken NV, the world's second-largest brewer, fared better than expected at the start of 2021 as increased beer sales in Africa and Asia offset a sharp decline in Europe. The…

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21

Apr

Gucci joins luxury goods rebound, boosting Kering sales

Revenue at Kering’s  Gucci fashion label rebounded strongly in the first quarter, adding to signs of a comeback for the broader luxury goods industry as COVID-19 restrictions ease in major…

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21

Apr

Instagram launches feature to tackle hate speech, abuse

Facebook Inc's Instagram is rolling out a feature to prevent users from viewing possibly abusive messages by filtering offensive words, phrases and emojis on the photo-sharing app. The company said…

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19

Apr

Turkey expects double-digit GDP growth finance minister says

Turkey's economy is expected to grow at a double-digit pace in the second quarter after logging about a 5% gross domestic product (GDP) expansion in the first quarter, Finance Minister…

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19

Apr

Microsoft helps 30 million people worldwide acquire digital skills during COVID-19

Microsoft Corp. announced it has helped over 30 million people in 249 countries and territories gain access to digital skills, topping its initial goal of 25 million last June, and is…

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19

Apr

UPDATED: Britain to look closer at creating digital currency

Britain stepped up efforts on Monday to look at the case for a digital pound in response to the challenge posed by cryptocurencies such as bitcoin, and outlined plans to…

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19

Apr

Oil falls amid surging coronavirus infections in India, other countries

Oil prices fell on Monday amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity, along with…

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16

Apr

Oil predicted to hit $40 by 2030 if climate goals are met

Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading…

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