(Reuters) – British retailer Frasers Group said on Friday it has bought shares in premium fashion brands of JD Sports for about 47.5 million pounds ($57.7 million), as the Mike Ashley-owned comp[...]
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December 16, 2022
ECB rate hikes help Russia by damaging EU economy, Italy minister says
By Angelo Amante and Crispian Balmer ROME (Reuters) – The European Central Bank’s interest rate policy is damaging Europe’s economy and helping Russia undermine Western solidarity fo[...]
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U.S. begins buying back oil for strategic petroleum reserve -official
WASHINGTON (Reuters) -The U.S. Energy Department said on Friday it will begin buying back oil for the Strategic Petroleum Reserve, or SPR, the first purchase since this year’s record 180 million[...]
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State Department launches ‘China House’ amid rivalry with Beijing
WASHINGTON (Reuters) – The U.S. State Department on Friday launched its long-planned “China House” unit, an internal reorganization to help expand and sharpen its policymaking toward[...]
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Oil slumps by over $2/bbl as markets bogged by recession fears
By Shariq Khan NEW YORK (Reuters) – Oil fell by more than $2 per barrel on Friday, swept up in a wider rout in global equities on fears of a looming recession, after central banks across Europe[...]
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Swiss national bank nominates Angelo Ranaldo for election to Bank Council
ZURICH (Reuters) – The Swiss National Bank has nominated Angelo Ranaldo for election to the organisation’s Bank Council, it said late on Friday. “With effect from 1 May 2023, Mr Rana[...]
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LVMH to build new workshop making Louis Vuitton bags in Italy
ROME (Reuters) – LVMH, the world’s largest luxury goods group, plans a new factory in Italy producing Louis Vuitton bags and other leather accessories, the Tuscany region said on Friday. T[...]
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EU clears Germany’s plan to take over gas giant Uniper
BRUSSELS/FRANKFURT (Reuters) -The European Commission has approved the acquisition of Uniper SE by the German government, it said on Friday, paving the way for nationalising the gas trading firm which[...]
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Airbus, Qatar trial to be split as A350 jet row rumbles on
By Tim Hepher LONDON (Reuters) -A $2 billion legal battle between Airbus and Qatar Airways looks set to drag through most of 2023 after a UK court split the case, amid a glimmer of hope that high-leve[...]
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