By Abhirup Roy and Shilpa Jamkhandikar MUMBAI (Reuters) – Ingka Group, the owner of most IKEA furniture stores, is planning additional price cuts as some input costs ease, its retail manager tol[...]
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Europe
Exclusive-U.S. weighs sending 100-mile strike weapon to Ukraine -sources
By Mike Stone WASHINGTON (Reuters) – The Pentagon is considering a Boeing proposal to supply Ukraine with cheap, small precision bombs fitted onto abundantly available rockets, allowing Kyiv to[...]
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ECB’s Lagarde says we haven’t reached inflation peak
FRANKFURT (Reuters) – Euro zone inflation has not peaked and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said on Mond[...]
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Factbox-Big banks see global economy slowing more in 2023, with likely U.S. recession
(Reuters) -The world’s largest investment banks expect global economic growth to slow further in 2023 following a year roiled by the Ukraine conflict and soaring inflation, which triggered one o[...]
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Spanish banks mull legal challenge to bank tax proposal
By Jesús Aguado MADRID (Reuters) -Spanish banks Bankinter and Caixabank are considering challenging the government’s new banking tax proposal in court, executives from the lenders said on Monday[...]
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Rolls-Royce successfully tests hydrogen-powered jet engine
LONDON (Reuters) – Britain’s Rolls-Royce said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be key to[...]
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Lavazza agrees to buy France’s Maxicoffee
MILAN (Reuters) – Italian coffee maker Lavazza said on Monday it had made a binding offer to acquire French coffee seller MaxiCoffee to strengthen its position in France and in e-commerce.[...]
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Philip Morris to de-list Swedish Match after raising stake to 93%
By Marie Mannes STOCKHOLM (Reuters) -Philip Morris International (PMI) said on Monday it now owned a big enough stake in Swedish Match to initiate a compulsory redemption of remaining shares in its Sw[...]
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Barclays CEO Venkat to undergo cancer treatment, prognosis ‘excellent’
By Lawrence White LONDON (Reuters) -Barclays PLC said on Monday that Chief Executive C.S. Venkatakrishnan would undergo treatment for non-Hodgkin lymphoma, a type of cancer, adding that the condition[...]
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