By Huw Jones LONDON (Reuters) – Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties[...]
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Europe
Britain’s Entain to buy U.S.-based Angstrom Sports for $160 million
(Reuters) – Ladbrokes-owner Entain on Monday agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million) as it looks to widen its footprint in the country. The acquisiti[...]
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Fashion retailer H&M to launch in Brazil
COPENHAGEN (Reuters) -Fashion retailer H&M will launch stores and online trade in Brazil in 2025, the company said on Monday. H&M opened its first store in Latin America in Mexico in 2012, and[...]
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Analysis-For markets, BoE communication is bottom of the class
By Yoruk Bahceli (Reuters) – As markets navigate a likely end to the steepest interest rate rises in decades, investors say the Bank of England has been less consistent in its messaging than oth[...]
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Marketmind: Bland China data leaves market hungry for stimulus
A look at the day ahead in European and global markets from Wayne Cole It could have been worse, is about the best that can be said of China’s data dump today. The Q2 GDP number of +0.8% q/q jus[...]
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China’s Xiaomi bets bigger on India retail stores amid Samsung rivalry
By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company see[...]
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Moscow takes control of Russian subsidiary of Danone and Carlsberg’s stake in brewer
MOSCOW (Reuters) -The Russian state has taken control of French yoghurt maker Danone’s Russian subsidiary along with beer company Carlsberg’s stake in a local brewer, according to a decree[...]
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Microsoft signs agreement to keep Call of Duty on Playstation
(Reuters) -Microsoft has signed an agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard, Microsoft Gaming CEO Phil Spencer said in a tweet on Sunday. A deal t[...]
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UBS to retain EY as auditor after Credit Suisse takeover, Financial Times reports
(Reuters) – UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts from 2024, the Financial Times reported on Sunday, citing peo[...]
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