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Europe

Explainer-What is the ‘Bridgetown Initiative’ asking for at Paris summit?

BY Reuters  • June 22, 2023June 22, 2023
PARIS (Reuters) – President Macron hosts a summit in Paris starting Thursday to discuss reform of the world’s multilateral finance institutions in the face of climate change and other deve[...]
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Business Economy Environment Europe Politics Top News Updated US

Renault Korea to manufacture EVs in city of Busan: city government

BY Reuters  • June 22, 2023June 22, 2023
SEOUL (Reuters) – Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to manufacture electric vehicles (EVs), the Busan city government said. The au[...]
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Asia Business Europe

World Bank should add disaster clauses to debt agreements- Yellen

BY Reuters  • June 22, 2023June 22, 2023
PARIS (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the World Bank should add disaster clauses to debt agreements with poorer countries, speaking ahead of a summit in Paris that wil[...]
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Africa Business Economy Europe Politics Updated US

Factbox-Companies invest in EV battery factories in Europe

BY Reuters  • June 22, 2023June 22, 2023
(Reuters) – Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc – home to carmakers such as Volkswagen and Stellantis – tries[...]
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Business Economy Europe Technology Updated

Cash-strapped Casino to sell participation in Brazil’s Assai

BY Reuters  • June 22, 2023June 22, 2023
PARIS (Reuters) – Heavily indebted French supermarket chain Casino on Thursday announced it would sell its residual equity stake in Brazilian retailer Assai, representing around 12% of the compa[...]
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Business Canada Economy Europe Latin America

Marketmind: How high will BoE go?

BY Reuters  • June 22, 2023June 22, 2023
A look at the day ahead in European and global markets from Ankur Banerjee The stage is set for the Bank of England on a central bank- heavy day in Europe, with a hike all but certain and the only dou[...]
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Business Economy Europe UK

Telecom Italia sounds out buyers for stake in enterprise unit -Bloomberg News

BY Reuters  • June 22, 2023June 22, 2023
(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at more than 6 billion euros ($6.6 billion), Bloomberg News reported on T[...]
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Business Economy Europe Technology

Oil rallies as grain markets tighten, dollar falls on Fed Chair comments

BY Reuters  • June 21, 2023June 21, 2023
By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the gl[...]
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Asia Business Economy Europe Middle East UK Updated US

Rivian acquires route planning app maker Iternio – CEO

BY Reuters  • June 21, 2023June 21, 2023
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian has acquired Swedish EV route planning app maker Iternio to add its technology to its electric pickups and sport utility vehicles[...]
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Business Europe Technology Updated US
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