(Reuters) – An arbitration court in Moscow has upheld a 2-billion rouble ($33 million) fine against Google issued by Russia’s federal anti-monopoly service over the company’s decisio[...]
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Politics
Exclusive-China central bank to offer cheap loans to support developers’ bonds-sources
By Julie Zhu and Engen Tham HONG KONG/SHANGHAI (Reuters) -China’s central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct k[...]
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EDF could lose 5 billion euros from France’s windfall tax -Les Echos
PARIS (Reuters) – A planned French windfall tax on energy companies’ profits during Europe’s current energy crisis would likely cost debt-laden nuclear giant EDF around 5 billion eur[...]
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Airbus says reached settlement with French prosecutor on Libya, Kazakhstan bribery probe
PARIS (Reuters) – Airbus has reached a settlement with the French financial prosecutor (PNF) concerning judicial investigations related to Libya and Kazakhstan, an Airbus spokesperson said on Th[...]
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Foxconn apologises for pay-related error at China iPhone plant after worker unrest
By Yimou Lee and Brenda Goh TAIPEI/SHANGHAI (Reuters) – Foxconn said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in Ch[...]
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ECB’s Schnabel pushes back on smaller rate hikes
LONDON (Reuters) – European Central Bank board member Isabel Schnabel pushed back on Thursday against calls from many of her colleagues for smaller interest rate increases by the ECB, saying thi[...]
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Postal Savings Bank of China to provide $39 billion of property sector financing
BEIJING (Reuters) – Postal Savings Bank of China has agreed to provide a total of 280 billion yuan ($39.17 billion) in financing to property companies including Vanke, Longfor and Country Garden[...]
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Deutsche Bank CEO warns of reliance on government aid packages
BERLIN (Reuters) – Deutsche Bank Chief Executive Christian Sewing appealed for caution regarding German government relief packages and said the country should not come to rely on extending aid m[...]
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Philippines to cut tariffs on electric vehicles, parts
MANILA (Reuters) – A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Thursday approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs.[...]
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