Economy

Seven EU countries oppose new EU funding as response to U.S. subsidy plan - letter

  • January 27, 2023 06:00 PM AEDT | Reuters
 Seven EU countries oppose new EU funding as response to U.S. subsidy plan - letter

287 By Jan Strupczewski BRUSSELS, Jan 27 (Reuters) - Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition in the 27-nation bloc, as

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Pakistani rupee plummets as markets adjust to removal of unofficial controls

Pakistani rupee plummets as markets adjust to removal of unofficial controls

  • January 26, 2023 11:15 PM AEDT | Reuters

* Largest single day fall in over two decades: analysts * Pakistan's rupee in free fall after artificial cap removed * The move aims at meeting demands set by IMF * Pakistan desperately needs external

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WRAPUP 7-Russia fires volley of missiles at Ukraine after Kyiv secures tanks

WRAPUP 7-Russia fires volley of missiles at Ukraine after Kyiv secures tanks

  • January 26, 2023 11:14 PM AEDT | Reuters

* Explosions registered in Kyiv and Vinnytsia * Ukraine says all drones and most missiles shot down * Zelenskiy hails tank pledges as 'fist of freedom' * Kremlin says they add to West's 'direct

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US STOCKS-U.S. futures edge higher on upbeat Tesla outlook, GDP data awaited

US STOCKS-U.S. futures edge higher on upbeat Tesla outlook, GDP data awaited

  • January 26, 2023 11:07 PM AEDT | Reuters

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures: Nasdaq up 0.55%, S&P adds 0.16%, Dow slips 0.06% * Q4 GDP, weekly jobless claims, Dec

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Ukraine's central bank keeps main rate unchanged at 25%

Ukraine's central bank keeps main rate unchanged at 25%

  • January 26, 2023 11:04 PM AEDT | Reuters

(Adds quotes, detail) KYIV, Jan 26 (Reuters) - Ukraine's central bank said on Thursday it would keep its main interest rate unchanged at 25% as inflation pressure remained high due to continued

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Ukraine's central bank keeps main rate unchanged at 25%

Ukraine's central bank keeps main rate unchanged at 25%

  • January 26, 2023 11:00 PM AEDT | Reuters

KYIV, Jan 26 (Reuters) - Ukraine's central bank said on Thursday it would keep its main interest rate unchanged at 25% as inflation pressure remained high due to continued Russian missile strikes on

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Holocaust survivor finds refuge from Ukraine war in Poland

Holocaust survivor finds refuge from Ukraine war in Poland

  • January 26, 2023 10:54 PM AEDT | Reuters

KRAKOW, Poland (Reuters) - Iya Rudzitskaya, a 92-year-old Ukrainian Jew, has fled Kyiv twice. First, in 1941, when she was just 10 years old and German bombs started falling on the then Ukrainian

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Elevator-maker Kone to slash 1,000 jobs, sees recovery in Asia

Elevator-maker Kone to slash 1,000 jobs, sees recovery in Asia

  • January 26, 2023 10:46 PM AEDT | Reuters

By Anne Kauranen HELSINKI (Reuters) - Finnish elevator-maker Kone said on Thursday it would slash up to 1,000 jobs globally as it cuts costs and it expects demand to pick up in its main market China

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Turkish cenbank's net FX reserves rise to $26.72 bln

Turkish cenbank's net FX reserves rise to $26.72 bln

  • January 26, 2023 10:45 PM AEDT | Reuters

ISTANBUL, Jan 26 (Reuters) - The Turkish central bank's net international reserves rose some $1.8 billion to $26.72 billion in the week to Jan. 20, data from the bank showed on Thursday. The exchange

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Elevator-maker Kone to slash 1,000 jobs, sees recovery in Asia

Elevator-maker Kone to slash 1,000 jobs, sees recovery in Asia

  • January 26, 2023 10:45 PM AEDT | Reuters

(Adds detail, comments) By Anne Kauranen HELSINKI, Jan 26 (Reuters) - Finnish elevator-maker Kone said on Thursday it would slash up to 1,000 jobs globally as it cuts costs and it expects demand to

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Ex-UBS chairman Weber joins Boston Consulting as adviser

Ex-UBS chairman Weber joins Boston Consulting as adviser

  • January 26, 2023 10:35 PM AEDT | Reuters

ZURICH (Reuters) - Former UBS Chairman Axel Weber has joined Boston Consulting Group as a senior global adviser, Swiss business magazine Bilanz reports in its latest edition due to be published on

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