Italy to present state-backed newco to produce nuclear reactors before year-end

MILAN (Reuters) – Italy’s government will present a state-backed company that will build advanced nuclear reactors in the country before the end of the year, the industry minister said on Monday. “By the end of the year, we will present an industrial entity that is capable of building next-generation nuclear reactors in our country and …

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China central bank conducts first operations under swap facility to bolster stock market

SHANGHAI (Reuters) -China’s central bank conducted its first operations on Monday under a swap facility designed to bolster the stock market, exchanging assets worth 50 billion yuan ($7 billion) with brokerages, fund companies and insurers. The People’s Bank of China (PBOC) said 20 institutions participated in the swap operations with a fee rate of 20 …

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Exclusive-Qatar LNG sales to key Asian markets confronted by US, UAE rivalry

By Andrew Mills, Marwa Rashad, Emily Chow and Yuka Obayashi (Reuters) – Qatar is finding it hard to agree new deals to supply liquefied natural gas (LNG) to Japan and South Korea as rising competition from the U.S. and elsewhere with more flexible contract terms challenges Doha’s decades-old dominance of the market. Qatar was once …

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Gulen, the powerful cleric accused of orchestrating a Turkish coup, dies

By Daren Butler ISTANBUL (Reuters) -The U.S.-based cleric Fethullah Gulen, who built a powerful Islamic movement in Turkey and beyond but spent his later years mired in accusations of orchestrating an attempted coup against Turkish leader Tayyip Erdogan, has died. He was 83. Herkul, a website which publishes Gulen’s sermons, said on its X account …

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Norwegian bank DNB to buy Sweden’s Carnegie for $1.14 billion

STOCKHOLM (Reuters) -Norway’s largest bank DNB has agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority owners for around 12 billion Swedish crowns ($1.14 billion), it said on Monday. The acquisition is set to enhance DNB’s presence in the Nordic region and increase its fee-based income, Chief …

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Musk to face questions on Tesla’s robotaxi bets on results day

By Akash Sriram and Abhirup Roy (Reuters) – Tesla’s investors and analysts will get a chance to grill CEO Elon Musk on his robotaxi plans on Wednesday when the electric automaker reports its quarterly results, after a much-hyped unveil this month that lacked key details and slammed shares. Musk’s roughly 20-minute introduction to the self-driving …

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