Putin says his presence at G20 in Brazil would ‘undermine’ work there

MOSCOW (Reuters) – Russian President Vladimir Putin said on Friday his possible attendance at next month’s summit of the Group of 20 leading economies in Brazil would disrupt the important work there, adding that somebody else would represent Moscow there. The International Criminal Court (ICC) in The Hague has issued a warrant for Putin’s arrest …

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Ukraine not considering nuclear arms, top official Yermak says

BRUSSELS (Reuters) – Ukraine is not considering developing nuclear weapons and recent reports on the topic were driven by an incorrect interpretation of remarks by President Volodymyr Zelenskiy, his chief of staff said on Friday. “We have not these thoughts about nuclear, we refuse it,” Andriy Yermak told a think-tank event in Brussels. The reports …

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Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

By Allison Lampert and Mike Stone (Reuters) -Spirit AeroSystems told employees on Friday that it will furlough 700 workers for 21 days as an over one-month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space. The furloughs, first reported by Reuters, will affect Spirit Aero employees working on Boeing’s 767 and …

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AmEx profit beats as expense discipline offsets spending slowdown

By Niket Nishant and Pritam Biswas (Reuters) -American Express reported third-quarter profit above Wall Street estimates on Friday, benefiting from disciplined expense management that helped cushion a blow from softer spending. Affluent customers have allowed the company to maintain relatively smaller provisions for credit losses compared with peers that serve a broader spectrum of customers, …

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Exclusive-Some ECB governors wanted to drop pledge to keep policy tight, sources say

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – Some European Central Bank governors at Thursday’s rate-setting meeting made the case for dropping a pledge to keep policy tight as inflation may now turn out lower than anticipated only a few weeks ago, five sources told Reuters. Their idea did not gain traction but it …

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South African rand firms as focus shifts to inflation print next week

JOHANNESBURG (Reuters) -South Africa’s rand firmed against a weaker dollar on Friday, ahead of a domestic inflation reading next week which could provide clues on the central bank’s rate-cutting path. At 1400 GMT, the rand traded at 17.57 against the dollar, about 0.6% stronger than its previous close. The currency is still down about 1% …

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