Fading supply problems ease downturn in German manufacturing -PMI

BERLIN (Reuters) – Fading supply chain problems helped ease the downturn in Germany’s manufacturing sector in December, although weaker demand continues to weigh on sentiment, a survey showed on Monday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, rose to 47.1 from November’s 46.2. While …

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French manufacturing contraction not as deep as forecast in Dec – final PMI

PARIS (Reuters) – France’s manufacturing sector contracted less than first thought in December, a survey showed on Monday, even though inflationary pressures continued to weigh on the euro zone’s second-biggest economy. S&P Global’s final December purchasing managers index (PMI) came in at 49.2 points, just below the 50 mark that denotes growth in activity. The …

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Japan says it scrambled jets to monitor Chinese aircraft carrier operations

TOKYO (Reuters) -Japan said on Monday it scrambled jet fighters and dispatched aircraft and warships over the past two weeks to keep tabs on China’s Liaoning aircraft carrier and five warships that conducted naval manoeuvres and flight operations in the Pacific. Japan monitored the operations after the Chinese naval group, which included missile destroyers, sailed …

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Airbus interested in minority share in Atos’s Evidian – Les Echos

PARIS (Reuters) -Shares in French IT group Atos rallied on Monday, after newspaper Les Echos reported Airbus had started “exploratory talks” to take a minority share in the firm’s cybersecurity unit, citing unnamed sources. Airbus said in an emailed statement that it would not comment on speculation, adding “we are in constant discussion with our …

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Britain opens nuclear fuel fund with aim to cut reliance on Russia

LONDON (Reuters) – Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications. The fund, announced in July, will award grants to businesses involved in uranium conversion, a key stage in the …

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India’s Supreme Court upholds legality of 2016 demonetisation

By Arpan Chaturvedi NEW DELHI (Reuters) -India’s Supreme Court on Monday upheld the legality of the government decision in 2016 to demonetise 86% of the country’s cash in circulation, saying the decision was taken in consultation with the central bank and followed due process. A five-judge bench of the country’s top court passed the verdict by a majority …

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