Reuters - Squid Business

Exclusive-Egyptian military agency takes over wheat buying from decades-old supply group

By Mohamed Ezz CAIRO (Reuters) – An Egyptian military agency has taken over the country’s import of strategic commodities, a letter seen by Reuters showed, replacing a decades-old state institution to take over international buying tenders and also conduct direct purchases which have in recent weeks shaken the wheat market. As one of the world’s …

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Ukraine’s Zelenskiy heads to Paris with possible Trump talks in mind, sources say

PARIS (Reuters) – Ukraine’s President Volodymyr Zelenskiy will travel to Paris to attend the re-opening of Notre-Dame cathedral on Saturday, and could use the trip to hold talks with U.S. President-elect Donald Trump, two diplomatic sources said. There were efforts to arrange the meeting between Zelenskiy and Trump, who is also attending the celebrations, the …

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EU, Mercosur heave free trade deal over the line but potential obstacles loom large

By Lucinda Elliott, Lisandra Paraguassu and Philip Blenkinsop MONTEVIDEO/BRUSSELS (Reuters) – The European Union and South America’s Mercosur bloc dragged a long-delayed free trade deal over the line on Friday, announcing an agreement – at least in principle – on the pact that has deeply divided nations in Europe. In a press conference in Montevideo, …

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Mexico’s labor reform for app drivers looks poised to pass via fast-track

MEXICO CITY (Reuters) – A Mexican labor reform for drivers and delivery workers using applications like Uber, Didi and Rappi appears to be ready to be pushed through both chambers of the legislature next week. The proposal, sent to legislators by President Claudia Sheinbaum this week, could make its way out of the lower house …

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Yellen warns against weakening financial risk watchdog

By Pete Schroeder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday warned it was “crucial” that a panel charged with monitoring financial risks be able to continue its work as worries grow President-elect Donald Trump’s administration will again weaken the body. Speaking at Friday’s Financial Stability Oversight Council (FSOC) meeting, the last of …

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FTSE 100 logs worst day in over three weeks

(Reuters) -Britain’s FTSE 100 logged its steepest one-day fall in three weeks on Friday, led by losses in precious metals and mining and utilities, while Direct Line jumped after Aviva agreed to buy the insurer, lifting the mid-cap index. The blue-chip FTSE 100 ended down 0.5%, while the midcap FTSE 250 was up 0.3%. Both …

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US judge upholds Naval Academy’s race-conscious admissions policies

By Nate Raymond (Reuters) -A federal judge on Friday ruled that the U.S. Naval Academy may continue to consider race when evaluating candidates to attend the elite military school, even after the U.S. Supreme Court last year barred civilian colleges from employing similar affirmative action policies. U.S. District Judge Richard Bennett in Baltimore rejected arguments …

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Failed offshore auction highlights how Denmark missed winds of change

By Nora Buli and Stine Jacobsen OSLO/COPENHAGEN (Reuters) – Denmark’s failure to attract any bids in an offshore wind power tender this week stems from a rigid auction model, a failure to adapt to a changed economic reality for renewable energy projects and rising competition, analysts said on Friday. The outcome was a blow to …

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Exclusive-BP seeks buyers for US natural gas pipeline system stake, sources say

By Sarah McFarlane, David French and Ron Bousso LONDON/NEW YORK (Reuters) – BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said. The British energy company could raise up to $3 billion from the sale, two of the people said, with one of …

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Apple plans three-year modem rollout to compete with Qualcomm, Bloomberg News reports

(Reuters) – Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm, Bloomberg News reported on Friday. The iPhone maker is looking to ultimately overtake Qualcomm’s technology by 2027, the report said, citing people familiar with the matter. Qualcomm, a leading designer of …

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