UK’s Land Securities acquires 92% stake in Liverpool ONE for $622 million

(Reuters) – British commercial property firm Land Securities (Landsec) on Tuesday said it acquired a 92% stake in shopping centre Liverpool ONE for 490 million pounds ($622.1 million), betting on retailers’ focus on “bigger and better” stores. “The top 1% of the UK’s shopping destinations provide brands with access to 30% of all in-store retail …

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Russian general killed in Ukrainian ‘special operation’, Kyiv source says

(Reuters) -The Security Service of Ukraine (SBU) killed Russian Lieutenant General Igor Kirillov in a special operation in Moscow on Tuesday, a source in the agency told Reuters. Reuters could not independently verify the claim. The source said Kyiv regarded Kirillov as a war criminal and an “absolutely legitimate target”, accusing him of ordering the …

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Ecuador completes $1.5 billion debt swap for Amazon conservation

By Virginia Furness LONDON (Reuters) – Ecuador has completed its second debt-for-nature swap, this time unlocking $460 million to protect and manage the forests and wetlands of its Amazon rainforest, NGO The Nature Conservancy said on Tuesday. By buying-back over $1.5 billion of its discounted existing bonds with cheaper new money, Ecuador will realise almost …

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Oil washes up on Russia’s Black Sea coast after tankers damaged, governor says

MOSCOW (Reuters) – Spilled oil has washed up along “tens of kilometres” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a local governor said on Tuesday. Veniamin Kondratyev, the governor of Russia’s southern Krasnodar region, said on his Telegram channel that fuel oil had been …

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ECB’s Rehn says speed, scale of rate cuts to be decided at each meeting

HELSINKI (Reuters) – Finnish ECB policymaker Olli Rehn said on Tuesday that euro area inflation is more clearly stabilising at the European Central Bank’s 2% target, and that this helps set the stage for further interest rate reduction. “The direction of our monetary policy is now clear,” ECB Governing Council member Rehn said in a …

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Alibaba to sell China department store chain Intime for $1.3 billion loss

By Casey Hall, Roushni Nair and Rishav Chatterjee (Reuters) -Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the retail giant reshuffles its business portfolio to focus on its core e-commerce operation. The sale marks a further acceleration of Alibaba’s …

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China ready to enhance mutual trust with India at border talks, foreign ministry says

BEIJING (Reuters) – China is ready to work with India to enhance mutual trust through dialogue and communication, and manage differences with sincerity and integrity, the foreign ministry said on Tuesday. Lin Jian, a ministry spokesperson, made the remarks when asked about the upcoming talks between Chinese Foreign Minister Wang Yi and Indian National Security …

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