Denmark’s Carlsberg finalises Russian asset sale to local buyer

MOSCOW (Reuters) – Danish brewer Carlsberg has finalised the sale of its assets in Russia to local company VG Invest, Russian company filings showed on Friday, days after Carlsberg said it was selling to two longstanding employees of Baltika Breweries. Reuters reported on Tuesday that the Russian government had approved a 34-billion-rouble ($345.2 million) deal …

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Indonesia’s president has agreed to selective VAT hike, senior lawmaker says

JAKARTA (Reuters) – Indonesian President Prabowo Subianto has agreed to raise value-added tax by one percentage point to 12% next year, but only on luxury goods, Sufmi Dasco Ahmad, deputy speaker of parliament, told reporters on Friday. Starting Jan. 1, 2025, VAT will rise to 12% from 11% currently. There has been public pressure to …

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Bank of England’s Dhingra calls for more interest rate cuts

By David Milliken (Reuters) -The Bank of England needs to cut interest rates further as its policy stance is still very restrictive and is hurting living standards, business investment and potentially longer-term productivity, policymaker Swati Dhingra said on Friday. “A combination of all of those factors – the weak consumption, the weak investment and possible …

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Soccer-‘Won my Premier League trophies fairly’: Mourinho hits back at Guardiola

(Reuters) – Jose Mourinho said the Premier League trophies he won at Chelsea were achieved fairly, responding to Manchester City boss Pep Guardiola’s comments that he had six English top-flight titles while the Portuguese coach only had three. Guardiola, whose team lost 2-0 at Liverpool on Sunday, held up six fingers to home fans to …

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France’s political woes may trigger fresh Europe energy crisis: Maguire

By Gavin Maguire LITTLETON, Colorado (Reuters) -The collapse of France’s government on Wednesday could have far-reaching consequences for Europe’s energy markets and send regional electricity costs soaring. France is by far the largest electricity exporter in Europe, accounting for roughly 60% of net electricity exports so far in 2024, according to energy data service energy-charts.info. …

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Lithuania sees ‘quite high probability’ that Baltic Sea cables were intentionally cut

By Andrius Sytas VILNIUS (Reuters) -Lithuania’s President Gitanas Nauseda said on Friday that there was a quite high probability that the two undersea fibre-optic cables that were damaged last month in the Baltic Sea were cut intentionally. Both cables, one connecting Finland and Germany and the other connecting Sweden and Lithuania, were repaired and are …

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