Reuters UK/EU - Squid Business

Moldova’s Sandu decries vote meddling after slim majority backs EU accession

By Tom Balmforth and Alexander Tanas CHISINAU (Reuters) -A slim majority of 50.39% voted “yes” in Moldova’s crunch referendum on European Union accession, preliminary results showed, after President Maia Sandu said that Sunday’s twin votes had been marred by “unprecedented” outside interference. The knife-edge finish – with fewer than 1% of ballots still to be …

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China’s booming grey markets add woes to luxury brands

By Casey Hall SHANGHAI (Reuters) – China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for cheaper ways to buy them, deepening concerns for the likes of LVMH. LVMH, the world’s biggest luxury group, reported a 3% fall …

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Sterling dips as US dollar rides economy higher

LONDON (Reuters) – The pound fell on Monday as investors focused on the relative strength of the U.S. economy, pushing up the dollar. Sterling was last down 0.2% at $1.3023, just above Thursday’s two-month low of $1.2975. The euro was up 0.1% at 83.35 pence, although it remained near its lowest level in 2-1/2 years …

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Repsol freezes green hydrogen projects in Spain

MADRID (Reuters) – Spanish oil major Repsol has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350 megawatts (MW) due to an unfavourable regulatory environment, a spokesperson told Reuters on Monday. The company had already warned that regulatory uncertainty, including the possibility that a windfall tax on energy companies …

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Italy to present state-backed newco to produce nuclear reactors before year-end

MILAN (Reuters) – Italy’s government will present a state-backed company that will build advanced nuclear reactors in the country before the end of the year, the industry minister said on Monday. “By the end of the year, we will present an industrial entity that is capable of building next-generation nuclear reactors in our country and …

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Irish PM confirms election will be held this year

DUBLIN (Reuters) – Ireland will have a general election this year with the polling date to be decided once the government passes some final pieces of legislation, Prime Minister Simon Harris said on Monday. Harris has until March to go to the polls but analysts have for weeks seen November as the most likely date, …

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Gulen, the powerful cleric accused of orchestrating a Turkish coup, dies

By Daren Butler ISTANBUL (Reuters) -The U.S.-based cleric Fethullah Gulen, who built a powerful Islamic movement in Turkey and beyond but spent his later years mired in accusations of orchestrating an attempted coup against Turkish leader Tayyip Erdogan, has died. He was 83. Herkul, a website which publishes Gulen’s sermons, said on its X account …

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Norwegian bank DNB to buy Sweden’s Carnegie for $1.14 billion

STOCKHOLM (Reuters) -Norway’s largest bank DNB has agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority owners for around 12 billion Swedish crowns ($1.14 billion), it said on Monday. The acquisition is set to enhance DNB’s presence in the Nordic region and increase its fee-based income, Chief …

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London’s FTSE 100 flat; speeches from BoE officials in focus

By Pranav Kashyap (Reuters) – Britain’s benchmark index was largely flat on Monday as gains in commodity-linked stocks were offset by losses in utilities, while investors await insights from Bank of England (BoE) officials this week. The blue-chip FTSE 100 held its ground at 8,355.90 points by 1010 GMT, while the domestically-focussed FTSE 250 index …

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Germany inaugurates Baltic Sea naval HQ amid rising tensions with Moscow

BERLIN (Reuters) – Germany inaugurated on Monday a new multinational naval headquarters for the Baltic Sea capable of leading operations for NATO during a conflict, as the military alliance increases focus on the area amid rising tensions with Russia. “Our message to our partners and to those who threaten our peace is simple: Germany stands …

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