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Russia says Ukraine used Storm Shadow missiles from Britain to attack Luhansk

MOSCOW (Reuters) – Russia’s Defence Ministry said on Saturday that Ukrainian aircraft had struck two industrial sites in the Russian-held city of Luhansk in eastern Ukraine with Storm Shadow long-range cruise missiles supplied by Britain. Reuters could not verify the battlefield reports. Britain on Thursday became the first country to say it had started supplying …

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Second unit at Belarus nuclear power station connected to power grid

(Reuters) – The second of two units at Belarus’ only nuclear power station has been plugged into country’s power grid, the energy ministry said on Saturday, as it works to utilise the full capacity of the plant. The facility near the city of Astravets in the western Hrodno region was built by Russian state-owned firm …

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Pernod Ricard to cease operations in Russia

(This May 12 story has been corrected to remove references to ‘premium’ and ‘local brands’ in paragraphs 1 and 2) PARIS (Reuters) – French spirits group Pernod Ricard said on Friday it stopped exports of all its international brands to Russia at the end of April and also plans to end the distribution of its …

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UK’s Hunt says ‘absolutely devastating’ if US failed to raise debt ceiling

By Andrea Shalal NIIGATA, Japan (Reuters) – British finance minister Jeremy Hunt said on Saturday it would be “absolutely devastating” if the United States failed to reach agreement to raise its debt ceiling and had its gross domestic product “knocked off track”. Hunt told reporters that Group of Seven (G7) finance chiefs in Japan had …

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Spain seizes Brazilian fishing boat with cocaine haul on rough seas

LAS PALMAS (Reuters) – Spanish authorities have seized a Brazilian-flagged fishing boat off the Canary Islands with 1.5 tonnes of cocaine in a hidden compartment in its machine room, police said on Friday as they brought the boat to the port of Las Palmas. Authorities shared a video of the 25-metre (82.02 ft) Efesios 5-20 …

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Pro-war nationalists say they are entering Russian politics to counter turmoil

By Guy Faulconbridge MOSCOW (Reuters) – Pro-war Russian nationalists led by Igor Girkin said on Friday that a new group they had set up was entering politics to save Russia, which they warned was in danger of turmoil or even collapse due to military failures in the Ukraine war. Nearly 15 months since President Vladimir …

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Europe set for two new gigafactories as it lures battery makers

By Supantha Mukherjee and Victoria Waldersee STOCKHOLM/BERLIN (Reuters) – Two electric vehicle battery makers plan to spend around 10 billion euros ($11 billion) on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects in a bid to win the subsidy race with the U.S. Both plants will …

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France lands battery gigafactory with sweeteners, zero-carbon power

By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas car battery plant thanks to lobbying from President Emmanuel Macron, deal sweeteners and competitive power prices, executives from the Taiwanese company said. After narrowing a list of countries from 13 to three, ProLogium said it …

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Richemont sales boosted by China bounceback, shares hit record

By Andrey Sychev and Tristan Chabba (Reuters) -Luxury goods group Richemont beat expectations on Friday after high demand from Chinese consumers for jewellery and watches boosted sales over the three months to March 31, sending shares to record highs. Sales at the owner of brands such as Cartier and Van Cleef & Arpels grew 22% …

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Swathes of UK households yet to face mortgage cost surge: think tank

By Suban Abdulla LONDON (Reuters) – Some 1.6 million British households are yet to face a 2,300 pound surge ($2,903) on average when their fixed-rate mortgages roll over this year and next, a report from the REsolution Foundation showed on Saturday. The think tank, which focuses on living standards, said only around half of the …

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