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FTSE 100 hits 7-week low as inflation climbs, China data weighs

By Sruthi Shankar and Khushi Singh (Reuters) – Britain’s FTSE 100 hit a seven-week low on Wednesday after a stronger-than-expected UK inflation reading and U.S. retail sales data tempered hopes of early interest rate cuts this year, while underwhelming data from China hurt commodity-linked stocks. Extending losses for a third straight session, the blue-chip index …

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Kate, UK’s Princess of Wales, has surgery, Charles in hospital next week

LONDON (Reuters) -Kate, Britain’s Princess of Wales, has undergone successful planned abdominal surgery and will be in hospital for up to two weeks, while King Charles will also undergo treatment for an enlarged prostate, royal officials said on Wednesday. Kate, 42, the wife of heir to the throne Prince William, had been admitted to the …

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UK antitrust body wins appeal over BMW and VW information request

LONDON (Reuters) -Britain’s antitrust regulator can demand information from companies based outside the United Kingdom, the Court of Appeal in London ruled on Wednesday in a case arising from an investigation into BMW and Volkswagen. The German carmakers challenged the Competition and Markets Authority’s (CMA) power to request documents and information as part of an …

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HDFC Bank sparks worst day for India’s Nifty, Sensex since June 2022

By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip indexes posted their worst session in 19 months on Wednesday, led by a slide in top private lender HDFC Bank after its quarterly results. The blue-chip NSE Nifty 50 shed 2.09% to 21,571.95, while the S&P BSE Sensex lost 2.23% to 71,500.76. Both indexes posted their biggest single-day …

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South Korea imposes sanctions linked to North’s weapons development

By Hyonhee Shin SEOUL (Reuters) -South Korea has sanctioned two individuals, three entities and 11 ships linked to North Korea’s nuclear and missile programmes, its foreign ministry said on Wednesday. Faced with drawn-out gridlock at the United Nations, Seoul has turned to slapping sanctions on Pyongyang independently or together with Washington and Tokyo, seeking to …

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Republicans look to New Hampshire after Trump’s landslide Iowa win

By James Oliphant and Gram Slattery ATKINSON, New Hampshire (Reuters) -Donald Trump and his Republican opponents kicked off a week of campaigning in New Hampshire on Tuesday ahead of the state’s nominating contest, with the ex-president’s competitors battling to slow his march to the party’s White House nomination. A day after Iowans gave him an …

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Entrepreneur Ramaswamy drops out of White House race, endorses Trump

By Alexandra Ulmer (Reuters) -Vivek Ramaswamy, a multi-millionaire former biotech executive, ended his White House bid on Monday and endorsed Donald Trump after his longshot bid caught attention but failed to catapult him high enough in the Republican Party’s first nominating contest in Iowa. Ramaswamy, a 38-year-old born in Ohio to immigrant parents from southern …

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