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Russian prosecutors seek jail terms of nearly six years for three of Navalny’s lawyers

By Mark Trevelyan LONDON (Reuters) – Russian prosecutors have demanded prison terms of nearly six years each for three lawyers who represented Alexei Navalny, an ally of the late opposition leader said on Tuesday. Vadim Kobzev, Igor Sergunin and Alexei Liptser are accused of taking part in an extremist organisation. They were arrested in October …

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Analysis-Italy’s growth bubble bursts to reveal fragile outlook

By Gavin Jones ROME (Reuters) – Italy’s growth rebound from the COVID-19 pandemic is petering out much faster than expected as structural weaknesses resurface, raising risks for the fragile public finances of the euro zone’s third largest economy. After gross domestic product unexpectedly stagnated in the third quarter, national statistics bureau ISTAT said this month …

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Rupee hits record low on widening trade deficit, weakness in local equities

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the U.S. dollar, before closing at 84.8950, down 0.04% …

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Oil dips on demand concerns, focus on Fed meeting

By Paul Carsten LONDON (Reuters) -Oil prices were down on Tuesday as China’s economic data renewed demand concerns, while investors remained cautious ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude futures eased 32 cents to $73.59 a barrel at 0949 GMT, while U.S. West Texas Intermediate crude was down 44 cents at …

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Cricket-Australia frustrated as India avoid follow-on in Gabba test

By Ian Ransom (Reuters) -Jasprit Bumrah and Akash Deep mounted a defiant 10th wicket stand to help India avoid the follow-on on day four of the third test in Brisbane on Tuesday as Australia’s slight hopes of victory were further diminished by an injury to Josh Hazlewood. Opener KL Rahul and recalled all-rounder Ravindra Jadeja …

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Exclusive-Congo files criminal complaints against Apple in Europe over conflict minerals

By Sonia Rolley PARIS (Reuters) – The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain, lawyers for the Congolese government told Reuters. Congo is a major source of tin, tantalum and tungsten, so-called 3T minerals used …

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Lamborghini delays first EV launch to 2029 as market not ready

(This Dec. 16 story has been corrected to fix the timing of Ferrari’s EV launch in paragraph 2) SANT’AGATA BOLOGNESE, Italy (Reuters) – Italy’s Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars which is not ripe for …

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Oil, healthcare stocks knock European shares to two-week lows

By Sruthi Shankar (Reuters) -European shares fell to two-week lows on Tuesday, led by energy and healthcare stocks, as investors awaited a slew of major central bank decisions later in the week. The pan-European STOXX 600 index slipped 0.4% by 0924 GMT, trading at its lowest since Dec. 2. Oil and gas stocks dropped 1.2% …

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UK clears Czech billionaire Daniel Kretinsky to buy Royal Mail

By Paul Sandle and Chandini Monnappa LONDON (Reuters) -Britain on Monday cleared Czech billionaire Daniel Kretinsky’s EP Group to buy Royal Mail in a 3.57 billion pound ($4.5 billion) deal, after securing commitments that the government said would protect one of the world’s oldest postal services. EP Group agreed to acquire Royal Mail parent International …

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Perpetual-KKR deal not best for shareholders after tax bill surge, says board expert

(Reuters) – Australia’s Perpetual said on Tuesday an independent expert has opined the asset manager’s plan to sell the wealth management and corporate trust business to KKR would not serve the best interest of investors after a tax bill blowout. The company’s A$2.2 billion ($1.40 billion) deal with the buyout giant is at risk of …

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