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JPMorgan-backed Smart Pension to raise more than 100 million stg in equity -sources

By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Smart Pension, a British pension services provider backed by JPMorgan and Legal & General, is in discussions with investors to raise more than 100 million pounds ($123.13 million) worth of equity capital, two sources close to the matter told Reuters. The company has hired U.S. …

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UK must review decision to block UK-France power cable project – court ruling

By Sam Tobin LONDON (Reuters) -Britain must review its refusal to grant development consent for a high-voltage undersea power cable project linking Britain and France, London’s High Court ruled on Tuesday. Investment firm Aquind, which says its undersea cable linking England and Normandy would be able to transmit 16,000,000 MWh of electricity each year, took …

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With music and gifts, Philippines welcomes back Chinese tourists

MANILA (Reuters) – Filipinos in traditional attire on Tuesday played bamboo marimbas and handed out necklaces and gifts to their first Chinese visitors since before the pandemic, seeking to lure back tourists after China’s scrapping of its COVID-19 curbs. Chinese travellers no longer need to quarantine on return home and holiday bookings have surged from …

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In China’s tourist hotspot Sanya, small vendors rue lukewarm recovery

By Alessandro Diviggiano SANYA, China (Reuters) -Sophia Ong, owner of a small eatery in China’s tourist beach hotspot Sanya, thought she would be ideally placed to reap the benefits of the country scapping its zero-COVID policy in December last year. After almost three years of intermittent lockdowns and financial turmoil, Ong, who also owned a …

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Twelve rescued after building collapses in India; more feared trapped

By Saurabh Sharma LUCKNOW, India (Reuters) -Rescue workers pulled 12 people, including two children, out of the rubble after a residential apartment block collapsed in the northern Indian city of Lucknow, but more were feared trapped inside, a local police official said on Tuesday. At least 12 more people were feared trapped, the official said, …

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New York pension seek stricter climate emissions rules from bank portfolios

By Ross Kerber (Reuters) – Shareholder resolutions filed by New York City’s top pension official will ask top Wall Street banks including JPMorgan Chase & Co and Bank of America to set stricter 2030 greenhouse gas emissions reduction targets for portfolio companies. If the advisory proposals come to a vote at bank shareholder meetings this …

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Indian university reports power cut ahead of Modi documentary screening

NEW DELHI (Reuters) -A top Indian university cut off power and internet supply on campus on Tuesday before a screening by its students’ union of a BBC documentary on Prime Minister Narendra Modi that India has dismissed as propaganda, broadcaster NDTV reported. The Jawaharlal Nehru University (JNU) in the capital New Delhi had threatened disciplinary …

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Japan whaling firm pins hopes on vending machines to revive sales

By Chris Gallagher YOKOHAMA (Reuters) – A Japanese whaling firm unveiled vending machines offering whale sashimi, whale steak and whale bacon in Yokohama on Tuesday in hopes of reviving sales of a food long in decline and shunned by many supermarkets. Wearing a whale-shaped hat, Kyodo Senpaku President Hideki Tokoro greeted prospective customers at the …

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