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Geely Auto earnings squeezed by Covid lockdowns and chip shortage
Chinese carmaker Geely Auto said its profits had more than halved as a semiconductor shortage and Covid-19 restrictions hit demand for vehicles and disrupted production. Pre-tax profits dropped 55 per…
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Gaming group Embracer expands despite market downturn
Prolific gaming dealmaker Embracer Group defied a wider downturn in the sector as it announced six new acquisitions and posted a rise in first-quarter sales and profits despite a scarcity…
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China boosts coal usage as extreme heat triggers power shortages
China will offer assistance to coal plants to maintain electricity supplies as demand for the fuel surges in the wake of extreme heat and droughts in the south-west of the…
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Missteps at Missfresh | Financial Times
Federal Reserve officials discussed the need to keep interest rates at levels that restrict the economy “for some time” in a bid to contain inflation, Short-term UK borrowing costs surged…
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Britons expected to extend ‘pandemic trend’ of drinking more at home
Britons struggling to keep up with the rising cost of living are unlikely to abstain from a glass of wine on the couch in the evening, according to the head…
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Adyen shares slide as fintech group misses estimates
Dutch payments group Adyen failed to meet first-half estimates as it reported a 60 per cent increase in the volume of transactions, which it said was driven by travel resuming…
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It’s time for Europe to ask Norway to cut the price of gas
In the gas crisis there has been one bright spot. Norway — democratic, friendly, reliable Norway — has stepped up to help keep the lights on in Europe, maximising production…
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Stocks slip after Fed minutes point to prolonged inflation fight
Asian and European stocks fell on Thursday morning, after minutes from the last US Federal Reserve meeting indicated the central bank would prioritise fighting inflation ahead of economic growth for…
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Fearless Woman: Take people as they are
Anne-Sophie Eveno, principal at River and Mercantile Infrastructure, talks technical detail, changing company cultures and enjoying life. ESG Clarity and DiversityQ are delighted to support the campaign celebrating 50 years of women investing in the…
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Goldman Sachs: D-Sol’s remix sounds a lot like the original
One thing to start: Billionaire Jim Ratcliffe has declared his interest in buying English football club Manchester United if its controlling owners, the Glazers, are open to a sale. Welcome…
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