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UK’s teachers and civil servants join biggest strikes in years on ‘Walkout Wednesday’

Up to 500,000 people expected to join UK strikes Government says big pay rises will fuel inflation Schools will close, most trains will not run More strikes involving health workers due next week LONDON, Feb 1 (Reuters) – Up to half a million British teachers, civil servants, train drivers and university lecturers walked out over …

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China’s 2022 smartphone sales plunge to lowest level in a decade

SHANGHAI, Jan 30 (Reuters) – China’s smartphone sales endured a record fall in 2022, tumbling 13% to their lowest level in a decade as COVID controls and a slowing economy sapped consumer appetite, data from third-party research firms showed. The total number of devices shipped was 286 million, down from 329 million in 2022. It …

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Adani hits back at Hindenburg, says it made all disclosures

Adani issues 413-page rebuttal to Hindenburg report US short-seller’s report sparked falls in Adani shares Adani says comply with laws, necessary disclosures Adani CFO confident $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 …

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Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Jan 20 (Reuters) – Google’s parent Alphabet Inc (GOOGL.O) is cutting about 12,000 jobs as it faces “a different economic reality”, it said in a staff memo, doubling down on artificial intelligence (AI) and axing staff who support experimental projects. The job cuts affect 6% of its workforce, and follows thousands of layoffs at tech …

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Exclusive: ECB union says staff losing faith in leadership over inflation, pay

40% of ECB staff has low or no trust Two-thirds say confidence is damaged 63% worried about ECB’s ability to protect purchasing power FRANKFURT, Jan 17 (Reuters) – European Central Bank staff are losing confidence in the institution’s leadership following the ECB’s failure to control inflation and a pay award that lagged the leap in …

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Tesla reports record quarterly deliveries but misses estimates

Rare for Tesla to deliver less than it produces Tesla stock in 2022 had its worst year since going public Jan 2 (Reuters) – Tesla Inc (TSLA.O) on Monday reported record production and deliveries for fourth-quarter electric vehicles, but it missed Wall Street estimates, burdened by logistics problems, slowing demand, rising interest rates and fears …

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Coal, gas lead 2022 commodities rally; recession clouds new year

Russia-Ukraine war propelled coal, gas prices in 2022 Further gains seen on strong energy demand, tight supplies Markets eye China reopening, but recession could cap gains Renewed concerns over food inflation to support grains, oilseeds http://tmsnrt.rs/2yaDPgn SINGAPORE, Dec 30 (Reuters) – Coal and natural gas markets were poised on Friday to end 2022 with strong …

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China’s Huawei sees ‘business as usual’ as US sanctions impact wanes

SHANGHAI, Dec 30 (Reuters) – Chinese tech giant Huawei Technologies Co Ltd (HWT.UL) estimated on Friday its 2022 revenue remained flat, suggesting that its sales decline due to US sanctions had come to a halt. Despite sales increasing a mere 0.02%, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s …

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Putin bans Russian oil exports to countries that implement price cap

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Dec 27 (Reuters) – President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months …

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European shares gain on China recovery optimism

Luxury stocks, commodities pop as China eases COVID curbs Leonteq briefs after 2022 profit expectations cut German businesses expect only mild recession as disruptions ease STOXX 600 up 0.4% Dec 27 (Reuters) – European shares climbed on Tuesday, tracking a global rally in equities after China further relaxed its COVID-19 curbs, raising hopes of a …

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