UK economy shrank record 11% in 2020, worst since 1709
LONDON (Reuters) – Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COV..
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Shares slip, dollar dominates as recession looms
By Lawrence White LONDON (Reuters) – European shares slumped to month-long lows, oil prices fell and the dollar surged on Monday..
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HSBC ups price targets on Greek banks, with Eurobank, Piraeus top picks
ATHENS (Reuters) – HSBC raised its price targets on shares of Greece’s four largest lenders after they posted strong perfo..
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German recession increasingly likely, Bundesbank says
FRANKFURT (Reuters) – A recession in Germany, the euro zone’s biggest economy, is increasingly likely and inflation will c..
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From chasing deals to turning off screens: Cineworld on the brink
(Reuters) – Britain’s Cineworld said on Monday it was considering options including a possible bankruptcy filing in the Un..
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UK inflation to hit 18% in early 2023, Citi forecasts
By William Schomberg LONDON (Reuters) – British consumer price inflation is set to peak at 18% – nine times the Bank of En..
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French retailer Carrefour to freeze prices on 100 products to tackle inflation
PARIS (Reuters) -French supermarket retailer Carrefour is freezing prices on 100 everyday products from tinned sardines to rice and wa..
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Orban tightens hold over telco sector as Vodafone sells Hungarian unit
LONDON/BUDAPEST (Reuters) – Britain’s Vodafone will sell its Hungarian business for 715 billion forints ($1.8 billion) in ..
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China steps up easing, cuts lending benchmarks to revive faltering economy
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) -China cut its benchmark lending rate and lowered the mortgage reference by a bigger m..
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Analysis-Meagre medicine cabinet leaves Sanofi unloved
By Ludwig Burger FRANKFURT (Reuters) – Sanofi’s recent stock rout underscores the pressure on the French drug maker to red..
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