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Exclusive: Geely plans to turn London black cab maker into powerhouse

Exclusive: Geely plans to turn London black cab maker into powerhouse

COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a big investment to transform the maker of London’s iconic black cabs into a high-volume all-electric brand with a range of commercial and passenger vehicles, unit leaders told Reuters. London Electric Vehicle Company (LEVC) is also aiming to expand its range of services, which …

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Here's what Twitter lost in ad revenue in the final months of 2022

Here’s what Twitter lost in ad revenue in the final months of 2022

NEW YORK/LONDON, Jan 20 (Reuters) – Top advertisers on Twitter cut spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the top source. of business income. According to Pathmatics estimates, fourteen of the top 30 advertisers on Twitter ceased all advertising on the …

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Oil gains 3% on global economic optimism, despite surprise U.S. crude build

Oil gains 3% on global economic optimism, despite surprise U.S. crude build

China reopens after COVID restrictions, oil demand expected to rise HSBC sees only one U.S. Fed interest rate hike U.S. crude stocks jump in surprise build, biggest since February 2021 Russia sees no problems with oil exports despite sanctions NEW YORK, Jan 11 (Reuters) – Oil prices rose 3% on Wednesday to a week-long high …

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Prince Harry says the British royal family slept with the 'devil' of the tabloid press

Prince Harry says the British royal family slept with the ‘devil’ of the tabloid press

LONDON, Jan 8 (Reuters) – Prince Harry said he had gone public about his differences with the British royal family and attacked the press in an attempt to help the monarchy and change the media, the latter described by his father, King Charles, as a “suicidal mission”. In the first of a series of TV …

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Prince Harry's memoir sheds light on clashes among the British royal family

Prince Harry’s memoir sheds light on clashes among the British royal family

The British prince’s next book will go on sale early in Spain The details of the book spat in anger with his older brother William Harry won’t commit to attending his father’s coronation The royal brothers have had a falling out in recent years LONDON/MADRID, Jan 5 (Reuters) – Britain’s Prince Harry says his older …

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Exclusive: Drugmakers to raise prices for at least 350 drugs in the US in January

Exclusive: Drugmakers to raise prices for at least 350 drugs in the US in January

NEW YORK, Dec 30 (Reuters) – Drugmakers including Pfizer Inc (PFE.N), GlaxoSmithKline PLC (GSK.L), Bristol Myers Squibb (BMY.N), AstraZeneca PLC (AZN.L) and Sanofi SA (SASY.PA) plan to raise U.S. prices on more than 350 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. The increases are expected to …

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Storm cuts oil, gas and power generation in the United States, pushing prices up

Storm cuts oil, gas and power generation in the United States, pushing prices up

Dec 23 (Reuters) – Bitter cold and gusty winds on Friday knocked out power and shut down power generation across the United States, sending heating and electricity prices soaring as people braced for the parties. Winter Storm Elliott brought sub-freezing temperatures and severe weather warnings to about two-thirds of the United States, with cold and …

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Wall Street ends up with help from Nike, FedEx and consumer sentiment

Wall Street ends up with help from Nike, FedEx and consumer sentiment

Consumer confidence rebounds in December Data shows lower home sales in November Nike jumps on strong second-quarter results FedEx soars on cost-cutting plans Indices up: Dow 1.60%, S&P 1.49%, Nasdaq 1.54% Dec 21 (Reuters) – All three major Wall Street stock indexes closed higher on Wednesday for their biggest daily gains so far in December …

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Insurers Avoid FTX-Linked Crypto Firms As Contagion Risk Rises

Insurers Avoid FTX-Linked Crypto Firms As Contagion Risk Rises

Dec 19 (Reuters) – Insurers are denying or limiting coverage for customers exposed to bankrupt crypto exchange FTX, leaving traders and digital currency exchanges uninsured against losses from hacking, theft or lawsuits, said several market participants. Insurers were already reluctant to underwrite asset and directors and officers (D&O) protection policies for crypto companies due to …

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