China petrol price surge exacerbates energy crisis
China’s efforts to ease an energy crunch by stabilising volatile coal prices have been complicated by a surge in wholesale petrol and diesel costs, forcing...
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Rising demand for loans pushes UniCredit profits up 55%
UniCredit reported a 55 per cent rise in profits compared with a year earlier, as the Italian bank set out its first quarterly results after...
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Semiconductor crisis wipes €500m off Volkswagen profits
The semiconductor crisis wiped almost €500m off Volkswagen’s pre-tax profits in the last quarter, as the German group struggled to produce enough cars to meet...
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Brazil reveals biggest interest rate rise in almost 20 years
Brazil’s central bank has announced its biggest interest rate rise since 2002, ratcheting up a fight against inflation that is in the double digits as...
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Latest Erdogan spat leaves ‘bitter aftertaste’ in US-Turkey relations
Ankara is seeking to play down the damage caused by Recep Tayyip Erdogan’s threat to expel 10 ambassadors, despite a carefully choreographed climbdown that averted...
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COP26: India’s coal habit proves hard to kick despite pressure to set climate targets
The bone-rattling roars of nearby explosions rip through the air, shaking the ground and sending cracks up the walls of Dhan Kunwar’s brick-and-mud house. A...
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Samsung reports highest profits in 3 years on surging chip demand
Samsung Electronics reported its highest quarterly profits in three years and said the global chip crunch would continue into next year, but the results failed...
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Businesses rally behind global carbon pricing strategy
Global business groups have banded together to push for an international carbon price strategy, calling on governments at the COP26 climate summit to agree on...
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Will record $200m payout tempt a new army of Wall St whistleblowers?
US banks should be braced for a wave of whistleblower complaints after a record $200m award offered a reminder that regulators can pay to expose...
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Johnson & Johnson’s ‘Texas-two-step’ puts spotlight on US bankruptcy regime
When cancer patient Shawn “Val” Johnson won a $27m personal injury award against Johnson & Johnson this month he was relieved that his family would...
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My two-year, 26-country journey to the frontlines of the climate battle
It was a climate summit that made Mohamed Nasheed a star. Ahead of the UN’s annual COP conference in Copenhagen in 2009, the president of...
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NFL faces public backlash and unresolved media deals at league’s 2021 fall meetings
NFL Commissioner Roger Goodell during the NFL Football match between the Miami Dolphins and Indianapolis Colts on October 3rd, 2021 at Hard Rock Stadium in...