(Reuters) – Facebook owner Meta Inc is preparing to announce whether it will allow former U.S. President Donald Trump back on to Facebook and Instagram, the Financial Times reported on Sunday. T[...]
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Business
China’s BYD raises car prices after subsidy cuts
SHANGHAI (Reuters) – Leading Chinese electric car manufacturer BYD Co has adjusted its product prices starting from Jan. 1, citing the impact of reduced subsidies for new energy vehicles since N[...]
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China home prices fall at faster pace in December – private survey
BEIJING(Reuters) – China’s home prices fell at a faster pace in December, according to a private survey on Sunday, reflecting persistently weak demand amid rising COVID-19 cases despite a[...]
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JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein accusers
By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase & Co and Deutsche Bank AG asked a U.S. judge to dismiss lawsuits by women who accused Jeffrey Epstein of sexual abuse, and said the banks ena[...]
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Zenseact becomes fully owned subsidiary of Volvo Cars
(Reuters) -Sweden-based Volvo Car AB said on Saturday it had taken 100% ownership of its autonomous driving (AD) software development subsidiary Zenseact. Volvo Cars acquired 13.5% of shares in Zensea[...]
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Chinese manufacturing contracts sharply as COVID infections soar
BEIJING (Reuters) -China’s factory activity shrank at the sharpest pace since the pandemic first emerged nearly three years ago, after Beijing’s abrupt reversal of counter-epidemic measure[...]
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Taiwan to plough $12 billion in excess tax revenue back into economy in 2023
TAIPEI (Reuters) – Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global economic shocks, including subsi[...]
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ECB must stop quick wage growth from fuelling inflation, Lagarde says
FRANKFURT (Reuters) – Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Laga[...]
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Bulgaria expects fiscal deficit of 1% of GDP for 2022
SOFIA (Reuters) – Bulgaria expects to end 2022 with a fiscal deficit of 1.5 billion levs ($821.11 million), equal to 1.0% of economic output, outperforming a revised target of 3.4%, the finance[...]
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