Category: FX Empire

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British stocks slide ahead of naming of new PM

British stocks slide ahead of naming of new PM

British stocks slide ahead of naming of new PM (Reuters) – UK’s main stock indexes fell on Monday as investors were on the edge ahead of the announcement of the country’s new prime minister at a time when Britain faces a cost of living crisis, industrial unrest and a recession.

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Japan ministries make second-biggest amount of budget requests ever

Japan ministries make second-biggest amount of budget requests ever

Japan ministries make second-biggest amount of budget requests ever TOKYO (Reuters) – Japan’s annual budget requests for the next fiscal year hit $784 billion as an expected increase in military outlays added to already rising debt-servicing and welfare costs, the Ministry of Finance said on Monday, underscoring the country’s worsening fiscal health.

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California temperatures soar to new records, adding strain to power grid

California temperatures soar to new records, adding strain to power grid

California temperatures soar to new records, adding strain to power grid (Reuters) – Record high temperatures were expected in California’s Central Valley from Sacramento to outside of Los Angeles on Sunday, with officials warning that the dangerous heat wave could afflict the state through the end of the week and test the limits of the...

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EU gas price rockets higher after Russia halts Nord Stream flows

EU gas price rockets higher after Russia halts Nord Stream flows

EU gas price rockets higher after Russia halts Nord Stream flows By Susanna Twidale LONDON (Reuters) – European gas buyers already grappling with record-high prices face further pain when the markets open on Monday after Russia said one of its main supply pipelines to Europe would remain shut indefinitely, sparking fears over energy rationing.

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Swiss economy grows 0.3% in Q2 as services shine

Swiss economy grows 0.3% in Q2 as services shine

Swiss economy grows 0.3% in Q2 as services shine ZURICH (Reuters) – The Swiss economy grew a real 0.3% in the second quarter versus the first three months thanks to the services sector’s continued recovery from pandemic restrictions and robust consumer spending, data showed on Monday.

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