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LONDON (Reuters) -Britain on Wednesday extended a package of tariffs and quotas on five steel products by two years to shield local steelmakers, acknowledging it would breach international trade rules but saying it was needed for the national interest. Trade minister Anne-Marie Trevelyan told parliament the safeguards would help defend a strategic industry and British steel producers could face "serious injury" were the measures not maintained. Since leaving the European Union and the bloc's common trade policy, Britain has sought to carve out a role on the global stage as a champion of free commerce, calling out restrictive practices by others like China and advocating for World Trade Organization (WTO) reform.
LONDON (Reuters) -Diageo, the world's largest spirits maker, will wind down its business operations in Russia over the next six months, it said on Tuesday, becoming the latest Western brand to withdraw. "Our focus will remain on supporting our employees in the region and providing them with enhanced redundancy terms, while ensuring we comply with local regulations," a Diageo spokesperson said in a statement. Foreign companies seeking to exit Russia over the war in Ukraine face the prospect of a law being passed in the coming weeks to allow Moscow to seize assets and impose criminal penalties.
State-controlled utility EDF signed 500,000 extra retail clients in the French electricity market between August 2021 and May 2022 and it aims to double the core profit of its energy services division by 2030, said a company official. Marc Benayoun, executive director in charge of EDF's customers, services and territories arm, told a news conference that EDF's number of retail customers had risen to 26.2 million in May this year from 25.7 million in August 2021. EDF said the rise in its customers had come as a surge in energy prices, following Russia's invasion of Ukraine, had led some rivals to change their retail offers or even halt them.
Wastewater Treatment Services Market Research Report by Type (Building & Installation, Design & Engineering Consulting, and Maintenance & Repair), Treatment Type, Service Type, End-User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19New York, June 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Wastewater Treatment Services Market Research Report by Type, Treatment Type, Service Type,
The National Savings & Investments chief executive received a £25,000 “performance-related” bonus last year – despite overseeing vast cuts in savings deals and a customer service shambles.
Crypto hedge fund facing collapse after claims of $650m default on loan to Voyager bank
The Transport Secretary claimed the Government is investing in modernising the railways ‘despite the best efforts of unions’.
(Reuters) -European shares rose on Tuesday as risk appetite improved after China eased its COVID-19 quarantine mandate, while rising oil prices provided an additional boost to energy stocks. The benchmark index's gains were tempered following a drop in June U.S. consumer confidence that pushed Wall Street lower. Europe's oil & gas sector gained 2% as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly.
Fabric wash and care products are used to keep garments from deteriorating due to normal washing and use. These things are also utilized for cleaning in a variety of industries, including automotive and aviation.New York, June 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Laundry Care Market Size, Share & Industry Trends Analysis Report By Product Type, By Distribution Channel, By Regional Outlook and Forecast, 2022 – 2028" - https://www.reportlinker.c
The 2011 rough diamond sales agreement in which the venture sells 75% of its output to De Beers was set to expire in 2020, but was extended for a year till last December and then again for six more months. The extension of the agreement for the sale of Debswana's diamond output runs until June 30, 2023.
When Hong Kong transitioned from British to Chinese rule, Edmond Hui was a floor trader at the bustling stock exchange, witnessing the roaring growth of a city at the crossroads of the West and Asia.
Letters: Andy Beverley is worried for those who are excluded by cashless systems, and Jane Ghosh says counter services are essential
The Bank of England Governor has warned that Britain faces a faster and steeper downturn than other rich countries as households are battered by a “very large national real income shock”.
Non-fungible tokens (NFTs) are blockchain-based cryptographic assets having unique metadata and identification codes that separate them from one another. They cannot be purchased or exchanged at face value, unlike cryptocurrencies.New York, June 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Non-fungible Token Market Size, Share & Industry Trends Analysis Report By Type, By End Use, By Application, By Regional Outlook and Forecast, 2022 – 2028" - https:
SCHLOSS ELMAU, Germany (Reuters) -The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday, aiming to deplete Moscow's war chest. The war in Ukraine and its dramatic economic fallout, in particular soaring food and energy inflation, dominated this year's summit of the group of rich democracies at a castle resort in the Bavarian Alps. An oil price cap would ratchet up existing Western pressure on Russia from sanctions, which German Chancellor Olaf Scholz insisted would stay until Russian President Vladimir Putin accepted failure in Ukraine.
The retail industry is undergoing a transformational shift wherein physical and digital customer experiences are converging. Retailers want to leverage digital tools that will help them derive contextual, behavioral, and location-based information to create unique and engaging customer experiences.New York, June 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Frictionless Commerce Growth Opportunities" - https://www.reportlinker.com/p06289520/?utm_source
Britain has become an easier place to do business thanks in part to its response to the COVID-19 pandemic which provided more flexibility to employers, according to a survey published on Tuesday. Britain was among the 10 countries considered the least complex for companies this year, a jump of 15 places in the rankings from 2021, TMF Group, a multinational professional services firm, said. "It's unusual to see such a sharp rise in a country ranking," Mark Weil, TMF's chief executive said.
Andrew Bailey said inflation would persist for longer than previously expected as petrol prices soar
The Irish government has raised 305 million euros ($323 million) through the sale of a 5% stake in Allied Irish Banks (AIB) in an accelerated book build that cut its majority shareholding to 63.5%, the finance ministry said on Tuesday. Dublin has been gradually selling shares in AIB since the start of the year through a share trading plan, and announced on Friday that it has raised 161 million euros by reducing its stake to 68.5% from 71.1% over the past six months.
Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. Compared with conventional 5-nanometre chips, the newly developed first-gen 3-nanometre process can reduce power consumption by up to 45%, improve performance by 23%, and reduce area by 16%, Samsung said in a statement. The South Korean firm did not name clients for its latest foundry technology, which supplies made-to-order chips like mobile processors and high-performance computing chips, and analysts said Samsung itself and Chinese companies are expected to be among the initial customers.
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