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Monthly Archives: August, 2023

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Eastern Germany’s brown coal belt tries to go green

A battery plant to store energy from wind and solar plants is set to gradually replace the sprawling coal pits of the Lusatia region,...

Fashion retailers resilient despite consumer fear

A strong start to June for Sweden’s H&M and the return to profitability at online fashion retailer ASOS helped to allay concerns around a...

Hong Kong reiterates banks should support licensed crypto exchanges

Hong Kong’s banking regulator has said it had, in April, asked lenders operating in the region to try and meet the business needs of...

British manufacturers lift 2023 outlook

Britain's main manufacturing trade body Make UK revised up its outlook for this year thanks to strong demand for aircraft and electronics, but said...

EU executive proposes new withholding tax rules to attract investors

The European Commission has proposed changes to the way investors pay withholding tax in the EU, to attract more cross-border trade in securities and...

Citigroup mulls plan to remove leadership layer at its largest unit

SOURCE: REUTERS   By Tatiana Bautzer and Saeed Azhar NEW YORK, Aug 21 (Reuters) - Citigroup C.N is considering plans to eliminate the role atop the bank's biggest division when its...

Germany’s climate efforts not enough to hit 2030 targets, experts say

SOURCE: REUTERS BERLIN, Aug 22 (Reuters) - Germany's greenhouse emissions gap will probably be bigger than the government's estimates in 2030 even if planned emission reduction measures...

SoftBank-backed chip designer Arm reveals filing for blockbuster U.S. IPO

SOURCE: REUTERS   By Manya Saini, Jaiveer Shekhawat and Stephen Nellis   Aug 21 (Reuters) - SoftBank Group Corp's 9984.T Arm Holdings Ltd reported a 1% fall in annual revenue due to...

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