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BAE Systems signs $2.5 billion CV90 combat vehicles deal with Sweden, Denmark

6 Dec 2024

(Reuters) – BAE Systems has secured about $2.5 billion in contracts from Sweden and Denmark to deliver new CV90 combat vehicles, including 115 for Denmark and 50 for Sweden, the British defence company said on Friday. The agreement includes additional vehicles for Ukraine, financed by Denmark and Sweden. (Reporting by Aatrayee Chatterjee in Bengaluru; Editing …

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UniCredit says German fraud probe concerns one ex client, involves other banks

6 Dec 2024

MILAN (Reuters) – Italian bank UniCredit said a German probe over alleged tax fraud concerned a single former client, after its Munich offices were raided on Friday. The European Public Prosecutor’s Office said that it had conducted searches at a bank in Munich over possible value-added tax fraud, without naming the bank involved. Bloomberg News …

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Dealmaker Hannam sues Randgold for up to $18 million over Barrick merger work

6 Dec 2024

By Sam Tobin LONDON (Reuters) – Dealmaker Ian Hannam is suing Randgold Resources for up to $18 million he says he is owed for work on its acquisition by Canada’s Barrick Gold, telling a London court on Friday that the gold miner reneged on their agreement. Hannam was formerly one of JPMorgan’s top rainmakers and …

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Nvidia’s business practices in EU antitrust spotlight, sources say

6 Dec 2024

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators are asking Nvidia rivals and customers if the U.S. artificial intelligence chipmaker bundles its products that may give it an unfair advantage, people with direct knowledge of the matter said, in a move that may lead to a formal investigation. Nvidia, which has a near-monopoly …

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Rouble rebounds past 100 vs US dollar after Putin’s gas payments decree

6 Dec 2024

By Gleb Bryanski and Elena Fabrichnaya MOSCOW (Reuters) – The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas, allowing foreign currency flows to resume. The rouble strengthened by 1.5% against the …

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Polish police arrest former Russian crypto exchange boss wanted by US

6 Dec 2024

WARSAW (Reuters) – Polish police have detained a Russian citizen wanted in connection with fraud and money laundering while running a large cryptocurrency exchange, they said in a statement on Friday. The man, named only as Dmitry V. due to Polish privacy laws, was detained on the basis of an extradition request from the United …

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Analysis-Gas price shock set to add to Europe’s industrial pain

6 Dec 2024

By Forrest Crellin, Nora Buli and Nina Chestney PARIS/OSLO/LONDON (Reuters) – Europe’s struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas intensifies, and the prospect of reduced Russian supplies looms. Since the energy crisis of 2022, when …

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Greece offers new round of power bill subsidies for households

6 Dec 2024

ATHENS (Reuters) – Greece announced a new round of power bill subsidies on Friday to help households grappling with rising electricity costs in December. Greece spent nearly 10 billion euros ($10.58 billion) in power bill subsidies for households and businesses in the 2021-23 period, the biggest amount an EU country has disbursed on such subsidies …

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Denmark’s Carlsberg finalises Russian asset sale to local buyer

6 Dec 2024

MOSCOW (Reuters) – Danish brewer Carlsberg has finalised the sale of its assets in Russia to local company VG Invest, Russian company filings showed on Friday, days after Carlsberg said it was selling to two longstanding employees of Baltika Breweries. Reuters reported on Tuesday that the Russian government had approved a 34-billion-rouble ($345.2 million) deal …

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